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Saudi’s Abdullah Al-Qahtani Wins American Debut in PFL

Saudi Arabia’s Abdullah Al-Qahtani on Friday night claimed victory at his Professional Fighters League debut, which took place at the Overtime Elite Arena in Atlanta. Fighting in the featherweight division, “The Reaper” wasted no time in defeating his opponent, American Lamar Brown, via a face-crank submission in just 95 seconds.  

Jordanian World Bank Aid Program Algorithm Fails the Poorest

The algorithm used for the cash relief program is broken, a Human Rights Watch report found.

The post Algorithm Used in Jordanian World Bank Aid Program Stiffs the Poorest appeared first on The Intercept.

Bank of China to launch in Riyadh in 2021, confirms official

RIYADH: In yet another sign of increasing cooperation between the world’s second-largest economy and the Arab world, the Bank of China is set to open its first branch in Riyadh later in 2023, reported Asharq. It quoted Jun Tian, head of the team for the launch, as saying that the bank’s branch in the Saudi capital is expected to begin operations by the end of October or at the beginning of November.

“Champions League Final to Attract 450 Million Global Broadcast Viewers”

ISTANBUL: A global audience of 450 million viewers is expected to watch at least some part of the Champions League final between Manchester City and Inter Milan on Saturday, UEFA has estimated. The live, minute-by-minute average audience — a longtime gold standard in the broadcasting industry — of about 150 million is expected for the game in Istanbul that is being shown in more than 200 territories worldwide, UEFA said. It includes verified and estimated in-home TV viewers, fans streaming the game plus those watching in bars, restaurants and fan parks.

“DHS Report Links Cop City Protesters to Far-Right Activist Andy Ngo”

The intelligence report described the demonstrations as a “violent far-left occupation” — a phrase copied directly from an article by Ngo a day earlier.

The post DHS Intel Report on Cop City Protesters Cribbed Far-Right Activist Andy Ngo appeared first on The Intercept.

Saudi main index closes higher

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward trend for the second consecutive day, as reigning oil prices raised investor confidence.  On Monday, the benchmark index gained 71.63 points or 0.64 percent to close at 11,293.59.  The total trading turnover of the benchmark index was SR6.38 billion ($1.70 billion) as 125 listed stocks advanced, while 75 retreated. 

“Oman’s Inflation Rate Drops to 1.1% in April, Lowest Since March 2021”

RIYADH: Decelerating food prices drove Oman’s inflation levels to a 10-month low of 1.1 percent in April, according to the country’s National Center of Statistics and Information.  The 19-month low of food inflation — which stood at 2.7 percent in April as opposed to 4.1 percent in March — was mainly attributed to lower vegetable prices.  The statistics authority stated change in food costs came following a 1.6 percent annual hike recorded in March. 

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