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  • MBC Group Announces Plans To Float 10% Stake On Saudi Stock Exchange

    Saudi Arabian media giant MBC Group has announced its intention to float a 10% stake in an Initial Public Offering (IPO) on the Saudi Exchange, known as Tadawul, in the coming months.

    The announcement follows a decision on Tuesday by Saudi Arabia’s Capital Market Authority to allow MBC to float 33.25 million shares, which is equivalent to 10% of the company’s share capital. The approval is valid for six months.

  • Jordan says it won’t sign energy and water exchange deal with Israel

    “We had a regional dialogue about regional projects. I think that all of this …, the war [has] proven, [it] will not proceed,” Jordanian Foreign Minister Ayman Safadi told Al Jazeera on Thursday, referring to the Israel-Hamas conflict. “We will not sign this agreement any longer. Can you imagine a Jordanian minister sitting next to an Israeli minister to sign a water and electricity agreement, all while Israel continues to kill children in Gaza?” asked the top diplomat of Jordan, which borders Israel to the east.

  • Climate change: Intensity of ongoing drought in Syria, Iraq and Iran ‘not rare anymore’

    Large parts of Iraq, Iran and Syria have been gripped by an intense drought for years. Low rainfall and high temperatures have caused crops to fail and driven water shortages across the region, pushing millions of people into food insecurity. The study finds that, between July 2020 and June 2023, climate change made the drought more intense – mainly due to high temperatures that dried out the soil. In a world without climate change, the dry period would not have even been severe enough to be called a drought, the study notes. The authors find that climate change also made the event more likely.

  • Most UAE, Saudi workers want to change jobs: Report

    According to recent research by Zurich International Life in the Middle East, most employees in the UAE (74 percent) and Saudi Arabia (78 percent) have expressed interest in searching for new job opportunities, particularly women and employees in the age group of 25-34. This trend has already gained momentum with over 25 percent of employees having changed their jobs in the last year with factors of consideration such as higher remuneration, better employee benefits and professional advancement opportunities.

  • Israel’s Netanyahu vows to ‘change the Middle East’ in war with Hamas

    Israeli Prime Minister Benjamin Netanyahu vowed Monday to “change the Middle East” in Israel’s war with Palestinian militant group Hamas, as the army pounded the Gaza Strip with air strikes. “What Hamas will experience will be difficult and terrible ... we are going to change the Middle East,” Netanyahu told officials visiting Jerusalem from the country’s south, where Hamas militants carried out a surprise attack on Saturday morning.

  • Saudi Tourism Pioneers Change: Video

    In this video from Skift Global Forum 2023, we hear from Mahmoud Abdulhadi, deputy minister of destination enablement at the Ministry of Tourism of Saudi Arabia, who discussed the vision, goals, and progress of Saudi tourism.

  • Cultivating change: Women as catalysts for agricultural transformation in the MENA region

    The MENA region is facing significant agriculture, food security, and water security challenges, as highlighted by the N7’s conference in March, which included an all-star, all-female panel: Women in Desert Tech. But, as evident from the panels of the day, these challenges still disproportionately impact women despite showcases of female-founded companies and technologies. According to the United Nations, women are more likely to be food insecure than men, as women face significant barriers to accessing and managing water resources, which are critical for agriculture and food production.

  • Saudi Arabia, China collaborate on literary exchange

    Saudi Arabia’s Literature, Publishing, and Translation Commission has partnered with China’s National Press and Publishing Administration to promote literary translation between Arabic and Chinese. The agreement was signed on Monday during the Riyadh International Book Fair, which is currently taking place at King Saud University until Oct. 7.

  • Saudi Arabia’s MBS calls PGA Tour deal ‘game-changer,’ doesn’t care about sportswashing accusations

    In an interview with FOX News, Saudi Crown Prince Mohammed bin Salman says he “doesn’t care” about sportswashing accusations regarding his kingdom’s sports investments, which include LIV Golf and a planned partnership with the PGA Tour. “Well if sportswashing is going to increase my GDP by one percent, then I will continue doing sportswashing,” bin Salman said in a clip aired Wednesday on "Special Report with Bret Baier."

  • Iran, US hail prisoner exchange amid hopes of renewed diplomacy

    Iran and the US have exchanged prisoners in Qatar. The swap, first announced last month, was implemented after Doha confirmed that it had received some 5.5B EUR of Iranian funds that had been frozen in South Korea due to US sanctions. Despite the release of its assets, Tehran has said it will pursue damages from Seoul.