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PIF Ranks 7th Worldwide and Top in Mideast for High GSR Scores

RIYADH: Saudi Arabia’s Public Investment Fund ranked first in the Middle East region and seventh worldwide among 100 global state-owned funds for scoring high in governance, sustainability and resilience practices, according to the evaluation of the Global Sovereign Wealth Funds. Launched in 2020, the GSR scorecard is driven by an annual review of the best practices of the world’s top 100 funds, focusing on 25 elements — 10 of which are associated to governance and transparency, 10 to sustainability and responsible investing, and five to resilience and legitimacy. 
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“Gooch’s Birdie on Final Hole Secures 3rd LIV Golf Title, Defeating DeChambeau”

SOTOGRANDE, Spain: Talor Gooch won his third LIV Golf League title of the year on Sunday when he made a curling 15-foot birdie putt on the 18th hole at Valderrama for a 4-under 67 and a one-shot victory over Bryson DeChambeau.
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Saudi stock market closes with modest gains as TASI increases by 35 points

RIYADH: On its first trading day after the Eid holidays, Saudi Arabia’s stock market saw a muted performance, with its Tadawul All Share Index rising 34.93 points — or 0.3 percent — to close at 11,493.91 points.   While MSCI Tadawul Index inched up 0.4 percent to 1,516.30 points, the parallel market Nomu fell 4.22 percent to close at 25,043.16.   The total trading turnover of the benchmark index was SR4.56 billion ($1.22 billion) as 143 of the 228 listed stocks advanced, while 60 retreated.  
Business

Iraq’s June oil revenues exceed $7 billion

RIYADH: The Iraqi Ministry of Oil announced on Saturday that oil export revenues during June exceeded $7 billion.    According to the State Organization for Marketing of Oil, the total exports of crude during June were nearly 100.06 million barrels, with revenues amounting to $7.11 billion.    SOMO data revealed that the total quantities of crude exported during June from oil fields in central and southern Iraq were 98.72 million barrels.     Oil exports from the Al-Qayyarah oil field in Nineveh governorate in northern Iraq were 1.03 million barrels.   
News

“DeSantis Appointee Organizes Fundraiser in The Villages”

The $13,200-per-couple fundraiser yet again blends official state business and corporate influence with Ron DeSantis’s presidential campaign.

The post DeSantis State Government Appointee Holds DeSantis Fundraiser in The Villages appeared first on The Intercept.

Business

Sound Energy secures $237m financing for Moroccan gas project in the UK

RIYADH: A natural gas project in east Morocco will soon be completed thanks to a new finance push from the largest bank in the North African country. UK-based Sound Energy has received a conditional offer from Attijariwafa Bank to obtain funding amounting to 2.3 billion Moroccan dirhams ($237 million) for the Tendrara-based project’s second phase, according to a statement. The funding will be allocated for completing drilling, operating wells, and building a pipeline to transport natural gas to the state’s National Office of Electricity and Drinking Water.
Business

“Bahrain aims for 5% renewable energy in electricity generation by 2025”

RIYADH: In line with the aims of Bahrain’s National Energy Transition Plan, the state has stepped up efforts to increase the share of its renewable energy to 5 percent of its total electricity generation by 2025.  Kamal bin Ahmed Mohammed, president of the country’s Electricity and Water Authority, said the move is part of a strategy to diversify the state’s energy resources and achieve a renewable resource share of 20 percent by 2035, according to Bahrain News Agency. 
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Border closure prevents injured Palestinians from leaving Gaza

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This boy is among the Palestinian casualties appealing to leave Gaza for treatment, after Israel shut the only route out

Israel attacks Gaza as truce talks continue in Cairo

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RAFAH, Palestinian Territories: Israel bombarded the overcrowded Gaza city of Rafah, where it has launched a ground incursion, as talks resumed Wednesday in Cairo aimed at agreeing the terms of a truce in the seven-month war. Despite international objections, Israel sent tanks into Rafah on Tuesday and seized the nearby crossing into Egypt that is the main conduit for aid into the besieged Palestinian territory.

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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.

Israel attacks Gaza as truce talks continue in Cairo

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RAFAH, Palestinian Territories: Israel bombarded the overcrowded Gaza city of Rafah, where it has launched a ground incursion, as talks resumed Wednesday in Cairo aimed at agreeing the terms of a truce in the seven-month war. Despite international objections, Israel sent tanks into Rafah on Tuesday and seized the nearby crossing into Egypt that is the main conduit for aid into the besieged Palestinian territory.

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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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