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...
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...
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...
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...
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...
