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Saudi company invests in Italian chemical manufacturer

RIYADH: Saudi Arabian Industrial Investments Co., also known as Dussur, has announced the acquisition of a stake in Italmatch Chemical, a global specialty chemical additive manufacturer based in Italy, the Saudi Press Agency reported. The announcement was made at a ceremony held in Riyadh on Monday. It was attended by Saudi Energy Minister Prince Abdulaziz bin Salman, Investment Minister Khalid Al-Falih, and Minister of Industry and Mineral Resources Bandar Alkhorayef.
Business

“CMA to List 24+ Firms on Saudi Stock Market by 2023”

RIYADH: Saudi Arabia has more than 24 initial public offerings lined up for 2023 as it seeks to create boost the economy and create financing channels for emerging sectors. A report issued by the Capital Market Authority on Sunday said the Kingdom intends to boost its market’s appeal to foreign investors and increase their ownership as a percentage of the total market value of free float shares to reach 16.5 percent by the end of 2023.
Business

Saudi Industrial Sector Attracts $144 Billion in Foreign Joint Investments

RIYADH: Saudi Arabia is rapidly expanding its industrial sector with foreign and joint investments totaling more than SR542 billion ($144 billion), as the Kingdom continues to diversify its economy.   This value represents 37 percent of the total investment seen in the industrial sector, the Saudi Press Agency reported.   The number of factories with foreign investment in the Kingdom has reached 930, accounting for 9 percent of the total number of factories, the report added.  
Business

Aramco Names New Heads for Upstream and Downstream Businesses

RIYADH: Saudi Arabian Oil Co. has named new presidents for its upstream and downstream businesses as the oil giant looks to materialize its long-term strategies across the global portfolio and value chain.    According to a press statement, Saudi Aramco has appointed Nasir K. Al-Naimi as the president of its upstream business and Mohammed Y. Al-Qahtani as the president of the downstream business.    The company’s board has approved the newly created positions and appointments of directors, and the changes will be effective from July 1, 2023.   
sport

“Jon Rahm’s PGA Championship Challenge: Adding to a Big Year”

PITTSFORD, N.Y.: Jon Rahm watched video of the last PGA Championship at Oak Hill, which would not seem to be of much value considering the restoration work on the East Course, the rain-soaked week in 2013 and the fact that it was in August. Rahm picked up a few details that could serve him or anyone well, particularly the discipline Jason Dufner showed when he got in trouble off the tee and how he relied on his wedge game. More than a student of the game, the 28-year-old Spaniard is simply a golf nerd who recently described himself as “beyond addicted to the game.”
News

Washington Declaration: A Threat to Kim Jong Un?

We take a look at the significance of the declaration, and whether it could make North Korea change its direction.
News

$14m Gold Heist at Canada’s Busiest Airport

A container carrying 'high-value' items was stolen after being unloaded from a plane at a cargo facility in Toronto.
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Consumer Finance Protection Bureau Deemed Constitutional | TOME

Justice 0

And for some reason Justice Samuel Alito can’t stop talking about this witch trial judge.

The post The Consumer Finance Protection Bureau Is Constitutional, After All appeared first on The Intercept.

Israel to end free trade deal with Turkey in retaliation

News 0
JERUSALEM: Israeli Finance Minister Bezalel Smotrich on Thursday said Israel would abolish its free trade agreement with Turkiye and also impose a 100 percent tariff on other imports from Turkiye in retaliation for Turkish President Tayyip Erdogan’s decision to halt exports to Israel. The plan, he said, would be submitted to the cabinet for approval.

Popular

Cambodia launches $36.6bn building drive, China and Japan vie for spoils

Economy 0
Cambodian Prime Minister Hun Manet has unveiled a 174-project master plan that has attracted bids by rival powers.

Consumer Finance Protection Bureau Deemed Constitutional | TOME

Justice 0

And for some reason Justice Samuel Alito can’t stop talking about this witch trial judge.

The post The Consumer Finance Protection Bureau Is Constitutional, After All appeared first on The Intercept.

Popular

Cambodia launches $36.6bn building drive, China and Japan vie for spoils

Economy 0
Cambodian Prime Minister Hun Manet has unveiled a 174-project master plan that has attracted bids by rival powers.

Olympic Athletes’ Financial Hurdles | TOME

Economy 0
Full-time training, travel to compete, medical and most other costs for these athletes are out of pocket.

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