WARSAW: Poles are voting Sunday in a presidential election at a time of heightened security concerns stemming from the ongoing war in neighboring Ukraine and growing worry that the US commitment to Europe’s security could be weakening under President Donald Trump.
The top two front-runners are Warsaw Mayor Rafał Trzaskowski, a liberal allied with Prime Minister Donald Tusk, and Karol Nawrocki, a conservative historian with no prior political experience who is supported by the national conservative Law and Justice party.
Recent opinion polls show Trzaskowski with around 30 percent support and Nawrocki in the mid-20s. A second round between the two is widely expected to take place on June 1.
The election is also a test of the strength of other forces, including the far right.
Sławomir Mentzen, a hard-right candidate who blends populist MAGA rhetoric with libertarian economics and a critical stance toward the European Union, has been polling in third place.
Ten other candidates are also on the ballot. With such a crowded field and a requirement that a candidate receive more than 50 percent of the vote to win outright, a second round seemed all but inevitable.
Polling stations opened at 7 a.m. (0500GMT) and close at 9 p.m. (1900GMT). Exit polls will be released when voting ends, with results expected by Tuesday, possibly Monday.
Polish authorities have reported attempts at foreign interference during the campaign, including denial-of-service attacks targeting parties in Tusk’s coalition on Friday and allegations by a state research institute that political ads on Facebook were funded from abroad.
Although Poland’s prime minister and parliament hold primary authority over domestic policy, the presidency carries substantial power. The president serves as commander of the armed forces, plays a role in foreign and security policy, and can veto legislation.
The conservative outgoing president, Andrzej Duda, has repeatedly used that power over more than the past year to hamper Tusk’s agenda, for example blocking ambassadorial nominations and using his veto power to resist reversing judicial and media changes made during Law and Justice’s time in power from 2015 to late 2023.
A Trzaskowski victory could be expected to end such a standoff. He has pledged to support reforms to the courts and public media, both of which critics say were politicized under Law and Justice. Tusk’s opponents say he has also politicized public media.
Nawrocki, who leads a state historical institute, has positioned himself as a defender of conservative values and national sovereignty.
Poles vote for a new president as security concerns loom large
https://arab.news/59aks
Poles vote for a new president as security concerns loom large
Saudi Arabia conclude preparations ahead of decisive Gold Cup clash with Trinidad and Tobago
- A win against the Caribbean side would guarantee the Green Falcons a place in the knockout stage
LAS VEGAS: Saudi Arabia’s national football team have completed final preparations ahead of their crucial CONCACAF Gold Cup clash with Trinidad and Tobago on Monday.
The Green Falcons trained at Allegiant Stadium in Las Vegas, where the match — which kicks off in the early hours of the morning in Saudi Arabia — will be played.
The training session was led by head coach Herve Renard, while midfielder Muhannad Al-Saad continued his rehabilitation program under the supervision of the team’s medical staff.
Saudi Arabia sit second in Group D, having lost narrowly to the US and beaten Haiti in their previous matches.
A win against Trinidad and Tobago would guarantee the Green Falcons a place in the knockout stage.
A draw could still be enough to progress, but only if Haiti fail to upset group leaders US in the other final-round fixture.
Saudi art returns to Concentrico festival in Spain
DHAHRAN: The King Abdulaziz Center for World Culture, known as Ithra, returns with more Saudi-inspired art for the second year at the Concentrico International Festival of Architecture and Design in Spain.
The installation will be open to the public at Plaza de la Diversidad in Logrono until June 24.
This year, Ithra presents “Rooted in Warmth” by Saudi multimedia artist Raghad Al-Ahmed, alongside a sensory experience, “Summer Blessings,” by Saudi visual narrative studio Nclass.
Visitors are encouraged to interact with and even climb the structure to experience the connection between agriculture and community ties to nature.
The installation was created with more than 50 women artisans from Jouf, northern Saudi Arabia, inspired by Al-Ahmed’s roots in the Hejazi community, particularly Taif, where gatherings under tree shade are part of rural life.
The sensory experience “Summer Blessings” complements “Rooted in Warmth” by showcasing the diversity of local fruits and herbs.
Noura Al-Zamil, head of programs at Ithra, said: “We are proud to present Raghad Al-Ahmed’s work at Concentrico. Showcasing it at a leading European design festival reflects Ithra’s ongoing efforts to support creative expression.
“This initiative provides a platform for Saudi artists and artisans to share their work globally, enriching the cultural landscape. ‘Rooted in Warmth,’ combining personal and national identity with contemporary art, will encourage cross-cultural dialogue at the festival,” she added.
After its debut in Spain, “Rooted in Warmth” will be exhibited in Saudi Arabia as part of Tanween 2025 later this year.
Tanween, Ithra’s annual design event, highlights global design excellence and promotes creative innovation.
Closing Bell: Saudi main index edges down 0.34% to close at 10,574
RIYADH: Saudi Arabia’s Tadawul All Share Index edged lower on Sunday, falling 36.44 points, or 0.34 percent, to close at 10,574.27.
Total trading turnover reached SR3.72 billion ($991 million), with 134 stocks posting gains and 102 declining.
The Kingdom’s parallel market, Nomu, also recorded a slight dip, losing 27.14 points, or 0.10 percent, to settle at 26,148.69, as 34 stocks advanced and 39 retreated. Meanwhile, the MSCI Tadawul 30 Index dropped 5.34 points, or 0.39 percent, to finish at 1,361.80.
Alistithmar AREIC Diversified REIT Fund was the best-performing stock of the session, with its share price rising 10 percent to SR8.25. Al Sagr Cooperative Insurance Co. followed with a 9.96 percent increase to SR12.36, while Knowledge Economic City climbed 5.36 percent to close at SR12.98.
On the losing side, Retal Urban Development Co. saw the steepest decline, falling 5.10 percent to SR13.02. Flynas Co. dropped 4.13 percent to SR74.20, and Saudi Chemical Co. declined 3.85 percent to SR6.24.
Shares of Hawiya Identity Auctions began trading on Nomu at SR13 per share. According to a Tadawul statement, the offering comprised 2.4 million shares, with Derayah Financial Co. acting as lead manager.
Gas Arabian Services Co. announced the signing of a joint venture agreement with Italy’s BONOMI Co. to establish a valve manufacturing company in the Kingdom.
The new company will have a capital of SR5 million, with BONOMI holding a 60 percent stake and Gas Arabian Services owning 40 percent.
The Saudi firm will fund its SR2 million share from internal resources. The deal is expected to have a long-term positive financial impact, though it remains subject to regulatory approvals and the fulfillment of conditions outlined in the agreement. Gas Arabian Services shares closed at SR15, up 0.40 percent.
Mayar Holding Co. revealed that its subsidiary, NewPlast Co., has signed a two-year memorandum of understanding with Avant Sports to produce plastic chairs for sports stadiums.
The chairs will be manufactured at NewPlast’s Riyadh facility and will meet international and FIFA standards. The agreement supports Mayar’s commitment to localizing specialized industries in line with Vision 2030 goals.
Palestinian Authority considers phasing out shekel as Israeli banks refuse to accept surplus
- Israeli banks’ refusal to accept the transfer of surplus shekels means fewer foreign currencies that are necessary for commerce and business
- Israel’s finance minister in June ended a waiver that allowed Israeli banks to engage with Palestinian ones without being scrutinized for money laundering and financing extremism
LONDON: The Palestinian Authority is considering replacing the Israeli shekel as the primary currency in circulation due to its increasing accumulation in the banks.
The Palestine Monetary Authority announced on Sunday that it has taken significant steps to address the growing accumulation of shekels in Palestinian banks after Israeli banks’ continuing refusal to accept the transfer of surplus shekels in exchange for foreign currencies necessary for commerce and business.
The PMA is considering alternative options, including a shift away from using the shekel as the primary currency in circulation, the Wafa news agency reported.
In early June, Israeli Finance Minister Bezalel Smotrich ended a waiver that allowed Israeli banks to engage with Palestinian banks without being scrutinized for money laundering and financing extremism.
Smotrich, who has been outspoken about weakening the Palestinian Authority and opposes the establishment of a Palestinian state, made this decision shortly after being sanctioned by the UK and four European countries for inciting violence in the occupied West Bank.
The PMA said it aims to create a more resilient and sustainable digital economy in Palestine and has consulted various economic sectors and the Union of Chambers of Commerce, Industry, and Agriculture before it makes a final decision. Alongside phasing out the Israeli shekel, the PMA studied digital payment strategies to avoid shekel accumulation in Palestinian banks, Wafa reported.
Saudi culture sector to triple GDP share to $48bn by 2030, says minister
JEDDAH: Saudi Arabia plans to raise the cultural sector’s contribution to gross domestic product to 3 percent — or SR180 billion ($48 billion) — by 2030, up from under 1 percent, according to Minister of Culture Prince Badr bin Abdullah bin Farhan.
In an interview with Al-Eqtisadiah, the minister said the sector has already surpassed its previous 0.91 percent GDP share, with Vision 2030 targets being met ahead of schedule.
“Vision 2030 forms the foundation of the Ministry of Culture’s strategy and direction,” he said.
“By 2030, we envision a cultural environment that nurtures talent, encourages innovation both locally and internationally, and supports the flourishing of creative and cultural enterprises.” Prince Badr said in the interview.
“Ultimately, our goal is to increase the sector’s contribution to GDP to 3 percent, equivalent to SR180 billion,” he said. “This represents the core mission of the Ministry of Culture and its affiliated bodies in driving an ambitious cultural transformation.”
Since the ministry’s founding in 2018, employment in the sector has jumped 318 percent, while the number of cultural graduates reached 28,800 in 2024, up 79 percent from 2018. The ministry has also issued over 9,000 licenses, while cultural associations and amateur clubs surged from 28 to 993.
“One notable outcome is the increase in the percentage of citizens who believe culture is important—from under 70 percent to 92 percent,” Prince Badr said. The ministry also oversees national celebrations such as Founding Day and Flag Day and has documented 9,317 antiquities sites and 25,000 urban heritage locations.
Saudi Arabia has now met its Vision 2030 target of having eight UNESCO World Heritage sites, with Al-Faw joining the list in 2024. Cultural event attendance exceeded 23.5 million between 2021 and 2024, and major festivals such as the Red Sea Film Festival and Islamic Arts Biennale have become global draws.
The Cultural Scholarship Program has awarded scholarships to 1,222 students studying at over 120 institutions across countries, including the US, the UK, and France. The program’s flexible design — no age limit or required academic background — has broadened participation. “Today, scholarship recipients are pursuing degrees in fields such as music, theater, and visual arts,” the minister said.
Through the Cultural Development Fund, the ministry has disbursed SR377 million to more than 120 projects. “Key areas of growth include heritage, music, and fashion. More than 1,200 creatives and entrepreneurs have benefited from its development services,” he added.
“Globally, there is increasing recognition of culture’s role in sustainable economic value creation,” the minister said. “Our role is to preserve and promote cultural identity while making it accessible and economically valuable.”
