JEDDAH: Fabio Carille has agreed to a one-year contract extension with Al-Ittihad Football Club, ending speculation regarding his future at the Jeddah club. The Brazilian coach had been expected to leave the club following the end of his previous deal and was reported to be considering other offers, including from an Emirati side.
LONDON: Al-Hilal fans have had a bewildering few months. The Riyadh giants celebrated Saudi Pro League title number 17 just last week and on Tuesday appointed their fourth coach in less than four months. In February Razvan Lucescu was dismissed after 18 months in the job and the Romanian was replaced by Rogerio Micale. The Brazilian led the Riyadh giants through the group
SINGAPORE: Oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously bring back oil supply to the markets in June and July while expecting a robust recovery in demand in the United States and China, the world’s two biggest oil consumers. US West Texas Intermediate (WTI) crude futures rose 7 cents, or 0.10 percent, to $67.79 as of 0500 GMT,
RIYADH: Saudi L’Azurde shareholders will vote today on the board’s recommendation on increasing capital from SR430 million ($115 million) to SR575 million, through a rights issue. The decision to raise capital comes despite positive cash flows, as the company plans to invest in developing low-cost gold jewelry, a segment that is developing more rapidly than luxury jewelry, CEO Selim Chidiac told Al Arabiya. L’Azurde will also invest in its retail presence in Saudi Arabia and Egypt, and develop its e-commerce capabilities, which currently constitute 10 percent of the company’s revenues and could reach reach 20 percent next year, he said.
Dr. Ahmed bin Saleh Al-Yamani has been president of Prince Sultan University (PSU) in Riyadh since 2005. The university, formerly Prince Sultan College, was founded in 1998 as the Kingdom’s first private, nonprofit higher education institution with the aim of becoming a leading university in the Middle East. Al-Yamani joined the institution in the year of its establishment as