Al Majalla looks at the different experiences of oil companies in the Arab world and explains why some succeeded and others struggled

Across MENA, the proliferation of militias combines corruption, smuggling, looting, intimidation, and parasitism to swell their coffers at the expense of state treasuries.

After a major governmental push to develop the country's pharmaceutical industry, the sector is now a major contributor to the national economy

Riyadh wants Tunisia's help to build futuristic cities, but domestic issues and mismanaged funds complicate efforts. Al Majalla explains.

Wherever you look, there are problems in the world's major trade arteries, with the worst ripple effects yet to be felt. Despite this, more disarray may follow.

The Egyptian Pound is weak, and the country is losing income from Houthi missiles, causing ships to avoid the Suez Canal. The timing is bad, as Cairo asks the IMF for $750mn in loans.

There is growing unemployment after Israel revoked work permits and withheld tax revenue from the PA. Meanwhile, it continues its brutal war on Gaza, heightening emotions at a tense time.

As the world moves away from oil, the region must move its national economies into a new era. But for most states, their starting position is far from ideal. Where and how should they change?

Washington has finally woken up to the importance of developing this vital region, with Nigeria showing the greatest investment potential — in the trillions.

An $8bn project in the Suez Canal Economic Zone shows Egypt's ambitions to become a global leader in green hydrogen. But with high set-up costs and a huge debt burden, Cairo can't yet go at it alone.