Saudi Arabia’s Public Investment Fund launches electric vehicle infrastructure company

PIF said on Sunday that it has partnered with SEC to launch an electric vehicle infrastructure company. (PIF)
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Updated 08 October 2023
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Saudi Arabia’s Public Investment Fund launches electric vehicle infrastructure company

  • Company plans to establish its presence in more than 1,000 locations, installing over 5,000 fast chargers across Saudi Arabia by 2030

RIYADH: Saudi Arabia’s Public Investment Fund said on Sunday that it has partnered with the Saudi Electricity Company (SEC) to launch an electric vehicle infrastructure company.
“PIF will own a 75 percent stake in the Company, while SEC will hold the remaining 25 percent stake,” the soveriegn wealth fund said in a statement.

The company aims to deliver the best electric vehicle fast-charging infrastructure across Saudi Arabia, further unlocking the local automotive ecosystem and accelerating the adoption of electric vehicles.

It plans to establish a presence in more than 1,000 locations, installing over 5,000 fast chargers by 2030 in cities across the Kingdom and on the roads that connect them, in line with applicable regulations and standards.

It aims to enhance Saudi Arabia’s automotive ecosystem, through collaboration with electric vehicle companies, by supplying the necessary charging stations to meet future demand.

It also aims to promote private sector participation in the development of its network of charging stations and support the localization of research,development, and manufacturing of technologically advanced materials, ultimately building domestic expertise and resilience.

The co-Head of MENA Direct Investments at PIF, Omar Al-Madhi, said: “The Electric Vehicle Infrastructure Company will spearhead the EV transition by deploying best-in-class, widely available EV charging infrastructure to drive the growth of the EV ecosystem. 

Through our partnership with SEC, we will be able to accelerate the creation of synergies across the EV supply chain, driving economic growth and diversification in line with Vision 2030, and positioning Saudi Arabia as a leader in the new electrified era of the automotive industry.” 

The chief executive officer at SEC, Khalid bin Hamad Al-Gnoon, said: “SEC, as part of the nation’s wider energy ecosystem, develops and implements strategies that aim to enhance Saudi Arabia’s position as a sustainable energy leader, in line with the Kingdom’s efforts to promote advanced energy solutions and increase the value added by the energy sector.”

The launch of the company is in line with PIF’s strategy to expand Saudi Arabia’s automotive capabilities to promote the country’s competitiveness on the world stage, and position it as a global leader.

It will aim to further Saudi Arabia’s economic diversification efforts, driving non-oil GDP growth and creating new jobs.  


Pakistan PM expresses sorrow as deadly accident kills 11 of a family

Updated 6 min 26 sec ago
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Pakistan PM expresses sorrow as deadly accident kills 11 of a family

  • Deadly accident occurred on Saturday when passenger van collided with truck on Muzaffargarh-Mianwali Highway 
  • PM wishes speedy recovery for injured, directs authorities to provide “immediate medical treatment” to them

ISLAMABAD: Prime Minister Shehbaz Sharif expressed deep sorrow and grief over an accident this week that killed 11 of a family and injured 10 others, the state-run Associated Press of Pakistan (APP) reported on Sunday. 

The incident took place on the Muzaffargarh-Mianwali Highway on Saturday when a passenger van en route to Multan from Bhakkar collided with a truck. The accident resulted in the deaths of five men, three women and three children. 

All 11 deceased were members of the same family, rescue officials confirmed, adding that they were traveling to visit relatives when the accident occurred. 

“Prime Minister Muhammad Shehbaz Sharif has expressed his deep grief and sorrow over the deaths of eleven members of a family in a traffic mishap on Muzaffargarh-Mianwali Highway,” APP said. 

“The prime minister also wished speedy recovery of the injured and directed for the provision of immediate medical treatment to them.”

Road accidents are common in Pakistan, where traffic rules are rarely followed and roads, particularly in many rural areas, are in poor condition. In the mountainous Gilgit-Baltistan region, road tragedies are daily news. 


Jrue Holiday’s finishing flurry helps Celtics beat Pacers 114-111 for 3-0 lead in East finals

Updated 3 min 35 sec ago
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Jrue Holiday’s finishing flurry helps Celtics beat Pacers 114-111 for 3-0 lead in East finals

  • Boston can clinch their second NBA Finals trip in three seasons with a Game 4 win Monday in Indianapolis
  • Holiday played despite being listed as questionable with an illness unrelated to COVID-19 and missing the morning shootaround

INDIANAPOLIS: Jrue Holiday overcame an illness to convert the go-ahead three-point play with 38 seconds left, then make the game-saving steal to help the Boston Celtics rally from an 18-point deficit to beat the Indiana Pacers 114-111 on Saturday night for a 3-0 lead in the Eastern Conference finals.

Boston can clinch their second NBA Finals trip in three seasons with a Game 4 win Monday in Indianapolis.

Jayson Tatum matched his playoff career high with 36 points and had 10 rebounds and eight assists. Jaylen Brown added 24 points and Al Horford had 23 points and seven 3-pointers as the Celtics won their sixth straight playoff game and stayed unbeaten on the road this postseason.

Holiday played despite being listed as questionable with an illness unrelated to COVID-19 and missing the morning shootaround.

“For him to come out here and put it all on the line for us and come up with a big play to win the game, we’ve got a hell of a team,” Tatum said in his postgame TV interview.

Andrew Nembhard led the Pacers with a career-high 30 points before Holiday stole the ball from him with 3.3 seconds remaining. T.J. McConnell finished with 23 points, nine rebounds and six assists, while Myles Turner and Pascal Siakam each had 22 points.

Indiana played without All-NBA guard Tyrese Haliburton, who sat out with a left hamstring injury, and certainly missed him as Boston closed the game on a 13-2 run. It’s the first loss in seven postseason home games for the Pacers.

The sellout crowd, decked out primarily in gold checkered flag shirts featuring dozens of individual stamps of Indiana’s state outline as part of the Indianapolis 500 weekend celebration, helped inject energy with Haliburton out.

But the crowd was quieted by Holiday’s big layup, the ensuing free throw and the defensive play of the game. He closed it out by making two free throws with 1.1 seconds to go.

Indiana had a chance to force overtime but Aaron Nesmith’s 3-pointer was off the mark.

It was a wild game, with Indiana taking an 18-point lead midway through the second quarter and again midway through the third. But Boston responded the second time by forcing a flurry of turnovers that it turned into a 13-4 spurt to close to 90-81 after three quarters.

The Celtics were just getting started. Boston opened the fourth quarter on a 9-3 run that cut it to 93-90 on a 3 from Horford with 8:29 to play.

Then, after Indiana rebuilt a 107-99 cushion with 3:05 left, Boston closed the game on the 13-2 run that sealed its fifth consecutive road victory in these playoffs.


WWE’s epic SmackDown and King And Queen showdowns shake up Jeddah

Updated 25 min 26 sec ago
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WWE’s epic SmackDown and King And Queen showdowns shake up Jeddah

JEDDAH: WWE’s epic SmackDown and King and Queen showdown shook up Jeddah on Saturday night.
WWE star Randy Orton was defeated by Gunther and was crowned King of the Ring. 


Wrestler Nye Jax achieved the title of Queen of the Ring in the women’s category, after defeating Lyra Valkyrie. 
Over 20,000 fans filled up the arena to watch Liv Morgan retain her WWE world champion belt after defeating Becky Lynch. 
In a match for the undisputed WWE championship belt, Cody Rhodes defeated American YouTuber and boxer Logan Paul.


Ten fan parks to broadcast iconic India-Pakistan T20 World Cup clash— ICC 

Updated 28 min 51 sec ago
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Ten fan parks to broadcast iconic India-Pakistan T20 World Cup clash— ICC 

  • Fan parks in New York, Birmingham, Rawalpindi, New Delhi and South Africa to broadcast India-Pakistan match on June 9
  • Political tensions between nuclear-armed neighbors India and Pakistan make their cricket rivalry one of sports’ fiercest ones 

ISLAMABAD: Cricket fans in India, Pakistan, the United States and South Africa would be able to enjoy the iconic India-Pakistan T20 World Cup clash on June 9 in ten different fan parks in their countries, the International Cricket Council (ICC) said this week. 

The ICC has announced that this year’s World Cup matches will be broadcast in fan parks where people will watch the action live on huge screens with live entertainment including DJs, food and drink outlets, cricket ambassadors and family activities. In total, 23 matches will be shown across 16 fan parks in five countries next month. 

Political tensions between nuclear-armed neighbors India and Pakistan make their cricket matches a spectacle to watch for millions of fans across the globe. Diplomatic rows between the two countries mean they only play each other in other countries and only at international tournaments. Both haven’t played each other in a bilateral series since several years. 

Pakistan captain Babar Azam will lead his side against Rohit Sharma’s India on June 9 in New York as both Group A teams lock horns in the ICC T20 World Cup fixture. The match will be broadcast in several fan parks across the world, the ICC said. 

“Ten different fan parks will show the Group A game between India and Pakistan, including Cedar Creek Park, Seaford, New York hosted by Nassau County, the Indira Gandhi Indoor Arena in New Delhi, India and Rawalpindi Cricket Stadium in Pakistan,” the ICC said in a statement on Saturday. 

In New York City, the Oculus World Trade Center is one of the standout venues, with the fan park showing 18 matches on 10 different dates, including the highly anticipated final on June 29.

“We are thrilled to be able to bring communities together through broadcasting the ICC Men’s T20 World Cup 2024 in a record number of fan parks,” ICC Head of Events Chris Tetley said in a statement. 

“These parks are designed to make the sport more accessible and enjoyable, allowing fans of all ages to experience a T20 World Cup like never before,” Tetley added.

Pakistan beat India by 10 wickets during their T20 World Cup clash in 2021 but the blue shirts exacted revenge on their traditional rivals next year, beating Pakistan by four wickets courtesy of a fighting half-century by former Indian skipper Virat Kohli. 


Pakistan reports third polio case of 2024 from southwestern Balochistan province

Updated 26 May 2024
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Pakistan reports third polio case of 2024 from southwestern Balochistan province

  • Virus detected in stool samples from child in southwestern Killa Abdullah district, says state media 
  • Pakistan and Afghanistan remain only two countries in the world where polio remains endemic

ISLAMABAD: Pakistani authorities reported the third poliovirus case of the current year on Saturday, state-run media reported, as Islamabad struggles to contain the crippling disease despite nationwide vaccination and awareness campaigns. 

The latest polio case was reported from Pakistan’s southwestern Killa Abdullah district on Saturday, the Associated Press of Pakistan (APP) said in a report. The virus was detected in stool samples collected from a child in the Darozai union council of Killa Abdullah district, the report said, adding that he had developed symptoms of paralysis on April 20.

Pakistan and Afghanistan are the only two countries in the world where the poliovirus, which causes paralysis and can be a life-threatening disease, is endemic.

“It is incredibly tragic that another child has been affected by polio this year in Balochistan,” Dr. Malik Mukhtar Ahmed Bharath, coordinator to the prime minister on national health services, said. 

Dr. Bharath said polio is a terrible disease that affects not only the life of the child but their family as well. He said the government was bringing vaccines to the citizens’ doorsteps, urging them to avail the opportunity. 

“I urge families to understand the risk this disease poses to children and make sure that they vaccinate all their children under the age of five when the polio worker shows up to their homes,” he said. 

This is the third polio case of the year reported from Pakistan’s southwestern Balochistan province and the first reported from Killa Abdullah after three years.

Last year, six polio cases were reported in the country which included four from the northwestern Khyber Pakhtunkhwa (KP) province and two from the southern port city of Karachi.

Pakistan’s efforts to contain polio have often been met with opposition, especially in KP, where militants have carried out attacks against vaccinators and security teams guarding them. 

Many believe in the conspiracy theory that polio vaccines are part of a plot by Western outsiders to sterilize Pakistan’s population.

Pakistani masses’ doubts regarding polio campaigns were exacerbated in 2011 when the US Central Intelligence Agency set up a fake hepatitis vaccination program to gather intelligence on former Al-Qaeda chief Osama bin Laden.