World Bank: Saudi Arabia Leads Arab World in Advancing Women's Workforce Participation

Safaa El-Kogali, the World Bank's Country Director for the Gulf Cooperation Council (GCC) countries (Asharq Al-Awsat)
Safaa El-Kogali, the World Bank's Country Director for the Gulf Cooperation Council (GCC) countries (Asharq Al-Awsat)
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World Bank: Saudi Arabia Leads Arab World in Advancing Women's Workforce Participation

Safaa El-Kogali, the World Bank's Country Director for the Gulf Cooperation Council (GCC) countries (Asharq Al-Awsat)
Safaa El-Kogali, the World Bank's Country Director for the Gulf Cooperation Council (GCC) countries (Asharq Al-Awsat)

In a pivotal era marked by remarkable advancements in the economic involvement of women in the Gulf, specifically in Saudi Arabia, Safaa El-Kogali, the World Bank's Country Director for the Gulf Cooperation Council (GCC) countries, underscores the pivotal role of implementing precise policies and programs.

These measures, she contends, are crucial for fostering and sustaining the escalating participation of women in the workforce.

“Firstly, there has been a shift in economic and financial expectations from previous reports,” said El-Kogali as she addressed the novel aspects of this year’s report on women’s employment.

“Secondly, the report includes a new section on women’s participation in the workforce, highlighting a noticeable increase in female participation in the labor force in GCC countries over the past decade,” she added.

However, according to El-Kogali, no country in the GCC or the wider Middle East and North Africa region has experienced such a rapid increase in such a short period as witnessed in Saudi Arabia.

The report delves into developments in Saudi Arabia, where female participation in the workforce more than doubled between 2017 and 2023, rising from 17.4% to 36%.

“It is crucial to note that this increase encompasses various age groups and educational levels, contributing to a decline in overall unemployment rates, particularly among Saudi women,” El-Kogali explained, adding that “the majority of jobs held by Saudi women were in the private sector and spanned across all sectors.”

Attributing the rise in women’s contribution in the Gulf, especially in Saudi Arabia, to three factors, El-Kogali emphasizes that social norms surrounding women’s workforce participation were ready for change due to shifts in societal attitudes, reinforced by the government’s strong commitment and a robust communication campaign regarding women’s economic empowerment.

Moreover, major legal reforms facilitated more women joining the workforce, with new programs promoting women’s employment paving the way for increased female participation.

Another factor, according to El-Kogali, is the structural economic changes that generated a necessary demand for labor from companies willing to hire women.

She noted that the coronavirus pandemic acted as a positive catalyst for the demand for female Saudi workers, creating a fundamental driver for rapid transformation.

On her expectations for the future increase in women’s contribution to the Saudi economy, El-Kogali said: “I am convinced that the changes we have witnessed in recent years are not temporary.”

“The shift is evident across all age groups – it's not just young Saudi women who are more willing to enter the workforce, but also their mothers,” she affirmed.

Highlighting that Saudi women predominantly turn to the private sector across various industries, El-Kogali emphasizes the importance of solidifying policies and programs to sustain the trend of increasing women’s participation in the workforce.

Regarding the necessary steps to maximize Saudi economic contribution, El-Kogali stressed that Saudi Arabia has made significant strides in achieving its goals over the past two years, implementing structural reforms as a testament to the government’s commitment and determination.

“The success achieved in rapidly increasing women’s participation in the workforce is just one example of what the Kingdom is doing, laying the groundwork for its desired goals,” said El-Kogali.

“Similarly, we observe a divergence between the oil and non-oil sectors in Saudi Arabia, with the oil sector contracting by 8.4%, while the latter expands by 4.3%, showcasing robust efforts in economic diversification,” she highlighted.

The Country Director also emphasized that current economic results in Saudi Arabia reflect the fruits of ongoing exceptional efforts within the diversification agenda aligned with the Kingdom’s national plan for transformation, “Vision 2030.”

El-Kogali underscored the importance of Saudi Arabia remaining committed to the path of reforms and diversification.



US Economy Expanded at Solid 2.1% Pace in January-March, Government Says

President Donald Trump stands on stage after speaking at the opening of the Great American State Fair on the National Mall, Wednesday, June 24, 2026, in Washington. (AP Photo/Julia Demaree Nikhinson)
President Donald Trump stands on stage after speaking at the opening of the Great American State Fair on the National Mall, Wednesday, June 24, 2026, in Washington. (AP Photo/Julia Demaree Nikhinson)
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US Economy Expanded at Solid 2.1% Pace in January-March, Government Says

President Donald Trump stands on stage after speaking at the opening of the Great American State Fair on the National Mall, Wednesday, June 24, 2026, in Washington. (AP Photo/Julia Demaree Nikhinson)
President Donald Trump stands on stage after speaking at the opening of the Great American State Fair on the National Mall, Wednesday, June 24, 2026, in Washington. (AP Photo/Julia Demaree Nikhinson)

The US economy expanded at a solid and unexpected 2.1% annual pace from January through March, the Commerce Department reported Thursday in its final estimate of first-quarter growth.

The growth in gross domestic product — the nation’s output of goods and services — marked a rebound from a sluggish 0.5% in the last three months of 2025 when a 43-day federal government shutdown weighed on the economy. Thursday’s numbers were an upgrade from of Commerce’s previous first-quarter estimate of 1.6% growth, The Associated Press reported.

Business investment surged, probably reflecting an investment boom in artificial intelligence. But consumer spending, which accounts for around 70% of US economic activity, fell sharply from fourth-quarter 2025 and from Commerce’s previous estimate in a sign that consumers may be cutting back in the face of higher gasoline prices caused by the war with Iran.

“It was unsettling to see consumer spending revised even lower,” Heather Long, chief economist at Navy Federal Credit Union, said in a commentary.

"Spending is likely to tick up in (the second quarter), but it’s worth watching carefully... It’s been a tough few months for American consumers, but most have been able to make it through. The question is how much relief is coming” as the US and Iran continue talks toward a resolution of the conflict.

Excluding housing, private investment jumped 10.6%, up from 2.4% in fourth-quarter 2025. In a sign of the AI boom, investment in information-processing equipment jumped at a 39.9% pace as companies scrambled to outfit their data centers. But Michael Reid, head of US economics at RBC Capital Markets, said before Thursday’s report came out that “unfortunately, it’s not a sustainable path.’’ He expects data center investment to lose momentum going forward.

Residential investment, weighed down by high interest rates, dropped 7.8% from January through March, biggest fall since late 2022 and the fifth straight quarterly decline.

The federal government's spending and investment rose at a 9.4% clip in the first quarter after dropping 16.6% in October-December 2025 largely because of the government shutdown.

Imports, which are subtracted from GDP, grew at a slower pace than last estimated from January through March. They still subtracted 1.49 percentage points from first-quarter growth, but that was down from a 2.59 percentage-point hit in the previous estimate and was a major factor in Thursday's upgrade.

The US economy — the world’s biggest — has continued to chug along despite the Iran energy shock. The American job market has proven especially resilient. Employers added an average 188,000 jobs a month from March through May after adding fewer than 10,000 a month in 2025 amid uncertainty over President Donald Trump’s trade and immigration policies.

Thursday’s report was the Commerce Department’s third and final estimate of first-quarter GDP growth. The first look at second-quarter economic growth is due July 30.


Baghdad Urges OPEC to Raise Iraq's Production Quota

A handout picture released by Iraq's Prime Minister's Press Office on January 2, 2025, shows a partial view of the oil refinery of Baiji north of Baghdad, during the inauguration ceremony of the fourth and fifth units. (Iraq's Prime Minister's Press Office / AFP)
A handout picture released by Iraq's Prime Minister's Press Office on January 2, 2025, shows a partial view of the oil refinery of Baiji north of Baghdad, during the inauguration ceremony of the fourth and fifth units. (Iraq's Prime Minister's Press Office / AFP)
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Baghdad Urges OPEC to Raise Iraq's Production Quota

A handout picture released by Iraq's Prime Minister's Press Office on January 2, 2025, shows a partial view of the oil refinery of Baiji north of Baghdad, during the inauguration ceremony of the fourth and fifth units. (Iraq's Prime Minister's Press Office / AFP)
A handout picture released by Iraq's Prime Minister's Press Office on January 2, 2025, shows a partial view of the oil refinery of Baiji north of Baghdad, during the inauguration ceremony of the fourth and fifth units. (Iraq's Prime Minister's Press Office / AFP)

Baghdad has urged OPEC to increase Iraq's oil production quota, taking into account the damage done to its industry by its history of conflicts and the recent regional war, its oil ministry said Thursday.

Like other oil producers, Iraq, a founding member of OPEC, was greatly affected by the Middle East war, as it is hugely dependent on oil exports, which make up about 90 percent of its budget revenues.

Iraq's oil ministry said that reassessing production baselines was important "to ensure they are aligned with the sustainable production capacities of member countries", and with respect to "Iraq's unique security and economic circumstances".

OPEC has "responded by launching a process to reassess" its member states' capacities, the ministry said.

Following reports of a possible Iraqi exit from OPEC, oil ministry spokesperson Salim al-Rikabi told AFP that Iraq "has no intention of withdrawing from the organization and remains committed to its mechanisms".

But he added that the cartel "has to raise Iraq's production quota. Otherwise, a decision will have to be made about whether to stay or leave the organization".

Iraq has started increasing its production "in line with its capacities and needs", he said.

The ministry said that "reports suggesting that Iraq is considering ending its membership in OPEC do not reflect" the government's position.

Iraq's ministry said that any change would be decided within OPEC's existing framework, but noted there was a "high level of understanding" among members regarding Iraq's situation after decades of wars, sanctions, and recent attacks on the sector during the Middle East War.

All of these challenges will be considered to "ensure that Iraqi oil production reaches a fair level".

The Middle East war and Iran's blockade of the Strait of Hormuz choked off shipments and prompted production cuts in key oil-producing countries including Iraq, shaking world energy markets.

During the conflict, several Iraqi oil fields were struck by drones mostly launched by pro-Iran armed groups.

Before the war, Iraq produced around four million barrels per day (bpd), and exported an average of 3.5 million bpd, mostly via Hormuz.

After the recent deal between Washington and Tehran to end the fighting, Iraq now hopes to return within two months to its previous production levels.

A former oil ministry official, who requested anonymity, warned against Iraq's exit from OPEC.

A "withdrawal would not serve the interests of Iraq", which is exclusively dependent on the oil sector, he said.

"I don't think that Iraq has really the incentives to leave OPEC," said Jorge Leon, an analyst at Rystad Energy.

Instead, he added, Iraq might be trying to apply pressure to "the capacity review exercise that the group is currently doing", which will serve as the basis for the 2027 quota.


Egypt Overhauls Nitrogen Fertilizer Export Levy, Exempts High-grade Ammonium Nitrate

General view of part of Cairo (Reuters)
General view of part of Cairo (Reuters)
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Egypt Overhauls Nitrogen Fertilizer Export Levy, Exempts High-grade Ammonium Nitrate

General view of part of Cairo (Reuters)
General view of part of Cairo (Reuters)

Egypt has revamped its export tax regime for nitrogen fertilizers, replacing a fixed export tax with a 10% ad valorem duty on all nitrogenous fertilizer exports, while exempting high-purity ammonium nitrate, according to a decision published in the Official Gazette on Thursday.

The duty, calculated on the FOB invoice value, does not apply to pure ammonium nitrate with a nitrogen concentration exceeding 34.2%, or to shipments destined for productive enterprises in Egypt's free zones, Reuters reported.

The World Bank warned in its April Commodity Markets Outlook that global fertilizer prices could rise by more than 30% in 2026 due to conflict-related disruptions in the Middle East and logistical risks around the Strait of Hormuz.

The new decree replaces a flat $90-per-metric-ton tax introduced in May, tying the levy more directly to prevailing export prices, which have fallen since peaking in mid-April.
Egypt is the world's seventh-largest exporter of nitrogen fertilizers, according to LSEG data.