Middle-east Arab News Opinion | Asharq Al-awsat

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Oil Price at $45 per Barrel, Waiting for Possible Stabilization in Algeria

by Sabri Najeh | Sep 21, 2016 | Business

Cairo-International benchmark Brent crude oil futures were trading at about $45 per barrel on Tuesday. Oil Investor T. Boone Pickens believes the price of oil will rise to a range of $55 to $60 a barrel by the end of the year, he said in an interview with Reuters on...

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A worker looks at a pump jack at an oil field Buzovyazovskoye owned by Bashneft company north from Ufa, Bashkortostan, Russia, July 11, 2015.REUTERS/Sergei Karpukhin/File Photo

Oil Prices Continue to Drop

by Sabri Najeh | Sep 15, 2016 | Business

Cairo–Oil prices continued to drop during Wednesday’s session despite the decrease in the U.S. crude oil’s reserves. Yet, the Libyan statements that oil production could be increased soon had negative effects on the market. The oil market received two blows this week...

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Commodity Prices Continue to Rise in Yemen

by Sabri Najeh | Sep 14, 2016 | Business

Cairo-A recent economic report regarding the financial situation in Yemen revealed relative increase in prices of basic commodities in June compared to prices in May. The report studies the prices and availability of basic food commodities in target governorates-...

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A man views the under-construction King Abdullah Financial District in Riyadh, Saudi Arabia May 12, 2016. REUTERS/Faisal Al Nasser

Health, Banks Sectors in Saudi Arabia Attract Foreign Investors

by Sabri Najeh | Sep 9, 2016 | Business

Cairo- At the 6th EFG Hermes London MENA & Frontier Conference, Arab and foreign investors as well as investment funds have expressed their interest in entering the Saudi market given its promising future and investment opportunities in the majority of economic...

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In a file picture taken on February 28, 2012 a motorist fills up at the gas pump in a gas station of the French northern city of Lille. AFP

Oil Markets Undergo Mass Movements, Prices Inch USD50 per Barrel

by Sabri Najeh | Sep 9, 2016 | Business

Cairo- Oil markets’ trading underwent uninterrupted movements on spot and futures contracts. Aside from the trading session, movements were mass prior to the scheduled meeting in Algeria among Organization of the Petroleum Exporting Countries (OPEC) and Russia on the...