A broad selection of US stocks was purchased by Saudi Arabia’s Public Investment Fund (PIF), bringing its investment portfolio’s value to about $40.8 billion at the end of the second quarter. According to a US Securities and Exchange Commission filing, the PIF acquired 213,000 class A shares in Alphabet, 4.7 million in Zoom, and 1.8 million in Microsoft. In addition, PIF purchased shares in JPMorgan and BlackRock, investing in 3.9 million shares and 741,693 shares, respectively. Additionally, the fund purchased shares of Adobe Systems, Advanced Micro Devices, Salesforce, Home Depot, Costco, Freeport-McMoRan, Datadog, and NextEra Energy. With $620 billion in…
Author: menewscast.com
Japanese Prime Minister Fumio Kishida vowed Monday that Japan would never again wage war. This was as members of his cabinet visited a shrine honoring war dead, angering South Korea and China. The relationship between Japan and China was already strained after China conducted unprecedented military exercises around Taiwan. This was following the visit there of House of Representatives Speaker Nancy Pelosi this month, Reuters reports. A number of missiles fell in Japan’s Exclusive Economic Zone during the drills. I will live up to this determined oath,” Kishida pledged before a secular gathering in Tokyo, which was also attended by…
An agreement has been signed between Malaysia Airlines and aircraft leasing company Avolon to replace its ageing fleet of A330 widebody jets with 20 Airbus A330neos. According to the carrier, 10 of the planes will be acquired from Airbus and then leased directly from Avolon, with the remaining 10 being purchased from Airbus. A Rolls-Royce engine will power the planes, which will be delivered between 2024 and 2028, according to the airline. Despite a prolonged downturn, the A330neo fleet upgrade comes amid signs of a recovery in widebody demand. International air traffic is recovering from pandemic lows as airlines renew…
A previously unknown small armored dinosaur has been discovered in southern Argentina, a creature which likely walked upright about 100 million years ago through a steamy landscape. They said the Cretaceous Period dinosaur, named Jakapil kaniukura, would have had bony disk-shaped armor covering its neck and back, down to its tail. About 5 feet (1.5 meters) long and weighing 9 to 15 pounds (4-7 kg), it was about the size of an average house cat. In Patagonia’s Rio Negro province’s La Buitrera paleontological zone, its fossilized remains were dug up over the past decade near a dam. Jakapil was described…
The Rock, an egg-sized white diamond billed as the largest of its kind to be auctioned, sold for more than CHF21.6 million ($21.75 million), including fees – at the low end of what Christie’s expected. As reported by AP, the 228-carat pear-shaped G-Color stone has a gross weight of 61.3 grams (2.2 ounces) and dimensions of 5.4 centimeters by 3.1 centimeters (2.1 inches by 1.2 inches). G-Color diamonds are not the highest grade diamonds, but are ranked fourth below D-Color diamonds. A private buyer acquired The Rock, which had a pre-auction estimate of between 19 million and 30 million Swiss…
By handling 188,578 TEUs during June 2022, the King Abdulaziz Port in Dammam, managed and operated by Saudi Global Ports (SGP), broke its own record set in 2015. In line with the National Transport and Logistics Strategy (NTLS)’s objectives of increasing logistics output and container throughput in Saudi ports, the port’s performance was record-breaking due to soaring import and export volumes, which boosted its productivity and reaffirmed its operational and logistical prowess. The port’s strategic location on the Arabian Gulf lends it a distinct status as a trade gateway to the Kingdom’s Eastern and Central regions, making it an excellent…
In order to achieve the current financial year’s agro export target of over $23 billion, the Indian Commerce and Industry Ministry has developed an outreach strategy for agro exports. Three hundred events will be organized under the plan to boost exports. An outreach strategy will be developed to establish strong and regular connections with exporters, farmers, agripreneurs, food processors, logistics providers, and foreign exchange management companies. A variety of mainstream publications, electronic channels, and prominent social media platforms will be used to connect with stakeholders. The Ministry stressed that working in line with Prime Minister Narendra Modi’s clarion call towards…
World Health Organization (WHO) is the official co-sponsor of the 9th ISPAH Congress taking place in Abu Dhabi from 23rd-26th October, announced Abu Dhabi Public Health Centre (ADPHC). With an engaging schedule of workshops, speeches, and sessions, the Congress will drive impactful conversations on encouraging physical activity adoption across all age groups. Collaboration opportunities will also be explored to achieve a shared vision of a healthy and active society. The WHO’s co-sponsorship of the event emphasizes the importance of physical activity as a public health priority, and its impact on reducing the burden of noncommunicable diseases (NCDs) as well as…
An explosion that set off a fire at a shopping center in Yerevan, the Armenian capital, on Monday left six people dead and more than 60 others injured, officials said. Besides the dead and injured, the Armenian ministry of emergency situations said that around 19 people are still missing following the blast at the Surmalu wholesale market on Sunday. Overnight, search and rescue operations were carried out in the rubble and 10 survivors and one body were pulled from the rubble, according to the statement. In the aftermath of the explosion, a building collapsed and a fire broke out. Local…
Prime Minister Narendra Modi has stated that India is not only performing remarkably well in sports that it has traditionally dominated. It is also showing stellar performances in arenas where it was not prominent before. At his official residence, Mr. Modi addressed the Indian contingent that participated in the recently held Commonwealth Games 2022 in Birmingham. Sportspersons’ stellar performances are to be credited for the increasing interest in sports, he said. Today is a day to celebrate the Commonwealth contingent’s success, as Mr. Modi said he always had full faith in their abilities. According to PM Modi, the number…