Could Freelance Gigs Be Better for the Arab Economy than Oil?

The inflation rate in the Middle East is now estimated to be 8.8% in 2020. With Egypt, possibly the fastest growing Arab country, growing at only 2%, most oil producing countries in the region are seeing economic contractions. The combination of Covid-19 hitting the local population and the oil decline has severely affected this region.

Arab oil exporters are forecasting oil supply cuts of about 50% in 2020 and 2021, levels that have been approved by OPEC agreements.  The combination of significant cuts in production, $42 a barrel for oil, and Covid affecting local marketplaces, will have a significantly negative impact on regional economies.

Israel Roundup: Vaccine to be Tested on Rodents, Citizens Strain Under Restrictions

In February, Israeli Prime Minister Benjamin Netanyahu ordered Israel Institute of Biological Research to join fight against the coronavirus pandemic. They are making “significant progress,” and are now commencing animal trials, using rodents. The laboratory is located in Nes Ziona, in central Israel, and hopefully positive results will come from these tests.

Coronavirus: Oman to Quarantine Travelers, Gulf States on Alert

The Ministry of Health of the Sultanate of Oman confirmed on Saturday that no cases of coronavirus have been registered in the country. In a statement issued by the Omani News Agency, it stated that within the framework of the procedures adopted to fight the infection, Oman would carry out domestic or institutional quarantine of travelers from those countries affected for a period of 14 days.