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
Lebanon's impoverished citizens take to sea from Tripoli Amid the crippling economic and social crises in Lebanon, dozens set off from the shores of impoverished Tripoli, before their boat capsized leaving six dead and many more missing. Lebanon
IMF: Oil producers better prepared for Ukraine-related economic downturn The International Monetary Fund’s report also highlighted currency depreciation in Egypt, economic effects of the war in Yemen and Jordan’s fledgling tourism sector. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
US urges Iraqi government formation as stalemate drags on The deadlock has left Iraq without a new budget amid the economic uncertainty stemming from Russia's war in Ukraine. Iraq
Fitch gives Egypt ‘stable’ debt rating, citing reforms Egypt is pursuing deregulation and tax reforms to some success, but the war in Ukraine has severely hurt the country’s economy. Egypt
Saudi Arabia sends $50 million to Jordan for budget as economy falters The Jordanian government is working to close tax loopholes and increase its revenue collection amid its economic struggle. Jordan
Tel Aviv Stock Exchange continues to reach historic highs The TA 125 index’s growth is being led by banks and not Israel’s large tech sector. Israel
Israeli innovations in medical tech embraced worldwide In Europe, the US, Africa, and now also in Gulf states, hospitals and healthcare systems are adopting Israeli med-tech companies' new products. Israel
Egypt hopes Israeli tourists will make up losses from Ukraine war At a time when Egypt’s tourism sector has suffered a setback due to the war in Ukraine, the first direct flight from Israel is set to land in Sharm el-Sheikh this month, which may boost the number of Israeli tourists in the Egyptian coastal resorts in the Sinai Peninsula. Egypt
Free trade agreement opens new horizons for Israel, UAE The economy and trade ministers of Israel and the United Arab Emirates concluded last week negotiations on a ground-breaking agreement for a free trade zone, the first of its kind Israel has ever reached with an Arab country. Israel
Israel's tech future lies with Arab entrepreneurs An increasing number of Israeli Arabs are taking the bold step of launching their own startup companies. Israel
Saudi Aramco pursues diversification with artificial intelligence center The Saudi energy giant is flush with cash from oil sales abroad. Saudi Arabia
