Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Arabia’s Energy Minister Khalid al-Falih talks to journalists before a meeting of OPEC oil ministers in Vienna, Austria, June 2, 2016. REUTERS/Leonhard Foeger/File Photo

Saudi Arabia Optimistic about Oil Prices in 2017

by Wael Mahdi | Dec 26, 2016 | Business

Khobar – The Saudi Arabian budget was expected to be more clear this year concerning the announcement of oil prices rates used to calculate the budget’s estimations, yet, the oil price rate was maintained hidden till the next year. Khalid A. Al-Falih, Saudi...

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Kuwaiti candidate and former parliament speaker Marzouq Al Ghanem (C) celebrates with his supporters in Kuwait City following the announcment of his victory in the parliamentary election early on November 27, 2016. Yasser Al Zayyat/AFP

Kuwait Elections Topple Prominent Figures

by Mirza Al-Khuwaylidi | Nov 28, 2016 | Middle East

Kuwait – The outcome of the Kuwaiti parliamentary elections caused a great shock as it toppled prominent forces in the parliamentary sector and gave a great boost to the youths. Great number of candidates of the previous majority as well as candidates of the...

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Founding Partner of Wermuth Asset Management Jochen Wermuth

Oil Demand Growth Could Fall below 1% by 2018

by Asharq Al-Awsat | Nov 15, 2016 | Business

Dubai- Impact investment firm Wermuth Asset Management (WAM) said that regardless of whether oil prices rise around potential OPEC production-capping news, there is no long-term future for the hydrocarbon sector. “Solar power is now available at $3 cent/kWh, which is...

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The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. REUTERS/Leonhard Foeger

Oil Prices Slip as OPEC Points to Bigger 2017 Oil Glut

by Asharq Al-Awsat English | Nov 11, 2016 | Business

Oil prices took a plunge on Friday reflecting the oversaturated markets, with an unlikely chance of change so long Organization of the Petroleum Exporting Countries (OPEC) sustain high production rates. International Brent crude futures traded at $45.13 per barrel at...

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A Lebanese banker counts US dollars at BLOM Bank’s head office in Beirut October 22, 2008. REUTERS/Jamal Saidi

Saudi Arabia Promotes First International Bonds

by Wael Mahdi | Oct 13, 2016 | Business

Khobar- Saudi Arabia will meet investors on Wednesday and Thursday in London followed by three-day meetings in the U.S. which will conclude on October 18 to sell its first international issuance of Saudi government bonds. During the meetings, attendees will discuss...