States like Saudi Arabia and the United Arab Emirates that have worked to rebalance from a dependence on energy have seen growth plunge in a year of strife.
The Olaya district of Riyadh, Saudi Arabia. Gulf economies have shrunk 5 percent, as the Hormuz crisis hits energy exports and threatens regional diversification plans.
Assembling a tunnel boring machine at a factory in China. Beijing recently moved to control the exports of dozens of technologies, including such machines.
Assembling a tunnel boring machine at a factory in China. Beijing recently moved to control the exports of dozens of technologies, including such machines.
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