RIYADH: Saudi utility giant ACWA Power has restructured the debt and ownership of its Turkish affiliate, converting outstanding debt into equity following an agreement with major creditors and minority shareholders. ACWA Guc, which operates a 950-MW combined-cycle gas turbine power plant in Kiriklay, Turkey, is partially and indirectly owned by ACWA Power. The deal involves … Read more
PARIS: The United States beat France 98-87 on Saturday to win its fifth straight Olympic men's basketball crown and take its tally to 17 Olympic golds.In a rematch of the finals at the Tokyo Olympics three years ago, an NBA star-studded LeBron James and American team proved too much for France despite the efforts of … Read more
RIYADH: According to the latest data from the Saudi Central Bank, foreign remittances from Saudi Arabia reached $3.2 billion in June, an increase of 11.32 percent year-on-year. This figure underscores the important role of the state in global remittance flows and is a testament to the economic dynamics influencing the region. The latest SAMA bulletin … Read more
KYIV: Thousands of Ukrainian troops are taking part in an offensive aimed at destabilizing Russia by showing their weakness, a top Ukrainian official told AFP as the offensive entered its sixth day. “We are on the offensive. “The aim is to expand the enemy's position, cause maximum damage and destabilize the situation in Russia by … Read more
Dubai: Fans gave Dubai-based Hollywood star Lindsay Lohan a warm welcome at Disney's D23 fan convention at the Honda Center in Anaheim, California. On Saturday, Lohan and Jamie Lee Curtis, stars of the upcoming “Freaky Friday” follow-up, revealed to fans for the first time the sequel's official title, “Freakier Friday,” expected in theaters in 2025.
MUMBAI: A new report by US-based short-seller Hindenburg Research on Saturday alleged that the chairman of India's markets regulator Madhavi Puri Buch had previously invested in some offshore funds that were also used by the Adani Group. In a press release late last night, Buch denied the allegations and called them baseless, adding that a … Read more
Saudi ambassador, IOC member Princess Reema, asked to stop criticizing Algerian boxer Imane Khalif London: The Saudi ambassador to the US said on Saturday that media criticism of Algeria's Olympic gold medalist boxer Imane Khalif should stop and that “compassion and human dignity must prevail every time”. Princess Reema Bint Bandar was speaking at the … Read more
Veteran human rights lawyer released in swap says Russia is moving towards Stalinist era Berlin: Oleg Orlov, a human rights activist since the 1980s, believed Russia had turned a corner when the Soviet Union collapsed and a democratically elected president became the leader.But then Vladimir Putin came to power, crushing dissent and launching a full-scale … Read more
The poll shows why neither Kamala Harris nor Donald Trump can take the Arab American vote for granted. London: US Green Party presidential candidate Jill Stein, known for her vocal support for Palestinian rights, has emerged as the top choice among Arab American voters in the lead-up to the November 5 US election, according to … Read more
The poll shows why neither Kamala Harris nor Donald Trump can take the Arab American vote for granted. London: US Green Party presidential candidate Jill Stein, known for her vocal support for Palestinian rights, has emerged as the top choice among Arab American voters in the lead-up to the November 5 US election, according to … Read more
