Middle-east Arab News Opinion | Asharq Al-awsat

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A worker walks on top of an oil tank at Turkey’s Mediterranean port of Ceyhan, some 43.5 miles (70 kilometers) from Adana, on February 19, 2014. (REUTERS/Umit Bektas)

Iraq seeks arbitration against Turkey on Kurdish oil sale

by Asharq Al-Awsat | May 24, 2014 | Business

Baghdad and Erbil, Reuters—Iraq filed for arbitration against Turkey on Friday after European markets bought the first load of oil to be carried by pipeline from Iraqi Kurdistan. The request was filed with the Paris-based International Chamber of Commerce (ICC) and...

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The General Court building in Riyadh, pictured in May 2005. (AFP/File)

Saudi contracts providing for arbitration worth $53 bn

by Fahd Baqmi | May 2, 2014 | Business

Jeddah, Asharq Al-Awsat—The value of commercial contracts in Saudi Arabia containing arbitration clauses has reached 200 billion Saudi riyals (53.3 billion US dollars), according to an official from the Gulf Cooperation Council (GCC) Commercial Arbitration Center, who...

Media ID: 55302494
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A general view of Kuwait City in this November 10, 2012 file photo. (Reuters/Stephanie Mcgehee/Files)

Kuwait’s Kharafi group wins USD 930 million from Libya

by Asharq Al-Awsat | May 20, 2013 | Business

Kuwait, Reuters—Libya will have to pay Kuwait’s Kharafi group USD 930 million in damages for former leader Muammar Gaddafi’s cancelling of the construction of a vacation resort, Kuwaiti newspapers reported on Monday. M. A. Kharafi and Sons, a company owned...