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☆ Saudi Arabia, other Arab states reaffirm commitment to voluntary oil production adjustments
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +1 min

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina//File Photo Acquire Licensing RightsOct 8 (Reuters) - Bahrain, Iraq, Kuwait, Oman, Saudi Arabia and the United Arab Emirates reaffirmed their commitment to "collective and individual voluntary adjustments" to oil production, the Saudi state news agency said on Sunday. The oil ministers of the six countries met on the sidelines of the U.N. MENA climate week event in Riyadh on Sunday. OPEC+ agreed in June to extend voluntary oil cuts first introduced in April until the end of 2024. Additional voluntary cuts by Saudi Arabia and Russia extend to the end of 2023 and are subject to monthly review.

Persons: Ramzi Boudina, Hatem Maher, Ros Russell Organizations: Organization of, Petroleum, REUTERS, United, Emirates, Cooperation, Thomson Locations: Algiers, Algeria, Bahrain, Iraq, Kuwait, Oman, Saudi Arabia, Saudi, Riyadh, OPEC, Russia

☆ World reacts to Hamas attack on Israel
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +10 min

REUTERS/Mahmoud Issa Acquire Licensing RightsOct 8 (Reuters) - The Palestinian Islamist group Hamas launched the biggest attack on Israel in years on Saturday. Germany condemns these attacks by Hamas and stands by Israel," Scholz said on social media. However, Morocco's Islamist PJD party, which had been the largest in parliament until elections in 2021, praised the Hamas attack as "a heroic act" and "a natural and legitimate reaction to daily violations". EUROPEAN UNIONEU Commission chief Ursula von der Leyen said: "I unequivocally condemn the attack carried out by Hamas terrorists against Israel. INDONESIA"Indonesia is very concerned about the increasing escalation of the conflict between Palestine and Israel," the foreign ministry the world’s largest Muslim-majority country said on X.

Persons: Mahmoud Issa, Antony Blinken, Lloyd Austin, Tor Wennesland, Volker Tuerk, MAHMOUD ABBAS, WAFA, Abbas, Ali Khamenei, Yahya Rahim Safavi, Nasser Kanaani, ISNA, OLAF SCHOLZ, Scholz, EMMANUEL MACRON Macron, Abraham, JOSEP BORRELL, Borrell, JUSTIN TRUDEAU, JAMES, Ursula von der Leyen, TAYYIP ERDOGAN, Erdogan, Israel, MIKHAIL BOGDANOV, Bogdanov, VOLODYMYR ZELENSKIY Zelenskiy, Israel's, ANDRZEJ DUDA, I'm, Duda, PETR PAVEL, Pavel, Giorgia Meloni, KISHIDA, Kishida, Faki Mahamat, Yoweri Museveni, Jan Harvey, Andrew Cawthorne, Ros Russell, Barbara Lewis, Toby Chopra Organizations: REUTERS, Hamas, UNITED, State Department . U.S . Defense, of Defense, Human, Palestinian, Abraham Accords, Israel, Twitter, EU Commission, Hezbollah, Rockets, State, African Union, Reuters, Thomson Locations: Gaza, Israel, Palestinian, IRAN, Palestine, Jerusalem, CHINA, State, Germany, SAUDI ARABIA, Egypt, MOROCCO Morocco, EU, Muscat, Oman, Canada, QATAR, MIKHAIL BOGDANOV Russia, Iran, Lebanese, Poland, Japan, KUWAIT Kuwait, EMIRATES, UAE, INDONESIA, Indonesia, KENYA, X, UGANDA, Uganda

Renewed manufacturing growth will boost industrial energy consumption, especially for diesel, but with inventories still low, prices are set to escalate rapidly, rekindling concerns about inflation. SOFT LANDING? The mid-cycle slowdown or “soft landing” of 1989/90 and the cycle-ending “hard landing” of 1990/91 are usually considered as one episode. Blinder has argued the Federal Reserve would have achieved a soft landing if oil prices had not spiked for unrelated reasons. Related columns:- Global diesel shortage boosts prices (September 13, 2023)- Prolonged U.S. manufacturing slowdown barely dents energy use (September 5, 2023)- U.S. diesel prices surge anticipating a soft landing (August 11, 2023)- U.S. manufacturing slowdown fails to rebuild diesel stocks (August 2, 2023)John Kemp is a Reuters market analyst.

Persons: Bing Guan, Alan Blinder, Blinder, Saddam Hussein’s, ”, Saddam Hussein, Alan Greenspan, John Kemp, Alexander Smith Organizations: Angeles Refinery, California Air Resources Board, Institute, Supply, Federal Reserve, Reserve, Global, U.S, Thomson, Reuters Locations: Angeles, California, Carson , California, U.S, Kuwait, Blinder, United States, Europe, China

☆ Sheikh Ahmad, brother file cases against IOC at CAS over election
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

Sheikh Ahmad Al-Fahad Al-Ahmed Al-Sabah leaves a courthouse after the verdict for a trial for forgery in connection with arbitration, in Geneva, Switzerland, September 10, 2021. Sheikh Ahmad was banned from the IOC for three years in July after it found he had an "undeniable impact" on Olympic Council of Asia (OCA) elections in which his brother, Sheikh Talal Fahad Al-Ahmad Al-Sabah, was appointed president. CAS confirmed both Sheikh Ahmad and Sheikh Talal had filed separate cases against the IOC at the Switzerland-based court. Sheikh Ahmad, a former OCA president, travelled to Bangkok ahead of the OCA election in July and was in the city when it took place, which was "interpreted as interference in the election process" by the IOC's ethics commission. Sheikh Ahmad denied all the charges in the case and appealed the conviction.

Persons: Sheikh Ahmad Al, Fahad Al, Ahmed Al, Denis Balibouse, Fahad, Sheikh Ahmad, Sheikh Talal Fahad Al, Ahmad Al, Sheikh Talal's, Sheikh Talal, India's Randhir Singh, Singh, Sheikh Ahmad's, Ian Ransom, Peter Rutherford Organizations: REUTERS, Rights, International Olympic Committee, Sport, Olympic Council of Asia, IOC, OCA, Asian Games, Thomson Locations: Sabah, Geneva, Switzerland, Rights HANGZHOU, China, Fahad Al, Bangkok, India's, Swiss, Hangzhou

☆ Supply cuts from Saudi Arabia remain price drivers for oil heading into the fourth quarter
▼ + stars: | 2023-10-02 | by ( Brian Evans | ) www.cnbc.com time to read: +6 min

Experts predict oil prices will continue to rise heading into the fourth quarter, driven by tighter supply and production cuts. Despite some profit-taking in the last week of September, crude oil prices have rallied since the summer. That means U.S. crude oil reserves will remain under pressure amid the Saudi production cuts. And questions still remain as to the strength of a resurgence from the Chinese economy and how that will support higher oil prices. Goldman also recently published its list of buy-rated stocks to play higher oil prices, which included Chevron and Baker Hughes .

Persons: Goldman Sachs, Brent, Viktor Katona, Katona, Stephen Ellis, Ellis, Ole Hansen, " Hansen, Brian Mulberry, Mulberry, Goldman, Baker Hughes, Neil Mehta, Mehta Organizations: Brent, West, West Texas, Bank of America, Chevron, ExxonMobil, Morningstar, Saxos Bank, Zacks Investment Management, Federal Reserve, ConocoPhillips, XOM Locations: West Texas, Saudi Arabia, Saudi, Russia, OPEC, U.S, Cushing , Oklahoma, East, Kuwait, Iraq, Ukraine, Iran

☆ Asian Games: Official suffers broken leg after being hit by hammer in athletics event
▼ + stars: | 2023-10-01 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Hangzhou, China Reuters —An athletics official suffered a broken leg and serious bleeding after being hit by a misthrown hammer in the Asian Games in Hangzhou, but his vital signs are now stable, a spokesman for the games said on Sunday. ET) on Saturday, Kuwait’s Ali Zankawi lined up for one of his throws in the men’s hammer final at the eastern Chinese city’s packed Olympic stadium. Looking horrified, Zankawi sprinted over as blood began spurting from the official’s right leg. “Currently his vital signs are stable.”An official reacts in pain after his leg was injured by a stray hammer thrown by Ali Zankawi (L) who attempts to stem the bleeding during the men's hammer throw final athletics event. The netting in athletics is designed to hang relatively loosely to prevent hammer balls and discuses from bouncing back at the athletes after misthrows.

Persons: Kuwait’s Ali Zankawi, Zankawi, Huang Qinhua, grimaced, dizzily, Huang, Xu Deqing, “, Ali Zankawi, William West, China’s Wang Qi Organizations: China Reuters, Asian, ”, Getty, misthrows, Weibo Locations: Hangzhou, China, “, AFP

Just before 8 p.m. (1200 GMT) on Saturday, Kuwait's Ali Zankawi lined up for one of his throws in the men's hammer final at the eastern Chinese city's packed Olympic stadium. But instead of soaring straight onto the outfield, the hammer flew out sideways and low to the right, smashing into the leg of the sitting technical official. Looking horrified, Zankawi sprinted over as blood began spurting from the official's right leg. The official, Huang Qinhua, 62, grimaced and swayed dizzily as Zankawi rushed to check on him, blood shooting out of the wound. The netting in athletics is designed to hang relatively loosely to prevent hammer balls and discuses from bouncing back at the athletes after misthrows.

Persons: Kuwait's Ali Zankawi, Dylan Martinez, Zankawi, Huang Qinhua, grimaced, dizzily, Huang, Xu Deqing, China's Wang Qi, Martin Quin Pollard, William Mallard Organizations: Olympic Sports Centre, Rights, Asian, misthrows, Weibo, Thomson Locations: Hangzhou, China, Rights HANGZHOU

☆ Abrams tanks were 'built to kill' Russian armor, but Ukraine has its work cut out for it keeping them in the fight
▼ + stars: | 2023-09-27 | by ( Chris Panella | Ryan Pickrell | ) www.businessinsider.com time to read: +12 min

Ukraine has received a first batch of US-provided M1A1 Abrams tanks. It's heavy-duty, combat-proven armor that was built with a very specific mission in mind: killing Russian tanks. The promise to deliver American-made Abrams tanks to Ukraine followed plans from the UK, Germany, and other European partners to provide Ukraine with Challenger and Leopard tanks. AdvertisementAdvertisement"The Abrams was built, A1 and A2 alike, knowing we had to kill many more Russian tanks. AdvertisementAdvertisementUS M1A1 Abrams tanks needed for training the Armed Forces of Ukraine arrive by rail at Grafenwoehr, Germany, May 14, 2023.

Persons: Abrams, it's, —, Robert Greenway, Volodymyr Zelenskyy, Biden, M1A1 Abrams, Lance Cpl, Scott Jenkins, Joe Biden, M1A1s, Pat Ryder, Gian Gentile, RAND's, Gentile, Leo, Challenger, Allan Tannenbaum, Greenway, Charlie Company ,, Brendan Mullin, there's, It's, Tylon Chapman, Douglas R, Bush, we've Organizations: US Army, Service, Ukraine, Soviet, Hudson Institute, Army, New York Times, M1A1, Iraq's, Special Forces, Marine Corps M1A1, 2nd Tank Battalion, 2nd Marine Division, Marine Expeditionary Force, US Marine Corps, Kyiv, Pentagon, Challenger, Leopard, Leopards, RAND's Arroyo Center, US, Charlie, Charlie Company , 1st Tank Battalion, 1st Marine Division, United Arab Emirates, Armed Forces, US Air National Guard, Honeywell, Abrams, Acquisition, Logistics, Technology, M1 Abrams Locations: Ukraine, Soviet, Pohjankangas, Niinisalo, Finland, Scott Jenkins Ukraine, Germany, RAND's Arroyo, Russian, Iraq, Soviet Union, U.S, Kuwait, Grafenwoehr

☆ No phone, no Twitter: 60-year-old Al-Rashidi's secret to gold in shooting
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

Sept 27 (Reuters) - Kuwait's Abdullah Al-Rashidi claimed his fourth Asian Games gold medal in skeet shooting on Wednesday and the 60-year-old said the secret to his longevity and his sharp vision is staying away from the phone and social media. To put Al-Rashidi's age in perspective, Naruka was born in 1998 -- the same year the veteran Kuwaiti shooter won his third world title. I don't look at the phone or Twitter, because this is not good for your eyes. Despite winning gold medals at the world championships and Asian Games, his best result at the Olympics was bronze in Rio and Tokyo. With the Paris Olympics around the corner in 2024, Al-Rashidi said he still has a long way to go before he decides to call it a day.

Persons: Kuwait's Abdullah Al, Rashidi, Anant Jeet Singh Naruka, Naruka, Rohith Nair, Christian Radnedge Organizations: Kuwaiti, Games, Paris Olympics, Olympic, Thomson Locations: Hangzhou, India, Rio, Tokyo, Al, Paris, Bengaluru

☆ Gulf stocks mixed amid rate hike woes; Egypt outperforms
▼ + stars: | 2023-09-24 | by ( Shamsuddin Mohd | ) www.reuters.com time to read: +1 min

The Qatari benchmark stock index (.QSI) fell 0.3%, dragged down by almost all the sectors with financials leading the declines. Qatar National Bank (QNBK.QA), the Gulf's biggest lender, was down 0.7% while heavyweight Commercial Bank (COMB.QA) dropped 1.3%. Kuwait's premier market index (.BKP) fell 1.6%, its 7th consecutive session of losses, as most of its constituents were in negative territory. Outside the Gulf, Egypt's blue-chip index (.EGX30), closed up 0.6%, hitting an all-time high. Reporting by Shamsuddin Mohd in Bengaluru; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Shamsuddin, Emelia Sithole Organizations: Federal, Gulf Cooperation, greenback, Qatar National Bank, Commercial Bank, Chemical Industries, Misr Fertilizer, Stock, UAE bourse, Thomson Locations: Abu, Saudi Arabia, UAE, Bengaluru

☆ This storm chaser captures stunning photographs of extreme weather
▼ + stars: | 2023-09-20 | by ( Nadia Leigh-Hewitson | ) edition.cnn.com time to read: +5 min

Ad FeedbackThough she is an accountant by trade, Sarah Hasan Al-Sayegh calls herself the first Kuwaiti-Arab female storm chaser. “Storm chasing made me see the world more,” she says. Al-Sayegh recalls that on May 31, 2016, she and fellow storm chaser Mike Olbinski came across a huge storm structure near Lamesa, Texas. She now hopes to expand her meteorological knowledge and raise awareness around climate change. “I just hope to be able to put that message to everybody through my photography and through my storm chasing,” Al-Sayegh says.

Persons: Sarah Hasan Al, Sayegh, ”, “, sandstorms, Storm Daniel, Mike Olbinski, “ Don’t, ” Al Organizations: CNN, UN, United Arab, Kuwait City Locations: Kuwaiti, Kuwait, East, North Africa, Iran, Iraq, Syria, Dubai, Libya, Saudi Arabia, United Arab Emirates, Qatar, Al, Lamesa , Texas, Gulf

☆ Saudi PIF-backed ADES prices IPO at top end, implying over $4 bln valuation
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

DUBAI, Sept 20 (Reuters) - Saudi oil and gas driller ADES Holding said on Wednesday it has set the final price for its initial public offering (IPO), implying a valuation of 15.242 billion riyals ($4.06 billion) for the Saudi sovereign wealth fund-backed firm. ADES confirmed the pricing for the IPO, saying it drew nearly $76.5 billion in orders from institutional investors. Its clients include state oil giant Saudi Aramco, Kuwait Oil Company and North Oil Company in Qatar. The four banks are also bookrunners and underwriters, joined by GIB Capital, HSBC, Al Rajhi Capital and Saudi Fransi Capital. Arab National Bank, Alrajhi Bank and Saudi National Bank are the receiving agents and Lazard is independent adviser to ADES.

Persons: ADES, EFG Hermes, Goldman Sachs, Lazard, Yousef Saba, Sonia Cheema Organizations: Reuters, Saudi Exchange, Kuwait Oil Company, North Oil Company, SNB, JPMorgan, underwriters, GIB Capital, HSBC, Al, Saudi Fransi Capital, Arab National Bank, Alrajhi Bank, Saudi National Bank, Thomson Locations: DUBAI, Saudi, Khobar, ADES, East, North Africa, India, Saudi Aramco, Qatar, Al Rajhi Capital

☆ GCC countries, US call for completion of demarcation of Kuwaiti-Iraqi maritime borders
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] U.S. Secretary of State Antony Blinken listens to Gulf Cooperation Council Secretary General Jasem Mohamed AlBudaiwi as they attend a breakfast with the Foreign Ministers of the Gulf Cooperation Council Nations, Monday, Sept. 18, 2023, in New York, U.S. Craig Ruttle/Pool via REUTERS/file photo Acquire Licensing RightsCAIRO, Sept 20 (Reuters) - Gulf Cooperation Council (GCC) countries and the U.S., in a joint statement on Wednesday, called for the completion of demarcation of Kuwaiti-Iraqi maritime borders "beyond boundary point 162". The statement comes after a meeting of GCC Arab foreign ministers, U.S. Secretary of State Antony Blinken and GCC Secretary-General Jasem al-Budaiwi in New York. They also called on the Iraqi government to "expeditiously resolve the domestic legal status of the 2012 Kuwait-Iraq Agreement to regulate maritime navigation in Khor Abdullah and ensure that the agreement remains in force." The joint statement also "called on Iraq and the UN to exert maximum efforts to reach a resolution of all the issues involved." Reporting by Enas ALashray, Muhammad Al Gebaly; Editing by Christopher Cushing and Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Antony Blinken, General Jasem Mohamed AlBudaiwi, Craig Ruttle, Jasem, Khor Abdullah, Enas ALashray, Muhammad Al Gebaly, Christopher Cushing, Jacqueline Wong Organizations: Cooperation, Foreign Ministers, Gulf Cooperation Council Nations, Rights, Gulf Cooperation Council, GCC, UN, United Nations, Thomson Locations: New York, U.S, Rights CAIRO, Kuwaiti, Iraqi, Kuwait, Iraq, Khor

☆ A Subtle Change for Biden
▼ + stars: | 2023-09-20 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com time to read: +3 min

These countries tend to be flawed democracies (like Brazil, India, Israel and Nigeria) or autocracies (like Saudi Arabia and Vietnam). If the U.S. suggests that only democracies are welcome in its alliance, that alliance will shrink. But, he added, Biden “has also been clear that in that larger effort, we need constructive relationships with countries of all different traditions and backgrounds.”The C.I.A. The U.S. strengthened its ties with Vietnam — which remains a one-party state — when Biden visited Hanoi this month. All of this may help explain the approach Biden took at the U.N. yesterday.

Persons: ” Walter Russell Mead, ” Mead, Biden, Peter Baker, Jake Sullivan, ” Sullivan, Biden “, Stalin, Saddam Hussein, Narendra Modi, Justin Trudeau, Canada’s, India’s, Edward Wong, Mark Mazzetti, ” Organizations: Washington, Hudson Institute, White House, autocracies, Stalin’s, Vietnam, Saudi Locations: Beijing, Brazil, India, Israel, Nigeria, Saudi Arabia, Vietnam, U.S, United States, Stalin’s Soviet, Kuwait, Europe, Japan, South Korea, China, British Columbia, Hanoi, Turkey, Hungary, Poland, Ukraine, Russia, Africa, Latin America, Southeast Asia

☆ Kuwait's finance ministry says cyber attack hits one of its systems
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: 1 min

DUBAI, Sept 18 (Reuters) - Kuwait's finance ministry said on Monday that one of its systems had suffered a cyber attack in the early morning but that the ministry continued to work normally. The ministry said in a statement that protection systems and procedures had been activated and "the level of the hacking attempt is being assessed." The salary transfers will not be affected, the ministry added. Reporting by Nayera Abdallah; Editing by Jon BoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Nayera Abdallah, Jon Boyle Organizations: Thomson Locations: DUBAI

☆ PSG give Lee green light to join South Korea Asian Games squad
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

Sept 15 (Reuters) - Paris St Germain (PSG) have agreed to let midfielder Lee Kang-in join up with South Korea's Asian Games squad during the group stage, the country's football association (KFA) said on Friday. Teams are under no obligation to release players for the Asian Games as the tournament falls outside FIFA's official window. The Games, which were postponed from 2022 due to the COVID-19 pandemic, run from Sept. 23 to Oct. 8 in Hangzhou, China. The men's soccer tournament begins on Sept. 19, with South Korea kicking off their campaign against Kuwait as they bid for a third straight gold medal. Reporting by Hritika Sharma in Hyderabad; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Lee Kang, KFA, Lee, Hritika Sharma, Peter Rutherford Organizations: Paris St Germain, PSG, Korea's Asian, Ligue, PSG's Champions League, Borussia Dortmund, Games, South, Real Mallorca, Thomson Locations: Paris, Hangzhou, China, South Korea, Kuwait, Thailand, Bahrain, Hyderabad

☆ Macy's-owned Bloomingdale's taps international exec Olivier Bron as its next CEO
▼ + stars: | 2023-09-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Shoppers walk past a Bloomingdale's store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022. With the move, the legacy retailer is adding an outside perspective and a dash of global flair to the higher-end department store. Bron, 46, is a French national who was most recently CEO of Central and Robinson department stores in Thailand. A 36-year veteran of Bloomingdale's, Spring became CEO-elect of the parent company Macy's in March. Macy's said Tuesday that it has tapped international retail executive Olivier Bron as the next CEO of its upscale department store, Bloomingdale's.

Persons: Bron, Tony Spring, Spring, Jeff Gennette, Macy's, Olivier Bron, Michael Gould, Beverly, Bloomingdale's, Nordstrom Organizations: Bain & Company, Central, Robinson, Bloomingdale's, Macy's, Beverly Hills Locations: SoHo, New York, Lafayette, Paris, Bron, French, Thailand, Dubai, Kuwait, Manhattan, New York City, Seattle, Macy's

A general view of a crude oil importing port in Qingdao, Shandong province, November 9, 2008. Many of the newer, complex refineries in Asia prefer medium sour crude as it offers a higher yield of middle distillates such as diesel and jet fuel. ALTERED FLOWSThe higher prices for medium crude grades is impacting the ways in which crude is flowing around the world. China's imports from Brazil are expected to reach 29.07 million barrels in September, which would be the highest in three years, according to Kpler. While Saudi Arabia may have been successful in boosting oil prices, it is also disrupting the markets and altering physical crude flows.

Persons: Brent, China doesn't, Simon Cameron, Moore Organizations: United Arab Emirates, Moscow, Kpler, Reuters, Thomson Locations: Qingdao, Shandong province, LAUNCESTON, Australia, Asia, Saudi Arabia, OPEC, Russia, East, Kuwait, Brent, Dubai, Ukraine, India, Iraq, China, Iran, Islamic Republic, United States, Brazil

☆ Portugal chalk up record win with 9-0 thrashing of Luxembourg
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

Sept 11 (Reuters) - Portugal enjoyed their biggest-ever win as they thumped Luxembourg 9-0 at Estadio Algarve on Monday to preserve their perfect record in Euro 2024 qualifying. Substitute Joao Felix secured the record victory with a goal two minutes from time after Goncalo Inacio, Goncalo Ramos, and Diogo Jota all scored twice. Portugal's previous record was 8-0, which they achieved three times - twice against Liechtenstein (1994 and 1999) and once versus Kuwait (2003). Portugal have won all six of their Group J matches under Roberto Martinez, who took over in January, scoring 24 goals with none conceded. The result matched the biggest-ever loss for Luxembourg, who have 10 points and are third, three points behind Slovakia.

Persons: Joao Felix, Goncalo Inacio, Goncalo Ramos, Diogo Jota, Ricardo Horta, Bruno Fernandes, Roberto Martinez, Tommy Lund, Ken Ferris Organizations: Estadio Algarve, Liechtenstein, Slovakia, Thomson Locations: Portugal, Luxembourg, Kuwait, Slovakia, Gdansk

☆ Morocco earthquake: Foreign offers of aid arrive
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +4 min

Sept 10 (Reuters) - Following are some of the offers of aid and support from foreign governments following the powerful earthquake that struck Morocco late on Friday. A unit from the Spanish Emergency Military Unit (UME) was set to fly to Morocco, Spanish television RTVE reported. FRANCEFrance stands ready to help Morocco but the government there has not yet requested it, a Foreign Ministry spokesperson said on Sunday. Separately, the Foreign Ministry said it was activating a fund of local government contributions to support solidarity actions. TAIWANTaiwan’s fire department said on Saturday it had put a team of 120 rescuers on standby to go to Morocco the moment they get instructions from Taiwan’s foreign ministry.

Persons: Jose Manuel Albares, Albares, ISRAEL Israel's Magen David Adom, Magen David Adom, Algeria's, Nawaf Al, Ahmad Al, Jaber, Frances Kerry, Elaine Hardcastle Organizations: Interior, Catalunya Radio, Moroccan, Spanish Emergency Military Unit, Foreign Ministry, Orange, Crescent, Ministry of Health, Israel Defense Forces, Sunday, Reuters, Thomson Locations: Morocco, TUNISIA Tunisia, SPAIN, Spain, Spanish, FRANCE France, Belgium, Poland, Romania, Slovakia, Moroccan, ALGERIA Algeria, TURKEY, AFAD, Turkish, Turkey, KUWAIT, Jaber Al, Sabah, TAIWAN

☆ Saudi Arabia is spending billions on sports, tech and everything in between for a post-oil world
▼ + stars: | 2023-09-10 | by ( Beatrice Nolan | Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Saudi Arabia sparked international outrage in 2018 after Washington Post columnist Jamal Khashoggi was murdered at the Saudi consulate in Istanbul, and continues to face accusations of human rights violations. Despite this, little has been able to stop Saudi Arabia from exerting more and more influence on the global stage. GettyImages/Unsplash/NeomLike many countries, Saudi Arabia's economy suffered when the pandemic struck in 2020, but the only way has been up since then. Chris Trotman/LIV Golf via Getty ImagesBoth at home and far away, Saudi Arabia hasn't shied away from investing boatloads of cash. The total hit 32.2 million in May with a median age of 29, according to Saudi Arabia's General Authority for Statistics.

Persons: Prince Mohammed Bin Salman, Jamal Khashoggi, It's, Ahmed Jadallah, Saudi Arabia's, Sergio Garcia, Chris Trotman, LIV, Saudi Arabia hasn't, Yasir Al, Jasmin Merdan, Abdullah Al, Prince Abdulaziz bin Salman al, Saud, JOE KLAMAR Organizations: Service, Washington Post, Bank, IMF, REUTERS, Saudi Aramco, King, King Abdullah Economic City, Getty, Public Investment Fund, MBS, Newcastle United, LIV, PGA, Saudi, Reuters, Saudi Arabia's, Authority, Statistics, Gulf States Energy, United Arab Emirates, Arab League Locations: Saudi Arabia, Wall, Silicon, Gulf, Saudi, Istanbul, Gulf Kingdom, Ahmed Jadallah Saudi Arabia, King Abdullah, Jasmin Merdan Saudi's, Riyadh, Arab, Vienna, AFP, Kuwait, UAE, Qatar

☆ Foreign reactions and offers of aid in response to Morocco earthquake
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +8 min

[1/6] A general view of damage in the historic city of Marrakech, following a powerful earthquake in Morocco, September 9. ****OFFERS OF FOREIGN AID AND SUPPORTALGERIAAlgeria, which broke off ties with Morocco two years ago, said it would open its air space for humanitarian and medical flights to Morocco. TURKEYThe Turkish Foreign Ministry said Ankara was ready to provide all kinds of support "to heal the wounds of the earthquake in Morocco". Valerie Pecresse, president of the Paris region, said on X it was offering 500,000 euros ($535,000)in aid for Morocco. -------------**** ASSISTANCE TO FOREIGN NATIONALSFRANCEThe French Foreign Ministry said its embassy in Morocco and the ministry in Paris have opened crisis centres "to respond to demands for information or help from our compatriots."

Persons: Abdelhak, Algeria's, Olaf Scholz, Antony Blinken, Valerie Pecresse, Benoit Payan, Jose Manuel Albares, Antonio Nogales, Eli Cohen, “, Israel's Magen David Adom, Magen David Adom, Kais Saied, Nawaf Al, Ahmad Al, Jaber, Marcel Ciolacu, NARENDRA MODI, VLADIMIR PUTIN, MOHAMMED VI, KRISTALINA GEORGIEVA, TAYYIP ERDOGAN, ANNALENA, EMMANUEL MACRON, FELIPE, Tomasz Janowski, Frances Kerry Organizations: REUTERS, Turkish Foreign Ministry, UNITED STATES Secretary, French Foreign Ministry, Morocco, Cote d'Azur, Orange, Spain's, Moroccan, ISRAEL, Crescent, Ministry of Health, Israel Defense Forces, INDIAN, IMF, Bank, MINISTRY, Facebook, Ministry of Foreign Affairs, Thomson Locations: Marrakech, Morocco, ALGERIA Algeria, Moroccan, TURKEY, Ankara, AFAD, Turkish, Turkey, GERMANY, New Delhi, Germany, United States, FRANCE, France, Paris, Marseille, Marseille's, Occitanie, Corsica, Provence, Alpes, Belgium, Poland, Romania, Slovakia, SPAIN, TUNISIA, Tunisian, KUWAIT, Jaber Al, Sabah, ROMANIA, TAIWAN, Algeria, Kingdom of Morocco, EMIRATES, German, Rabat

☆ Saudi Arabia's STC Group acquires 9.9% stake in Telefonica
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

The logo of Spanish Telecom company Telefonica is seen next to a traffic ligth at its headquarters in Madrid, Spain, May 12, 2021. REUTERS/Sergio Perez/File Photo Acquire Licensing RightsLONDON, Sept 5 (Reuters) - Saudi Arabia's STC Group has amassed a 9.9% stake in Spanish telecoms giant Telefonica (TEF.MC) for 2.1 billion euros ($2.25 billion) in shares and financial instruments, STC said on Tuesday. STC does not intend to acquire majority control of Telefonica, it added in a statement. STC is Saudi Arabia's largest telecoms operator and also owns subsidies and has stakes in companies operating in Kuwait and Bahrain. It is 64% owned by Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), the main engine of Crown Prince Mohammed bin Salman's Vision 2030 to wean the economy off its dependence on oil.

Persons: Sergio Perez, Prince Mohammed bin Salman's, Pablo Mayo Cerqueiro, Jonathan Oatis, Richard Chang Organizations: Spanish Telecom, Telefonica, REUTERS, Saudi Arabia's, Saudi, Public Investment Fund, Thomson Locations: Madrid, Spain, Kuwait, Bahrain, Saudi, Europe

Saudi Arabia has spearheaded efforts to support prices, making large voluntary output cuts as part of a production deal agreed by the OPEC+ producer group comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia. Saudi Arabia's previous announcements have come ahead of its official selling prices, which typically emerge in the first week of the month. Russian Deputy Prime Minister Alexander Novak, meanwhile, has said that Moscow had agreed with OPEC+ partners on the parameters for continued export cuts in October. Saudi Arabia and Russia could withdraw the cuts at any point, said OANDA analyst Craig Erlam, "but I can't imagine they'll be in any rush and risk sending the price tumbling again." The oil market is vulnerable to price spikes due to low inventories and underinvestment in new oilfields, a senior official at global commodities trading firm Trafigura (TRAFGF.UL) said on Monday.

Persons: Alexander Novak, Craig Erlam, Brent, Russell Hardy, Xi, John Evans, Stephanie Kelly, Paul Carsten, Natalie Grover, Mohi Narayan, Yousef Saba, Andrew Hayley, Jason Neely, David Goodman, Mike Harrison Organizations: Companies, U.S . Federal, of, Petroleum, Saudi, . West Texas, . U.S, Federal, Thomson Locations: Companies Saudi Arabia, Russia, Saudi Arabia, OPEC, Moscow, India, Kuwait, Jizan, Oman, China, ., New York, London, New Delhi, Dubai, Beijing

LONDON, Sept 4 (Reuters) - Oil prices were stable on Monday amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy. Both contracts ended last week at their highest in more than half a year, after two previous weeks of losses. "Crude oil prices have been primarily driven by the anticipation of additional supply cuts from major oil-producing nations, Russia and Saudi Arabia," said Sugandha Sachdeva, executive vice president and chief strategist at Acme Investment Advisors. Saudi Arabia is expected to roll over a voluntary 1-million-barrel per day (bpd) cut into October. Saudi Arabia's previous announcements on its voluntary cut extension came ahead of its official selling prices, which typically come out in the first week of the month.

Persons: Sugandha Sachdeva, Sachdeva, Alexander Novak, Russell Hardy, Paul Carsten, Mohi Narayan, Yousef Saba, Andrew Hayley, Simon Clarence Fernandez, Jason Neely Organizations: Federal Reserve, Brent, . West Texas, Acme Investment Advisors, Saudi, Russia, Organization of, Petroleum, Reserve, PMI, Investors, Thomson Locations: U.S, Russia, Saudi Arabia, India, Kuwait, Jizan, Oman, China, London, New Delhi, Dubai, Beijing

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