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
Saudi Arabia reports more non-oil exports, large amount of trade with China The kingdom is trying to reduce its dependence on oil. Legacy: Gulf
Palestinian economic activity with Israel increases Relations between Israel and the Palestinian Authority warmed last year. Palestine
Economic meltdown drives some Lebanese to collect recyclables for a living Lebanon’s increasing poverty and lack of jobs drive desperate people to live off of selling collected recycled materials in kilos to scrapyards, shops and manufacturers. Lebanon
US Treasury sanctions Hezbollah financial network in Lebanon A US Treasury official says the department is targeting Hezbollah's "misuse of the international financial system" to raise funds for terrorism. Lebanon
Putin, Raisi look to boost trade, regional cooperation in Moscow talks Ebrahim Raisi's trip to Moscow is unlikely to further elevate relations between the two countries. Russia
Crimean, Syrian ports sign cooperation agreements A Syrian government delegation visited the Russian-backed breakaway republic this week. News Brief
US sanctions Hezbollah's alleged financial facilitators in Lebanon The US Treasury Department designated Adel Diab, Ali Mohamad Daoun and Jihad Salem Alame as well as their travel company. Lebanon
US alleviates Lebanon's sanctions concerns over energy deal US Ambassador to Lebanon Dorothy Shea provided a Treasury Department letter that addressed concerns over the energy plan's potential to violate sanctions on Syria. Lebanon
Lebanese minister seeks economic boost with Iraq visit George Boushekian visited Baghdad this week to seek cooperation with his Iraqi counterparts and facilitate business deals between Iraqi and Lebanese entities amid Lebanon's economic crisis. News Brief
Qatar International Islamic Bank retains A credit rating from Moody's The leading Islamic bank’s head said the rating reflects its ability to withstand the COVID-19 pandemic. News Brief
The Takeaway: Iraq takes first steps toward new government: What comes next Updates from our regional correspondents on Turkey, Kazakhstan and Saudi Arabia, Oman, and Egypt; multimedia on Israel and Iran — all in about 1,000 words. Iraq
