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Rouhani election boosts Iranian currency

Rouhani election boosts Iranian currency

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...
MENA Facing Unemployment Crisis

MENA Facing Unemployment Crisis

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...
Obama Sends Congress USD 3.8 Trillion Budget

Obama Sends Congress USD 3.8 Trillion Budget

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...
New Economists Wanted

New Economists Wanted

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...