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Oil Updates — crude prices gain after US leaders strike debt deal

RIYADH: Oil prices rose on Monday after US leaders reached a tentative debt-ceiling deal, possibly averting a default in the world’s largest economy and oil consumer, although concerns about further interest rate hikes capped gains. Brent crude futures climbed 45 cents, or 0.6 percent, to $77.40 a barrel by 3:30 a.m. Saudi time, while US West Texas Intermediate crude was at
Saudi Arabia United States Ar Riya Vandana Hari Kevin Mccarthy Joe Biden

Swedish Somali model Ikram Abdi swaps Cannes for Monte Carlo

DUBAI: Swedish Somali model Ikram Abdi swapped the Cannes Film Festival red carpet for the racetrack this week as she jetted from the south of France to Monaco. The model took to Instagram Stories to share exhilarating videos from the stands of the Monaco Grand Prix late Sunday, just hours after she was spotted at the closing ceremony of the Cannes Film Festival.
United Arab Emirates City Of United Kingdom France General United States Monte Carlo

Foreign investors in special economic zones to get extra incentives for hiring Saudis

RIYADH: Saudi Arabia will offer foreign investors operating in the Kingdom’s special economic zones extra incentives to hire local workforce, said Minister of Human Resources and Social Development Ahmed Al-Rajhi. He was speaking at the Saudi Special Economic Zones Investment Forum in Riyadh on Monday. The minister noted that the special economic zones will be exempt from
Ar Riya Saudi Arabia Mohammed Al Jadaan Ras Al Khair Saudi Special Economic Zones Investment Forum Human Resources Development Fund

Major real estate investment exhibition begins in Jeddah

The first edition of the Saudi Real Estate Development and Ownership Exhibition 2023, the leading real estate event in the Kingdom, opened on May 28, welcoming more than 60 international and regional developers. The event, spanning 10,000 square meters of exhibition space, was officially inaugurated by Saad Al-Otaibi, member of the board at Jeddah Chamber.
Saudi Arabia Abdulrahman Al Zahrani Saad Al Otaibi Jeddah Center Saudi Real Estate Development Jeddah Chamber

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No mega-spend this summer for Newcastle: Eddie Howe

LONDON: Newcastle United head coach Eddie Howe has warned there will be no big transfer spend this summer, with Premier League Financial Fair Play, or FFP, rules biting hard. While some quarters expect the Saudi-led Magpies to splurge — much like Chelsea and Manchester City — in the transfer market this summer, Howe admits Newcastle are working to much tighter guidelines than
United Kingdom Saudi Arabia City Of Anthony Gordon Lewis Miley Eddie Howe

Over 500 patients examined in KSrelief voluntary surgical program in Cameroon

RIYADH: The King Salman Humanitarian Aid and Relief Center (KSrelief) continued to implement a voluntary surgical program in Cameroon, which has so far examined more than 500 cases in different clinics. The campaign runs from May 20 to May 31, 2023, in cooperation with Al-Baslam International Organization. Since the start of the campaign, the volunteer medical team of the
Ar Riya Saudi Arabia Annette Weber Relief Center Ksrelief Al Baslam International Organization King Salman Humanitarian Aid

Israeli forces kill Palestinian in West Bank raid: ministry

RAMALLAH: Israeli forces killed a Palestinian man Monday in the occupied West Bank, the Palestinian health ministry announced, as the military said forces were in a firefight during a raid. Ashraf Mohammed Ibrahim, 37, was “shot by the Israeli occupation” in the northern city of Jenin, the ministry said. Ibrahim was an officer in the Palestinian intelligence service, according
West Bank General West Bank Ashraf Mohammed Ibrahim Mohammed Ibrahim Al Ahsa Al Kharj

UK police to work with North African counterparts in migration crackdown

London: UK police will work with authorities in North Africa to prevent migrants leaving for Europe this summer, The Times reported on Monday. The move, which will see officers from the National Crime Agency operate in Tunisia, Algeria and Libya, will open a new front in Britain’s objective to “stop the boats,” following a deal with France to clamp down on people-smuggling
United Kingdom France General City Of English Channel United Kingdom General Giorgia Meloni

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