Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55371600
Caption:

U.S. Federal Reserve Chairman Janet Yellen holds a news conference in Washington December 16, 2015. REUTERS/Jonathan Ernst

The Economy May Be Stuck in a Near-Zero World

by Justin Wolfers | Apr 14, 2017 | Business

When the Federal Reserve lowered interest rates to close to zero during the financial crisis, it was an extraordinary move. The central bank had hit the limits of conventional monetary policy, leaving the recovery to sputter along with less help than it needed. Now,...

Media ID: 55366709
Caption:

A view shows the construction of the King Abdullah Financial District in Riyadh, Saudi Arabia May 12, 2016. REUTERS/Faisal Al Nasser

Saudi Real Estate Deals Drop 11% in January

by Abdulilahi Al-Shadid | Feb 1, 2017 | Business

Riyadh- Saudi real estate deals dropped 11% in the first month of 2017 compared to the same period of last year. These results are because of the reluctance in the real estate segment due to government pressures on the sector in order to regulate prices. The fall in...

Media ID: 55365721
Caption:

Clothing shops sell life jackets are seen in the Aegean port city of Izmir, western Turkey, August 10, 2015. REUTERS/Osman Orsal

Unemployment Rate Ups to 11.8%

by Said Abdul Razzak | Jan 17, 2017 | Business

Ankara – The Turkish Statistical Institute (Turkstat) announced on Monday that Turkey’s unemployment rate reached 11.8 percent in October 2016, compared to 11.3 in September of the same year — In the same period, the unemployment in non-agricultural...

Media ID: 55364630
Caption:

Turkish 5 lira banknotes are seen in this illustration picture taken in Istanbul January 28, 2014. REUTERS/Murad Sezer

Turkey’s Central Bank Says Tax Moves Boost Inflation

by Saeed Abdelrazek | Dec 29, 2016 | Business

Ankara- Turkey’s central bank said that recent tax adjustments mainly to tobacco products, food and energy groups, are expected to put upward pressure on December inflation. The monetary policy committee unexpectedly held all interest rates steady facing the...

Media ID: 55363939
Caption:

A Union Jack flag flutters next to European Union flags ahead of a visit from Britain’s Prime Minister David Cameron at the EU Commission headquarters in Brussels, Belgium February 16, 2016. REUTERS/Yves Herman

Post-Brexit Britain Faces a Pay Squeeze

by Mark Gilbert | Dec 15, 2016 | Opinion

Don’t tell Tiny Tim, but even if Brexit hasn’t put a damper on Christmas 2016, next year might be a different story. Come January, Britons will pay 5 percent more for their Lego sets, as the Danish company raises prices in response to the pound’s...