Middle-east Arab News Opinion | Asharq Al-awsat

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British Prime Minister David Cameron, right, and French President Francois Hollande attend a round table meeting at an EU summit in Brussels on Friday, June 28, 2013. (AP Photo/Yves Herman, Pool)

EU leaders win breakthrough on budget deal

by Asharq Al-Awsat | Jun 28, 2013 | Business

Brussels, AP— European Union leaders reached an outline deal Friday on the 27-country bloc’s EUR 960 billion (USD 1.3 trillion) seven-year budget, overcoming a British–French dispute to sign off on the agreement. British prime minister David Cameron had held out...

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Traders work at the Egyptian Exchange in Cairo
(Reuters/Mohamed Abd El Ghany)

Financial expert says Gulf investors eyeing Egypt

by Sharif Yamani | Jun 21, 2013 | Business

Cairo, Asharq Al-Awsat—The chairman of the Board of Directors of HC Securities and Investment, Hussein Choucri, has said that investors from the Gulf region are interested in venturing into the Egyptian market and are currently considering available opportunities....

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Palestinian Prime Minister Salam Fayyad speaks to the press in the West Bank city of Ramallah. (AP Photo/Majdi Mohammed, File)

Palestinian PM Set to Resign

by Kifah Ziboun | Apr 12, 2013 | Middle East

Ramallah, Asharq Al-Awsat—Palestinian Prime Minister Salam Fayyad tendered his resignation earlier this week over a dispute with President Mahmoud Abbas. Fayyad’s resignation followed weeks of controversy between the two Palestinian leaders over the resignation...

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Iraq’s cabinet approved the $118.6 billion budget in October, but infighting between Shi’ite, Sunni and Kurdish factions repeatedly scuttled attempts by lawmakers to pass the draft legislation in parliament. (AFP)

Shoe Attack on the Floor of Iraqi Parliament

by Hamza Mustafa | Mar 8, 2013 | Middle East

Baghdad, Asharq Al-Awsat—The approval of Iraq’s controversial 2013 budget yesterday was marred by further controversy after a physical altercation broke out between two rival MPs, Asharq Al-Awsat has learnt. The Iraqi parliament concluded its longest legislative...

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A member of the Saudi security force takes part in a military parade in preparation for the annual haj pilgrimage in Mecca October 20, 2012. (Reuters/Amr Abdallah Dalsh)

Saudi Arabia: A Wise Budget

by Tariq Alhomayed | Jan 1, 2013 | Opinion

King Abdullah bin Abdulaziz has presented to the Saudis the largest budget in the history of their country. Some would say this is natural, and to be expected, given the rise in oil prices, and this is true in some respects and not true in others. Specifically in our...