Focus on Arab education and adoption of technology at MENA World Economic Forum in Jordan

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King Abdullah of Jordan addresses the opening session of the World Economic Forum regional meeting. (WEF)
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Updated 07 April 2019
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Focus on Arab education and adoption of technology at MENA World Economic Forum in Jordan

  • “If we want to shape the future, we need new collaborative efforts,” said WEF founder Klaus Schwab at the opening of the event
  • Only 31% of children in the MENA region are currently enrolled at pre-school stage, with most of them enrolled in private education

DEAD SEA, Jordan: The World Economic Forum began in Jordan on Saturday, addressing “new platforms of cooperation” for the Arab world, bringing together more than a thousand leaders of government, business, civil society, faith and academia.

“If we want to shape the future, we need new collaborative efforts,” said WEF founder Klaus Schwab at the opening of the event. “We need platforms for cooperation.” Speakers include King Abdullah of Jordan, Saudi Energy Minister Khalid Al-Falih and Antonio Guterres, secretary-general of the UN.

And the main focus on Saturday was education reform in the Middle East, as the region faces a triple challenge of 22 million children out of school or at risk of dropping out, high youth unemployment, and diverging access to and quality of public and private education. As solutions, leaders pointed to technology as an educational tool, life-long and vocational learning, and public-private cooperation.

“Today, governments are struggling between getting the basics done and dealing with emerging conflicts,” said Ghassan Hasbani, Deputy Prime Minister of Lebanon, on the opening day of the World Economic Forum on the Middle East and North Africa. But necessity and urgency can also help leaders to “think out of the box,” he added. In those circumstances, “basic technology can be used to help advance education, particularly at the literacy level.”

Pre-school is the best place to focus investments and introduce these basic technologies, said Maysa Jalbout, Chief Executive Officer of Abdulla Al Ghurair Foundation for Education, UAE.

Only 31% of children in the region are currently enrolled at this stage, with most of them enrolled in private education. The result is that “inequity in education starts at this very early stage,” she said, because pre-school is the most crucial time for learning outcomes later. These technologies and their capabilities should come from within the Arab region, not from import or “copy-pasting”.

“If you don’t develop your indigenous capability, you cannot sustain the results,” said Tony F. Chan, President of King Abdullah University of Science and Technology (KAUST) in Saudi Arabia. He called for “multigenerational” investments, both at the research university level and at the kindergarten level. Inherently, it shouldn’t be a problem: “Algorithmic thinking is an Arab invention,” he said.

But it would be wrong to think the private-public educational gap is just a regional problem that can be solved only with technology, said John Sexton, President Emeritus, New York University, USA: “There is a worldwide disinvestment in thought and education, teachers and compensation … The big picture globally and in this region is that we have to worry about the privileged isolating themselves in the area of education that is successful, and the politicians settling for what seem to be good results.”

Youth unemployment in the region is endemic, with up to 38% of youth unemployment even in wealthy nations such as Saudi Arabia. To solve that, Marita Mitschein, Senior Vice-President of Digital Skills, Europe, Middle East and Africa (EMEA) South, SAP Middle East and North Africa, United Arab Emirates, suggested more public-private cooperation. In one project, her company “picked the ‘raw diamonds’ and ran them through a bootcamp.” The result was a 100% job placement in its ecosystem afterwards.

But even as the private sector can help improve post-education job placement, policy-makers and educators should not forget the primary objective of education, Jalbout said. “It should help people solve the problems they face.”

Also on the agenda was climate change, an issue which Guterres said more needed to be done to tackle.

“Climate change is moving faster than our efforts to address it … This region will face some of the worst impacts,” he said.

The event’s 100 Arab Startups initiative will bring together entrepreneurs from across the region, including 10 from Saudi Arabia. Omar Al-Razzaz, prime minister of Jordan, addressed one of the first panels, on the future of tourism in the country.


Saudi Maaden reports 156% profit surge to $2bn on strong commodity prices, record production

Updated 05 March 2026
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Saudi Maaden reports 156% profit surge to $2bn on strong commodity prices, record production

RIYADH: Saudi mining and metals company Maaden has reported a 156 percent jump in its net profit attributable to shareholders for 2025, driven by higher commodity prices, record production volumes, and a one-off bargain purchase gain.

The state-backed giant posted a net profit of SR7.35 billion ($1.95 billion) for the full year 2025, an increase from SR2.87 billion in the previous year. The firm’s revenue surged by 19 percent to SR38.58 billion, up from SR32.55 billion in 2024.

This comes as Saudi Arabia steps up efforts to expand its mining sector as a pillar of economic diversification, encouraging international participation and private investment to unlock the Kingdom’s estimated $2.5 trillion in untapped mineral resources under Vision 2030.    

In a statement on Tadawul, the company said: “Performance was led by record phosphate production, near record aluminum production, an increase in all three of Maaden’s main output commodity prices.”

The performance was also fueled by a 60 percent increase in gross profit, which reached SR14.79 billion. In its annual results announcement, Maaden attributed the top-line growth to “higher commodity market prices for phosphate, aluminum and gold business units,” as well as increased sales volumes in its phosphate and aluminum segments. This was partially offset by slightly lower sales volume in the gold unit.

Maaden’s CEO, Bob Wilt, hailed 2025 as a transformative year for the company, marked by strategic growth and operational excellence. “This was a great year for Maaden’s strategic growth. We delivered strong financial results and sustained operational excellence across the business,” he said in a statement.

“This was driven by growth in production across all businesses, including record-breaking DAP (di-ammonium phosphatevolumes), disciplined cost control across and a clear commitment to our role as a cornerstone of the Saudi economy,” Wilt added.

Profitability was further bolstered by an increased share of net profit from joint ventures and an associate. This included a one-off bargain purchase gain of SR768 million related to Maaden’s investment in Aluminium Bahrain B.S.C. The company also benefited from lower finance costs.

The fourth quarter of 2025 was strong, with Maaden swinging to a net profit of SR1.67 billion, compared to a loss of SR106 million in the same period of the prior year. Quarterly revenue rose 7 percent to SR10.64 billion.

The firm achieved record production of di-ammonium phosphate, reaching 6.72 million tonnes for the year, a 9 percent increase. Aluminum production remained near-record levels, while the company added a net 7.8 million ounces to its reportable gold mineral resources through discovery and resource development.

The phosphate division saw sales jump 17 percent to SR20.77 billion, with the earnings before interest, taxes, depreciation, and amortization margin expanding to 47 percent. The aluminum business reported a 9 percent increase in sales to SR10.99 billion, with EBITDA more than doubling in the fourth quarter.

Looking ahead, Wilt emphasized that the pace of growth will accelerate as the company advances key initiatives, including the Phosphate 3 Phase 1 and Ar Rjum projects, which remain on budget and schedule. Maaden has also secured a gas supply for its future Phosphate 4 project.

“This pace of growth will only accelerate. Not only as we advance projects and increase the scale of our exploration program, but as we continue to grow production and implement technology that will further modernize, streamline and unlock value,” Wilt added.

Earnings per share for the year rose sharply to SR1.91, up from SR0.78 in 2024. Total shareholders’ equity increased by 18.7 percent to SR61.59 billion.