Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Arabia led a shift in OPEC policy last year by rejecting calls to reduce production in order to support prices

The Most Cautious Budget with Regards to Oil Price Calculation

by Wael Mahdi | Dec 29, 2015 | Latest News

As oil prices fall to their lowest level in 11 years, the Saudi government yesterday announced a budget with the most cautious oil price in 10 years despite it facing the problem of the current decline and volatility in oil prices by reducing its dependence on oil...

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AP Photos

Opinion: Impressions from a Gulf Visit

by Eyad Abu Shakra | Dec 29, 2015 | Opinion

The famous quote “There are three kinds of lies: lies, damned lies, and statistics” attributed to Benjamin Disraeli and Mark Twain among others may not sound true now as it used to in the past; statistics, as a science, has advanced a lot since then. Thus, it may be...