Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Arabia’s King Salman greeted South Korean President Park Geun-hye in Riyadh. PHOTO: SAUDI PRESS AGENCY/REUTERS

South Korea Wants to Increase Trade Exchange with Saudi Arabia

by Fatah Al-Rahman Youssef | Dec 30, 2016 | Business

Riyadh – South Korea is looking forward to a transition in its comprehensive relations with Saudi Arabia in 2017, including: increased trade and investments exchange and technology transfer. Seoul is seeking a role in the economic diversity of kingdom, based on Vision...

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A worker looks at a pump jack at an oil field Buzovyazovskoye owned by Bashneft company north from Ufa, Bashkortostan, Russia, July 11, 2015.REUTERS/Sergei Karpukhin/File Photo

Oil Prices Continue to Drop

by Sabri Najeh | Sep 15, 2016 | Business

Cairo–Oil prices continued to drop during Wednesday’s session despite the decrease in the U.S. crude oil’s reserves. Yet, the Libyan statements that oil production could be increased soon had negative effects on the market. The oil market received two blows this week...

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A Saudi man walks at the Tadawul Saudi Stock Exchange, in Riyadh, Saudi Arabia, Monday, June 15, 2015. Saudi Arabia’s stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices. (AP Photo/Hasan Jamali)

Little Improvement in Saudi Banks

by Shuja Al-Baqmi | Jun 28, 2016 | Business

Riaydh – In a new development that reveals the strength of financial structure of Saudi banks, Saudi Arabian Monetary Agency (SAMA) issued its annual study which showed a little increase of 2% of deposits in local banks during 2015. Based on the study, the bank...

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Oil Prices to Average $40, Biggest Cut in 2016

Oil Prices to Average $40, Biggest Cut in 2016

by Asharq Al-Awsat English | Jan 29, 2016 | Latest News, Middle East

Reuters – Oil prices will average just over $40 this year, the biggest cut to monthly forecasts in a year, as an influx of Iranian barrels hits an already-saturated world market, a Reuters poll showed on Friday. The survey of 29 economists and analysts forecast...

Crude Prices Hovering Slightly above $30 per Barrel

by Asharq Al-Awsat English | Jan 26, 2016 | Business

Oil prices have risen above $30 a barrel today, lifted by hopes that OPEC and non-OPEC producers may be edging closer to a deal to tackle one of the biggest supply surpluses in decades. The Organization of the Petroleum Exporting Countries is making renewed calls for...