Economy and trade

GCC faces possible setback with exodus of skilled professionals

The coronavirus pandemic coupled with the oil crisis is pushing foreign workers to exit the Gulf states, perhaps shaping future labor policies.

Saudi Arabia

Tunisia’s removal from EU financial blacklist should help boost economy

Three years after being designated as a high-risk country with strategic anti-money laundering and counterterrorist financing deficiencies, Tunisia is officially off the list and getting ready for foreign investments.

Tunisia

Oman’s state-owned entities change hands

As the newly-formed Oman Investment Authority takes over most of the Gulf country’s public assets, questions arise as to whether this is streamlining the administration, economic reform or power consolidation?

Oman

Iran's economy in desperate need of solutions

Amid a drop in global oil prices, even relief from US sanctions may not be enough to save Iran's collapsing economy.

Iran

Egypt’s military companies seek private investments

The Egyptian military seeks to expand investments in partnership with the private sector, thus crowding out civilian-run companies, amid the economic recession due to the coronavirus crisis.

Egypt

Lebanon’s central bank to inject dollars as currency crashes

The Lebanese pound trades at roughly 6,000 to the US dollar on the black market; Lebanese officials take action to try to get the parallel market under 4,000 to the dollar.

Lebanon

Protests erupt across Lebanon as government scrambles to rein in crumbling currency

Following the sectarian protests that took place a few days ago, Lebanon's crumbling currency united the Lebanese in a cross-sectarian protests in various Lebanese cities.

Lebanon

Jordan gets high marks for dealing with COVID-19, but economic crisis deepens

Jordanians feel that while the government may have succeeded in thwarting the health crisis related to the coronavirus pandemic, it has failed so far in finding solutions to the deteriorating economy.

Jordan

New report details damage to Iraqi economy during COVID-19 pandemic

The report by the UN-affiliated International Organization for Migration shows how virus-related restrictions have led to revenue and job losses for small and medium-sized businesses in Iraq.

Iraq

Iran’s debt-ridden international broadcasters face closure

Iran’s state-funded international TV channels, including Press TV, could soon be taken off the air due to accumulated debt amid the country’s cash reserve crisis.

Iran

Sanctions on Syrian government also threaten Washington's Kurdish allies

While US and international sanctions aren't specifically targeted at Kurdish-ruled northeast Syria, the area is impacted all the same with cross-border trade practically halted and because of the sudden plunge of the Syrian pound.

Syria

Oman will make it easier for expat workers to switch jobs

Under a previous order, foreign workers were barred from switching companies without explicit permission from their employers.

Oman