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
Egypt concerned UAE-Israeli pipeline project will affect Suez Canal Egyptian officials have been expressing concern over the anticipated competition from the Eilat-Ashkelon pipeline project that would transport Emirati oil to Ashkelon in Israel and from there to European markets. United Arab Emirates
Egypt seeks completion of pan-African road through 10 countries to Cape Town Egypt plans to work with nine other countries to complete the construction of a highway linking the country’s north to Cape Town in South Africa by 2024, with hopes of expanding trade in the African continent. Egypt
How car bombs are making their way into northern Syria As local councils in northern Syria, which is under the control of Turkish-backed rebels, fail to make car dealers obtain licenses and register their offices, chaos prevails in the car market, as car bombs and explosions claim the lives of dozens of civilians. Syria
Post-COVID Mideast economies look to the Gulf and Egypt The region took a hard hit from the pandemic, and it’s far from over, but Egypt and Saudi Arabia are managing better than expected. Regional
Lebanon's PM Diab condemns Tripoli protest violence Protesters demanding an end to the lockdown set fire on Thursday night to several buildings in the impoverished city of Tripoli. Lebanon
Nigerians stuck in Saudi Arabia are flown home Foreigners working in Saudi Arabia and other Gulf countries have gotten stranded throughout the course of the COVID-19 pandemic. Saudi Arabia
Hi-tech rivalry between Abu Dhabi and Riyadh heats up Saudi Prince Mohammed bin Salman is sparing no effort to lure business from the IT and other sectors in Abu Dhabi to the kingdom. Originals
Iraq's reform budget heads to parliament Parliament is debating the 2021 budget, which is the first budget drafted based on the White Paper for economic reform. Iraq
Egypt’s back on gold production map after loosening mining regulations The gold industry in Egypt has recently witnessed a boom after the Egyptian government amended mining regulations to attract foreign investors, while President Abdel Fattah al-Sisi plans to build a jewelry-making city. Originals
How delays at Sudan’s largest port could actually boost trade with Egypt Analysts expect the four-month suspension in Port Sudan to accelerate the launch of the Transit Trade Agreement between Egypt and Sudan and eventually bring economic and political benefits to Egypt. Egypt
Turkey’s ‘wealthless’ wealth fund a tangle of problems Turkey’s sovereign wealth fund is under mounting criticism for being exempt from public auditing despite using major public assets in its transactions. Turkey
France scores big Iraqi construction project at Turkey's expense A French company has beaten out a Turkish one for the Mosul airport project; political considerations along with economic concerns seem to have factored into Baghdad's decision. Iraq
