Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Arabia Leads Arab Countries in Online Transactions

by Sabri Najeh | Oct 16, 2017 | Technology

Cairo– Online transactions increased in Arab countries by 22 per cent in 2016, a growth that was led by Saudi Arabia with 27 percent, followed by Egypt with 22 percent and UAE with 21 percent. Events, entertainment, and exhibitions were the fastest growing payments...

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Boeing Co’s logo is seen above the front doors of its largest jetliner factory in Everett, Washington, U.S. January 13, 2017. REUTERS/Alwyn Scott

Boeing: Gulf States Are International Central Point for Air Transportation

by Sabri Najeh | Jun 12, 2017 | Business

Cairo – The Gulf area is an important hub for all airliners, said an official at the American multinational corporation for airplane manufacturing Boeing. Bernard Dunn, President of Boeing Middle East, North America, and Turkey, said that his company is sure to meet...

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OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina

OPEC Expects US Response On Decision to Extend Agreement to Reduce Oil Production

by Sabri Najeh | May 30, 2017 | Business

Cairo – OPEC and non-OPEC countries led by Russia on Thursday expected, during their meeting in Vienna, that the US Shale Oil would respond positively to its final decision to extend the oil production reduction agreement by an additional 9 months until March...

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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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A general view shows an oil refinery in Zawia, west of Tripoli,
December 18, 2013. REUTERS/Ismail Zitouny/File Photo TPX IMAGES OF THE
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Libya’s Oil Production Exceeds One Million Barrels per Day

by Sabri Najeh | May 11, 2017 | Business

Cairo – Libya has recaptured its momentum in the oil market after its oil and gas production has exceeded one million barrels per day. OPEC’s member states are worried that Libyan gains could undermine the organization’s efforts in reducing the global oil...