Middle-east Arab News Opinion | Asharq Al-awsat

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Venezuelan President Nicolas Maduro. (Reuters)

Venezuela Drowns in Poverty despite Massive Oil Reserve

by Sabri Najeh | May 12, 2017 | Business

Cairo – Venezuela has the biggest oil reserve in the world. Since 2013, it has raised the minimum wage around 15 times, the last of which was last Sunday. The country is suffering from a very bad economic situation and is drowning in poverty more and more every...

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A vendor displays his stock at a traditional market in Tunisia. (AFP)

Tunisia: Significant Rise in Prices before Ramadan

by Al-munji al-Saaidani | May 9, 2017 | Business

Tunisia – Consumer inflation in Tunisia increased to 5% at the end of April and is expected to continue in the coming period due to mounting consumption, especially during the month of Ramadan and in wake of the Tunisian currency devaluation. The National...

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REUTERS/Murad Sezer

Turkey Aims at 5% Growth in 2018, 2019

by Said Abdul Razzak | Dec 8, 2016 | Business

Ankara- Turkish Deputy Prime Minister Mehmet Simsek announced that Turkey aims to achieve 5% growth in 2018 and 2019 while its inflation rate reached 7.5% for this year. In his keynote before the Committee on Plan and Budget that discusses the new budget of the...

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People transport bags of grain while riding on the back of a pick-up truck near of a store in Sanaa April 8, 2015. REUTERS/Mohamed al-Sayaghi

In Ramadan…Yemenis Struggle with Hunger, Soaring Prices

by Asharq Al-Awsat | Jun 24, 2016 | Middle East

Eden-The ongoing conflict in Yemen and the financial policies imposed by militias on the Central Bank in Sanaa, which is controlled by Houthis and Ali Abdullah Saleh’s forces, damaged the Yemeni Riyal and led to a rise in food and commodity prices, mostly during...

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President Barack Obama addressing a crowd in Chicago, Friday February 15 2013 (AP Photo/M. Spencer Green)

Obama’s Second Term

by Hussein Shobokshi | Jan 26, 2013 | Opinion

For the second time, the American people celebrated Barack Obama’s inauguration as US President in a scene that continues to capture the people’s imagination owing to its great symbolism and significance. Obama still represents the American dream in its...