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UAE Company Targets Saudi Mobility Market Opportunities

CAIRO: Saudi Arabia’s mobility sector is set to benefit from the collaboration of the Public Investment Fund-backed iot squared and UAE-based AHOY Technology as the former will obtain software licensing and resale rights of IT products offered by the latter. The partnership aims to launch AHOY’s comprehensive suite of products and services including technology infrastructure, software development kits, and programming interfaces in the Kingdom. The Saudi firm, iot squared, is a joint venture between the PIF and etc Group.

Saudi Finance Minister emphasizes need for increased economic integration among Arab nations

JEDDAH: Saudi Minister of Finance Mohammed Al-Jadaan said on Friday that a series of global crises have highlighted the importance of economic integration among Arab nations, the necessity for increased cooperation, and the need for the development of sustainable economic and financial models. He said that such measures would help to enhance resilience in the Arab world in the face of the challenges and risks it faces, the Saudi Press Agency reported.

“Al-Rajhi and Gottschalk Dominate Day One of Tabuk-NEOM Rally”

TABUK: Saudi Arabia’s Yazeed Al-Rajhi and German co-driver Timo Gottschalk stormed into a comfortable 19 min 28 sec lead after the opening 205 km stage of the Tabuk-Neom Rally on Friday. The Toyota Hilux crew carded a time of 1 hr 58 min and 57 sec for the scenic passage through desert terrain without hitting any problems during the course of the morning.

Coventry advances to Championship playoff final with 1-0 win over Middlesbrough at Wembley

MIDDLESBROUGH, England: Coventry are one game away from returning to the Premier League for the first time since 2001. Gustavo Hamer scored the only goal in the 57th minute to give Coventry a 1-0 win over Middlesbrough in the second leg of the Championship playoff semifinals on Wednesday. That was enough to put the visitors through the playoff final against Luton at Wembley on May 27, often dubbed the world’s most lucrative one-off soccer game because of guaranteed earnings the winner will get for reaching the Premier League.

Saudi Arabia’s NDMC Raises $6 Billion from Islamic Bond Sale

RIYADH: Saudi Arabia’s National Debt Management Center has raised $6 billion from the sale of Islamic bonds, or sukuk, under its Global Trust Certificate Issuance Program. A statement issued on Tuesday said the Kingdom sold a $3 billion six-year tranche at 80 basis points over US Treasuries and another $3 billion in 10-year notes at 100 bps over UST.  Order books for the deal hit over $27 billion, it added. The bid-to-cover ratio reflects the strong demand for the Kingdom’s issuances, confirming the international investors’ confidence in the Saudi economy.

India Accuses China of Border Agreement Violation

Indian defence minister held 'frank discussions' with his Chinese counterpart, India’s defence ministry says.

NNPC and Golar sign MoU for floating gas plant in Nigeria

Africa's biggest oil producer holds some of the world's biggest gas reserves and is seeking investment in the sector.

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