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
Gulf migrant workers face crisis of unpaid wages amid pandemic Unscrupulous employers have exploited chaotic coronavirus mass repatriations to avoid paying migrant workers. Originals
Currency tumult hits Turkey’s credit-driven revival Apprehension is rife in Turkey that a loan-driven economic warm-up could devolve into major turmoil in the fall, with Ankara’s dubious management of the coronavirus pandemic feeding the unease. Turkey
Gulf investment woes, COVID economic crisis converge in Egypt Gulf state support to Egypt — whether through official aid, central bank deposits or capital investment flows — has not been consistent in the past, so will investments and aid help Egypt through a coronavirus-induced recession? Legacy: Gulf
Turkey to use 'all available' tools as currency plunges Turkey’s Central Bank says it's ready to use “all available instruments” to calm the market as the Turkish lira drops to new depths, and an interest rate hike is one of the most obvious. Turkey
Turkish lira slides 2% amid reserves concerns Turkey’s currency slumped 2% against the dollar Wednesday as concerns linger over Central Bank policies and depleted reserves. Turkey
Why Iran could be approaching hyperinflation in coming years The asset markets in Iran have been witnessing sharp surging spikes in prices in the recent weeks and months on the back of astonishingly rising money supply. Iran
Rouhani: Iran’s economy handled pandemic better than US Iran’s president said his country’s economy is in a comparatively better shape than the US and European states' ones when it comes to the impact of the coronavirus pandemic. United States
Can Jerusalem mayor improve situation of Arab residents? Jerusalem Mayor Moshe Leon advances two development projects in East Jerusalem — in Issawiya and in Wadi Joz. Palestine
Turkey’s lira slides as Central Bank raises inflation forecast Despite state bank efforts to bolster Turkey’s currency, the lira fell to its lowest point since May against the dollar this week, prompting fears of a renewed currency crisis. Turkey
Qatari investments continued in Egypt despite political tensions The Qatari Diar Company managed to open the St. Regis Hotel on the banks of the Nile River in Cairo, but the future of Qatari investments in the Egyptian market seems to be marred by tensions between the two countries. Qatar
Moody's credit rating downgrade puts Lebanon on par with Venezuela The major credit rating agency said Lebanon is likely to default on its debt due to a lack of reform and the collapse of the Lebanese pound. Lebanon
