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  • Past seven years hottest on record – EU satellite data

    The Copernicus Climate Change Service said 2021 was the fifth-warmest year, with record-breaking heat in some regions. And the amount of warming gases in our atmosphere continued to increase. Governments are committed to limiting global temperature rise to 1.5C to curb climate change. But scientists warn that time is fast running out.

  • Saudi entrepeneurship

    Moreover, although Saudi entrepreneurs perceived starting a business to be more difficult than it was a year ago due to the challenges brought by the pandemic situation, a large proportion of adults (90%) still expressed the desire to start a business within the next three years. Saudi Arabia scored highest in this category among GCC countries, which range from 62% to 84%.

  • European players permitted to take part in Saudi International

    By Monday’s deadline, between 30 and 40 members of the tour had requested releases to play in the Asian Tour-run event near Jeddah, from February 3rd. It is sponsored by the Saudi public investment fund and carries huge appearance fees.

  • EU energy talks dissolve over carbon, green finance fights

    EU country leaders met in Brussels for a summit to discuss several issues, including soaring energy prices, but some member states – notably Poland – pushed the EU to curb volatile prices in the carbon market by limiting speculative activity, a stance at odds with that of other countries, including Germany. Another squabble emerged over whether the EU should label gas and nuclear energy as climate-friendly investments, with some states seeking to hurry the European Commission into proposing this month the rules on its “sustainable finance taxonomy”, a policy that has become the focus of intense lobbying from governments.

  • European Union is not on track to meet its climate goals

    Few industrialized regions have seen their emissions drop as rapidly as the European Union. Greenhouse gases (GHG) in the 27-country bloc are now 26% below their level a decade ago, having fallen every year since 2010, according to a new analysis by the EU’s statistics office.

  • Libyan central bank reunification process begins this month, says governor

    Libya's two parallel central bank branches will formally begin the process of reunification this month, although progress will depend on the outcome of upcoming presidential elections, Tripoli's central bank governor said. The Central Bank of Libya Governor Sadiq al-Kabir said on a recent trip to London that despite the uncertainty he hoped reunification, or at least the "first phase" of it, would happen by July.

  • Saudi Aramco’s entrepreneurship arm Wa’ed provides $2.04m grant to four start-ups

    Created as a wholly-owned venture of Aramco in 2011, Wa’ed has disbursed more than 400m riyals in venture capital investment, loans and incubation services to more than 100 kingdom-based start-ups. Start-ups in Saudi Arabia attracted a record $168m worth of venture capital funding through 54 transactions in the first half of 2021, according to data platform Magnitt. This is about 94 per cent of the money extended to the kingdom’s start-ups in 2020.

  • European body to begin disciplinary process against Turkey

    Europe’s democracy and human rights-promoting body said Friday it is initiating a rare disciplinary process against Turkey after it failed to comply with a court's ruling to release jailed businessman and philanthropist Osman Kavala. Last week, a court in Istanbul extended Kavala’s imprisonment, defying the European Court of Human Rights, which ruled that the businessman was unjustly jailed.

  • Royal tombs, pharaohs and life in ancient Egypt on show at Sharjah museum

    Sharjah is hosting an interactive exhibition for children and families who want to learn more about pyramids, pharaohs, and life in ancient Egypt. Organised by Sharjah Museums Authority in partnership with Egyptian Museum in Turin, Italy, the exhibition does not have any artefacts but it tells about major archaeological discoveries through workshops, hands-on activities, and touchscreen games.

  • EU set to unveil massive worldwide infrastructure plan

    Although the European Commission, the EU’s executive branch, does not present the project as an attempt to counter China’s massive infrastructure initiative seeking to connect Asia with Africa and Europe, the German ambassador to the EU said the so-called Global Gateway “has the potential to turn the EU into a more effective geopolitical player.”