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Pesha Magid is a freelance journalist currently based out Baghdad.
Portfolio
Riyadh Air orders 60 Airbus narrowbody jets
Riyadh Air, Saudi Arabia's newest airline, has ordered 60 Airbus A321-family jets, expanding its total orders to 132 aircraft. The deal, announced at the Future Investment Initiative forum in Riyadh, is valued at approximately $4 billion. Riyadh Air plans to start operations in 2025 and is considering further orders of wide-body jets from Airbus and Boeing. The airline, owned by Saudi Arabia's PIF sovereign wealth fund, has secured early delivery slots amid high demand in the aircraft industry. Additionally, Riyadh Air has signed a $1.3 billion credit facility with a syndicate of banks to finance the order.
Govt Prioritizes Trade and Investment with Sakania Border Modernization Project
The Zambian government is advancing trade and investment by modernizing border infrastructure, focusing on the Sakania Border Post and the Ndola to Mufulira Road. This initiative, part of a broader effort to enhance the North-South Corridor, aims to reduce congestion, stimulate local economies, and increase Zambia's global competitiveness. The project, costing over $54 million and structured as a 22-year Public-Private Partnership, addresses local concerns about deteriorating infrastructure and is expected to ease travel and decongest major routes.
ZRA Demands K14.5 Billion in Tax From FIC Cases
The Zambia Revenue Authority (ZRA) has issued a K14.5 billion tax demand based on cases of suspected illicit financial flows reported by the Financial Intelligence Centre (FIC). In 2024, ZRA investigated 510 cases, concluding 157, marking an 823.5% increase from the previous year. This efficiency is attributed to the new Financial Crimes Unit and a New Operating Model. The 2025 budget introduces new tax policies, including a 15% Advance Income Tax on certain remittances and exports, and an expanded Export Proceeds Tracking Framework. These measures aim to enhance tax compliance and revenue generation, with ZRA emphasizing the importance of collaboration with Law Enforcement Agencies to combat tax evasion.
Teenage Bearman roars on F1 debut in Saudi Arabia
British teenager Oliver Bearman made a historic debut for Ferrari at the Saudi Arabian Grand Prix, finishing seventh and earning widespread praise. At 18 years and 305 days old, he became Ferrari's youngest rookie, standing in for Carlos Sainz. Bearman impressed by holding off seasoned drivers like Lando Norris and Lewis Hamilton. Ferrari teammate Charles Leclerc and other notable figures in the sport, including Hamilton and Norris, commended his talent and potential. Ferrari boss Fred Vasseur highlighted Bearman's flawless performance and composure. Bearman expressed satisfaction with his performance, noting the advantage of a fast car and his goal to make a strong impression.
Teenage Bearman roars on F1 debut in Saudi Arabia
British teenager Oliver Bearman made a historic debut for Ferrari at the Saudi Arabian Grand Prix, finishing seventh and earning widespread praise. Bearman, the youngest rookie for Ferrari, replaced Carlos Sainz and impressed seasoned drivers like Lando Norris and Lewis Hamilton. Ferrari teammate Charles Leclerc and team boss Fred Vasseur commended Bearman's performance, highlighting his talent and potential for a future in Formula One.
Ferrari teenager makes a dream F1 debut
British teenager Oliver Bearman made a historic debut for Ferrari at the Saudi Arabian Grand Prix, finishing seventh and earning the Driver of the Day accolade. Bearman, standing in for Carlos Sainz, received widespread praise from fellow drivers and Ferrari's team boss Fred Vasseur for his impressive performance and composure. The 18-year-old's debut was marked by his ability to hold off seasoned drivers like Lando Norris and Lewis Hamilton, showcasing his potential as a future star in Formula One.
Teenage Bearman roars on F1 debut in Saudi Arabia
British teenager Oliver Bearman made a historic debut for Ferrari at the Saudi Arabian Grand Prix, finishing seventh and earning widespread praise. At 18 years and 305 days, he became Ferrari's youngest rookie, standing in for Carlos Sainz. Bearman impressed by finishing ahead of notable drivers like Lando Norris and Lewis Hamilton. Ferrari teammate Charles Leclerc and other F1 figures lauded his talent and potential. Ferrari boss Fred Vasseur commended Bearman's flawless performance, highlighting his calmness and solid feedback. Bearman expressed satisfaction with his performance, noting the advantage of a fast car and his goal to make a strong impression.
Teenage Bearman roars on F1 debut in Saudi Arabia
British teenager Oliver Bearman made a historic debut for Ferrari at the Saudi Arabian Grand Prix, finishing seventh and earning widespread praise. Bearman, the youngest rookie for Ferrari, replaced Carlos Sainz and impressed with his performance, keeping notable drivers like Lando Norris and Lewis Hamilton behind him. Ferrari teammate Charles Leclerc and other drivers, including Hamilton and Norris, commended Bearman's talent and potential. Ferrari boss Fred Vasseur highlighted Bearman's solid performance and calm demeanor. Bearman expressed satisfaction with his debut, noting the advantage of a fast car and his clean race execution.
Mercedes would love to have Verstappen, says Wolff
Mercedes team boss Toto Wolff expressed a strong interest in having Red Bull's triple world champion Max Verstappen drive for them, contingent on improving their car's performance. Despite Verstappen's contract with Red Bull until 2028, Wolff remains optimistic about future possibilities. The article also touches on the strained relations between Verstappen's father, Jos, and Red Bull principal Christian Horner, who was recently cleared of allegations. Current Mercedes drivers Lewis Hamilton and George Russell's performances and frustrations with the car are also highlighted.
Teenage Bearman roars on F1 debut in Saudi Arabia
British teenager Oliver Bearman made a historic debut for Ferrari at the Saudi Arabian Grand Prix, finishing seventh and earning widespread praise. Bearman, the youngest rookie for Ferrari, replaced Carlos Sainz and outperformed seasoned drivers like Lando Norris and Lewis Hamilton. Teammate Charles Leclerc and Ferrari boss Fred Vasseur lauded his performance, highlighting his talent and composure. Bearman expressed satisfaction with his performance, attributing part of his success to the fast car and clean race execution.
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