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Saudi Arabia’s Food Industry Attracts $61.8 Million in Investments

RIYADH: Chocolate, yogurt and fish production in Saudi Arabia will increase after investment deals worth SR232 million ($61.8 million) were signed by the Saudi Authority for Industrial Cities and Technology Zones. The organization, also known as MODON, has awarded seven contracts covering 99,400 sq. meters which will primarily benefit the Kingdom’s food and beverage sector.
Business

Egypt’s Central Bank Maintains Stable Interest Rates

CAIRO: The Central Bank of Egypt (CBE) kept its key overnight interest rates unchanged on Thursday, saying commodity prices appear to be falling and economic growth is likely to recover in the fiscal year that begins next week. As expected, the bank’s Monetary Policy Committee (MPC) left the lending rate steady at 19.25 percent and the deposit rate at 18.25 percent. Not one of 17 analysts polled by Reuters on Monday had forecast a change.
Business

Saudi Arabia’s Financial Market Ranks 3rd in G20 Competitiveness Indicators

RIYADH: Saudi Arabia’s financial market has advanced seven places to the third position in the competitiveness indicators among G20 nations this year, revealed Switzerland-based International Institute for Management Development in its latest report. According to the IMD World Competitiveness Yearbook for 2023, the Kingdom’s performance epitomizes the ongoing efforts of the Capital Market Authority to implement global best practices. 
Business

“AI’s Impact on Enterprise Software Market: $14tn by 2030”

RIYADH: Generative artificial intelligence is set to expand the global enterprise software market from $1 trillion currently to $14 trillion by 2030, said Saudi Arabia’s minister of communications and information technology.  Speaking at the France-Saudi Investment Forum in Paris on Monday, Abdullah Al-Swaha said the massive growth in generative AI would present a considerable opportunity for collaboration between Saudi Arabia and France. 
sport

Sharjah Self-Defense Dominates AJP Tour Dubai Championship

DUBAI: The first two days of the AJP Tour Dubai International Jiu-Jitsu Championship 2023 – Gi have been dominated by Sharjah Self-Defense Sports Club at Al-Nasr Club. Day one saw action in the infants and junior divisions, with Sharjah securing the top spot, followed by Palms Sports Academy in second place and ADMA Academy third. On day two, in the teens, youth and masters’ categories, Sharjah again took the lead, with Commando Group and A.F.N.T. in second and third respectively.
sport

“Boulter Claims First WTA Title in Battle of the Brits Win”

NOTTINGHAM: Katie Boulter won her first WTA Tour title on Sunday, beating Jodie Burrage 6-3 6-3 in the Nottingham Open in the first all-British final at this level for 46 years. Boulter cemented her position as British No. 1 and will move to a career high inside the world’s top 80. “I’m definitely going to be sleeping with this trophy tonight,” said Boulter, who grew up in nearby Leicester.
sport

Euro Qualifying: England and France Win Easily, Wales Lose to Armenia at Home

PARIS: England and France cruised to victories over international minnows in Euro 2024 qualifying on Friday, but Wales saw their hopes of reaching next year’s finals in Germany suffer a setback in a 4-2 home defeat by Armenia. Gareth Southgate’s England scored twice from the penalty spot as they eased to a 4-0 win away to a Malta side ranked 172nd in the world and kept up their perfect record in Group C.
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Universities’ Responses to Protests: Some Chose Violence, Others Considered Student Demands | TOME

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At least seven schools have reached an agreement with students around investment transparency and exploring divestment from Israel.

The post Some Universities Chose Violence. Others Responded to Protests by Considering Student Demands. appeared first on The Intercept.

Lebanon front fire causes casualties on both sides

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BEIRUT: The Israeli army launched more than 20 airstrikes on Lebanese border towns on Wednesday, resulting in deaths and injuries. Alarms blared in the settlements of Adamit, Goren, Eilon, and Arab Al-Aramsheh in Western Galilee and Israeli media reported: “Hezbollah is leading a major attack from southern Lebanon using missiles and drones, and sirens are continuously sounding.”

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UN reports 3 million displaced in Myanmar conflict

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United Nations says the number displaced has jumped by 50 percent in last six months as fighting has intensified.

Elon Musk Plans Robotaxi Launch in China, State Media Reports

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Tesla CEO last month made an unannounced visit to Beijing for talks with Chinese Premier Li Qiang.

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Elon Musk Plans Robotaxi Launch in China, State Media Reports

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Tesla CEO last month made an unannounced visit to Beijing for talks with Chinese Premier Li Qiang.

Boeing delays Starliner capsule launch due to valve issue

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Cancellation of inaugural crewed space mission comes as Boeing is under fire over safety record at its aviation arm.

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