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The Latest Breaking News from MENA

IMF Warns: MENA Region Faces 4 Challenges

Growth of the real GDP in the Middle East and North Africa (MENA) region is projected to slow this year to 3.1 percent from 5.3 percent in the previous year, announced Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour. Azour added…

Asharq Al-Awsat

Heat deaths in some regions could rise 60-fold by end of century, study warns

Researchers found more than 80% of these deaths can be prevented if the global average temperature is kept to 2C above preindustrial levels

Wales Online

UAE Initiative on Sustainable Agricultural Practices Launched

An initiative on sustainable agricultural practices was launched in the UAE on Monday, following the success of the inaugural edition of the Greenhouse Accelerator Program. The initiative is a partnership between the UAE Ministry of Climate Change and Environment (MOCCAE) and Food Tech Valley and PepsiCo. As part of the…

Asharq Al-Awsat

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World Bank: Gulf Economies Are Becoming More Open

Middle East and North Africa (MENA) countries should follow the lead of Saudi Arabia, the United Arab Emirates, and the Gulf states in economic reforms, said World Bank Vice President for Middle East and North Africa Ferid Belhaj. Belhaj explained that Gulf countries worked on deep and structural reforms by…

Asharq Al-Awsat

Saudi-US Partnership to Build Vertical Farms in MENA Region

The Saudi Public Investment Fund (PIF) announced a joint venture agreement with AeroFarms, a US-based commercial market leader in vertical farming, to establish a company in Riyadh to build and operate indoor vertical farms in Saudi Arabia and the Middle East and North Africa (MENA) region. The agreement seeks to…

Asharq Al-Awsat

Saudi TAQA Completes Acquiring 100% of Mansoori Petroleum Services

The Industrialization and Energy Service Company (TAQA) announced the closure of its 100 percent acquisition of al-Mansoori Petroleum Services, expanding TAQA Well Solutions business internationally. The acquisition is funded by a capital increase led by TAQA's existing significant shareholders. The investment brings to TAQA a long-established, well-diversified MENA-based business with…

Asharq Al-Awsat

US Census could get MENA category after new recommendations

US government panel recommends adding box on Census to count people from the Middle East and North Africa region.

Al Jazeera

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Saudi Arabia Aims to Attract Huge Investments in Virtual World

Saudi Arabia is seeking to attract substantial global investments in advanced technologies, especially in NEOM. A recent study indicated that the metaverse was the next generation of the internet, potentially heralding a new virtual, interconnected reality seamlessly woven into the world. The paper, "Creating a New Reality: The Metaverse in…

Asharq Al-Awsat

Americana Plans Selling 30% of its Share Capital in Saudi Arabia, Abu Dhabi Markets

Americana Restaurant International, the largest quick service restaurant operator in the MENA region, announced Wednesday its plans to sell 30 percent of its share capital in an initial public offering (IPO) and dual-list on stock markets in Saudi Arabia and Abu Dhabi. Adeptio Investments AD Ltd., the selling shareholder, intends…

Asharq Al-Awsat

FIFM Announces Films Partaking in 19th Editions

The Marrakech International Film Festival committee has unveiled the list of films partaking in the official contest of its 19th edition scheduled between November 11 and 19. The films represent 14 countries including four in Europe (France, Portugal, Switzerland, and Sweden), two from Latin America (Brazil and Mexico), four from…

Asharq Al-Awsat

SRMG, Warner Bros. Discovery Partner to Launch 'Asharq Discovery'

The Saudi Research and Media Group (SRMG), the MENA region's largest media group, entered into a long-term partnership with Warner Bros.

Asharq Al-Awsat

ADNOC, TAQA Conclude $3.8b Deal on Clean Energy, Decarbonization

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) revealed concluding a $3.8 billion strategic project to power and decarbonize ADNOC's offshore production operations. Together with a consortium comprised of Korea Electric Power (KEPCO), Kyushu Electric Power Company (Kyuden) and Électricité de France (EDF) (the…

Asharq Al-Awsat

MENA Attractions & Destinations Forum Set to Highlight Key Destinations

The two-day MENA Attractions & Destinations Forum 2022 is scheduled to be held on September 28 in Dubai to explore upcoming cultural and leisure projects, and ways to drive growth for the tourism sector, Emirates News Agency (WAM) reported Saturday. “The interactive forum will host over 300 international and regional…

Asharq Al-Awsat

Saudi Aramco, Cognite Join Forces in New Data Venture

Saudi Aramco and Cognite have launched CNTXT, a joint venture based in Riyadh to support industrial digitalization of the Kingdom and the wider MENA region. CNTXT will provide digital transformation services enabled by advanced cloud solutions and leading industrial software.

Asharq Al-Awsat

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Asharq Al-Awsat

SRMG Partakes in Cannes Lions International Festival of Creativity

The Saudi Research and Media Group (SRMG), one of the largest global media groups in the Middle East, said it is partaking in the Cannes Lions International Festival of Creativity for the first time, showcasing the best and brightest MENA media creators. Now in its 68th edition, the Cannes Lions…

Asharq Al-Awsat

Saudi PIF Buys 23.97% Stake in Capital Bank Group

Saudi Arabia's sovereign wealth fund, the Public Investment Fund, said on Sunday it will buy a 23.97% stake in Capital Bank Group, one of the largest banking groups in Jordan, Iraq and the Middle East and North Africa (MENA) region. PIF will pay $185 million for the stake, by buying…

Asharq Al-Awsat

Aviation Meeting in Riyadh Draws Emphasis on Enhancing Capabilities

President of the General Authority of Civil Aviation (GACA) Abdulaziz bin Abdullah Al-Duailej chaired in Riyadh on Tuesday the second meeting of the Steering Committee of Regional Safety Oversight Organization for Middle East and North Africa (MENA RSOO), with the participation of International Civil Aviation Organization (ICAO), Arab Civil Aviation…

Asharq Al-Awsat

IMF Projects GCC Growth to Accelerate to 6.4%

The International Monetary Fund (IMF) said the Russian invasion of Ukraine is significantly affecting the growth prospects of the developing economies in the Middle East and North Africa (MENA), while oil-exporting countries benefit from higher crude prices. In its "Regional Economic Outlook: the Middle East and Central Asia," the IMF…

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Asharq Al-Awsat

World Bank: War in Ukraine Raising Risks for MENA

The war in Ukraine has "multiplied risks" for the Middle East and North Africa's poorer countries by raising food and energy prices, the World Bank said Thursday, warning of potential social unrest. In its latest update to its MENA growth forecast, the development lender said inflationary pressures set off by…

Asharq Al-Awsat

Abu Dhabi Global Market Grants In-Principle Approval for Binance

Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, has received its In-Principle Approval (IPA) for a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), to operate as a broker-dealer in virtual assets, state news agency WAM reported. ADGM, the International…

Asharq Al-Awsat

The Extraordinary Challenge of Rebuilding Lebanon’s Healthcare System

For the past two years, the health care system in Lebanon that was once known as The “Hospital of the Middle East,” has become a shadow of its former self. Historically, Lebanon has been the hub of academic medical centers and the leading destination for medical tourism in the Middle…

Al Jazeera

How water cooperation can provide geopolitical stability in MENA

The Blue Peace Strategy promotes water sustainability as an asset for political and social peace in the region.

Asharq Al-Awsat

Wingie: Istanbul Tops MENA’s List of Preferred Destinations

Driven by increased vaccination rates and the removal of travel restrictions, the global tourism and aviation sectors appear to be making a rapid recovery.

Al Jazeera

Hotel WiFi across MENA compromised and exposing private data

Cybersecurity researcher uncovers faulty WiFi system used by Middle East hotels affecting millions of guests worldwide.

Input

Middle East streamers are reeling after Twitch blocks their payments

The platform cites “certain tax information” discrepancies for the payout freeze. Arabic gamers feel betrayed and frightened.

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