Middle-east Arab News Opinion | Asharq Al-awsat

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Tourists in Istanbul. Reuters photo

Turkey Expects $1.6 Billion Surplus in Medium-term Plan

by Saeed Abdelrazek | Oct 7, 2017 | Business

Ankara- The Turkish government expects its primary surplus at 5.8 billion lira ($1.62 billion) in 2018, as part of its latest medium-term plan. The government also announced in its Official Gazette that it targeted primary surplus of 11.8 billion lira in 2019 and 25.5...

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FILE PHOTO – The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017. REUTERS/Mike Blake/File Picture

Google Brings Cellular Service to Puerto Rico Using Balloons

by Asharq Al-Awsat English | Oct 7, 2017 | Technology

The US Federal Communications Commission (FCC) announced it had granted Alphabet Inc. the green light to use solar power balloons to bring cellular service to Puerto Rico, which has struggled to regain communications services since Hurricane Maria hit last month. The...

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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

Saudi-Russian Talks on Oil Output Agreement ahead of OPEC Meeting

by Asharq Al-Awsat | Oct 7, 2017 | Business

Moscow — Saudi Arabia hopes to reach an agreement with Russia on what to do when a global oil output deal expires in March, before an OPEC meeting in November, Saudi Energy Minister Khalid al-Falih said in Moscow on Friday. “I am looking forward to reaching consensus...

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Saudi Arabian Energy Minister Khalid al-Falih attends a meeting of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg, Russia July 24, 2017. Reuters

Saudi-Russian Scenario to Extend OPEC Agreement till End of 2018

by Wael Mahdi | Oct 6, 2017 | Business

Kuwait- Russia and Saudi Arabia’s remarks Thursday have revived oil markets and hopes of another year of trying to rebalance the oil market after the Kingdom showed its support for the Russian proposal to extend the current global agreement between oil-producers until...

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The Kingdom Tower stands in the night above the Saudi capital Riyadh November 16, 2007. REUTERS/Ali Jarekji

IMF Commends Saudi Reforms within Vision 2030

by Heba al-Qodsi and Asharq Al-Awsat | Oct 6, 2017 | Business

Washington, Riyadh — Timothy Callen, IMF Mission Chief for Saudi Arabia, lauded the reforms implemented by Saudi authorities within Saudi Vision 2030 from “adjusting fiscal policy to the realities of lower oil prices,” enhancing the business environment and increasing...

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The Saudi-Russian Investment Forum. SPA photo

Riyadh, Moscow Sign MoUs in Nuclear Energy, Other Fields

by Asharq Al-Awsat English | Oct 5, 2017 | Business

Saudi Energy Minister Khalid al-Falih said on Thursday that King Salman’s historic visit to Russia will witness the signing of memoranda of understanding in several fields. The visit shows the high degree of mutual trust between Russia and Saudi Arabia, Falih said,...