Hala Saghbini

Hala Saghbini
Business Paschal Donohoe, Managing Director and Chief Knowledge Officer of the World Bank Group, speaks to Asharq Al-Awsat. Photo: Turky Alagili

World Bank to Asharq Al-Awsat: Saudi Arabia is Evolving from Driving Growth to Exporting Development Knowledge

The transformation taking place in Saudi Arabia's labor market is no longer measured solely by the decline in unemployment to a historic low of 2.8 percent, or…

Hala Saghbini (Riyadh)
Business  A vessel at the Strait of Hormuz, as seen from Musandam, Oman, July 8, 2026. (Reuters)

Middle East Bears Brunt of Tanker War as Saudi Arabia Weathers Crisis with Alternative Logistics Network

At a time when the global economy is struggling to avoid a sharp recession, the International Monetary Fund’s updated World Economic Outlook showed a deeply…

Hala Saghbini (Riyadh)
Business A view of the King Abdullah Financial District in Riyadh. (Public Investment Fund)

Saudi Banks Maintain Resilience, Credit Growth Offsets Interest Rate Pressures

The Saudi banking sector has once again demonstrated its robust financial fundamentals and high capacity to adapt to geopolitical challenges and global…

Hala Saghbini (Riyadh)
Business  In this picture obtained from Iran's ISNA news agency on June 8, 2026, residents take a dip as cargo and commercial vessels lie at anchor in the Strait of Hormuz off Bandar Abbas. (Photo by Amirhossein KHORGOOEI / ISNA / AFP) /

Hormuz Shock Hits Gulf Economies, Saudi Arabia Takes Center Stage in 2026

The global economy is entering an extremely sensitive phase in 2026 amid escalating geopolitical tensions in the Middle East, which have cast a heavy shadow…

Hala Saghbini (Riyadh)
Business Dr. Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund, speaks at the IMF, World Bank spring meetings. (IMF)

Azour to Asharq Al-Awsat: Saudi Arabia Has Strong Financial Buffers to Confront War Impact

“This is a multidimensional shock.” That is how Dr. Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund,…

Hala Saghbini (Riyadh)
Business A cargo ship in the Gulf, near the Strait of Hormuz, March 11, 2026. REUTERS/Stringer/File Photo

World Bank to Asharq Al-Awsat: Saudi Arabia Plays a Central Role in Stabilizing Energy Markets

At a time when geopolitical tensions are disrupting the stability of vital maritime corridors, fundamental questions are emerging about the ability of major…

Hala Saghbini (Riyadh)
Business  Riyadh, Saudi Arabia (Reuters)

World Bank Sees Saudi Budget Deficit Halving, Current Account Surplus of 3.3% in 2026

As regional economies reel from a complex and uncertain geopolitical landscape, with shipping disruptions through the Strait of Hormuz adding pressure, the…

Hala Saghbini (Riyadh)
Business A cargo ship in the Arabian Gulf near the Strait of Hormuz (Reuters)

World Bank Slashes 2026 Middle East Growth Forecast, Saudi Arabia Absorbs Shock

The World Bank has slashed its 2026 growth forecast for Middle East economies, saying overall GDP growth in ⁠the region is expected to slow from an estimated 3…

Hala Saghbini (Riyadh)