The Latest Breaking News from Asharq AlAwsat

3rd Day of COP27 Witnesses International Initiatives

The third day of the UN's climate change summit (COP27) in Sharm El-Sheikh witnessed several international proposals and initiatives in an effort to solve the exacerbating environmental crises. The participants discussed the Blue Mediterranean Partnership, which focuses on the Mediterranean countries and their marine environments and "displacement related to climate…

Asharq Al-Awsat · Nov 9, 2022

‘Loss, Damage’ Funding…A Climate Breakthrough Threatened by ‘Details’

COP27 President Sameh Shoukry has affirmed the success of negotiations on world countries adopting for the first time a climate agenda item on the most important issue of establishing a “loss and damage” fund. Despite being labeled a breakthrough, the step will usher in complex discussions that will determine progress…

Asharq Al-Awsat · Nov 8, 2022

Sudanese Opposition Describes Burhan’s Speech as ‘Positive’

A leader in Sudan's opposition Forces of Freedom and Change (FFC) coalition has described a speech delivered by head of the Sovereign Transitional Council Abdel Fattah al-Burhan earlier this week as a “positive step” that paves the way for an inclusive political process. Burhan’s speech has sparked a debate.

Asharq Al-Awsat · Nov 8, 2022

Lebanon: Reducing Chances of Electing a President, Berri Abandons Dialogue

The chances for Lebanon to find consensus on a successor to Michel Aoun, whose term in office ended on Monday, have dropped after Parliament Speaker Nabih Berri canceled a previous invitation for major political parties to meet and try to reach an agreement on a presidential candidate. The head of…

Asharq Al-Awsat · Nov 3, 2022

Efforts to Reach a Unified Measurement Standard for Financial Inclusion in Arab Countries

Director-General and Chairman of the Board of Directors of the Arab Monetary Fund (AMF) Abdul Rahman Al-Hamidy revealed efforts aimed at reaching a unified standard among Arab countries for measuring financial inclusion. In remarks to Asharq Al-Awsat, Al-Hamidy underlined the importance of financial inclusion, as a key policy objective to…

Asharq Al-Awsat · Nov 2, 2022

Greece Stresses Saudi Role in Balancing Oil Markets, Respects OPEC+ Decision

Greek Minister of Development and Investment Adonis Georgiadis said the diversification of energy sources was the European Union’s most important priority. He noted that the world would never return to the previous situation, even if the Russian-Ukrainian war ended. In this regard, Georgiadis stressed that all European countries would try…

Asharq Al-Awsat · Nov 1, 2022

World Bank: Saudi Green Initiatives Will Grow Region’s Economy to $13 Trillion by 2050

The World Bank confirmed that Saudi green initiatives will grow the region's economy to $13 trillion by 2050.

Asharq Al-Awsat · Nov 1, 2022

ENGIE: We Are Working with Saudi Arabia to Transition to Carbon-Neutral Economy

ENGIE CEO Catherine MacGregor affirmed that her company’s work in Saudi Arabia aligns with the Kingdom’s national transformation plan, Vision 2030, and its focus on accelerating the transition to a carbon-neutral economy. MacGregor pointed out that ENGIE, since the start of its business in Saudi Arabia more than two decades…

Asharq Al-Awsat · Oct 31, 2022

UN Coordinator: Partnership with Saudi Arabia in Sustainable Development Goals Focuses on 4 Strategic Areas

United Nations Resident Coordinator in the Kingdom, Nathalie Fustier, said that partnership with Saudi Arabia was moving to a new stage, pointing to the progress achieved by the Kingdom in sustainable development. In remarks to Asharq Al-Awsat, Fustier said that the UN partnership with the Saudi government has evolved over…

Asharq Al-Awsat · Oct 25, 2022

Lebanon Practically Enters 'Presidential Vacuum' a Week before End of Aoun’s Term

A fourth attempt by the Lebanese Parliament to elect a new president for the country failed on Monday, as a result of a loss of quorum.

Asharq Al-Awsat · Oct 25, 2022