Hala Saghbini

Hala Saghbini
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)
Business Group photo of participants at the Conference for Emerging Market Economies held in AlUla. X

‘AlUla Manifesto’ Ends Era of ‘Economic Dependency’

A joint statement issued by Mohammed Aljadaan, the Saudi Minister of Finance, and International Monetary Fund (IMF) Managing Director Dr. Kristalina Georgieva…

Hala Saghbini (AlUla)
Business Saudi Arabia’s Minister of Finance addresses attendees at the AlUla Conference for Emerging Market Economies (Asharq Al-Awsat). 

AlUla Conference Urges Emerging Economies to Act Decisively, Define Their Own Growth Models

The AlUla Conference for Emerging Market Economies concluded with a clear call for emerging nations to move beyond imitation and take ownership of their…

Hala Saghbini (AlUla)
Business The Pakistani Finance Minister during his meeting with Saudi Minister of Economy and Planning Faisal Alibrahim on the sidelines of the AlUla Conference (SPA)

Pakistan’s Finance Minister to Asharq Al-Awsat: We Draw Inspiration from Saudi Arabia

Pakistani Finance Minister Muhammad Aurangzeb discussed the future of his country, which has frequently experienced a boom-and-bust cycle, saying Pakistan has…

Hala Saghbini (AlUla)