Middle-east Arab News Opinion | Asharq Al-awsat

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Venezuelan President Nicolas Maduro. (Reuters)

Venezuela Drowns in Poverty despite Massive Oil Reserve

by Sabri Najeh | May 12, 2017 | Business

Cairo – Venezuela has the biggest oil reserve in the world. Since 2013, it has raised the minimum wage around 15 times, the last of which was last Sunday. The country is suffering from a very bad economic situation and is drowning in poverty more and more every...

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Emirates passenger plane. Photo AFP/Ishara KODIKARA

Emirates Group Profits Fall 70 Percent in 1 Year

by Asharq Al-Awsat | May 12, 2017 | Business

Dubai- Emirates Group has said that it made profits of 2.5 billion dirhams (670 million dollars) in its last fiscal year ending in March, a 70 percent fall. The Group’s revenue reached 94.7 billion dirhams (US$ 25.8 billion), an increase of 2 percent over last year’s...

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Man waving the ISIS flag. AFP photo

Sinai Tribes Rise against ISIS

by Mohamed Abdu Hassanein | May 12, 2017 | Middle East

Cairo- A number of tribesmen in Egypt’s Sinai region revolted on Thursday against ISIS and started collaborating with the Egyptian Army to regroup ahead of launching a significant qualitative operation against the terrorist organization. Local sources in Sinai said...

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People inspect a hospital damaged following an air strike in the eastern Ghouta region on the outskirts of the capital Damascus on May 1, 2017. Sameer Al-Doumy/AFP

Moscow: US Participation in ‘De-escalation Zones’ Linked to Syrian Regime’s Approval

by Taha Abdelwahed, Youssef Diab | May 12, 2017 | Middle East

Moscow, Beirut- Russia insisted Thursday that the US contribution to the memorandum on establishing de-escalation zones in Syria should be acceptable for Damascus in the first place. Deputy Foreign Minister Mikhail Bogdanov told reporters in Sochi that it was still...