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
National campaign to support domestic goods on rise in Iraq Iraqi protesters launched campaigns to support the national goods and boycott foreign and Iranian goods in particular. Originals
Economics or politics: What's driving Turkey’s electric car project? The limited scope of Turkey’s electric car project points to political motives by a government under strain rather than economic goals to help transition the automotive industry. Turkey
Egypt’s military adds new factory to industrial portfolio Egypt’s military signed a deal with a Chinese company to establish a car tire factory, further tightening its grip over the country's industrial sectors. Egypt
Russia weighs two reconstruction strategies for Syria In the face of US sanctions, Moscow is considering whether the outsourcing of reconstruction efforts for Syria may be better for Russia than a long-term presence. Syria
Palestine seeks economic relations with Oman A Palestinian ministerial delegation is preparing to visit Oman early next year as part of efforts to sever economic ties with Israel, but some analysts wonder what benefits are to be gained by either party. Oman
Analyzing Iran’s new state budget Iran's state budget introduced no major structural changes, but it did improve transparency in some sectors. Iran
Will Turkish lira save economy in Syria's opposition-held areas? As Syria's currency plunges against the dollar, the opposition's Syrian Interim Government plans to replace the Syrian pound with the Turkish lira in the areas it controls. Syria
Lebanon’s real estate sector crumbles along with dreams As Lebanon’s economic crisis devastates the housing sector, homeowners are faced with increasing payments and debt tied to the dollar and rising interest rates. Lebanon
Will loan initiative turn around Egypt's struggling factories? Egypt’s Central Bank has launched a funding initiative to help defaulting factories deal with their debt and bolster production. Egypt
Pressure mounts against importing Israeli gas to Jordan While Jordan is expected to start receiving natural gas from Israel in a matter of weeks, demands that the government cancel the deal are growing. Israel
Egypt focuses on developing Africa With the goal of promoting investment opportunities in Africa and Egypt and signing development and investment agreements, Egypt organized the Africa 2019: Investment for Africa Forum, as President Abdel Fattah al-Sisi holds the presidency of the African Union. Egypt
Turkey’s economic crisis takes toll on wealth holders Hit by the Turkish lira’s slump against the dollar, economic contraction and decline in real estate prices, Turkey’s richest have watched their wealth erode. Turkey
