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MUST-READS
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Power Businesswomen in The Middle East 2020
In the 2020 list, there are 22 new entries and 23 nationalities represented across 28 sectors. Emiratis are the most prevalent nationality with 23 entries. There are also nine Egyptians, eight Lebanese and eight Omani women. British women have the highest representation among non-Arabs, with seven entries. The top 10 is dominated by Saudis, with three of the country’s biggest names in the top five: Samba Financial Group’s Rania Nashar, Tadawul’s Sarah Al Suhaimi and Saudi British Bank’s Lubna Olayan.
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Turkey, Russia can tackle Syria escalation ‘without anger’: Erdogan
An attack by Russian-backed Syrian government forces that killed eight Turkish military personnel on Monday posed the biggest challenge to Russian-Turkish ties since their 2018 deal to stem fighting in Syria’s northwest Idlib region.
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The Yemeni E-rial: A Digital Projection of Monetary Authority
Rather than streamline and improve access to the country’s financial system, the e-rial adds new layers of complexity to the country’s financial market and increases opportunities for intermediaries to exploit distortions in the economy. Yemenis are flocking toward hard currencies, such as Saudi riyals and U.S. dollars, as the Yemeni rial continues to depreciate.
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The first bespoke home for culture and creativity in Saudi Arabia
Art Jameel, an independent organisation supporting arts, education and heritage both in the Middle East and globally, has announced Bricklab as the winner of its international design competition for Hayy:Cinema, Jeddah, Saudi Arabia. The first non-commercial picture house to be designed and built since Saudi Arabia announced in 2018 that it was reopening cinemas, Hayy:Cinema is set to be a home for local film community, and a stage for high quality regional and international independent film.
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Throughout Boeing’s troubles, Airbus is struggling to shine
While its 2019 orders far outstripped Boeing’s, sales were still down from a year earlier. A combination of slowing economic growth, rising trade tensions, and self-inflicted problems that have prevented Airbus from capitalizing on its spot at the top.
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Dubai airport passenger traffic drops in 2019, first time ever
The world’s busiest airport for international travelers since 2014 blamed 3.1% drop on a temporary runway closure, the collapse of India’s Jet Airways (JET.NS), and the worldwide grounding of the Boeing (BA.N) 737 MAX.
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Six Saudi women feature in the 2020 Power Businesswomen in ME list
On the cusp of International Women’s Day next month, Forbes Middle East has unveiled its annual Power Businesswomen in the Middle East list, packed with 100 exceptional businesswomen at the head of many of the most influential and transformational companies in the region. Most of the people on this list have been working their way up a steep career ladder for decades to reach the top of their professions. And let’s not forget how much the world has moved on in those decades. If there were glass ceilings to be smashed, these are the titans that first smashed them.
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Saudi Arabian Mining CEO Says ‘Hopeful’ on Gold
Darren Davis, president and chief executive officer of Saudi Arabian Mining Co., also known as Maaden, talks about commodities including aluminium and gold, and the prospects for his company.
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Saudi’s REDF to deposit $453m towards ‘Sakani’ beneficiaries
Saudi Arabia’s Real Estate Development Fund (REDF) has deposited $453m (SAR1.7m) into the accounts of citizens benefiting from its Sakani housing programme for January 2020. The fund has shown commitment for the fourth year in a row of depositing monthly funding in the accounts of beneficiaries since the announcement of subsidised mortgage in June 2017, according to a report by the state-run Saudi Press Agency.
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Saudi Arabia reports H5N8 bird flu on farm: OIE
Saudi Arabia has reported an outbreak of the highly pathogenic H5N8 bird flu virus on a poultry farm, the World Organisation for Animal Health (OIE) said on Tuesday. The outbreak, which occurred in the central Sudair region, killed 22,700 birds, the OIE said, citing a report from the Saudi agriculture ministry.
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