Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Arabia’s Energy Minister Khalid al-Falih talks to journalists before a meeting of OPEC oil ministers in Vienna, Austria, June 2, 2016/. Reuters

Saudi Arabia Eases Procedures to Boost Mining Sector

by Fahd Baqmi | Oct 29, 2016 | Business

Jeddah- The Ministry of Energy, Industry and Mineral Resources in Saudi Arabia announced willingness to launch more investment licenses in the mining sector for the purpose of developing the domain and increasing its contribution to USD25 billion by 2020 amid rising...

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The International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013. REUTERS/Yuri Gripas

IMF, Gulf to Convene Wednesday in Riyadh

by Shuja Al-Baqmi | Oct 26, 2016 | Business

Riyadh- The Gulf ministers of finance and governors of central banks will convene with the International Monetary Fund (IMF) Chief in Riyadh Wednesday evening to discuss latest developments in the international economy and the effect on the region. This step will...

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Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., October 17, 2016. REUTERS/Lucas Jackson

Saudi Bonds.. Practical Indicator of Financial Condition Solidity

by Shuja Al-Baqmi | Oct 25, 2016 | Business

Riyadh- The Saudi bonds to be issued in the international markets are stepping towards a new success –Economic given forecasts that the bonds will attract high demand, amidst an increase of international confidence averages in the current financial condition in Saudi...

Media ID: 55355174
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A man walks past the headquarters of Saudi Basic Industries Corp (SABIC) in Riyadh October 27, 2013. REUTERS/Faisal Al Nasser

Saudi Iron Ore Industrialists Consider Lower Rates

by Fahd Baqmi | Jul 26, 2016 | Business

Jeddah- In light of increasing demand on iron ore, Saudi Arabia’s factories are in the process of reconsidering rates as market competitiveness grows, setting up local products versus imports. Workers at the iron ore industry told Asharq Al-Awsat newspaper that...