MOROCCO’s Arif Esa Appointed Deputy Chairman at International Trade Council (ITC)

Esa hopes that his new role will help him raise Morocco’s profile in the fintech and digital industry globally.

Founder and CEO of Moroccan fintech startup moneyIN Arif Esa has assumed the position of Deputy Chairman for the Banking/Finance/Blockchain & Trade Finance department at the International Trade Council (ITC). 

This appointment not only recognizes Esa’s outstanding contributions but also positions him as the first Moroccan entrepreneur to hold such a role within the ITC.

Esa, who holds a stellar track record in finance and fintech, with a portfolio of global recognition and awards, spoke with Morocco World News about his motivation for taking this role, as well as his new responsibilities and objectives.

“Accepting this responsibility was not just an honor but an opportunity to provide pivotal advice and give back to the community. It also aligns seamlessly with our global vision to establish Morocco and Africa as prominent players in the fintech and digital industry,” he said.

As a globally recognized figure, Esa’s reputation in the finance and fintech industry drew the attention of the ITC panel, which spans 179 countries, 79 government trade and investment agencies, 418 chambers of commerce, and a vast network of businesses and employees. 

After undergoing a “meticulous” evaluation process, Esa was humbled to be selected as the Deputy Chairman of this division, he said.

In his capacity as Deputy Chairman, Esa will play a key role in shaping the strategic direction of the ITC’s Banking/Finance/Blockchain & Trade Finance department. 

This role includes overseeing various key focus areas, including financial Instruments, risk mitigation, regulatory compliance, promoting innovative solutions, and capacity building, among others.

A bridge to Morocco

Highlighting the significance of his new role, the Moroccan entrepreneur emphasized, “I am excited about the impact we can collectively achieve, and I look forward to contributing meaningfully to the growth and transformation of trade finance and continuing to promote Morocco and the economy in the years to come.”

One of the central aspects of Esa’s new position is its potential impact on the Moroccan fintech landscape and businesses. His appointment is expected to open doors for Moroccan start-ups and fintech ventures on an international platform, he said.

“With my reputation, influence, and track record in the finance and fintech industry, I am poised to attract heightened attention and interest from investors, venture capitalists, and family offices,” he underlined.

In addition, the Moroccan entrepreneur intends to use his position to advocate for supportive regulatory frameworks for fintech start-ups in Morocco, fostering an environment that encourages investment. 

He also emphasized the importance of mentorship and personalized guidance, stressing that he is “committed to assisting start-ups in overcoming challenges, honing their strategies, and maximizing their potential for success.”

Esa’s engagement with international networks through the ITC is expected to provide Moroccan start-ups with expanded access to global markets, he noted, explaining that it will help them open doors to new markets and strengthen their credibility and standing on a global stage.

He further emphasized that his appointment “symbolizes a bridge between the Moroccan fintech ecosystem and the international financial landscape,” allowing him to “catalyze a transformational shift in how Moroccan start-ups are perceived, supported, and propelled towards greater success.”

Esa reflected on his journey with Morocco moneyIN, an instant payment solution, and how it prepared him for this new position.

“My journey with moneyIN Morocco has been a transformative experience that has uniquely prepared me for the prestigious role of Deputy Chairman within the Banking/Finance/Blockchain & Trade Finance department at the International Trade Council,” he explained.

He highlighted several key areas where his experience with moneyIN proved instrumental, including his ability to navigate the rapidly evolving fintech landscape and understand the potential of technologies like blockchain.

In particular, his background as an entrepreneur equipped him to empathize with the challenges start-ups face and advocate for measures that facilitate their growth.

His engagement with start-ups underscored the importance of mentorship and education, which Esa plans to extend globally.

Esa concluded by offering valuable advice to aspiring Moroccan entrepreneurs, encouraging them to “dream boldly, embrace disruption, and lead with integrity.”

He emphasized the importance of resilience, continuous learning, and global thinking, saying, “Aspire not only to make a mark but to leave an indelible legacy of positive change that reverberates across borders and generations.”

source/content: moroccoworldnews.com (headline edited)

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MOROCCO

SHARJAH, U.A.E: Najla Al Midfa, CEO of Sheraa Wins Arabian Business Award

Najla Al Midfa, CEO of the Sharjah Entrepreneurship Centre (Sheraa), has received the coveted Arabian Business Arab Woman Award for Entrepreneurship during the Arabian Business Arab Woman Awards 2023, held at Jumeirah Mina A’Salam Hotel in Dubai.

The Arabian Business Arab Woman Awards 2023 recognised and celebrated exceptional women who have made significant contributions to various fields.

This prestigious accolade is a testament to Al Midfa’s relentless dedication to fostering entrepreneurship in the Arab world and her true commitment to empowering founders and innovators.

Najla Al Midfa’s passion for entrepreneurship has helped take Sheraa to new heights, empowering aspiring entrepreneurs not just in the UAE but across the Arab region and the world. Through various initiatives, Sheraa has emerged as a thriving ecosystem that nurtures and supports budding business founders, providing them with the tools and resources needed to transform their dreams into reality.

Commenting on the award, Najla Al Midfa eloquently said, “It is often said that every great dream commences with a dreamer standing atop the shoulders of giants. I humbly dedicate this award to two such giants, visionaries who have paved the way for us on this remarkable journey. H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, who envisioned the emirate not merely as an Arab city, but as a global beacon for human advancement and progress, and Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Sheraa, whose unyielding commitment to nurturing the next generation of changemakers knows no bounds.”

The Sheraa CEO gave homage to her team saying, “The incredible team at Sheraa embodies the essence of this vision, thanks to their relentless drive that every idea finds its purpose, every challenge morphs into an opportunity, and every enraptured dream inches closer to reality. And lastly, a tribute to the entrepreneurs we have had the honour of working with. You invigorate us every single day with your determination to push the boundaries of what is possible. Your ventures echo the realisation of the vision that guides us at Sheraa, reiterating that with collective effort, the sky is not the limit but the beginning.”

source/content: wam.ae (headline edited)

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SHARJAH, UNITED ARAB EMIRATES (U.A.E)

SAUDI ARABIA: Saudi Economy Joins Trillion-Dollar Club: FSC

Saudi Arabia has reached a significant milestone as its gross domestic product crossed the coveted 1 trillion-dollar mark for the first time, revealed the umbrella body of the Kingdom’s business community. 

According to the state-run news agency, the Federation of Saudi Chambers revealed that the Kingdom achieved the GDP of SR4.15 trillion ($1.11 trillion), meeting the state’s goals for 2025. 

The Saudi Press Agency cited the FSC study reporting that the Kingdom achieved an economic growth rate of 8.7 percent in 2022, the highest among the member states of G20. 

The report also found that the private sector’s contribution to the economy increased to SR1.63 trillion, or 41 percent of GDP in 2022, with a growth rate of 5.3 percent. 

Strengthening the non-oil private sector is a crucial agenda of Saudi Arabia’s Vision 2030, as the Kingdom’s economy has steadily reduced its dependence on oil. 

The report added that non-governmental investments increased to SR907.5 billion, with a growth rate of 32.6 percent in 2022, while the number of private workers rose from 8.08 million in 2021 to 9.42 million in 2022. 

Moreover, the number of Saudis working in the private sector increased from 1.91 million in 2021 to 2.19 million in 2022. 

Highlighting Saudi Arabia’s success in its economic diversification efforts, the Saudi Chamber of Commerce added that the value of non-oil exports reached SR315.7 billion in 2022, accounting for 20.5 percent of commodity exports. 

Earlier this month, the International Monetary Fund said Saudi Arabia’s fiscal prospects are solid in the near term, with risks broadly balanced, driven by Vision 2030, which has been diversifying the Kingdom’s economy since its launch in 2016. 

According to the UN financial agency, Saudi Arabia has sufficient precautionary reserves, and the peg of the exchange rate to the US dollar served the Kingdom’s economy well. 

IMF added that Saudi Arabia has maintained its average consumer price index despite rising inflation in other nooks.

source/content: arabnews.com (headline edited)

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The Kingdom achieved an economic growth rate of 8.7 percent in 2022, the highest among the member states of G20. Shutterstock 

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SAUDI ARABIA

SAUDI ARABIA elected President of ‘Asian Organization of Supreme Audit Institutions’ from 2027-2030, at its 59th meeting in Busan, South Korea

The Kingdom was selected in a vote by the Asian Organization of Supreme Audit Institutions during its 59th meeting, which took place in Busan, South Korea this week.

Saudi Arabia, represented by its General Court of Audit, has been elected to be president of the Asian Organization of Supreme Audit Institutions from 2027 to 2030.

The Kingdom was selected in a vote by the organization’s board of governors during its 59th meeting, a four-day event in Busan, South Korea, that concluded on Friday.

Hussam Al-Angari, president of the General Court of Audit, congratulated the Saudi leadership for the success of the country in being awarded the role, which he said “would not have been achieved without the high status enjoyed by the Kingdom,” the Saudi Press Agency reported on Friday.

He added that the honor reflects the great leadership role and reputation of the Kingdom, through its General Auditing Bureau, in the financial sector and in the fields of auditing, drawing up public financial-monitoring policies at the regional and international levels, and its effective participation in policy development and decision-making related to international professional policies and practices.

Established in 1978, the organization has 48 member states and is currently chaired by Thailand’s State Audit Office, while China’s auditor general carries out the duties of its General Secretariat.

The regional branch is affiliated with the International Organization of Supreme Audit Institutions, which is considered the professional reference and international incubator for public financial oversight and accounting.

source/content: arabnews.com (headline edited)

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Hussam Al-Angari, president of the General Court of Audit, takes part in 59th Asian Organization of Supreme Audit Institutions meeting in Korea. (SPA)

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SAUDI ARABIA

TANZANIA: The Top Seven Human Evolution Discoveries From Tanzania

Fossil finds from Tanzania in the mid-20th century kicked off East African hominid hunting.

Lucy and Ardi are the poster children of human evolution. But these famous fossil skeletons may never have been found if it weren’t for Louis and Mary Leakey’s pioneering efforts. The pair made several discoveries at Tanzania’s Olduvai Gorge in the 1950s and 1960s that inspired other anthropologists to come to East Africa in search of human ancestors. Here’s a look at some of the most important hominid fossil finds from Tanzania.

The Nutcracker Man (OH 5): The Leakeys’ first major discovery at Olduvai Gorge occurred in 1959. Mary found the roughly 1.8-million-year-old skull of a hominid with a flat face, gigantic teeth, a large crest on the top of its head (where chewing muscles attached) and a relatively small brain. They named the species Zinjanthropus boisei (now known as Paranthropus boisei). Nicknamed the Nutcracker Man, the species was too different from modern people to be the direct human ancestor that Louis had been hoping to find. But the discovery captured public interest in human evolution, and the Leakeys went on to unearth many more hominid fossils at Olduvai. OH 5 is the fossil’s official catalog name, meaning Olduvai Hominid Number 5.

Johnny’s Child (OH 7): The next big Leaky discovery came in 1960. Mary and Louis’ son, Johnny, found a lower jaw about 300 yards away from where the Nutcracker Man was discovered. The bone came from a young hominid; thus, the fossil was nicknamed Johnny’s Child. At the same spot, the Leakeys also dug up some hand bones and skull fragments. Using these skull fragments, the Leakeys and their colleagues estimated the roughly 1.8-million-year-old hominid’s brain size: 680 cubic centimeters. That was significantly bigger than the size of the average australopithecine brain, about 500 cubic centimeters. The hand bones revealed that the hominid had a “precision grip,” when a fingertip presses against the tip of the thumb. This movement allows for fine manipulation of objects, such as turning a key in a door or threading a needle. The precision grip led the Leakeys to conclude that this hominid was the one who made the stone tools found at Olduvai. Because of the tool-making and the big brain, the Leakeys decided OH 7 represented the earliest member of the genus HomoHomo habilis (meaning Handy Man).

OH 8: Also in 1960, the Leakeys’ team discovered a well-preserved fossil foot belonging to H. habilisThe bones indicate the hominid had modern-looking foot arches, suggesting the species walked like modern people do. Tooth marks on the specimen’s ankle reveal the hominid had been a crocodile’s lunch.

OH 9: At the same time the Leakeys unearthed the first examples of H. habilis, they also recovered the skull cap of a more recent hominid dating to about 1.4 million years ago. At 1,000 cubic centimeters, the specimen’s brain was much bigger than that of H. habilis. The skull had thick brow ridges and a low, sloped forehead—key features linking the fossil to the species Homo erectus.

Twiggy (OH 24): Discovered in 1968 by Peter Nzube, Twiggy is a skull belonging to an adult H. habilis dating to roughly 1.8 million years ago. Although OH 24 is the most complete H. habilis skull from Olduvai Gorge, it was found crushed completely flat (and therefore named after the slender British model of the same name). Paleoanthropologist Ron Clarke reconstructed what the skull would have looked like, but it’s still fairly distorted.

LH 4: In the 1970s, after Louis died, Mary began excavations at Laetoli, about 30 miles from Olduvai Gorge. The fossils she was finding there were much older than the bones she and Louis had discovered at Olduvai. In 1974, for example, her team unearthed a lower jaw with teeth dating to 3.6 million years ago. It was cataloged as Laetoli Homind 4, or LH 4. Around the same time, anthropologists at the site of Hadar in Ethiopia were also finding hominid fossils dating to more than 3 million years ago, including the famous Lucy skeleton. At first, no one was sure what to call these older fossils. After analyzing both the Hadar and Laetoli specimens, anthropologists Tim White and Donald Johanson (Lucy’s discoverer) concluded that all of the fossils represented one species that they called Australopithecus afarensis. They chose LH 4 as the species’ type specimen, or the standard representative of the species. Mary did not approve. She didn’t believe the fossils from Laetoli were australopithecines. But under the rules of taxonomy, once a type specimen is designated, it’s forever associated with its species name. (For more on the controversy, see Johanson’s book Lucy.)

Laetoli Footprints: In 1978, one of Mary’s team members, Paul Abell, made the most famous discovery at Laetoli: He found the trail of about 70 fossilized hominid footprints. Based on the footprints’ age, 3.6 million years, anthropologists think they were made by an A. afarensis group. The footprints reveal this early hominid had a very modern way of walking. The big toe was in line with the other toes, not off to the side like an ape’s big toe. And the prints reveal the walkers had arches, unlike the flat feet of an ape. The footprints also suggest A. afarensis had a modern gait.

source/content: smithsonianmag.com (headline edited)

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An artist’s reconstruction of Paranthropus boisei, a hominid species that was first discovered in Tanzania. Image: dctim1/Flickr

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TANZANIA

SUDAN: Young Sudanese Inventor Moatasem Jibril, Utilises Electronic Waste to Build Robots

Moatasem Jibril, a young man from Sudan, is realising his dream of conducting technological experiments to manufacture robots by using recycled electronic waste.

Despite modest capabilities and living in a mud house in the city of Omdurman, west of the capital, Khartoum, Jibril did not give up on his dream of making a robot, even after having to quit university due to the deteriorating economic conditions of his family.

For about ten years, Jibril has been trying to create robots in a narrow space inside his family house, and he challenges poverty by working daily in the market to earn money to purchase the materials he needs for his project. He hopes that his dream will be funded by any businessman or institution.

Sudan is suffering from many crises, starting with a shortage of basic and imported commodities, as well as the depreciation of the local currency, in addition to the government’s measures to lift fuel subsidies at the request of the International Monetary Fund in 2021.

Childhood dream

Jibril’s dream of making robots arose from his childhood, inspired by cartoons.

“Making robots is a dream that has been in my mind since childhood, and I try hard to turn my dream into reality,” he said.

He started making robots nine years ago, after watching many movies that talk about inventors.

The young man mainly relies on the electronic waste that he obtains at a low price from local markets to build his robots, since the basic components exceed his financial ability.

He is searching continuously and painstakingly in electronic markets on the internet for any electronic parts offered for sale that are suitable for his industry, to buy them at reasonable prices.

Sudan is witnessing fluctuations in the abundance of foreign exchange, which raises the cost of imports and bears the final consumer the exchange rate differences, in addition to the rise in global prices, especially fuel and food.

Economic conditions

“In the initial stages, I moved more freely after studying and saving some money from my daily allowances,” Jibril said.

He was studying electronics engineering at the International University of Sudan. He often worked while studying, to save money to pay tuition fees and sit for exams. However, due to financial weakness of his parents, he missed many exams and eventually found himself dismissed from the University.

Jibril did not pay attention to the ridicule of his school and neighbourhood friends, and continued to implement his idea day and night.

“I still suffer from the mockery of colleagues and friends at the University when I begin to explain my project related to the manufacture of robots,” he said. “They consider it mere triviality, despite my continuous explanation of the idea of the project using engineering methods and three-dimensional designs.”

Jibril hopes that his economic conditions will improve, so he can return to the University to complete his academic studies in engineering and software fields.

He aspires to complete a project in building robots on a scientific basis and then start selling them.

As for his big dream, it is to go beyond the robotics industry and reach the stage of manufacturing micro-precision missiles and apply his motto that says: “Everything is possible with determination and persistence.”

He is looking forward to the future by completing his academic studies and hopes to find sponsorship from local or international institutions that will adopt his project to crown his success story and reach the world.

source/content: middleeastmonitor.com (headline edited)

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Sudanese Moatasem Jibril, who dropped out of his electronics engineering course for economic reasons, works on a robot in his house using waste products in Khartoum, Sudan on 2 March 2023 [Mahmoud Hjaj/ Anadolu Agency]

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SUDAN

TUNISIA: Saida Manoubiya: The Story of a Tunisian Feminist Icon

By calling for women’s education and freedom, Saida Manoubia was truly a feminist ahead of her time.

Her shrine, located in the governorate of Manouba, west of Tunis, is a historical and cultural landmark of the city. It’s a gathering spot for locals and a venue for musical events. Visitors partake in the eating, conversing, and singing of folk songs praising and singing the saint’s virtues.

When I got inside, I was advised to talk to Aunt Zaziya, an elderly woman who resides in one of the building’s rooms. A long line of people had formed outside her door. I stepped in and sat down while she was having lunch in a small room surrounded by a few bags of gifts from the visitors a short time later.

People bring Aunt Zaziya treats to give away to visitors, as well as meat to cook and eat there, and she sends them away with Lella Saida’s blessings. She told me stories about couples who were able to conceive after years of unsuccessful attempts and women who married at a very advanced age thanks to the saint’s blessings. Aunt Zaziya, on the other hand, refused to continue the conversation when I told her I wanted to learn more about this renowned and revered woman.

I had the opportunity to speak with some of the women present and hear their stories. Amira, 25, described her visits to the shrine as providing her with “interior comfort.” But she didn’t know anything about Lella Saida’s background, her life story, or Sufism in general. Saida Manoubiya was described as a “smart and nice woman who assisted the underprivileged” by other regular visitors. However, the specifics of what made her such a wonderful woman were not widely known.

This lack of understanding runs against to Saida Manoubiya’s own beliefs, as well as how she lived her life and why she is regarded as one of Tunisia’s greatest women.

Education in a Patriarchal Society

Aicha, who grew up in Tunis during the Hafsid reign in the 13th century, possessed outstanding intelligence and intuition. Her father was a religious figure, an Imam or a Quran instructor. In his relationship with Aicha, it’s worth noting that he encouraged her education by teaching her Arabic (her native tongue is Amazigh) and the Quran.

It was evident that Aicha was different; she was a free spirit who refused to conform to the limits put on women at the period, something the villagers did not appreciate. Her behavior was viewed as unconventional or liberal, to the extent where her father was frequently chastised for her conduct.

When Aicha was told she would be married to a relative, she refused and decided to leave, an option that is still frowned upon now in Tunisia, let alone in the 1200s. Aicha was seeking freedom, financial independence, and education when she left Manouba for Tunis and sacrificed her family life. She was leaving behind the confines of a loveless marriage and traditional social constraints, as well as the confines of a loveless marriage and traditional social constraints.

According to historian Abdel Jalil Bouguerra, education was only available to specific women during that time: foreigners from the Mashreq, Al-Andalus, or the ruling family’s elite women. Aicha, on the other hand, was neither of these things.

She began knitting and spinning wool to support herself after settling in Montfleury, and she quickly became a disciple of Abu al-Hasan al-Shadhili, one of the most renowned religious personalities of his time, who was immersed in the Sufi school of Ibn Arabi al-Andalusi. Women and men are equal, according to Ibn Arabi, a controversial yet prominent person in Islamic history. It’s no wonder that Aicha picked this Sufi order as her educational path because he wrote extensively about the different female teachers who molded his spiritual knowledge.

Aicha continued to break social conventions at the time. She studied the Quran and attempted to analyze it attentively in order to comprehend its contents, opting for inquiry as a way to religion. She would leave her house without a male companion and go out to preach and debate with men. Some Sheikhs are said to have called for her stoning as a result of this.

She, on the other hand, worked hard in class, passed multiple exams, and swiftly advanced from student to teacher. Sufi intellectuals and kings were drawn to her arguments with her mentor, al-Shadhili. Continuing her schooling at that time is a remarkable achievement in and of itself. But pursuing and teaching Islamic studies and religion, a field dominated largely by men, is even more impressive.

Prominence & Influence

Aicha rose to prominence as a significant religious person in Tunisia, with connections to the most powerful religious groups. In Sufi societies, accompanying her master to various prayer spots on top of mountains and hills is considered a luxury. She then got close to prince Abou Mouhamad Abdel Wahed and Sultan Abou Zakariyah, and she received access to prayer sites formerly only open to men, such as Mousalla Al-Idayn, erected by Abi Zakariya in 1229.

Aicha’s fluent style and advanced language skills, which were once exclusively expected of prominent male intellectuals, as she preached at the Mosque of Safsafa (the area is now the shrine of Abdallah Chrif), astounded and amazed people.

Aicha was a philanthropist who lived off her earnings and gave the remainder to the underprivileged, especially women, in addition to her scholastic and religious qualities. There is also evidence that she purchased some Tunisian slaves who were being shipped to Italy only to free them six centuries before slavery was abolished in Tunisia in 1846.

In an official ceremony, Al-Shadhili gave Aicha his cloak, ring, and the title of Qutb, and referred to her as a “Imam of men” as he was leaving Tunisia. In Sufism, the highest spiritual position is Qutb (literally “pole”), and Aicha was a pole of knowledge and religion during her lifetime and beyond.

Her spirituality and deeds influenced people’s lives in such a way that she was elevated to the status of a Saint, and her life was surrounded by supernatural and divine legends known in Sunni Islam as “Karamat.” Her father once gave her a bull for agricultural purposes, but she instead gave it all to the impoverished, requesting them to return the bones. The bull came back to life once the bones were retrieved.

What is certain about her life is that she was a strong, independent woman who was able to break free from social constraints and establish herself as an equal and intellectual superior to males of her time. Saida Manoubiya was a feminist ahead of her time, advocating for women’s education and freedom.

source/content: carthagemagazine.com (headline edited)

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An October 2012 file picture shows Tunisians gathering outside the Saida Manoubia shrine after hard-line Salafists torched the important Sufi shrine.

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TUNISIA

SAUDI ARABIA: Aramco to Buy 100% Stake in Chile’s Fuel Retailer ‘Esmax’ to bolster downstream expansion

The deal enables world’s largest oil exporting company to enter South American fuels and lubricants retail market.

Saudi Aramco , the world’s largest oilexporting company, has agreed to buy a 100 per cent equity stake in Esmax Distribuscion, a downstream fuels and lubricants retailer in Chile, from private equity company Southern Cross Group.

The value of the deal was not disclosed.

“Aramco’s planned acquisition of Esmax would be its first downstream retail investment in South America, recognising the potential and attractiveness of these markets while advancing Aramco’s strategy of strengthening its downstream value chain,” Aramco said in a statement on Friday.

The transaction is subject to certain customary conditions, including regulatory approvals, it added.

Esmax’s businesses include retail fuel stations, airport operations, fuel distribution terminals and a lubricant blending plant.

Aramco said this deal would enable it to “secure outlets for its refined products and help expand its retail business internationally”.

he acquisition would also further unlock new market opportunities for Valvoline branded lubricants, following Aramco’s acquisition of the Valvoline global products business in February 2023, the company added.

This agreement “creates a platform to launch the Aramco brand both in Chile and South America more broadly, unlocking significant potential to capitalise on new markets for our products”, Mohammed Al Qahtani, Aramco downstream president, said.

Aramco is the third most valuable company in the world, with a market value of $2.08 trillion, behind Microsoft ($2.44 trillion) and Apple ($2.86 trillion) as of August 6. It is the second largest company by revenue behind Walmart, which has held the top position since 2014.

Last month, the company said its second-quarter net profit softened due to voluntary production cuts and lower crude prices, although the results were in line with analyst expectations.

Net profit after zakat for the three-month period to the end of June fell 38 per cent to about $30.1 billion, from its record $48.4 billion in the year-earlier period, the national oil company of Saudi Arabia said in a regulatory filing to the Tadawul stock exchange, where its shares are traded.

Net income for the second quarter of this year fell about 6 per cent from the first quarter of 2023.

Net income for the first half of the year fell nearly 30 per cent to $61.96 billion from the same period of 2022, due to lower crude oil prices and weakening refining and chemicals margins.

The company has been expanding its presence in vital markets globally.

This week, Saudi Aramco’s venture capital arm Wa’ed Ventures and BOLD Capital Partners , a US-focused firm, led a $52 million funding raised by US-based Mighty Buildings, a 3D-printing construction technology firm.

In July, Saudi Aramco closed a deal to acquire a 10 per cent stake in Shenzhen-listed Rongsheng Petrochemical for $3.4 billion.

Four months earlier, a Saudi Aramco unit had acquired a 10 per cent stake in Rongsheng Petrochemical, in a deal valued at $3.6 billion that would “significantly” expand its refining operations in China.

source/content: thenationalnews.com (headline edited)

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At the signing ceremony( front row, from left) Southern Cross group partner Raul Sotomayor and acting president of Aramco Europe Mansour Al Turki. Back row, from left, Southern Cross group partner Jaime Besa, Aramco executive vice president of products and customers Yasser Mufti, Aramco director of retail business solutions Nader Douhan and Aramco director of mergers and acquisitions Mohammed Al Qahtani. Photo: Aramco

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SAUDI ARABIA

PALESTINE: UNESCO votes to list ‘Ancient Jericho Ruins’ of ‘Tell es-Sultan’ as World Heritage Site during annual meeting in Saudi Arabia

Jericho is one of the oldest continually inhabited cities on earth.

The United Nations’ cultural organization UNESCO inscribed the pre-historic site of Tell es-Sultan, near the Palestinian city of Jericho in the occupied West Bank, on its World Heritage List on Sunday.


Tell es-Sultan, which predates Egypt’s pyramids, is an oval-shaped tell, or mound, located in the Jordan Valley that contains the prehistoric deposits of human activity.

The UNESCO decision, which was posted by the organization on X, formerly Twitter, was taken at its 45th world heritage committee meeting held in Riyadh, Saudi Arabia.
“The property proposed for nomination is the prehistoric archaeological site of Tell es-Sultan, located outside the antique site of Jericho,” UNESCO’s assistant director general, Ernesto Ottone, said at the session.


The site was inscribed following a three-year candidacy “during which no state party raised any objections,” said a diplomat, speaking on condition of anonymity as he was not authorized to speak to the media. “There are no Jewish or Christian remains found at the (Tell Al-Sultan) site. It’s a place of pre-historic remains,” the diplomat told AFP.

Palestinian president Mahmoud Abbas said he considered the decision to inscribe Tell es-Sultan “a matter of great importance and evidence of the authenticity and history of the Palestinian people.”He vowed that the Palestinian authorities would “continue to preserve this unique site for all humanity,” according to a statement from his office.


UNESCO’s listing shows that the Tell es-Sultan site is “an integral part of the diverse Palestinian heritage of exceptional human value,” Palestinian tourism minister Rula Maayah, who was attending the meeting in Riyadh, said in a statement.Given Tell es-Sultan’s “importance as the oldest fortified city in the world… it deserves to be a World Heritage Site,” she said.


“A permanent settlement had emerged here by the 9th to 8th millennium BC due to the fertile soil of the oasis and easy access to water,” UNESCO said on its website.

UNESCO said the “skulls and statues found on the site” testify to cultic practices among the neolithic population there, while the early bronze age archaeological material shows signs of urban planning.


The Tell es-Sultan site has been under excavation for over a century and is billed as the oldest continuously inhabited settlement on the planet, the official Palestinian news agency Wafa reported.


Tell es-Sultan is the fourth Palestinian site to be listed on UNESCO’s world heritage list, alongside the Church of the Nativity and the Old City of Hebron.

source/content: arabnews.com (headline edited)

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A view of the pre-historic site of Tell al-Sultan, near the Palestinian city of Jericho in the occupied West Bank, which predates Egypt’s pyramids. (Hazem Bader/AFP) 

A tourist rides a camel at the pre-historic site of Tell al-Sultan near the Palestinian city of Jericho in the occupied West Bank on September 17, 2023, which was added to the UNESCO World Heritage List on the same day. (Hazem Bader/AFP) 

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PALESTINE

The Awafi Kitchen Connects Iraqi and Jewish Food Cultures

Annabel Rabiyah moves through the kitchen with familiarity. She’s unconcerned with measurements and makes Iraqi kubbeh (meat wrapped in a wheat pastry and fried) and khubz tawa (Iraqi flat bread) from memory, using her hands to mix ingredients. She knows when to add more water to the farina and flour mixture for the kubbeh based on the feel of the dough, and she’s generous with the black pepper, a spice central to Iraqi food.

As head chef and co-founder of the Awafi Kitchen, a Boston-based pop-up culinary space dedicated to sharing Iraqi-Jewish food and culture, Rabiyah cooks the Iraqi food she learned from her family. She started the Awafi Kitchen in 2017 with several family members to tell stories through food and highlight the overlap between Iraqi and Jewish food.

“The more I delved into learning about the cuisines, [what] I thought was essentially Jewish was [also] Iraqi food,” Rabiyah said. “It’s not even similar, it’s essentially just Iraqi food.”

Before the pandemic, the Awafi Kitchen partnered with local artists and venues to offer a culinary element to their projects, hosted pop-up meals at restaurants in the Boston area, and used these collaborations to uplift Sephardic and Mizrahi Jewish history and culture. More recently, Rabiyah has pivoted to teaching online cooking classes, and occasional baked good deliveries. She can be seen on YouTube, demonstrating a recipe for ba’be ‘btamur, Iraqi-Jewish hand-rolled date pastries, and khubz tawa, which she taught herself by watching Iraqi videos and experimenting in the kitchen.

Rabiyah—who has a Master’s degree in nutrition and has a day job as an urban farmer supporting 56 community gardens in Boston for The Trustees of Reservations—has used her work with Awafi Kitchen to go deeper into her own cultural background. It’s also part of a larger effort to bring attention to the cuisine and culture of Jewish people who aren’t part of the Ashkenazi majority.

Creating Space for Sephardic and Mizrahi Jewish Identities

Rabiyah, who grew up in the U.S. with an Ashkenazi Jewish mother and an Iraqi father, spent years grappling with questions about her heritage. “I grew up with a very politicized identity,” she said. “As a child, people really didn’t believe that Iraqi Jews existed.”

Rabiyah’s family immigrated to the U.S. from Baghdad after the 1967 Six-Day War. Before that, she says, Jewish and Iraqi culture were synonymous there, largely because of the size of the Jewish population. “In the [1930s] it was 40 percent Jewish in Baghdad,” said Rabiyah. “They shut down the main commercial street for Shabbat.” Now, the Jewish community there is essentially non-existent.

It’s hard to say how many Sephardic and Mizrahi Jews live in the U.S.; the U.S. Census doesn’t ask about Jewish religion or culture, and most national surveys of American Jewish life fail to ask respondents about lineage. One survey conducted by Brandeis University found that 88 percent of American Jews identify as white, 2 percent as Black, 5 percent as Hispanic, and 4 percent as “other.” One analysis by a group of Stanford researchers concluded that 12–15 percent of American Jews are people of color. For the same reasons, there’s little data on how many Jews in the U.S. identify as Ashkenazi, but immigration throughout the 20th century was largely from Eastern European countries.

Judaism is a global religion with multiple distinct cultures. Yet in the U.S., a country that has long been a site of refuge and relocation for Jewish people fleeing persecution, the dominant stories about Jewish culture center Ashkenazi Jews, whose ancestors hail from Eastern European countries and Russia. They’re often perceived as white and of European descent, and their assimilation into American culture has helped to create a false narrative that Ashkenazim are the norm. The impact of this, Rabiyah said, is an erasure of Sephardic and Mizrahi Jews, whose lineages begin in North Africa, Spain, and the Middle East.

Rabiyah is using food to record family history, document generations of Jewish movement across countries, and to demonstrate that people like her—Jews of color—exist. Take tbeet, a famous Iraqi-Jewish dish that involves slowly cooking a chicken in rice and is deeply embedded in Jewish faith and culture. It was traditionally started on Fridays, before it was forbidden to start a fire to honor the Sabbath, and served 12 hours later on Shabbat.

She also hopes to show how Iraqi Jews have acculturated to the U.S. and continue to adapt traditional foods here by swapping out ingredients that are easier to find. In order to develop recipes for the Awafi Kitchen, she reached out to elders in her family and in her community and asked them to tell her about recipes that have never been written down.

“Family is at the core of our food, and our story,” Rabiyah wrote on Instagram. “Our family members include some of the last Iraqi Jews that grew up in Iraq. Their memories feel so important to preserve.”

Collaborating with Sephardic and Mizrahi Creative Culinary Projects

In December, Rabiyah partnered with the Brooklyn-based collective Experimental Bitch Presents in their production of a play called In The Kitchen. Rabiyah developed the recipe for ba’aba beh tamur, an Iraqi cookie typically made for the Jewish holiday of Purim. To adapt to the pandemic, the project was a play-in-a-box: audience members received boxes with the audio play and the ingredients and recipe for the cookies.

Listeners heard the voice of Hannah Aliza Goldman, an actor, performer, writer, and food historian, draw on her own family history—her father’s lineage is Sephardic from Morocco, and her mother is Ashkenazi.

In preparation for the play, Goldman retraced her grandmother’s journey and returned to the village in Morocco where she grew up. In the 1930s, more than 250,000 Jewish people lived in Morocco, while today that number hovers around 3,000. For Goldman, much like Rabiyah, cooking traditional Sephardic recipes is a way to rebuild lost connections to that side of her cultural heritage.

“In Jewish culture we have different definitions of homeland,” Goldman said. “My grandmother was very religious. For her, Eretz Zion—Israel—was the homeland and they chose to move there for religious reasons. In the same vein, Morocco was also her home.”

Championing Sephardic and Mizrahi cuisine while telling the stories of migration and multiple homelands is a way of preventing cultural erasure, said Coral Cohen, the play’s director. For this reason, she plans to work with other Sephardic and Mizrahi artists in the future as well. Like Goldman, Cohen comes from a Mizrahi and Ashkenazi family. “Being white-passing, it’s important to acknowledge the privilege that we have, but really important to strongly identify as Mizrahi Jews, as Sephardic, as Iraqi, or Persian, because we are so erased in this country,” Cohen added.

Cohen and Goldman relied on community partners, such the Sephardic Mizrahi Q Network, a community of LGBTQ-identifying Sephardic and Mizrahi Jews who gathered around meals before the pandemic, to get the word out. The Q Network was inspired to use food as a way to reconnect with heritage, tell stories, and demonstrate that there are multiple valid ways of being Jewish.

In 2017, Ruben Shimonov, born in Uzbekistan and raised in the U.S., found himself searching for a Jewish community of people like himself: queer, non-Ashkenazi, and able to hold multiple identities at once. Every Friday night for Shabbat, members of the Q Network would share a meal together. Now, the community shares space on a Zoom screen, but prior to the pandemic the New York-based organization would rotate hosting responsibilities, eating in a different home every week.

“Food is one of society’s oldest technologies of community building,” Shimonov said. “We’ve had everything from chicken with preserved lemon and green olives to Persian rice. All the food represents the beauty and the diversity in [the Jewish] community.”

Representing that diversity is equally important to Rabiyah. For her, cooking her own family’s recovered recipes is a way of ensuring that other Sephardic and Mizrahi Jews feel increasingly seen and heard. “If you want your perspective to be shared,” she said. “Especially if you’re in a context of a lesser-told history—you have to tell it yourself.”

source/content: civileats.com (headline edited)

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AMERICAN IRAQI