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
Iraqi, Syrian oil ministers discuss gas imports The Iraqi and Syrian oil ministers talked about the possibility of transporting Egyptian gas to Iraq through Syria during a meeting in Baghdad. News Brief
As Iran looks to boost production, major political barriers remain Iran’s leaders have put a renewed focus on increasing domestic production, yet to achieve this goal there must be political stability and sincere efforts to push back on corruption. Iran
Egypt promotes economic ties with Sudan Egypt is increasingly seeking to support the Sudanese economy through infrastructure development and the implementation of many industrial and commercial projects. Egypt
Saudi Arabia bans Lebanese produce over drug smuggling concerns The Lebanese Foreign Ministry called on authorities to do more to stop smuggling in response. News Brief
Is opening of Jordanian-Syrian crossing politically motivated? Jordan reopened the Naseeb-Jaber crossing with Syria to restore trade movement, although some do not see any economic benefits for the Syrian government. Syria
JP Morgan listing boosts Egypt’s access to debt markets JP Morgan placed Egypt on its Index Watch Positive on April 9, meaning the North African country should be relisted on JP Morgan’s Government Bond Index Emerging Markets within six months. Egypt
Russia, Iran again promote alternative to Suez Canal Russia and Iran are back to promoting the International North-South Transport Corridor as an alternative future option to the Suez Canal after a giant container ship went aground in the canal last month, disrupting global trade traffic for a week. Egypt
Syria gets new central bank head The last central bank governor was fired as the Syrian pound remains at historic low points against the US dollar. News Brief
Suez Canal receives giant dredger in planned upgrade The Suez Canal Authority is talking about plans to widen the southern section of the canal, only days after the giant Panama-flagged container vessel, Ever Given, went aground and became wedged across the international maritime passageway, causing a weeklong blockage. Egypt
Tuk-tuks become common sight in Lebanon's streets amid economic crisis Amid the devastating economic crisis and the deteriorating living conditions in Lebanon, many have replaced their vehicles with tuk-tuks to run errands, work or deliver goods. Lebanon
Surprising economic upside seen for Egypt, Morocco and Iran Reports this month by the IMF and the US intelligence community also underscore troubling trendlines. Egypt
Kuwait, China seek to diversify via Belt and Road Initiative Kuwait has been working on diversifying its national economy in light of economic variables, so it has made efforts to bolster cooperative ties with several partners like China and others to serve Kuwait Vision 2035. DONT USE - Gulf Pulse
