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National Development Fund supports Saudi economy with $8bn financing in Q1

RIYADH: Saudi Arabia’s industrial sector and small and medium enterprises were among the key beneficiaries of the Kingdom’s National Development Fund which provided over SR30 billion ($8 billion) funding support in the first quarter of 2023. The funding was allocated through a number of cooperation agreements and financing support for various economic sectors with an aim to
Saudi Arabia Ar Riya Human Resources Development Fund National Strategy For Industry Saudi Industrial Development Fund Tourism Development Fund

GFH signs strategic partnership with FII Institute

GFH Financial Group has been announced as a strategic partner of Future Investment Initiative Institute, joining the institute’s list of world-class global partners. FII Institute is a leading nonprofit foundation with an investment arm and one agenda: “Impact on Humanity.” Its partners include major global and regional banking and financial players, in addition to market
Salah Sharif Richard Attias Financial Group Investment Initiative Institute Future Investment Initiative Institute Al Ahsa

NBA Finals: Miami Heat ready for another shot at Denver Nuggets

DENVER: Miami are confident they can turn up the Heat against the Denver Nuggets in Game 2 of the NBA Finals. The Nuggets dominated in a 104-93 Game 1 triumph in the best-of-seven series on Thursday, when Miami’s chances were doomed by their inability to connect on shots — including a 33.3 percent success rate from three-point range. Max Strus was 0-for-10 from the field,
United States Erik Spoelstra Max Strus Duncan Robinson Caleb Martin Jimmy Butler

Pentagon says concerned over China's 'increasingly risky' actions in Asia

SINGAPORE: The Pentagon voiced concern on Sunday over the Chinese military’s “increasingly risky and coercive activities” in Asia. “We remain concerned about the PLA’s increasingly risky and coercive activities in the region, including in recent days,” said Pentagon spokesman Brig. Gen. Pat Ryder, who is with US Defense Secretary Lloyd Austin at a security conference in
Lloyd Austin Pat Ryder Secretary Lloyd Austin Al Ahsa Al Kharj Khalij Times

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Egypt deploys 3 tugboats to tow oil tanker after it breaks down in Suez Canal

CAIRO: Egypt has deployed three tug boats to tow an oil tanker that suffered an engine failure in the Suez Canal, the canal’s authority said in a statement on Sunday. The canal’s head Osama Rabie said traffic heading northwards will resume as normal after the tugboats move the tanker. The crude tanker, SEAVIGOUR, is a Malta-flagged vessel that was built in 2016, according to
Suez Canal As Suways Al Qahirah Osama Rabie Refinitiv Eikon Al Ahsa

Saudi Yoga limber up for first-ever international championship

JEDDAH: Saudi Arabia’s national yoga team are limbering up to participate in their first-ever international contest, the second Mt. Everest International Yoga Championship from June 8 to 10 in Kathmandu, Nepal. The team arrived on June 1 in the capital, where they are undergoing special training under the supervision of head coach Vijay Yadav, winner of more than 50 medals,
Saudi Arabia Bader Al Ghamdi Ahmed Shilati Samaher Al Malki Vijay Yadav Joud Abed

Israel prepares funerals for soldiers killed near Egyptian border

JERUSALEM: Israel said Sunday it would investigate the shooting deaths of three soldiers at its border with Egypt, as it prepared to hold funerals for the slain trio. On Saturday, three Israeli soldiers were killed by an “Egyptian policeman” who had entered the country and was shot dead in a rare cross-border incident, the army said. Israel had sent Egypt a “clear message,”
Israel General Ohad Dahan Mohamed Zaki Mitzpe Ramon Benjamin Netanyahu Izhak Iluz

Australia seeks to boost economic ties with Saudi Arabia, says envoy

RIYADH: Eyeing economic opportunities in Saudi Arabia and providing a platform for Australian companies to explore and deepen trade ties with the Kingdom, Trademark Group of Companies opened its office in Riyadh on Saturday. Trademark Group of Companies is dedicated to helping Australian businesses to expand into Saudi Arabia and the wider Gulf Cooperation Council region, and
Australian Capital Territory Saudi Arabia Red Sea Djibouti General Ar Riya Todd Miller

Saudi royal reserve authority becomes member of world conservation body

The King Salman bin Abdulaziz Royal Reserve Development Authority has been officially announced as a government member of the International Union for Conservation of Nature. The authority was recently granted IUCN membership in recognition of its efforts to empower local communities in nature conservation and wildlife protection, and the restoration of key flora and fauna
Saudi Arabia Fahad Al Shuwaier Ahmed Al Bouq International Union For Conservation Of Nature National Center Wildlife Development

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