Middle-east Arab News Opinion | Asharq Al-awsat

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In this photo released by the official website of the office of Iranian President-elect Hasan Rouhani, Rouhani speaks in a conference in Tehran, Iran, Saturday, June 29, 2013 (AP Photo/Office of the President-elect, Hojjat Sepahvand)

Rouhani election boosts Iranian currency

by Asharq Al-Awsat | Jul 1, 2013 | Middle East

London, Asharq Al-Awsat—The Iranian rial has experienced a surge in value against foreign currencies in the wake of the election of Hassan Rouhani, while economists have criticized outgoing president Ahmadinejad’s final budget. Prior to the presidential election, held...

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A Yemeni man works on the display of his wares in his shop at a market in the old city neighborhood of Sanaa, Yemen, Sunday, March 24, 2013. (AP Photo/Hani Mohammed)

MENA Facing Unemployment Crisis

by Mahmud El Shafey | Apr 13, 2013 | Business

London, Asharq Al-Awsat—More than half the working-age population of the Middle East and North Africa (MENA) is neither employed nor in education, a World Bank report has revealed. The latest World Bank report, titled “Jobs for Shared Prosperity: Time for action in...

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U.S. Defense Secretary and Chairman of the Joint Chiefs of Staff discuss the Defense Department’s FY2014 budget request, which will form a considerable part of US expenditure. Source: AFP/Getty Images/Mark Wilson

Obama Sends Congress USD 3.8 Trillion Budget

by Asharq Al-Awsat | Apr 11, 2013 | World

Washington, AP—President Barack Obama sent Congress a USD 3.8 trillion budget plan that hopes to tame galloping deficits by raising taxes on the wealthy and trimming America’s most popular benefit programs. In aiming for a compromise between Republicans who refuse to...

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An Egyptian youth wears a Guy Fawkes mask, trademark of the anonymous movement and based on a character in the film V for Vendetta, with writing on it reading in Arabic: “The people are not afraid of the ruler” during a demonstration in Cairo’s Tahrir square on January 31, 2013.
(AFP PHOTO/MOHAMMED ABED)

Arab Economies Must Create Millions of Jobs, Warns UN Report

by Asharq Al-Awsat | Mar 16, 2013 | Business

London, Asharq Al-Awsat—The states of the Arab world must create millions of new jobs for their young people if they are to avoid serious economic and political problems, a new UN report warned this week. The organization’s annual Human Development Report was launched...

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The second annual Arab Economic and Social Development summit in session, in Riyadh, Saudi Arabia (SPA)

New Economists Wanted

by Hussein Shobokshi | Jan 30, 2013 | Opinion

The Arabs are eagerly awaiting some sort of positive economic mobility following the significant Arab economic summit that concluded recently in the Saudi capital Riyadh. The summit was mainly geared towards addressing the economic challenges and exceptional...