Middle-east Arab News Opinion | Asharq Al-awsat

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File photo of Old Okaz Market in Taif, near Mecca, Saudi Arabia (Asharq Al-Awsat)

Saudi GDP growth records gradual slowdown

by Abdulilahi Al-Shadid | Jul 18, 2013 | Business

Riyadh, Asharq Al-Awsat—A report published by the Saudi Central Department for Statistics and Information has revealed that GDP has grown by 2.1 percent in the first quarter of this year, compared to 4.4 percent for the previous quarter, and 6.6 percent for the...

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Saudi national counting money in a Saudi bank (Asharq Al-Awsat)

Saudi shares reach 15-month high

by Shuja Al-Baqmi | Jul 8, 2013 | Business

Riyadh, Asharq Al-Awsat—The Saudi shares market has passed the 7,700-point barrier for the first time in 15 months on Sunday. This follows a positive performance by all listed sectors and fluid purchasing activity in yesterday’s trading. The volume of purchasing...

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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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Man holding Egyptian currency (AAA)

Egyptian government plans incentives for investment

by Sharif Yamani | Jun 20, 2013 | Business

Cairo, Asharq Al-Awsat—Egyptian investment minister Yahya Hamed said growth in his country is expected to reach 2.2% this financial year, adding that the reason for the low growth rate is the drop in investment caused by the political unrest over the past two and half...

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

Can the Dubai property market avoid another meltdown?

by Mohammed Alkhereiji | Jun 15, 2013 | Business

Dubai, Asharq Al-Awsat—Is the Dubai property market setting itself up for another fall? Analysts differ, but if the numbers are any indication, the second-largest Gulf emirate has come a long way from the property market meltdown that saw housing prices crash by as...