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The Latest Breaking News from MENA

Next U.S. census will feature boxes to better count MENA and Latino groups

The government's approach to data collection has huge stakes for federal funding.

Axios

IAEE Conference Discusses Opportunities for Advancing ‘Hydrogen Economy’

Hosted for the first time in the MENA region, the 44th International Association for Energy Economics (IAEE) Conference in Riyadh reviewed the risks of volatility in global oil and gas markets. Participants at the summit also discussed threats to future opportunities offered by the hydrogen economy. Prince Abdulaziz bin Salman,…

Asharq Al-Awsat

‘Tarabut Gateway’ CEO: Open Banking Has Tripled in The Middle East

Abdulla Al-Moayed, CEO and founder of the Dubai-based fintech company Tarabut Gateway, revealed that open banking has become a strategic option for growing digital transformation in regional countries as they move towards digital payments and cashless societies. Banking through fintech in the Middle East has tripled at a time when…

Asharq Al-Awsat

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World Bank Officials: Cooperation in the Region Targets Development, Climate Protection

World Bank officials stressed that climate challenges in the Middle East included water scarcity, food shortage, and energy security, noting that the Saudi Green Initiative was an example to follow in order to address these threats. Asharq Al-Awsat interviewed Paul Noumba Um, the Regional Director of the World Bank’s Infrastructure…

Asharq Al-Awsat

Saudi Commitment to Building a Green Future

Governor of the Public Investment Fund (PIF) and Chairman of Saudi Aramco Yasir Al Rumayyan said the Middle East Green Initiative (MGI) is a turning point in the environmental efforts, which aim to transition national ambitions into practical steps that affect the entire world. Al Rumayyan underlined the great efforts…

Asharq Al-Awsat

APICORP, Hartree Sign $75M Islamic Facility for Voluntary Carbon Offsets

The Arab Petroleum Investments Corporation (APICORP) has signed a $75 million Murabaha agreement in favor of Hartree Partners Power & Gas Company (UK) Limited, an affiliate of Hartree Partners LP. The first-of-its-kind facility in the MENA region will fund high-quality voluntary carbon offsets, which will be used to develop environmentally…

Asharq Al-Awsat

Alhokair Family Acquires 5% stake in Egypt's ValU

ValU, MENA’s leading Buy-Now, Pay-Later (BNPL) platform, announced that Fawaz Abdulaziz Alhokair, Salman Abdulaziz Alhokair, and Abdul Majeed Abdulaziz Alhokair (Alhokair family) have agreed to acquire a 4.99 percent stake in valU through a capital injection of $12.4 million. ValU explained in a press statement that the deal raises the…

Asharq Al-Awsat

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Saudi Finance Minister Expects 7.4% Growth in 2022

Saudi Finance Minister Mohammed al-Jadaan announced that the Kingdom expects a 7.4 percent growth in 2022. Speaking at a panel on the economic outlook for the MENA region at the World Economic Forum in Davos (WEF), Jadaan explained that Saudi oil GDP would grow 19 percent this year due to…

Asharq Al-Awsat

WEF: Youth Unemployment, Inequality and Climate Change Top Challenges Facing MENA

Running the team that manages the WEF’s relations and initiatives with the Middle East and North Africa, Maroun Kairouz has a busy portfolio on his hands. After a two year hiatus, the WEF is holding its first in-person meeting in Davos since the start of the pandemic. “The meeting couldn't…

Asharq Al-Awsat

MENA faces a crisis as the world’s key wheat producers are at war

The near future looks grim for Middle East and North African countries that depend on Russian and Ukrainian wheat.

Al Jazeera

World Bank Suggests Pricing Cost of Air Pollution in the Middle East

A World Bank report suggests pricing the cost of air pollution and reforming fossil fuel subsidies and creating markets for emissions, along with offering cleaner transportation options in the Middle East. The human and economic cost of air pollution and degraded seas and coastlines is immense, estimated to be more…

Asharq Al-Awsat

Over 31 Million People Used Uber in Middle East Since its Launch

Uber, the global taxi-hailing app, revealed on Sunday that over 31 million riders took trips using the app since its launch in the Middle East and North Africa (MENA) region. According to the “Uber MENA: 2021 in Numbers” report, 703,000 drivers in Egypt, 530,000 in Saudi Arabia and 18,000 in…

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