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  • Working Women Are Changing Saudi Arabia

    The government’s subsequent campaign to push the private sector to start creating more jobs for Saudis had the unexpected effect of increasing opportunities not only for men but also for women, who joined the workforce in numbers that shocked policymakers: as of 2023, 31 percent of Saudi women were employed. This shift is remolding both the economy and society: Saudi women are becoming a source of tremendous economic potential and a visible and powerful presence across public life in the kingdom.

  • These are our Most Creative People in Business 2024

    In its third edition, Fast Company Middle East’s Most Creative People in Business is honoring 43 creatives and innovators across various sectors, from entrepreneurs, artists, designers, government officials, sustainability champions, and more.

  • Hevolution announces $400 million surge in healthspan funding

    Hevolution Foundation, a global nonprofit organization that provides grants and early-stage investments to incentivize research and entrepreneurship in healthspan science, has announced it has committed $400 million to healthspan sciences over the last 21 months, a move that positions the Foundation as the world’s largest philanthropic funder of geroscience.

  • Saudi Arabia’s US$10 billion investment to tackle food security

    The Saudi Agricultural Development Fund plays a crucial role by supporting local farmers with substantial loans, focusing on staple crops such as barley, maize, and soybeans. These efforts are integral to reducing reliance on imports and ensuring a steady supply of essential commodities.

  • Everything you need to know about the six candidates in Iran’s presidential election

    Due to the unexpected death of former President Ebrahim Raisi (1960-2024) in a helicopter crash on May 19, the Islamic Republic of Iran will hold presidential elections on June 28. Out of the eighty candidates who registered to run, the Guardian Council, a vetting body, approved only six presidential candidates. Five of these candidates are hardliners, with three already on various Western sanction lists, and one is a reformist. The election may proceed to a second round if the reformist candidate can successfully mobilize a significant portion of the discontented populace.

  • Globalization Is Not Dying. It’s Everywhere.

    Trade, however remains, a dominant indicator in the public debate. The World Trade Organization forecasts an uptick in merchandise trade by 2.6% in 2024, accelerating to 3.3% in 2025. The year 2022 saw a record-breaking year for world trade, hitting $32 trillion. Ironically this was the same year that the de-globalization debate gathered pace and became a regular set piece at conferences like the World Economic Forum in Davos or the Milken Institute.

  • How 3 Schengen-style visas planned in GCC, Asia and Africa could change tourism forever

    The Schengen visa has transformed tourism for holidaymakers across the world looking for hassle-free travel to Europe. A single document offering unrestricted access to 29 countries, it delivers a major economic boost for member countries and a major timesaver for travelers themselves. So transformative is the Schengen visa, in fact, that countries around the world are looking to partner up to form trading and diplomatic blocs with mutually beneficial tourism benefits.

  • Israeli forces deepen Rafah invasion, kill 17 in central camps

     Israeli airstrikes on Tuesday killed at least 17 Palestinians in two of the Gaza Strip's historic refugee camps and Israeli tanks pushed deeper into the enclave's southern city of Rafah, residents and medics said.
    Residents reported heavy bombardments from tanks and planes in several areas of Rafah, where more than a million people had taken refuge before May. Most of the population has fled northwards since then as Israeli forces invaded the city.

  • EV startup Fisker files for bankruptcy, aims to sell assets

    U.S. electric vehicle (EV) maker Fisker filed for bankruptcy protection late on Monday, looking to sell its assets and restructure its debt, after succumbing to rapid cash burn to deliver its "Ocean" SUVs in the United States and Europe.
    EV makers such as Proterra, Lordstown and Electric Last Mile Solutions have also gone bankrupt in the past two years due to depleting cash reserves, fundraising hurdles and challenges in ramping up production due to global supply chain issues. Fisker's cars were also under investigation by U.S. regulators.

  • Solar power is now bigger than oil — for the first time ever

    Using a conservative production metric, the panels produced by Tongwei in 2024 will contribute around 27 exajoules of electricity to the grid, while the oil and gas pulled out of the ground by Exxon this year will account for a mere six exajoules. In fact, all seven of the biggest petroleum producers combined will contribute less energy from their products this year than just Tongwei’s long-tail solar production.