Middle-east Arab News Opinion | Asharq Al-awsat

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A waiter stands next to empty tables at a restaurant in the town of Aley, in the mountains southeast of Beirut, which was once crowded by tourists mainly from the Gulf states at this time of the year on June 26, 2013. AFP PHOTO/JOSEPH EID

UN report shows impact of Syrian crisis on neighbors

by Layal Abu Rahal | Jul 9, 2013 | Business

Beirut, Asharq Al-Awsat—A new UN report has highlighted the impact of the Syrian crisis on neighboring Lebanon and Jordan, with serious economic dislocation recorded in all three countries since the start of the crisis in 2011. The report, from the UN Economic and...

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(FILES) – Picture taken on November 8, 2012 shows Euro banknotes projected on a screen during a press conference following the meeting of the European Central Bank (ECB) Governing Council in Frankfurt am Main. The European Commission on June 5, 2013 gave Latvia a green light to join the 17-nation eurozone in January, saying the country had fulfilled the conditions to join the single currency. (AFP PHOTO / DANIEL ROLAND)

Latvia gets go-ahead to become 18th euro member

by Asharq Al-Awsat | Jun 6, 2013 | Business

Frankfurt, AP— The tiny Baltic state of Latvia has won approval to become the 18th member of the troubled euro currency union – despite doubts among many of its people and international concerns about its banking system. European Union officials said...

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A Saudi trader counts Saudi rial banknotes in Mecca in this October 20, 2012 file photo. Source: REUTERS/Amr Abdallah Dalsh/Files

SAMA pushes banks to hire more Saudis

by Shuja Al-Baqmi | May 14, 2013 | Business

Riyadh, Asharq Al-Awsat—Saudi Arabia’s central bank has given commercial banking institutions in the kingdom three months to complete a list of jobs that could be localized, encouraging them to hire Saudi citizens instead of expatriates, Asharq Al-Awsat can reveal....