Latest news with #Bosnia
CNA
2 hours ago
- Business
- CNA
Errol Musk eyes Bosnia for research hub on gravity and space
SARAJEVO :South African businessman Errol Musk, the father of billionaire Elon Musk, visited Bosnia this week to assess its potential as a location for a research institute on gravity, space-time and longevity, months after saying he planned to base it in Dubai. The elder Musk, a 79-year-old engineer who is estranged from his son, was quoted by Bosnia's Klix news portal as saying he had been offered a location in the United Arab Emirates but was advised to try the Balkans by a friend there originally from the region. "I have to say that I am pleasantly surprised by what I found. The economy, the availability of things, the behavior of people. I spent a few days here and thought - this is idyllic," the news portal quoted the South African businessman as saying. "My initial idea was that the UAE was ideal, but now that I've seen this ... I'd say this is much better." The Chamber of Commerce of Bosnia's autonomous Bosniak-Croat Federation said it had highlighted the country's educated workforce and economic potential in a presentation to Errol Musk on Wednesday. He said he had not spoken to Bosnian government officials about what he said was a private initiative to investigate the "four realms of longevity, fusion, space-time and gravity". He feared any over-controlling governments and wanted to attract people who were not "already brainwashed and think that such things are not possible", adding that he had also visited Austria and Serbia. Bosnia, once part of Socialist Yugoslavia, consists of a Bosniak-Croat Federation and Serb Republic linked by weak state authorities. An international envoy oversees it to prevent a return to fighting between its Serbs, Croats and Muslims which tore it apart in 1992-5. Errol Musk said he had not investigated Bosnia's political system or discussed a potential investment there with his son, but would try to persuade him. ($1 = 0.7387 pounds)
Reuters
2 hours ago
- Business
- Reuters
Errol Musk eyes Bosnia for research hub on gravity and space
SARAJEVO, July 24 (Reuters) - South African businessman Errol Musk, the father of billionaire Elon Musk, visited Bosnia this week to assess its potential as a location for a research institute on gravity, space-time and longevity, months after saying he planned to base it in Dubai. The elder Musk, a 79-year-old engineer who is estranged from his son, was quoted by Bosnia's Klix news portal as saying he had been offered a location in the United Arab Emirates but was advised to try the Balkans by a friend there originally from the region. "I have to say that I am pleasantly surprised by what I found. The economy, the availability of things, the behavior of people. I spent a few days here and thought - this is idyllic," the news portal quoted the South African businessman as saying. "My initial idea was that the UAE was ideal, but now that I've seen this ... I'd say this is much better." The Chamber of Commerce of Bosnia's autonomous Bosniak-Croat Federation said it had highlighted the country's educated workforce and economic potential in a presentation to Errol Musk on Wednesday. He said he had not spoken to Bosnian government officials about what he said was a private initiative to investigate the "four realms of longevity, fusion, space-time and gravity". He feared any over-controlling governments and wanted to attract people who were not "already brainwashed and think that such things are not possible", adding that he had also visited Austria and Serbia. Bosnia, once part of Socialist Yugoslavia, consists of a Bosniak-Croat Federation and Serb Republic linked by weak state authorities. An international envoy oversees it to prevent a return to fighting between its Serbs, Croats and Muslims which tore it apart in 1992-5. Errol Musk said he had not investigated Bosnia's political system or discussed a potential investment there with his son, but would try to persuade him. ($1 = 0.7387 pounds)
Arab News
2 days ago
- Business
- Arab News
Saudi fund extends $32m in loans to Bosnia for education, innovation projects
JEDDAH: Social infrastructure in Bosnia and Herzegovina is set to improve following two Saudi-funded development loans worth $32 million, targeting science, technology, and higher education facilities. The Saudi Fund for Development has allocated $19 million for the construction of a Science and Technology Park, and $13 million for the development and outfitting of a new student dormitory at the Borisa Starovic Public Institution Student Center in Foca, in the country's southeastern region. SFD CEO Sultan Al-Marshad signed the deals with Bosnia's Minister of Finance and Treasury Srdan Amidzic, in the presence of Saudi Ambassador Osama bin Dakhil Al-Ahmadi, according to an official release. The new funding builds on nearly three decades of Saudi-Bosnian cooperation, during which the SFD has financed 27 projects through nine concessional loans totaling over $163 million, along with $53 million in grants supporting post-war reconstruction and long-term development. The first loan agreement is to finance the Construction of Science and Technology Park Project worth $19 million. It includes a multidisciplinary center over 200,000 m² to support technology, economic growth, healthcare, and higher education—bringing together researchers,… — الصندوق السعودي للتنمية (@SaudiFund_Dev) July 21, 2025 'The Science and Technology Park Project aims to establish a multidisciplinary scientific center covering a total area of approximately 200,000 square meters, supporting technological advancement, economic development, health care, and higher education,' the SFD said. 'The center will serve as a collaborative hub for researchers, scientists, and entrepreneurs across various fields,' it added. The student housing project is intended to strengthen the higher education sector by boosting student enrollment and providing improved accommodation to enhance learning opportunities and support broader community development. The agreements with Bosnia and Herzegovina come amid the SFD's broader engagement in the Balkans. In October 2024, Serbia signed three loan agreements worth $205 million with the fund to support its agriculture, education, and energy sectors, underscoring Saudi Arabia's growing development partnerships across Southeastern Europe. Development support that fosters innovation and education.. #Infographic | #SFD signs two development loan agreements worth $32 million to support social infrastructure in #Bosnia_and_Herzegovina. Towards social and economic growth; #ProsperTogether#SFD50 — الصندوق السعودي للتنمية (@SaudiFund_Dev) July 21, 2025 The SFD's activity in Bosnia is part of a larger push across emerging economies. In a separate deal earlier this month, the fund signed a $30 million loan agreement with Tajikistan to finance the Kulob city ring road project. The project aims to enhance regional transit infrastructure by linking Central Asian countries with China and Indian Ocean markets via land routes. It includes the construction of a road and two bridges to improve traffic flow, road safety, and trade efficiency. An SFD delegation led by Al-Marshad also recently participated in the inauguration of the Wayamba University township development project in Sri Lanka. The $28 million initiative, located in the country's northwestern province, includes new construction, classroom renovations, and modern educational equipment to strengthen the higher education sector.
Yahoo
4 days ago
- Climate
- Yahoo
Severe early drought affects people, animals and crops alike throughout Balkan region
A severe drought this summer has left over a thousand cows and horses without water on a mountain in southeast Serbia, forcing the authorities to bring up emergency supplies. In neighboring Bosnia, meteorologists have said that June this year could end up being the driest in recent history, causing huge damage in agriculture.
BBC News
7 days ago
- Sport
- BBC News
FC Santa Coloma v Borac Banja Luka
Update: Date: 90'+7 Title: Post Content: Match ends, FC Santa Coloma 0, Borac Banja Luka 2. Update: Date: 90'+7 Title: Full Time Content: Second Half ends, FC Santa Coloma 0, Borac Banja Luka 2. Update: Date: 90'+1 Title: Post Content: Fourth official has announced 6 minutes of added time. Update: Date: 88' Title: Booking Content: Karlo Peric (Borac Banja Luka) is shown the yellow card. Update: Date: 88' Title: Goal! Content: Goal! FC Santa Coloma 0, Borac Banja Luka 2. Karlo Peric (Borac Banja Luka) header. Update: Date: 86' Title: Booking Content: Sebastián Herrera (Borac Banja Luka) is shown the yellow card for a bad foul. Update: Date: 79' Title: Substitution Content: Substitution, Borac Banja Luka. David Cavic replaces David Vukovic. Update: Date: 75' Title: Substitution Content: Substitution, FC Santa Coloma. Nabil Kheribi replaces Armando León. Update: Date: 75' Title: Substitution Content: Substitution, FC Santa Coloma. Aarón Gallego replaces Ot Remolins. Update: Date: 75' Title: Substitution Content: Substitution, FC Santa Coloma. Xavi Puerto replaces Mario Mourelo. Update: Date: 74' Title: Substitution Content: Substitution, Borac Banja Luka. Stefan Marcetic replaces Sandi Ogrinec. Update: Date: 74' Title: Substitution Content: Substitution, Borac Banja Luka. Damir Hrelja replaces Luka Zoric. Update: Date: 73' Title: Booking Content: Adrià Arjona (FC Santa Coloma) is shown the yellow card for a bad foul. Update: Date: 71' Title: Goal! Content: Goal! FC Santa Coloma 0, Borac Banja Luka 1. Sebastián Herrera (Borac Banja Luka) right footed shot. Update: Date: 69' Title: Post Content: Second yellow card to Hugo Ferreira (FC Santa Coloma) for a bad foul. Update: Date: 66' Title: Booking Content: Amer Hiros (Borac Banja Luka) is shown the yellow card for a bad foul. Update: Date: 62' Title: Substitution Content: Substitution, Borac Banja Luka. Amer Hiros replaces Stefan Savic. Update: Date: 62' Title: Substitution Content: Substitution, Borac Banja Luka. Karlo Peric replaces Luka Juricic. Update: Date: 61' Title: Booking Content: Moisés San Nicolás (FC Santa Coloma) is shown the yellow card for a bad foul. Update: Date: 60' Title: Substitution Content: Substitution, FC Santa Coloma. Martín Ross replaces Aleix Cisteró because of an injury.
