Saudi Arabia implemented over 600 reforms to improve business environment, says deputy minister

A total of 150 deals, valued at SR19 billion ($5 billion), were signed during the first half of 2022. File 
A total of 150 deals, valued at SR19 billion ($5 billion), were signed during the first half of 2022. File 
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Updated 11 August 2022

Saudi Arabia implemented over 600 reforms to improve business environment, says deputy minister

Saudi Arabia implemented over 600 reforms to improve business environment, says deputy minister

RIYADH: Saudi Arabia has implemented over 600 structural and legislative reforms that contributed to accelerating and improving the country’s business environment, deputy minister at the Ministry of Investment told CNBC Arabia. 

Saad Al-Shahrani said (the reforms) included facilitating the procedures for issuing investment licenses, whether from inside or outside the Kingdom.

He noted that a total of 150 deals, valued at SR19 billion ($5 billion), were signed during the first half of 2022, reflecting the attractiveness of Saudi Arabia for investors. 

This comes as part of the ministry’s efforts to enhance the Kingdom’s competitiveness as a regional business hub through a series of incentives and initiatives, Al-Shahrani added. 


Fighter Dina Elias makes Saudi history with gold in international jiu-jitsu contest

Fighter Dina Elias makes Saudi history with gold in international jiu-jitsu contest
Updated 10 min 15 sec ago

Fighter Dina Elias makes Saudi history with gold in international jiu-jitsu contest

Fighter Dina Elias makes Saudi history with gold in international jiu-jitsu contest
  • Saudi contingent also bagged 1 silver medal, 3 bronzes at AJP Tour Asia Continental Pro championship in Abu Dhabi

ABU DHABI: Martial arts fighter Dina Elias made history at the AJP Tour Asia Continental Pro championship in Abu Dhabi with a gold-medal-winning performance that made her the first Saudi female to claim top spot at an international jiu-jitsu competition.

Her victory came on day two of the event taking place at the Jiu-Jitsu Arena in the UAE capital, a contest organized by the UAE Jiu-Jitsu Federation in collaboration with Abu Dhabi Jiu-Jitsu Pro.

Elias’ gold was achieved in the under-95-kilogram division (blue-belt category) and followed a third-place finish by compatriot Haya Al-Sheikh in the under-70-kg division (blue).

Other Saudi medalists were Abdullah Ndaa with a silver in the under-62-kg, under-16 class, and bronzes for Faros Majid in the under-94-kg (purple) category, and Badi Idris in the under-81-kg, under-18 section.


King Salman receives written message from Czech president

King Salman receives written message from Czech president
Updated 59 min 26 sec ago

King Salman receives written message from Czech president

King Salman receives written message from Czech president

RIYADH: Saudi Arabia’s King Salman received a written message from the Czech Republic’s President Milos Zeman on Sunday relating to the strong bilateral relations between their countries and ways to support them.

The message was received by Deputy Foreign Minister Waleed bin Abdulkarim Al-Khuraiji during a meeting with the Czech ambassador to the Kingdom Juraj Koudelka.

Al-Khuraiji and Koudelka discussed bilateral relations between their countries and ways to enhance them in various fields. They also exchanged views on issues of common interest.


Sergio Perez wins in Singapore rain as Max Verstappen made to wait for F1 title

Sergio Perez wins in Singapore rain as Max Verstappen made to wait for F1 title
Updated 53 min 26 sec ago

Sergio Perez wins in Singapore rain as Max Verstappen made to wait for F1 title

Sergio Perez wins in Singapore rain as Max Verstappen made to wait for F1 title
  • First grand prix to be held under lights at the Marina Bay Street Circuit since 2019
  • Verstappen had a mathematical chance to clinch a second world title, but needed to win

SINGAPORE: Sergio Perez won a rain-affected Singapore Grand Prix on Sunday leaving his Red Bull teammate Max Verstappen to wait at least another week to retain his Formula One world championship.
The Mexican took the chequered flag 7.5sec ahead of the Ferrari of Charles Leclerc, but could be stripped of the victory by stewards who were investigating a possible safety car infringement.
Carlos Sainz was third to make it a double podium for Ferrari in the night race that started more than an hour late because of a storm.
It was the first grand prix to be held under lights at the Marina Bay Street Circuit since 2019 because of the coronavirus pandemic.
Verstappen had a mathematical chance to clinch a second world title, but needed to win and have other results go his way. He finished seventh after a rollercoaster race.
The Dutchman was always going to struggle after starting eighth on the grid and his task was made trickier by an early evening deluge that delayed the start till 9:05 p.m. (1305 GMT).
When the field eventually tore away from the grid in a shower of spray, Verstappen almost stalled and dropped back from eighth to 13th.
The 25-year-old cut through the field before flat-spotting his tires trying to pass Lando Norris for fourth after a safety car restart.
“I was up with Lando and as soon as I braked, the front wheels jumped in the air and I went straight on,” said Verstappen who was forced to pit for fresh rubber and dropped to last place.
“It’s not what I’m here for. Not with a car like that. It was incredibly messy.”
It means his world championship lead over Leclerc has been cut to 104 points ahead of next week’s Japanese Grand Prix. Perez is two points behind Leclerc.
Verstappen will need to be 112 points ahead at the end of next Sunday’s race in Suzuka to retain his title and can do so if he wins and Leclerc fails to finish second.
Leclerc started on pole but Perez slipped past before the first turn and drove a perfect race to hold off the Monegasque for his second GP win of the season.
“It was certainly my best performance,” Perez said. “I controlled the race. The last three laps were so intense. When I got out of the car, I felt it. I gave everything today.”
Leclerc started on pole but had a sluggish getaway on intermediate tires in the slippery conditions allowing Perez to reach the first corner in the lead.
“I pushed all the way,” said Leclerc. “The bad start put us on the back foot and it was a really difficult race after that.”
Sainz started fourth and managed to force his way past Lewis Hamilton on turn one, but he felt he could never threaten the front two and crossed the line 7.7sec behind Leclerc.
“It was very tough out there,” Sainz said. “I never really got into a rhythm in the wet and then couldn’t challenge the top two guys.
“I had to settle for P3, but the good thing is I didn’t do any mistakes and could bring the car home and be quick toward the end of the race.”
The McLaren pair of Norris and Daniel Ricciardo were fourth and fifth, Lance Stroll sixth in the Aston Martin ahead of Verstappen.
Sebastian Vettel, the winner in Singapore the last time the race was run in 2019, was eighth, with Hamilton and the AlphaTauri of Pierre Gasly rounding out the top 10.
Hamilton had been in the battle for pole but had a torrid time, complaining early about his tires and later slithering into a barrier necessitating a new nose before coming home ninth.
“I think we started off with a really decent weekend, it was really unfortunate at the end,” said Hamilton.
“I was trying, obviously difficult to overtake, that lock up into turn seven, ugh, when those things happen your heart sinks a little bit.”


Hundreds protest in Turkey in support of Iranian women

Hundreds protest in Turkey in support of Iranian women
Updated 02 October 2022

Hundreds protest in Turkey in support of Iranian women

Hundreds protest in Turkey in support of Iranian women
  • In Istanbul, many Iranians were among the hundreds of people who chanted slogans against the Tehran regime and in support of Iranian women
  • Women held red roses, Iranian flags and signs bearing the words “women, life, freedom”

ISTANBUL: Hundreds of protesters took to the streets in Turkey on Sunday to condemn Iran’s crackdown on women-led demonstrations sparked by a young woman’s death after her arrest by the country’s notorious morality police.
In Istanbul, many Iranians were among the hundreds of people who chanted slogans against the Tehran regime and in support of Iranian women.
Women held red roses, Iranian flags and signs bearing the words “women, life, freedom,” the battle cry of the protest movement that has rocked Iran and was triggered last month by the death of Mahsa Amini, a 22-year-old Iranian Kurd.
In Diyarbakir, a southeastern city with a majority Kurdish population, around 200 people gathered brandishing photographs of Iranian women killed in the crackdown and a large banner with the slogan “women, life, freedom” in Kurdish, an AFP correspondent reported.
A demonstration in solidarity with Iranian women attended by hundreds of people was also held in the western city of Izmir on Saturday evening, according to images published on social media and verified by AFP.
At least 92 people have been killed in Iran since the start of the protests two weeks ago, Norway-based NGO Iran Human Rights said on Sunday.


Haaland, Foden hat-tricks help Man City thrash Man Utd 6-3

Haaland, Foden hat-tricks help Man City thrash Man Utd 6-3
Updated 02 October 2022

Haaland, Foden hat-tricks help Man City thrash Man Utd 6-3

Haaland, Foden hat-tricks help Man City thrash Man Utd 6-3
  • Haaland has scored hat-tricks in each of his last three Premier League home games to take his tally to 17
  • City could have scored many more than the four they managed in a blistering first half performance

MANCHESTER, United Kingdom: Erling Haaland and Phil Foden scored hat-tricks as Manchester City thrashed Manchester United 6-3 to move to within a point of Premier League leaders Arsenal on Sunday.
Haaland has scored hat-tricks in each of his last three Premier League home games to take his tally as a City player to 17 in 10 competitive games for the English champions.
Antony’s strike and Anthony Martial’s late double ensured United avoided a record defeat in the Manchester derby as they remain in sixth, nine points off the top.
Since also conceding four times inside the first 45 minutes at Brentford in August, United had bounced back with four consecutive Premier League wins to offer hope they are heading in the right direction under Erik ten Hag.
But the Red Devils were given a rude awakening of the gulf that still exists between the Manchester giants.
City could have scored many more than the four they managed in a blistering first half performance that swept away any doubts caused by an inconsistent start to the season from Pep Guardiola’s men.
Within four minutes it took two goal-line clearances and a fine save from David de Gea to deny Haaland, Kevin De Bruyne and Bernardo Silva the opening goal.
Four minutes later, City did open the floodgates when Foden swept home Silva’s cross for the Manchester native’s first derby goal.
Ilkay Gundogan’s free-kick hit the post and Foden blasted another big chance wide before Haaland inevitably made his mark.
United were left to bemoan the absence of Raphael Varane to defend a De Bruyne corner as he received treatment on an ankle injury that forced him off at half-time.
Without the Frenchman, there was no match for Haaland’s presence in the penalty box as his header crossed the line before Tyrell Malacia’s attempted clearance.
Moments later, City showcased their ability to counter-attack as Jack Grealish fed De Bruyne, who perfectly picked out Haaland to convert on the stretch at the back post.
Haaland then turned provider with a low cross that Foden converted to leave United trailing 4-0 at half-time for the third time in a year.
Unlike, in a 5-0 defeat at Old Trafford to Liverpool last season and at Brentford last month, there was some semblance of a United response after the break.
Antony smashed home his second goal in as many Premier League appearances since a £82 million ($92 million) move from Ajax.
But Haaland quickly retook center stage with a thumping finish to meet Sergio Gomez’s cross.
City were on course to match the record margin of victory in a Manchester derby when Haaland set up Foden to smash home and complete his hat-trick.
That was Foden’s final involvement as he was withdrawn in a quadruple change as Guardiola could afford to also hand a rest to De Bruyne, Gundogan and Grealish.
United took advantage of City taking their foot off the accelerator in the final 10 minutes as substitute Martial scored twice to cut the arrears.
The Frenchman bravely headed in the rebound after Ederson parried Fred’s shot and then emphatically fired home from the penalty spot.