Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know The Kuwaiti company is planning to invest more than $1.5 billion in Syria after securing a license to operate there, Bloomberg reported Tuesday. Syria
Oman's sultan meets Macron in first France visit since 1989: What to know French President Emmanuel Macron has been pushing against any form of toll for the Strait of Hormuz. Iran
Traffic plummets through Strait of Hormuz after Iran, US trade fire Shipping through the Strait of Hormuz had recovered somewhat before renewed fighting between Iran and the United States saw traffic drop sharply over the weekend. Iran
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 By Samuel Wendel In Washington, DC, reporting on regional business and tech
Intel: US warns Middle Eastern partners against Chinese investment The State Department’s top official overseeing US policy in the Middle East warned countries in the region against accepting Chinese investment, contracts and coronavirus aid during a virtual interview with the Middle East Institute today. Israel
Jordan further eases restrictions after continued success against virus Jordan has had relatively few confirmed COVID-19 cases. Jordan
Egyptians returning from the Gulf face uncertain economic future While studies expect an economic catastrophe in Egypt due to the coronavirus-related recession of the Gulf economy and the resulting demobilization of thousands of Egyptians working abroad, some observers believe that the return of Egyptian workers will develop an efficient Egyptian labor market. Legacy: Gulf
Turkey to reopen border crossings with Iran, Iraq By opening two border crossings with Iran and Iraq, Turkey is seeking to boost the economy, and many businesses resume operations in the country this week. Iraq
Iran turns to bonds to solve budget crisis Tehran has chosen to issue domestic bonds to address its expected budget deficit, a policy that promises to have complex impacts on Iran's economy. Iran
Kurdish authorities in Iraq lift lockdown following protests The reimposed lockdown came amid an increase in COVID-19 cases, but people protested the lack of work opportunities due to the restrictions. Iraqi-Kurdistan
Poverty could double in the West Bank as coronavirus takes toll, World Bank warns The bank estimates the percentage of poor households in the West Bank will increase from 14% to 30% in 2020. Palestine
Oman’s public sector reform risks brain drain By letting go of thousands of foreign experts, Oman risks losing the know-how central to achieving economic diversification. Oman
In latest spending cut, Oman not renewing majority of foreign consultant contracts Contracts will not be renewed for at least 70% of foreign experts and consultants working for the Omani government. Oman
Lebanon’s economic crisis is decimating its middle class The middle class in cash-strapped Lebanon is having a hard time making ends meet as salaries have been slashed and banks are imposing informal capital control, all compounded by the coronavirus-induced lockdown measures. Lebanon
Report: Etihad Airways faces debt restructuring or possible legal action The owners of the Emirati airline's debt submitted a restructuring proposal and are waiting to hear back. United Arab Emirates
Syrian government freezes assets of Assad cousin The move to seize the assets of the businessman is the latest in a dispute that began to heat up late last year. Syria
