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A directed energy laser system has been approved for export to Ukraine to aid in demining efforts, as over 40% of the country is mine-affected. The company plans to leverage its experience in military and infrastructure projects, including missile defense and environmental remediation, while also focusing on border security and urban development in the Middle East. With a strong portfolio in cybersecurity and critical infrastructure protection, the firm aims to align with new defense priorities and capitalize on emerging markets.
The Arab region's GDP rose by 1.8% to $3.6 trillion in 2024, driven mainly by growth in Saudi Arabia, the UAE, Egypt, Iraq, and Algeria, which account for over 72% of the total GDP. Looking ahead, a positive outlook for 2025 anticipates a growth rate of 2.9%, bolstered by increased oil production and major investments, particularly in Saudi Arabia under the Vision 2030 program.
The Arab region's GDP rose by 1.8% to $3.6 trillion in 2024, driven mainly by growth in Saudi Arabia, the UAE, Egypt, Iraq, and Algeria, which account for over 72% of the total GDP. Looking ahead, a positive outlook for 2025 anticipates a growth rate of 2.9%, bolstered by increased oil production and major investments, particularly in Saudi Arabia under the Vision 2030 program.
The recent cuts to US foreign aid, including the termination of a $20 million education project in Iraq by Sesame Workshop, highlight a significant retreat from America's soft power initiatives. Experts warn that this withdrawal could create a vacuum for China's influence in the region, despite its current aid being far less than the US's. The shift raises concerns about the future of US values in promoting human rights and development globally.
On the 14th anniversary of the Syrian civil war, significant cuts to US foreign aid, including the termination of a $20 million education project in Iraq by Sesame Workshop, highlight the erosion of American soft power. Experts warn that these reductions may create a vacuum that China could exploit, despite its current aid being far less than the US's. The shift in US policy raises concerns about the future of humanitarian support and the values the US represents in the region.
The recent cuts to US foreign aid, including the termination of a $20 million education project in Iraq linked to "Sesame Street," highlight a significant decline in America's soft power. Experts warn that this retreat may create a vacuum that China could exploit, although its ability to match US influence is limited by its political structure. The reductions have raised concerns among NGOs and allies about the US's commitment to values like human rights and development in the region.
The recent cuts to US foreign aid, including the termination of a $20 million education project in Iraq linked to "Sesame Street," highlight a significant decline in America's soft power. Experts warn that this retreat may create a vacuum that China could exploit, although its influence is limited by its government control over civil society. The reduction in aid raises concerns about the US's commitment to values like human rights and development in the region.
Ajras secures funding to enhance its position in Saudi Arabia's rapidly growing proptech sector, projected to reach $109 billion by 2030. Meanwhile, ORA Technologies raises $1.9 million to expand its digital payment and food delivery services in Morocco, aiming to drive financial inclusion. Talabat acquires InstaShop for $32 million, strengthening its grocery and retail presence across MENA.
Startup Bahrain has partnered with Reboot Coding Institute to enhance technical skills among entrepreneurs, aiming to strengthen Bahrain's digital economy. This collaboration will provide workshops and mentorship, equipping startup teams with essential coding expertise to foster innovation and competitiveness in the tech sector.
Talabat has acquired InstaShop for $32 million, enhancing its grocery and retail division while allowing InstaShop to operate independently. This strategic move aims to improve logistics, customer experience, and market presence in the MENA region's quick-commerce sector. Both companies will leverage their strengths to drive innovation and growth in online grocery delivery.
IRQ
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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16:24 18.03.2025
Arab region GDP grows 1.8 percent to 3.6 trillion in 2024
13:49 16.03.2025
Arab region GDP grows 1.8 percent to 3.6 trillion in 2024
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13:49 16.03.2025
us foreign aid cuts threaten soft power and education projects in iraq
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us foreign aid cuts threaten soft power and influence in the middle east
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bahrain and morocco lead digital innovation with strategic startup initiatives
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