About 90% of Iraq’s budget revenue comes from the oil sector. Experts recommend the country to diversify its economy to combat global warming and not be subject to oil decline.
Author: ©Agence France-Presse
Zahran Alqasmi won the International Prize for Arabic Fiction with the book “The Water Diviner.” It tells the story of a villager who finds groundwater reserves, bringing to debate the topics of resource scarcity and extreme weather events.
Sultan Al Jaber advocated for carbon dioxide capture technologies at a press conference. He said renewable sources like solar and wind could not be the only answer to curb global warming.
The Saudi company saw a lower net profit in the first quarter, but the result is still more than three-quarters of the combined first-quarter profits reported by the five oil majors.
Economies in the region are headed for a slowdown this year, driven by high inflation and the conflict in Sudan. Growth will decrease from last year’s 5.3% to 3.1% in 2023.
The World Bank said in a report that the economic perspectives for the country are bleak. Restrictions imposed by Israel makes the Palestinian economy operate below its potential.
The North African Arab country is experiencing a severe lack of rainfall with projections of a “catastrophic” harvest, according to local agricultural entities. The problem could cause greater dependence on imports.
Most of the eight stadiums that hosted World Cup matches last year will be used for the Asian Cup in early 2024. Sports official said that based on the country’s hosting of the World Cup the Asian Cup will be “a true spectacle.”
Discover the story of Mansaf, a dish of lamb cooked in yogurt, served with rice and nuts, that was inscribed on UNESCO’s list of intangible cultural heritage.
This Sunday (2), influential oil-producing countries such as Saudi Arabia, Russia, and Iraq announced they would reduce oil production as of May. This measure was taken due to the recent drop in prices and the prospect of increased Chinese demand.
The United Arab Emirates’ president named his eldest son, Khaled Bin Mohamed Bin Zayed, as crown prince of Abu Dhabi, making him the country’s likely next leader.
Living in one of the five countries most exposed to the impacts of climate change, young Iraqis champion the use of environmentally friendly second-hand garments.
The king of Morocco announced the country joined the bid to host the centenary FIFA competition.
Gas company did a initial public offering on the Abu Dhabi Stock Exchange. It was the biggest demand ever seen for an IPO in the Middle East and North Africa.
