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  • Climate change could turn Iraq’s marshes into barren wasteland

    Aside from the threat to agriculture, domestic water supplies are also under severe threat. Iraqis had 2,100 cubic metres of water available per person, per year in 2015, Unep said, but that by 2025, this figure will have fallen to 1,750.

  • Middle East cryptocurrency exchange Rain raises $110m in new funding round

    Founded in 2017 by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago and Yehia Badawy, Rain will use the proceeds of the funding round to secure more licences in the Mena region, Turkey and Pakistan, enhance its technology through an advanced trading platform and grow the team.

  • Misk Launches Second Batch of “2030 Leaders” to Qualify the Kingdom’s Elite Changemakers

    The second batch of "2030 Leaders" includes 90 participants selected from more than 6,000 applicants, who come from various work sectors in the Kingdom, including private, government, semi-government and non-profit, as well as several professional sectors and economic activities, a step aimed at blending diverse professional experiences to produce national initiatives and programs deemed to make a change.

  • Saudi Economy Heads Towards New Stage to Face Global Changes

    King Salman stressed that the national investment strategy launched by Crown Prince Mohammed bin Salman on Oct. 11 was one of the important tributaries to achieve the objectives of the Kingdom’s Vision. He added that investments exceeding 12 trillion riyals (USD 3.2 trillion) would be pumped into the local economy until 2030.

  • Is Iran’s new drone swarm Shahed-136 tech a gamechanger? – analysis

    Over the last several days, images of a new Iranian drone launcher have appeared online and in Iranian media. The drones, dubbed Shahed 136, were combined with missiles in a drill that Iran says took place last week. Iran has called these types of drones a “suicide drone” or kamikaze drone. This means that they fly directly into a target and self-destruct.

  • Gulf Youth and the Urge for Change

    When you look at how Saudi Arabia is approaching this, you can see the desire to keep a strong Saudi element. From a perspective from yourself or myself—the perspective of someone who looked at Saudi Arabia and put a lot of the character of Saudi Arabia in the old religious establishment and those kinds of links—now there's a desire to really empower this creative class to generate Saudi cultural elements.

  • Official exchange rate obsolete, mandatory reserves down to $12.5 billion: Salameh

    Lebanon is grappling with an unprecedented economic crisis branded by the World Bank as one of the planet's worst in modern times. More than 80 percent of the population lives in poverty and the currency has lost more than 90 percent of its black market value amid political squabbling that has delayed an agreement with the International Monetary Fund. "Our quota in the International Monetary Fund is $4 billion," Salameh said in an AFP interview. "If countries add to it, we could reach $12 to $15 billion, an amount that could help start Lebanon's recovery and restore confidence," he said.

  • Biden boosts fuel-economy standards to fight climate change

    A final rule issued Monday would raise mileage standards starting in the 2023 model year, reaching a projected industry-wide target of 40 miles per gallon by 2026. The new standard is 25% higher than a rule finalized by the Trump administration last year and 5% higher than a proposal by the Environmental Protection Agency in August.

  • Arab Entertainment Industry in 2021: Change and Resistance Amid Growth

    Yet, aside from the clock being turned back in Afghanistan and other instances of backlash, the overall sense is that the Arab film and TV industry is making a quantum leap forward in breaking cultural taboos and achieving greater growth. As Egyptian-American filmmaker Dina Amer points out, in Saudi Arabia “you used to have to smuggle DVDs into the country in order to watch any kind of film.”

  • Saudi Arabia Unemployment rate: Saudi unemployment unchanged at 11.3% in Q3

    The unemployment rate of Saudi Arabia's working age population, which includes all residents above 15 years old, was 6.6% in the third quarter, data from the General Authority for Statistics showed.