Middle-east Arab News Opinion | Asharq Al-awsat

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Egyptian Finance Minister Ahmed Galal speaks to Asharq Al-Awsat in Cairo. (Asharq Al-Awsat)

Egypt finance minister: New government will change economic policy

by Sharif Yamani | Nov 9, 2013 | Business

Cairo, Asharq Al-Awsat—Speaking to Asharq Al-Awsat from his office in Cairo, Egyptian finance minister Ahmed Galal gave his take on the state of the Egyptian economy and government plans to reduce the budget deficit and enact a growth-based economic policy. Galal is a...

London steps up Islamic finance ambitions

by Asharq Al-Awsat | Sep 18, 2013 | Business

Kuala Lumpur, Reuters—Britain is encouraging banks through a task force to establish shari’a-compliant products, aiming to position London as a Western hub for a fast-growing Islamic finance sector that is expected to reach USD 2.6 trillion by 2017. Aiming to...

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An image taken from the Burj Khalifa, the world’s tallest skyscraper, on May 21, 2013 shows part of Dubai’s Marina. (AFP Photo/Marwan Naamani)

Gulf States look to address inflation by using Turkish model

by Shuja Al-Baqmi | Jul 6, 2013 | Business

Riyadh, Asharq Al-Awsat—Gulf States are looking for possible ways to control inflation rates in the region, including utilizing the Turkish economic model. Gulf States are set to enter into direct negotiations with Turkey next week regarding the possibility of...

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Portuguese Prime Minister Pedro Passos Coelho addresses the nation from his official residence at Sao Bento palace in Lisbon on July 2, 2013. Source: AFP Photo/Francisco Leong

Portuguese markets in turmoil on gov’t confusion

by Asharq Al-Awsat | Jul 3, 2013 | Business

Lisbon, AP—Portugal’s financial markets went into a steep nosedive Wednesday as the government teetered on the verge of collapse, alarming investors and reigniting concerns about the eurozone’s strategy for dealing with its prolonged financial crisis....

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Saudi traders monitoring stock prices (Asharq Al-Awsat)

GCC stock markets fluctuate as Egyptian index rises

by Asharq Al-Awsat | Jul 1, 2013 | Business

Dubai, Asharq Al-Awsat—The performance of Gulf markets was mixed yesterday and throughout the month of June, while optimism over price rises was prevalent in the second quarter of this year. Meanwhile, the Egyptian stock market has risen to its highest level in three...