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  • Moody’s affirms ratings of nine Saudi Arabian banks and changes outlook to stable

    Moody's said it affirmed the banks’ long-term deposit ratings as well as the senior unsecured and subordinated debt ratings of their affiliated entities. The banks include Saudi National Bank, Al Rajhi Bank, Riyad Bank, Banque Saudi Fransi, Arab National Bank, Bank AlBilad, The Saudi Investment Bank, Bank Al-Jazira and Gulf International Bank – Saudi Arabia.

  • Saudi Stock Exchange to See December Trading Debut, CEO Says

    The offering, which may be one of the biggest in the exchange sector since Euronext NV’s $1.2 billion listing in 2014, could value the bourse at between $3 billion and $4 billion, people familiar with the matter said last month.

  • A Saudi-led initiative aids the study of climate change’s potential impact on food security

    A Saudi-based organization has partnered with leading researchers and humanitarian agencies to harness the power of data and technology in the hope of preventing climate shocks from causing hunger among vulnerable livestock-farming communities. Community Jameel announced in September the creation of the Jameel Observatory for Food Security Early Action to help tackle the growing threat to such communities from increasingly severe and frequent climate-related disasters.

  • What does climate change tell us about ancient Saudi Arabia?

    Climate change and the threat it poses to all life on Earth is a problem most people would associate with the modern world. But to a team of international archaeologists working in Saudi Arabia alongside the Saudi Heritage Commission, climate is central to understanding the mysteries of half a million years' of human evolution, including mankind's early migration from Africa to the wider world.

  • Women are steering Saudi Arabia toward revolutionary change

    Since 2016, the female labor force participation rate in Saudi Arabia has nearly doubled. At 33 percent the rate remains low by Western standards but is a huge improvement for a country where social stigma and legal restrictions had long kept women at home.

  • Vision 2030 has prompted 400 policy changes by the Saudi government, mining minister reveals

    Saudi Arabia has passed 400 updates of its policies since the launch of Vision 2030, the country’s vice minister for mining has revealed. Speaking at the Future Investment Initiative Forum in Riyadh, Khalid Al Mudaifer highlighted steps already taken by the Saudi government to ensure the Kingdom’s economy is diversified away from oil. Mudaifer talked up the importance of mining — an area of government focus — as he also called for greater investment in environmental  priorities “for the world to have a better green future”.

  • Opinion: Biden and Climate Change Have Reshaped the Middle East

    Indeed, I’d argue that we are firmly in a transition from a Middle East shaped by great powers to a Middle East shaped by Mother Nature. And this shift will force every leader to focus more on building ecological resilience to gain legitimacy instead of gaining it through resistance to enemies near and far. We are just at the start of this paradigm shift from resistance to resilience, as this region starts to become too hot, too populated and too water-starved to sustain any quality of life.

  • Climate change in Iraq poisons Fertile Crescent farmland, empties villages

    Years of below-average rainfall have left Iraqi farmers more dependent than ever on the dwindling waters of the Tigris and Euphrates. But upstream, Turkey and Iran have dammed their own waterways in the past two years, further weakening the southern flow, so a salty current from the Persian Gulf now pushes northward and into Iraq’s rivers. The salt has reached as far as the northern edge of Basra, some 85 miles inland.

  • COP26: Document leak reveals nations lobbying to change key climate report

    A number of countries argue in favour of emerging and currently expensive technologies designed to capture and permanently store carbon dioxide underground. Saudi Arabia, China, Australia and Japan - all big producers or users of fossil fuels - as well as the organisation of oil producing nations, Opec, all support carbon capture and storage (CCS).

  • Facebook plans name change as trust for brand falls in Middle East

    The documents showed from the start of the May conflict in Israel, the metric among Instagram users in Facebook’s Middle East and North Africa region hit at its lowest ever. Approval for the company fell almost five percentage points in a week, according to the research. “The biggest changes came from Qatar, Jordan, Palestine and Saudi Arabia,” the presentation stated.