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
Israel: plenty of bread but no butter Since the price of butter is controlled by the government, Israeli dairies prefer using the butterfat for other dairy products. Israel
How Suez Canal will continue to change Mediterranean Sea The Suez Canal has changed the Mediterranean Sea from environmental and economic perspectives since its opening 150 years ago, and these changes are only expected to worsen in light of the expansion of the canal. Egypt
Reduction in Iran's gasoline subsidy sparks anti-government protests President Hassan Rouhani’s announcement of a large reduction in the gasoline subsidy sparked protests across a number of cities, with deaths having been reported. Iran
Dubai's aviation boom in question as airshow kicks off The profitability of UAE airlines is on the decline as Dubai Airshow 2019 kicks off. United Arab Emirates
Egypt conducts joint drills with Greece, Cyprus amid Turkey tensions The naval forces of Egypt, Greece and Cyprus conducted joint military exercises in the Mediterranean amid tensions with Turkey over its drilling activities in the area. Egypt
Iran plans to wean budget off oil income by next year Iranian officials say the country will kick its dependence on oil revenues by next year, using them only for development projects and to acquire capital assets. Iran
Egypt's powerful military companies to go public President Abdel Fattah al-Sisi has called for listing companies affiliated with Egypt's armed forces on the stock exchange, allowing citizens to buy the shares in an effort to increase transparency. Egypt
Million-dollar lobbying campaign against Kuwait suffers major setback A Kuwaiti court has sentenced a Russian businesswoman to 15 years of hard labor despite pressure from former US officials. Here's who's behind the campaign to release Marsha Lazareva. United Arab Emirates
Fourth Cabinet reshuffle raises questions about economic reforms in Jordan Jordan’s prime minister conducted a Cabinet reshuffle for the fourth time since ascending to power to advance economic reforms required by a loan deal with the International Monetary Fund. Jordan
Egypt eyes new IMF deal Egypt has entered into talks with the International Monetary Fund to discuss a new financing package for the country, whose current economic reform program expires this month. Egypt
Iran's commercial code reform invites turmoil The Iranian parliament's rush job on approving hundreds of articles of a bill designed to reform the commercial code will lead to unconsidered consequences. Iran
Egypt launches first shipment to Kenya as part of Gosour project As part of the Gosour project, Egypt launched its first shipping line from Ain Sokhna port to Kenya’s Mombasa port — a project highly praised by the private and public sectors. Egypt
