Uncertainty in the Gulf as companies prepare to unveil unequal toll of Iran war on businesses
The fortunes of regional economies, many built around hydrocarbons, largely depend on how reliant they are on the Strait of Hormuz that provides the only sea access to the Gulf. The economy of Saudi Arabia, which also has oil terminals on the Red Sea, will grow 2.1 per cent this year, HSBC forecasts show.
Communities in Turkana want Gulf Energy to prioritise social and economic projects in the county
According to locals, people walk long distances for several hours in search of water, which is often insufficient to meet basic household needs.
