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Asharq News Network Celebrates 3rd Anniversary

Asharq Network expanded its platforms to keep pace with the audience (Asharq Al-Awsat)
Asharq Network expanded its platforms to keep pace with the audience (Asharq Al-Awsat)
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Asharq News Network Celebrates 3rd Anniversary

Asharq Network expanded its platforms to keep pace with the audience (Asharq Al-Awsat)
Asharq Network expanded its platforms to keep pace with the audience (Asharq Al-Awsat)

Asharq News Network celebrated this week its third year launching its multiplatform economic news services, including Asharq News and Asharq Business with Bloomberg.

 

The 24/7 multiplatform Arabic news service broadcasts across the Arab world and beyond with news and an in-depth analysis reported through the lens of the economy.

 

The platform was launched in 2020 with an exclusive content agreement with Bloomberg Media, the business and financial information news leader, to broadcast Asharq Business with Bloomberg, airing content daily.

 

On the anniversary, Asharq News General Manager Nabeel al-Khatib said the company witnessed exceptional growth in audience figures from Asharq News and Asharq Business with Bloomberg.

 

"The successful growth is a testament to the quality of Asharq platforms, and the objective is to meet our audience demands by providing the information they need, in the places they want to view, to inform, inspire and empower decision making," Khatib said.
He indicated that the new free-to-view platforms, Asharq Documentary, Asharq Discovery, and Asharq audio offerings, are a natural new phase in the Asharq expansion journey.

 

Asharq News and Asharq Business with Bloomberg are the leading Arabic-language business news providers, appealing to business leaders and a younger generation that understands the importance of global economic, financial, and corporate information.

 

The exclusive content agreement provides access to Bloomberg's extensive financial and economic content, analysis, and market data.

 

The content is delivered through a dedicated television channel and multiple digital platforms, offering continuous insights into the people, events, organizations, and ideas that impact the MENA region and international markets.

 

The platform is unique in its exceptional variety of programs, rich in in-depth and accurate analyses.

 

Popular programs include the first business morning show in the Middle East, ' Assabah Maa Cyba,' 'East Indices,' 'Aswaq Asharq,' 'East-West,' and the 'Evening Session.'

 

Programming also includes two weekly business shows that cover energy and technology topics: 'Taqa Plus' and 'Tech Plus.'

 

Asharq News Network also covers specialized topics on dedicated social media accounts such as Asharq Business Sports, Asharq Business Crypto, Asharq Business Technology, and Asharq Business Green, focusing on climate change, sustainability, and green news and Asharq Bloomberg Businessweek.

 

Asharq News has established itself as a leading Arabic platform for the past three years. It is now the fastest-growing news channel on social media in the MENA region, with 50 million followers across all platforms.

 

Since its launch, the platform has won over 35 global and regional awards.

 

Asharq News is headquartered in Riyadh, with central offices in the Dubai International Financial Center, UAE, and Washington DC, and major hubs and studios in Cairo and Abu Dhabi.

 

It has an extensive network of regional offices and correspondents across key Arab countries and in global capitals and access to the content produced by hundreds of reporters from Bloomberg's network worldwide.

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Varieties

From Deluges to Drought: Climate Change Speeds up Water Cycle, Triggers More Extreme Weather

People walk through a part of the Amazon River that shows signs of drought, in Santa Sofia, on the outskirts of Leticia, Colombia, Oct. 20, 2024. (AP)
People walk through a part of the Amazon River that shows signs of drought, in Santa Sofia, on the outskirts of Leticia, Colombia, Oct. 20, 2024. (AP)
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From Deluges to Drought: Climate Change Speeds up Water Cycle, Triggers More Extreme Weather

People walk through a part of the Amazon River that shows signs of drought, in Santa Sofia, on the outskirts of Leticia, Colombia, Oct. 20, 2024. (AP)
People walk through a part of the Amazon River that shows signs of drought, in Santa Sofia, on the outskirts of Leticia, Colombia, Oct. 20, 2024. (AP)

Prolonged droughts, wildfires and water shortages. Torrential downpours that overwhelm dams and cause catastrophic flooding.

Around the globe, rising temperatures stoked by climate change are increasing the odds of both severe drought and heavier precipitation that wreak havoc on people and the environment.

Rainfall can disappear for years only to return with a vengeance, as it did in California in 2023, with record-setting rain and snowfall. That led to heavy vegetation growth that provided fuel for the devastating January wildfires in Los Angeles after drought returned.

But how can global warming cause both drier and wetter extremes? Here's what experts say:

It's all about the water cycle

Water constantly moves between the Earth and its atmosphere. But that system — called the hydrological cycle — is speeding up as global temperatures get hotter, primarily due to the burning of fossil fuels like coal and gas.

A hotter atmosphere sucks up more water vapor from bodies of water and vegetation and soil.

Over land, this atmospheric demand and loss of surface moisture leads to longer and more intense droughts, even causing some arid areas to expand. Though rain falls less often, when it does, it's often in intense and destructive deluges.

That's because the atmosphere holds 7% more water vapor for every degree Celsius.

“Basically, global warming is turning the atmosphere into a bigger sponge so it can soak up more moisture ... and then when the conditions are right for rainfall, it’s like squeezing that sponge,” said Jonathan Overpeck, a climate scientist at the University of Michigan. "You get more moisture coming out faster."

Oceans play outsized role

Oceans absorb most of the planet’s extra heat. That causes the water to expand and ice to melt at the poles, raising sea levels. The warmer water also provides fuel for larger hurricanes and cyclones that can dump massive amounts of water in a short time.

In 2023, for example, heavy one-day rains from Mediterranean storm Daniel caused massive flooding across eastern Libya that overwhelmed two dams, sending a wall of water through the coastal city of Derna that destroyed entire neighborhoods and swept bridges, cars and people out to sea. Climate scientists say climate change made that storm far more likely.

Snowpack is diminishing

Climate change also is affecting snowpack, a critical part of the hydrological cycle.

Melting snow helps fill reservoirs and waterways, including for drinking and agriculture. But less snow is falling in general, and what does often is absorbed by thirsty soil.

What's more, because winters are becoming warmer overall, the growing season is longer, meaning snowmelt also is being lost through evapotranspiration of plants. But, just like rain, climate change also can cause more intense and sometimes damaging snowstorms.

“All this stuff is related to warming, which we know with perfect confidence is almost all due to human activity,” Overpeck said. “The good news is, we know how to stop it if we want to.”