Middle-east Arab News Opinion | Asharq Al-awsat

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A power station of the Cairo Electricity Distribution Company. (Reuters)

Egypt: Major Increase in Electricity Prices

by Asharq Al-Awsat | Jul 7, 2017 | Business

Cairo- Egypt announced a major increase (18-42 percent) in electricity prices on Thursday as authorities continue to implement an IMF-backed economic reform package. Electricity Minister Mohamed Shaker announced the increase during a news conference, noting the...

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A Kuwaiti woman casts her vote during parliamentary election in a polling station in Kuwait City, Kuwait November 26, 2016. REUTERS/Stringer/File Photo FOR EDITORIAL USE ONLY. NO RESALES. NO ARCHIVES

Kuwait Launches “New Kuwait 2035”

by Asharq Al-Awsat | Jan 31, 2017 | Business

Kuwait- Kuwait has launched on Monday “New Kuwait 2035”: a development plan that represents the state’s promising economic future by 2035, a plan that aims at transforming Kuwait to a financial and commercial center that attracts investments. This vision aims at...

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Majed Al-Osaimi, general supervisor of the social development department, speaking on the initiative aimed at employing social security beneficiaries. — Courtesy photo

Registration at the Saudi ‘Citizens Account Program’ Kicks off in February

by Asharq Al-Awsat | Jan 21, 2017 | Business

Riyadh- The Ministry of Labor and Social Development in Saudi Arabia has revealed that the beginning of February will witness registration at the “Citizens Account Program” – a program that aims at limiting impact of energy prices on citizens – in a step to...

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An Egyptian policeman stands in the middle of al-Haram street in Cairo on August 14, 2014, during clashes with Muslim Brotherhood supporters. (AFP Photo/Mohamed El-Shahed)

Opinion: Economics in the Age of Terror

by Ali Ibrahim | Oct 15, 2014 | Opinion

Approximately 50 percent of international financial assistance to the Middle East—which makes up just 5.5 percent of the global population—is spent on fuel subsidies, World Bank Vice-President for the MENA Region Inger Andersen said in a recent interview with Asharq...

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Inger Andersen, the World Bank’s vice president for the Middle East and North Africa, smiles during a news conference in Rabat, Morocco, on September 7, 2012. (AFP Photo/ Abdelhak Senna)

World Bank Vice-President: Half of region’s population living on less than $4 a day

by Mina Al-Oraibi | Oct 15, 2014 | Business

Washington DC, Asharq Al-Awsat—With war and chaos gripping parts of the Arab world, it is easy to forget that the economic situation across wide swaths of the Middle East and North Africa (MENA) is also bleak. The dire economic prospects of many regional states were...