Interview Saudi labor localization will take ‘generation or two': Armada CEO Around 70% of Saudi Arabia's population is 35 years old or younger, according to the kingdom’s General Authority for Statistics, providing ample opportunity for an educated and technology-savvy national workforce in the coming decades. Olivier Badard CEO of Armada Holding
Analysis Why the Hormuz oil shock never became an energy catastrophe The US-Israel-Iran war produced a historic oil supply shock but not a severe global economic crisis, due to ample prewar supplies, China's energy pivot and strategic reserve releases. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Oil falls below $74 as Hormuz traffic recovers after Iran war Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close. Iran
Explainer Lebanon advances controversial $500K golden visa law: What to know While its supporters say the scheme would help Lebanon's economy recover, critics say it could offer a channel for corruption. Lebanon
Interview US-Egypt fund makes case for economic statecraft in hard power era Cornelius Queen Senior Vice President of the Egyptian-American Enterprise Fund
Analysis US-Iran deal delivers $300 billion controversy, reconstruction questions By Samuel Wendel In Washington, DC, reporting on regional business and tech
Qatar Airways defers some employees' pay to save costs and keep flying Qatar Airways is still offering many passenger flights, unlike other major Middle Eastern carriers. The drop in international travel due to the coronavirus has resulted in major losses for airlines. Qatar
How a falafel shop owner may have accelerated Israel's unity government A falafel vendor's tearful account in a TV interview about his livelihood and how he has been personally affected by the coronavirus pandemic has resonated across the country, so much so that it shook Benjamin Netanyahu and Benny Gantz into action. Israel
Jordan eases lockdown, focuses on opening economy Jordan ends the lockdown in Aqaba while keeping certain restrictions in place and eases curfews elsewhere as the region's first country to enforce a nationwide lockdown now seeks to gradually reopen its economy. Jordan
Coronavirus lockdown uncovers vulnerability of Tunisia’s economy Despite government measures to help those most affected by a general lockdown aimed at containing the spread of the coronavirus, Tunisia’s economy is being dealt a heavy blow. Tunisia
Cash-strapped Lebanon struggles amid the coronavirus crisis Various sectors in Lebanon, a country grappling with its worst economic crisis in decades, have been hit hard by the measures imposed to stem the spread of the coronavirus. Lebanon
For Gulf, South Asia countries, worst is yet to come The pandemic is expected to be especially hard on migrant workers in the Mideast and South Asia, as it has left many of them unemployed and struggling to return home to an uncertain future. Legacy: Gulf
Turkey says rate of coronavirus infection stabilizes The health minister sees signs the fast-spreading contagion is coming under control as the number of new cases remains steady. But an independent physicians’ group warns the government may be undercounting. Turkey
Mideast economies to see biggest downturn in four decades, IMF projects Almost every country in the Middle East, North Africa and Central Asia is expected to have negative gross domestic product this year, and the overall GDP for the region is expected to contract by an average of 3.1%. Legacy: Gulf
Coronavirus killing off what's left of Gaza Strip's economy Due to measures taken to tackle COVID-19, the Gaza Strip economy is at a virtual standstill, worsening unemployment and poverty. Palestine
Egyptian MP proposes compulsory citizen donations to fight COVID-19 An Egyptian parliamentarian is planning to submit a bill obliging citizens to make donations to a government fund in order to help in the fight against the coronavirus, with some saying mandatory donations are illegal and a form of taxation. Egypt
Banks can't save Gulf economies Because of the way they are set up, GCC banks will have a hard time providing the funds that could help jump-start regional economies as the COVID-19 pandemic continues to take its toll. Legacy: Gulf
As foreign reserves dip, Egypt’s economy slows down Analysts study the sharp decline of Egypt’s foreign reserves due to the economic slowdown caused by the coronavirus pandemic, with fears that the Egyptian pound would further weaken against the dollar. Egypt
