Page 46 - Yanbu News Today

NEW YORK: Billionaire investor turned philanthropist George Soros is ceding control of his $25 billion empire to a younger son, Alexander Soros, according to an exclusive interview with The Wall Street Journal published online Sunday. Soros’ business holdings include his nonprofit Open Society Foundations, which is active in more than 120 countries around the world and funnels

RIYADH: China is likely to benefit from the Middle East’s sovereign funds, as their investment capital is forecast to reach $10 trillion by 2030, according to the CEO of the Hong Kong Stock Exchanges and Clearing Ltd. Speaking on the second day of the 10th Arab-China Business Conference, Nicolas Aguzin, predicted regional sovereign funds’ resources to swell by 150 percent, up

Saudi Arabias National Housing Company (NHC) has announced that it has delivered 25,000 homes this year (until end of May) in 11 cities across the kingdom including Riyadh, Makkah, Madinah and Jeddah. A total of 48 housing projects have been completed.

GAZA: Graffiti artists in Gaza have painted murals on the remains of houses destroyed in an Israeli missile strike during cross-border fighting in May. On one wall the artists depicted a woman holding her son. On another a boy is painted with tears in his eyes. A third shows a girl, seen through a mirror, combing her hair. A painting drawn by artists is seen at a house

RIYADH: Saudi Arabia’s King Abdullah Economic City is set to feature a luxury resort on the shoreline of the Red Sea as the Kingdom’s upcoming manufacturing and logistics hub is ramping up its hospitality offerings to attract various business operations. KAEC signed an agreement with Vivienda, a Saudi hospitality brand owned by the Forus Real Estate Investment and Development

RIYADH: Jordan is eyeing new projects worth 1.8 billion Jordanian dinars ($2.5 billion) between 2023 and 2026 in Saudi Arabia and other countries as part of its investment promotion strategy, stated an official document released on Monday. While quoting the document, the Arabic daily Alghad said the target was the outcome of the Jordanian Investment Council’s approval of the

PARIS: A landmark two-day business event showcasing opportunities for commercial partnerships between France and the Gulf states begins in Paris on Tuesday. Vision Golfe is a new platform promoting business cooperation in high-growth potential markets in both private and public sectors, such as trade, sports, culture, energy and the environment. Key economic players,

RIYADH: Saudi leaders on Tuesday offered condolences for the death of former Italian prime minister Silvio Berlusconi, who died at the age of 86. King Salman and Crown Prince Mohammed bin Salman extended condolences to current Prime Minister Giorgia Meloni, the Saudi Press Agency reported. The billionaire media mogul changed Italy’s political and cultural landscape as he had

LONDON: Old rifts resurfaced in Britain’s ruling Conservative Party on Saturday following former Prime Minister Boris Johnson’s abrupt resignation from Parliament, while the opposition Labour Party sensed opportunity ahead of a general election next year. Johnson quit late on Friday in protest against an investigation by lawmakers into his conduct as prime minister during the

ISTANBUL: Manchester City won the first Champions League in their history on Saturday and secured a treble of trophies by beating Inter Milan 1-0. In a far closer match than many pundits had predicted, Rodri’s sweetly-struck goal proved the difference for Abu Dhabi-backed City, who have already won the Premier League and FA Cup this season. Rodri sidefooted in on 68 minutes