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July Record: Saudi Holdings Of US Treasuries Rise By $2.4bn

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Saudi Arabia’s holdings of US Treasury bonds rose by $2.4 billion in July compared to June 2022, the US Treasury data showed.

It indicated that the Saudi holdings of the bonds increased to $121.6 billion in July as compared to $119.2 billion the previous month. The data showed that the month-on-month rise in US Treasuries had been the highest since September 2021.

The Kingdom ranked 16th globally in the list of the largest investors in US Treasury bonds by the end of July, while Japan topped the list with a total of $1.234 trillion, followed by China with investments worth $970 billion.

However, the Saudi holdings increased nominally than the previous month when it jumped by $4.5 billion month-on-month.

Since the beginning of 2022, Saudi holdings of the US Treasuries have been fluctuating. It rose by $0.4 billion in January, fell by $2.7 billion in February, went down by $1.2 billion in March, moved up by $0.2 billion in April, and again fell by $0.1 billion in May, and proceeded to rise in the next two months.

“Since US Treasuries market is the most liquid market in the world hence the most reliable to park funds,” Al-Fawaz told newsmen.

Long-term bonds amounted to $105.6 billion making up 87 percent of the total US Treasuries held by the Kingdom in July. While the short-term bonds were valued at $16 billion in July amounting to 13 percent of the total US Treasuries.

The US Treasuries held by foreign countries amounted to $7.5 trillion in July 2022, showed the data.

Full House In Eagles’ Camp In Constantine As Team Looks Forward To Big Clash

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The Super Eagles’ camp at the Marriott Constantine hit the hundred per cent mark on Wednesday afternoon with the arrival of goalkeeper Francis Uzoho and defender Ebube Duru.

Nigeria champions Rivers’ United left-back Duru was called up following injuries to a number of players including defender Leon Balogun, and joined the team on Wednesday after returning from Liberia where the Pride of Rivers reached the penultimate stage of this year’s CAF Champions League group phase.

Team captain Ahmed Musa and forwards Henry Onyekuru and Samuel Chukwueze are the others knocked out by injuries.

Head Coach José Santos Peseiro has approved that the three-time African champions have a training game against Algeria’s ‘B’ squad on Saturday in order to see a number of new and returning players in action, ahead of the official game against the Fennecs (Algeria’s ‘A’ team) in Oran on Tuesday evening.

The match against Algeria’s ‘B’ squad will start at 5.30pm on Saturday while the official game on Tuesday will commence at 8pm.

Goalkeeper Maduka Okoye, defender Kevin Akpoguma, midfielder Wilfred Ndidi and forward Chidera Ejuke are returning to the squad after some period out, while midfielder Richard Onyedika and forward Godwin Saviour are joining up with the big boys for the first time.

Israel –based goalkeeper Adeleye Adebayo was in the squad for summer’s AFCON qualifying matches against Sierra Leone and Sao Tome and Principe but did not see action.

Tuesday’s clash will be only the second-ever friendly match between the Fennecs and the Super Eagles, with the two-time African champions edging a clash in Austria in October 2020 by the odd goal.

When both teams clashed in a 2006 FIFA World Cup qualifying match in Oran in September 2005, the Super Eagles ran out 5-2 winners.  

PHOTO 1: Players relax after the first training session in Constantine on Tuesday

PHOTO 2: Coach Peseiro takes charge of Moses Simon watches  

ALL THE PLAYERS:

Goalkeepers: Francis Uzoho, Maduka Okoye, Adeleye Adebayo

Defenders: William Ekong, Kenneth Omeruo, Chidozie Awaziem, Olaoluwa Aina, Calvin Bassey, Zaidu Sanusi, Kevin Akpoguma, Valentine Ozornwafor, Ebube Duru

Midfielders: Wilfred Ndidi, Frank Onyeka, Alex Iwobi, Richard Onyedika

Forwards: Kelechi Iheanacho, Moses Simon, Godwin Saviour, Ademola Lookman, Taiwo Awoniyi, Chidera Ejuke, Cyriel Dessers, Terem Moffi  

 Nations League Games Offer European Teams Last Chance To Prepare For World Cup

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Holding the World Cup in the middle of the European season is having major consequences for clubs and coaches of national teams.

A hectic schedule of club football ahead of the World Cup is interrupted this week as national teams get a last chance to fine-tune their preparations before travelling to Qatar for the start of the tournament on Nov. 20  

Holding the World Cup in the middle of the European season is having major consequences for clubs but also for coaches of national teams.

While domestic competitions bear the brunt of the upheaval to the calendar as they are forced to halt a week before the opening game in Qatar, that also means there will be next to no time for national squads to work together before beginning their World Cup campaigns.

Extra importance is therefore placed on events over the next week, as European sides complete the Uefa Nations League group stage while other contenders play friendly matches, including back-to-back games for Brazil on French soil against Ghana and Tunisia.

Reigning world champions France are preparing to defend the crown they won in Russia in 2018 while simultaneously trying to avoid being relegated from the top tier of the Nations League.

Les Bleus, the 2021 Nations League winners, host Austria on Thursday and visit Denmark on Sunday needing to beat both to be sure of remaining in League A.

But France coach Didier Deschamps has numerous issues, not least injuries to key players including Paul Pogba – he is recovering from a knee operation which has left him facing a race against time to be fit for Qatar.

“He will do everything to try to be fit as quickly as possible, despite the lack of time,” Deschamps told broadcaster TF1 on Sunday.

It is also too early to say if a dispute between Kylian Mbappe and the French Football Federation over image rights could impact squad morale, with the Paris Saint-Germain star refusing to take part in a photoshoot on Monday.

France’s latest squad features several new faces who are hoping to seize their chance to impress before final lists must be submitted to Fifa by Nov 13.

Likewise, England manager Gareth Southgate has handed an opportunity to Brentford forward Ivan Toney as the Euro 2020 runners-up play Italy and Germany in Nations League Group A3.

Like France, England suffered a series of poor results in June and so realistically need to win both of these games to avoid relegation to League B.

But Southgate will run the rule over an expanded 28-man squad with Qatar in mind.

“Part of the rationale is that we are very close to a World Cup and we feel, although our results were disappointing in the summer, we have picked on the basis of form and capability over a long period,” Southgate said last week.

Spain and Cristiano Ronaldo’s Portugal will warm up for the World Cup by meeting in Braga on next Tuesday in a game that could decide which of the Iberian neighbours advances to the Nations League Finals next June.

Meanwhile, fresh from signing a new four-year deal, Wales manager Robert Page has named Los Angeles FC’s Gareth Bale in his squad for games against Belgium and Poland.

Wales look set to be relegated from their Nations League group too, but that is not something that will concern them too much before they return to the World Cup stage for the first time since 1958.

Israeli Prime Minister Commends Restoration Of Full Diplomatic Ties With Turkey

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Israel’s prime minister has met with Turkey’s president for the first time in 14 years, the latest sign of warming ties between the two regional powers after a long and bitter rift.

The office of Israeli Prime Minister Yair Lapid said he met with Turkish President Recep Tayyip Erdogan on Tuesday, on the sidelines of the United Nations General Assembly, the largest annual gathering of world leaders now underway in New York.

In his meeting with Erdogan, Lapid said he “commended” the recent restoration of full diplomatic ties between the countries and the appointment this week of a new Israeli ambassador to Turkey.

The scene of Lapid, the Israeli caretaker prime minister until new elections in November, warmly greeting Erdogan could serve to bolster his diplomatic credentials as an alternative to Israel’s longtime former Prime Minister Benjamin Netanyahu.

Erdogan has shown a willingness for warmer ties since Netanyahu left office last year.

Over years of strained relations, Erdogan has been an outspoken critic of Israeli policy toward the Palestinians.

Israel, in turn, has objected to Turkey’s embrace of the Palestinian militant group Hamas, which rules the Gaza Strip.

Ballon d’Or Introduces Brazil’s Socrates Award For Players 

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The Ballon d’Or organisers said on Wednesday they are adding a humanitarian prize to this year’s ceremony named for Socrates the elegant Brazil midfielder, who also held a medical degree.

“The Socrates Prize will identify the best social initiative by committed champions,” said a statement from France Football magazine, which awards the Ballon d’Or.

These initiatives will include those promoting social integration, protection of the environment or aid to groups who are disadvantaged, threatened or victims of conflict. France Football said they chose Socrates, who died in 2011 aged 57, because of his commitment to a campaign he helped organise at his club, Corinthians in Sao Paulo, while Brazil was under a military dictatorship called “Corinthian Democracy”.

While they were warned to stop interfering in political affairs, the players escaped unpunished because of their high profile and because they focused on introducing democracy only at their club, insisting there was a vote on decisions on how the club was run.

The prize will be awarded by a jury that includes former Brazil and Paris Saint-Germain midfielder Rai, who is Socrates’ younger brother, as well as representatives of France Football and leaders of the Monaco-based Peace and Sport organisation.

“Socrates always believed in the power of sport to mobilise and transform society to make it more equal,” said Rai in a statement.

“He demonstrated this as a player through his fight for the re-democratisation of Brazil.

“Eleven years after his death, he remains the symbol of the champion committed to a more just world.”

The Ballon d’Or gala will be held in Paris on Oct 17.

Official Saudi Arabian Oil Company Awards $40m Steel Pipes Contract To Homegrown Producer

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Saudi Aramco has awarded a deal worth SR149.8 million ($40 million) to Saudi Steel Pipe Co. for the supply of oil and gas steel pipes.

Saudi Steel Pipe expects to see financial impact from its new order in the second and third quarters of 2023, it said in a bourse filing.

In May, the pipe producer signed a 10-month contract worth SR97 million with Saudi Aramco to supply the latter with oil and gas steel pipes.

Meanwhile, in June it won a contract worth SR58 million to supply oil giant Aramco with steel pipes for oil and gas extraction.

Amatuer Aviators: Forty-Five Teams Make Aircraft In All Shapes And Sizes

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Amatuer aviators attempted to take to the skies in their homemade aircraft at Taiwan’s Taichung Harbor for Flugtag or “Flying Day”.

Forty-five teams made aircraft in all shapes and sizes, from butterflies to flying sea turtles and manta rays.

They launched their designs off a 6-meter-high ramp, attempting to fly as far as possible before crashing into the sea below.

The winning team reached a distance of 32.75 meters in an alien aircraft design, while the runner-up reached 12.42 meters.

The event was the first held in Taiwan and was watched by some 50-thousand people.

Flugtag got its start in 1992 in Austria and is now held in several cities each year.

Pottery: Saudi Heritage Authority Seeks To Preserve Practice In Madinah

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Madinah is known for traditional handicrafts and pottery.

Pottery was initially used by people in everyday life as household items, from storage and cooking to transportation of goods.

But today, due to factory-produced household goods made of plastic, ceramic and aluminum, the ancient craft of pottery is slowly dying as people merely use it as souvenirs or decorative items.

The Saudi Heritage Authority is conducting courses and workshops to preserve pottery, and supporting family potters by displaying their products at events.

Tammam Mahmoud, one of the potters in the region, is striving hard to keep the art alive. “I’m proud to have inherited this profession from my father and grandfather more than 40 years ago. Despite the challenges and difficulties faced by potters, patience is helping them move forward,” said Mahmoud.

“Demand for pottery is declining due to the diversity of modern household utensils that have become widely accessible, as well as their different prices.

“Today, the pottery industry is limited to the technical and aesthetic aspects … such as souvenir gifts bought by tourists.”

Mahmoud said the clay used for pottery production is sourced from the valleys of Madinah following rains.

Sharing how a product takes shape, the artisan said the clay dough is prepared by hand before adding other natural materials to ensure it holds together.

The clay is then shaped using molds of various sizes to obtain the required design. The product is dried under the sun, before being baked in a traditional oven at a specific temperature to ensure its durability. It is then sent to the market for sale.

The Healthiest Rice You Can Eat

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Rice has been one of the most produced and consumed grains worldwide for centuries, and for good reason. Rice contains fiber, carbohydrates, vitamins, minerals, and even some protein and healthy fat. It is a versatile grain that shows up everywhere and can be used in just about any dish. There are various types of rice based on differences like kernel size, aromatics, processing, and color.

This article will explore four different types of rice, white, brown, black, and red, based on color and what contribution they may or may not have on diets.

White Rice

The most common of all rice varieties, white rice is omnipresent in numerous spots across the grocery store, is often a core ingredient in meal kits, and makes an appearance on many popular restaurant menus. It’s an affordable food that soaks up flavor and pairs well with an array of dishes, from curries to sushi to jambalaya and everything in between. White rice is an enriched rice, which usually contains added iron, thiamin (vitamin B1), niacin (vitamin B3), and folic acid. It has been milled to remove not only the outer husk, but also the bran and germ layers of the kernel. It comes in at about 160 calories per ¼ cup dry.

Brown Rice

Brown Rice is one of the most recognized whole grains, alongside some of its cousins like oats, whole wheat, and quinoa, as it contains all three important parts of the grain: bran, endosperm, and germ. Interestingly enough, however, brown rice only has about 1.5 grams more fiber on average per ¼ cup dry serving compared to white rice, therefore not making the same fiber impact as other whole grains on the market do against their refined counterparts. Although the extra gram of fiber, which is mostly insoluble, might be helpful for digestive health by acting as a gentle laxative, the difference is not as striking as say, a sweetened refined cereal versus bran cereal.

Black Rice

Black Rice also known as purple, forbidden, or Emperor’s rice, has been popular among Eastern cultures for years but has been slower to make its entrance into the Western side of the globe. Black rice looks black in color when dry, but once it is cooked, it takes on a more purple hue. This heirloom rice has been studied for its concentration of anthocyanins, a flavonoid pigment, which may be associated with cardiovascular disease, cancer, and neurodegenerative disease protection. Black rice packs a greater hit on fiber and protein compared to brown rice, at about five grams protein and three grams fiber per ¼ cup dry serving. Black rice is best enjoyed in porridge, rice salads, or as fried rice.

Red Rice

Red Rice is a deeply red/honey-colored grain with a slightly savory and nutty flavor and a chewy texture. Some existing research has investigated red rice’s positive inhibitory effects on leukemia, cervical, and stomach cancer cells due to its proanthocyanidin content. Red rice also may exhibit antidiabetic effects as studied in a 2016 paper from the Journal of Agricultural and Food Chemistry. The study found a 2.3- to 2.7-fold increase in basal glucose uptake (important for the proper regulation of blood sugars) by exposure to red rice bran extracts. Analyses of various types of rice also tend to find red rice to be higher in tocotrienols, a form of vitamin E, which is linked to neuroprotection, anti-cancer activity, and cholesterol-lowering qualities. Red rice works wonderfully in pilafs, salads, and soups.

So, which rice should you choose? Select a rice that suits your taste buds and is appropriate for certain dishes, making sure to view the ingredients to avoid added seasonings or salt so you can be in control of these additions in your own kitchen. If you’re open to any form of rice to complete your meal, snack, or dessert idea, reach for black rice as a top pick for its impressive fiber, protein, and possible chronic disease-fighting capability.

US, Canadian Warships Sail Through Taiwan Strait For 2nd Time In A Year

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FILE PHOTO: The USS Higgins is docked in the northern Israeli city of Haifa September 6, 2009. The destroyer is one of 18 American ships deployed globally with Aegis interceptor systems capable of blowing up ballistic missiles above the atmosphere. REUTERS/Baz Ratner/File Photo

A US Navy warship and a Canadian frigate made a routine transit through the Taiwan Strait on Tuesday, the militaries of both nations said, at a time of heightened military tension between Beijing and Taipei.

The transit was the second in a month by a US Navy ship, and the second jointly by the United States and Canada in less than a year, since October 2021.

While China condemned the mission, saying its forces “warned” the ships, recent years have seen US warships, and occasionally those of allied nations such as Britain and Canada, routinely sail through the strait.

Such trips anger China, which claims Taiwan over the objections of the island’s democratically elected government.

“Cooperation like this represents the centerpiece of our approach to a secure and prosperous region,” the US Navy said in a statement.

The Arleigh Burke-class guided-missile destroyer Higgins and the Royal Canadian Navy’s Halifax-class frigate Vancouver made the transit through a corridor in the strait that is beyond the territorial sea of any coastal state, it added.

Canadian Defense Minister Anita Anand said that as a Pacific nation, her country was deeply committed to upholding global stability and prosperity in the Indo-Pacific region.

“Today’s routine Taiwan Strait transit demonstrates our commitment to a free, open and inclusive Indo-Pacific,” she said in a statement.

Taiwan’s foreign ministry welcomed the action.

“This operation though the Taiwan Strait is, even more, a concrete demonstration of the resolute opposition of democratic allies to China’s expansion attempts,” it said.

The Eastern Theatre Command of China’s People’s Liberation Army said its forces monitored the ships and “warned them.”

“Theatre forces are always on high alert, resolutely counter all threats and provocations, and resolutely defend national sovereignty and territorial integrity,” it said in a statement, employing its usual phrasing for such responses.

Taiwan’s defense ministry said the ships sailed north through the waterway and its forces observed the mission but “the situation was as normal.”

A visit to Taiwan early in August by US House of Representatives Speaker Nancy Pelosi enraged China, which subsequently launched military drills near the island that have continued, although on a much reduced scale.

The narrow Taiwan Strait has been a frequent source of military tension since the defeated Republic of China government fled to Taiwan in 1949 after losing a civil war with the communists, who established the People’s Republic of China.