Middle-east Arab News Opinion | Asharq Al-awsat

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A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver/File Photo

Oil Jumps in Knee-jerk Reaction after Strikes on Syria

by Asharq Al-Awsat English | Apr 7, 2017 | Business

Oil futures jumped more than 2 percent to a one-month high on Friday after the US launched an attack on Syrian airbase leaving repercussions on global markets and raising concerns in the oil-rich region. Oil, gold, foreign exchange, German and US 10-year bonds, all...

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The Boeing logo is seen on a Boeing 787 Dreamliner airplane in Long Beach, California. (Reuters)

Boeing President: 2016, Second Safest Year in Aviation History

by Abdul Hadi Habtor | Mar 19, 2017 | Business

Riyadh – Boeing President Marc Allen underscored the shared confidence between Boeing and Saudi Arabia, noting that the kingdom has the latest defense techniques in the aviation field. According to Allen, the toughest challenge in this field is the continuous...

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Pump Jacks are seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson

It’s Going to Be a Hot Summer for Oil Prices

by Jason Schenker | Jan 24, 2017 | Opinion

Oil prices have been falling since the New Year. After a bullish announcement from the Organization of Petroleum Exporting Countries and production cuts by non-OPEC nations, the narrative has become bearish, focused on drilling for U.S. shale oil, as well as the...

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Khalid al-Falih, Saudi Energy Minister, attends a session at the annual meeting of the World Economic Forum in Davos January 23, 2014. — Reuters pic

Saudi Energy Minister: Cut Deal Not Needed Beyond 6 Months

by Wael Mahdi | Jan 18, 2017 | Business

Khobar- Saudi Arabia’s Energy Minister Khalid al Falih, in an interview at the World Economic Forum in Davos, said on Tuesday that the oil cut deal struck between Oil Producing and Exporting Countries (OPEC), will not be necessary beyond June. The window of...

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Stock Market – Reuters

World Bank Predicts 2.7% Global Economic Growth in 2017

by Heba El Koudsy | Jan 12, 2017 | Business

Washington – Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017 after dropping to its lowest levels during 2016, the World Bank said in its latest report. Growth rates are expected to improve to 3.1% in the Middle East and North...