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
What does Saudi ban on Syrian produce mean for Assad’s government? The kingdom's decision to ban the import of produce from the government-held areas is viewed as a sign that the kingdom has not changed its position toward the Syrian government. Syria
Suez Canal announces record $5.84B revenue after container ship jam Osama Rabie, head of the Suez Canal Authority, said canal revenues were up 2% from the prior tax year. Egypt
Lebanon implements ration card program as economic crisis worsens The Lebanese parliament approved a law to fund ration cards for the most vulnerable families, while ending subsidies. Lebanon
King Abdullah to be first Arab head of state to meet with Biden King Abdullah will visit Washington for the first time in two years and is to meet with US President Joe Biden on July 19. Jordan
Egypt-Turkey economic ties so far unaffected by political differences Despite the ongoing political differences between Egypt and Turkey, Cairo remains Ankara’s largest trading partner in the African continent. Egypt
Will high oil prices setback Gulf reforms? Push harder or take a breath on economic reforms? The question can be tricky for Gulf rulers Legacy: Gulf
Egypt anticipates gains from expanding economic ties with Iraq Egypt, Iraq and Jordan are working to establish an alliance to boost cooperation in various economic fields. Egypt
Islamic State exploits economic downturn in Iraq, Syria, US envoy says John Godfrey said the thousands of suspected Islamic State fighters held in northeast Syria constitute a security threat to the region. Syria
Lebanon's parliament backs $556M cash subsidy As Lebanon grapples with an economic crisis, qualifying families would receive up to $137 per month to help cover basic goods. News Brief
Iraq hosts historic summit with Jordanian, Egyptian leaders The visit by Egyptian President Abdel Fattah Al-Sisi to Baghdad is the first by an Egyptian head of state since 1990. Iraq
Egypt looks to Islamic bond market for foreign investment boost Egypt’s sovereign bonds bill paves the way for Egypt to join the Islamic finance market, allowing foreign investment in national projects such as the Suez Canal and Aswan Dam, which affects Egyptian national security. Egypt
Iraq automates its customs service to reduce corruption at border crossings The Iraqi government has taken several new initiatives to fight corruption, from automating border crossings, arresting corrupt figures and imposing restrictions on the economic interests of militias and political parties. Iraq
