Category: Semafor

Alaa’s view Gulf states have spent the past decade trying to reduce their reliance on oil and gas. But when they begin counting the costs of the Iran war, it is still hydrocarbons – and the vast wealth built on them — that will cushion the economic shock. The war ...

The News Jerome Powell came in hot yesterday, as central bankers go: Flatlining job growth is “what the economy needs” given “nonexistent growth in the labor force, which we’ve never had in our history,” he said yesterday. “That is balance [but] not a really comfortable balance.” It was a remarkable ...

Gulf patience is not unlimited. This was the main takeaway from an overnight press briefing by Saudi Foreign Minister Prince Faisal bin Farhan, after he hosted his counterparts from the Gulf and the wider region in Riyadh. The kingdom was under fire as they met, with the loud booms of ...