Usyk beats Fury in Riyadh ‘Ring Of Fire’ showdown to become undisputed world heavyweight boxing champion RIYADH: Ukrainian boxer Oleksandr Usyk scored a dramatic split decision win against Tyson Fury to become the first undisputed world heavyweight champion in 25 years, an unprecendented feat in boxing’s four-belt era. In unifying WBA, WBO, WBC and IBF … Read more
NEW DELHI: Indian voters headed to the polls on Friday for the first phase of the world’s biggest general election, in which Prime Minister Narendra Modi is aiming for a rare third consecutive term. More than 968 million people are registered to vote, with polling taking place over the next six weeks, as results are … Read more
LONDON: Oil prices jumped $3 a barrel on Friday in reaction to reports that Israeli missiles had struck a site in Iran, sparking concerns that Middle East oil supply could be disrupted. The benchmark contracts surged more than $3 then eased slightly. At 5:00 a.m. Saudi time, Brent futures were up $2.63, or 3 percent, … Read more
Why the killing of a Lebanese party official has raised the specter of new sectarian strife BEIRUT: Almost five decades since the Lebanese civil war of 1975-1990 began, reactions to the kidnap and subsequent murder this week of Pascal Suleiman, an official of the Lebanese Forces, show the country’s fragile peace remains on a knife … Read more
UNITED NATIONS: UN Secretary-General Antonio Guterres on Friday expressed serious concern over reports that Israel was using artificial intelligence to identify targets in Gaza. Guterres said that he was “deeply troubled by reports that the Israeli military’s bombing campaign includes Artificial Intelligence as a tool in the identification of targets, particularly in densely populated residential … Read more
CAIRO: Startups across the Middle East and North Africa region are increasingly collaborating through strategic partnerships to enhance the entrepreneurial ecosystem. Ventures from various industries are forging alliances, and signing agreements to bolster expansion, penetrate new markets, and enhance customer satisfaction initiatives. At the forefront of these strategic partnerships, the Kingdom’s National Technology Development Program … Read more
RIYADH: The Arab Energy Fund’s net income reached an all-time high of $225 million in 2023, marking a 51 percent increase driven by asset growth and a favorable interest environment. According to a statement, this yearly rise was also attributed to the optimization of the institution’s funding and liquidity profiles, effective cost management and lending … Read more
RIYADH: Saudi Arabia’s Public Investment Fund has soared in an annual global ranking of sovereign wealth organizations, thanks to a 55 percent increase in assets under management. The value of PIF’s portfolio now stands at $925 billion, according to US-based Sovereign Wealth Fund Institute, up from $595.6 billion in 2022. This means the organization has surged … Read more
NEW YORK CITY: The EU’s foreign affairs chief on Tuesday condemned the lack of aid entering Gaza as “man-made” disaster in which starvation is being used as a weapon of war.“When we condemn this happening in Ukraine, we have to use the same words for what’s happening in Gaza,” Josep Borrell told the UN Security … Read more
RIYADH: Saudi Arabia’s entrepreneurship scene witnessed a transformative surge in investment activity at LEAP 2024 – the Kingdom’s highly-attended startup and technology event. Several new venture capital funds are set to launch, it was announced at the Riyadh-based gathering, aiming to energize various sectors within Saudi Arabia and the broader Middle East and North Africa region. … Read more