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
Stuck container ship creates giant traffic jam in Egypt's Suez Canal The massive Rotterdam-bound container ship ran aground Tuesday in poor weather conditions and low visibility, the Suez Canal Authority said. Egypt
No end in sight for Lebanese suffering amid deteriorating economic crisis Lebanon’s ruling elite has yet to form an urgent government to launch reforms to address the country’s worst economic crisis in decades, amid ongoing political bickering. Lebanon
Iraq gives visa on arrival to citizens of 30 countries The list includes the United States, China and other large economies in a bid to attract investment to Iraq; most foreigners need to apply for a visa before traveling to Iraq. Iraq
Egypt seeks land route with Jordan, Iraq to boost trade Egypt recently announced a deal between Jordan and Iraq for the establishment of a land route connecting the three countries, in a bid to boost economic and trade relations between them. Egypt
Is Turkey challenging Egyptian influence in Guinea-Bissau? Amid regional warnings of Turkey's growing role in West Africa, including Guinea-Bissau, Egyptian President Abdel Fattah al-Sisi received a call from Umaro Sissoco Embalo, president of Guinea-Bissau, to discuss ways to develop cooperation in the economic and security fields. Egypt
The Netherlands puts Qatar trade event on hold over foreign workers' deaths The Dutch government postponed a trade mission in Qatar after a report on thousands of workers dying there since the country was awarded the 2022 World Cup. Qatar
Lebanese pound falls to all-time low on black market as people protest Lebanon's harrowing economic crisis worsened when the pound fell against the dollar again on the black market. Lebanon
Turkey emerges with ‘Pyrrhic growth’ from pandemic-hit 2020 Turkey’s economy grew 1.8% last year despite the pandemic, but not without major risks and downsides, including a smaller GDP in terms of dollars. Turkey
Egypt boosts investment in Congo, hoping to secure support in Nile dam crisis As Egypt seeks to grow its influence in Congo by boosting investments, Kinshasa takes over the chairmanship of the African Union, which is currently sponsoring the negotiations to resolve the dispute over the Grand Ethiopian Renaissance Dam. Egypt
Despite coronavirus, Suez Canal records high revenues Despite the negative repercussions of the outbreak of the coronavirus on global trade, the Suez Canal took in $5.61 billion in 2020, its third-highest total ever. Egypt
Egyptian-Turkish trade agreement comes under fire A member of the Egyptian parliament called for the need to reconsider the free trade agreement between Egypt and Turkey signed 15 years ago, claiming that it harms Egyptian interests and favors Turkish exporters. Egypt
