Middle-east Arab News Opinion | Asharq Al-awsat

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Men sit outside a discount clothing retail store in Istanbul, Turkey July 13, 2016. REUTERS/Murad Sezer

Turkey: Annual Inflation Rises More than 10%

by Said Abdul Razzak | Sep 6, 2017 | Business

Ankara- Turkey’s annual inflation rose to 10.68 percent in August, compared to 9.79 percent in July. Turkish Statistical Institute report showed that the highest monthly rise was in the education sector (2.79 percent) in prices as the new scholar year approaches, then...

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MasterCard credit cards are displayed for a photographer. (AP Photo/Toby Talbot)

Saudi Ramadan spending expected to reach record levels—report

by Asma Al-Ghabiri | Jul 1, 2014 | Business

Jeddah, Asharq Al-Awsat—Total household spending in Saudi Arabia in the run-up to the Muslim holy month of Ramadan has reached its highest levels this year, Asharq Al-Awsat has learned. A report due to be published within the next few weeks by the Kingdom’s central...

Media ID: 55331061
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MasterCard credit cards are displayed for a photographer. (AP Photo/Toby Talbot)

Cash still king as Saudis shun credit cards

by Asharq Al-Awsat | Apr 11, 2014 | Business

Riyadh, Asharq Al-Awsat—Credit card use in Saudi Arabia has been on the decline since 2008, according to recent data released by the country’s central bank, the Saudi Arabian Monetary Agency. The figures show that credit card revenues in the Kingdom, which stood at...