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
UAE President Mohamed bin Zayed visits Pakistan as its economy crumbles The UAE president arrived in the city of Fahim Yar Khan in Pakistan, one day after a nationwide power outage left nearly 220 million people without electricity By Salim A. Essaid
Explainer: What is behind Iraq's Central Bank shuffle and what is next? The economic crisis in Iraq as a result of the ongoing rise in the value of the US dollar against the dinar resulted in the prime minister sacking the heads of the Central Bank of Iraq and the Trade Bank of Iraq. Iraq
UAE hosts Gulf leaders including Qatar's along with Egypt, Jordan Egypt and Jordan are increasingly looking to the United Arab Emirates and other Gulf states for development and economic support. Legacy: Gulf
Egypt green-lights sweeping privatization strategy following IMF agreement The plan defines the contours of the state’s future participation in the economy, including those activities it plans to exit, to increase the contribution of the private sector. Egypt
Iraq's PM Sudani hosted US envoy ahead of meeting Iran's Quds commander Iraqi Prime Minister Mohammed Shia al-Sudani received high-ranking US and Iranian envoys separately for discussions of bilateral issues related to both countries. Iran
Davos 2023: Saudi Arabia 'open' to discuss trading in non-dollar currencies Qatar also voiced support for Elon Musk’s leadership of Twitter at the annual forum in Davos, Switzerland. Legacy: Gulf
Lebanon's Riad Salameh probe tops visit of European investigators A European delegation is conducting an investigation into Lebanon’s banking system and the port explosion in the hope of providing some answers. Lebanon
Egypt, facing economic crunch, restricts non-essential travel for government The decision is the latest in a series of measures Egyptian public and private financial institutions are taking in an attempt to cope with the economic crisis. Egypt
Turkey's inflation slows most in December in a boost to Erdogan Facing crucial elections in spring, the Turkish government is trying to take credit for curbing inflation, even though the steep decline in the annual rate owes mostly to a favorable base effect. Turkey
2022 in review: Reforms, Ukraine war drive boost in UAE’s real estate market Improved regulatory policies and diplomatic measures amid the Ukraine war have welcomed foreign direct investment and boosted the UAE real estate market in 2022 above the global average. Legacy: Gulf
Secondhand clothes offer Egyptians respite as inflation skyrockets With living expenses rising and temperatures dropping and inflation surging to a five-year high of 18.7%, many Egyptians are looking to buy secondhand clothes at Wekalat al-Balah, Egypt's most famous used clothing market in the center of Cairo Egypt
Egyptian official says Suez Canal 'not for sale' amid fears of foreign investment The chairman of Egypt's Suez Canal Authority has responded after a parliamentary session discussing a private fund linked to the waterway sparked widespread criticism. Egypt
