Middle-east Arab News Opinion | Asharq Al-awsat

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From Hunting Wolves in Rub Al-Khali to Global Oil Trade

by Amir Taheri | Jan 31, 2017 | Lifestyle & Culture

“Out of the Desert: My Journey From Nomadic Bedouin to the Heart of Global Oil” By: Ali Al-Naimi 320 pages, $27 Published by Penguin Looking for Ali Al-Naimi’s book in New York and London bookshops you won’t find it in the section marked “Biography”. For some reason,...

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A gas station worker fuels a vehicle in Tokyo August 26, 2015. REUTERS/Toru Hanai

Oil Rates Rise on OPEC Production Cuts

by Asharq Al-Awsat English | Jan 31, 2017 | Business

Oil rates witnessed an increase of some 2 percent on Tuesday after news OPEC oil production has fallen sharply this month and the dollar sank. “This is very high, a good number,” an OPEC source said of the January compliance estimate. The dollar was down...

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A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. REUTERS/Sergei Karpukhin/File Photo

Multibillion-dollar Deals Spark Recovery in U.S. Shale Fields

by Clifford Krauss | Jan 27, 2017 | Business

Houston — Domestic oil production remains in a deep two-year slump, but a rash of multibillion-dollar deals are flashing sparks of recovery in the shale fields of the Permian Basin straddling Texas and New Mexico. Exxon Mobil announced on Tuesday that it was acquiring...

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Deputy Crown Prince Mohammed with the CEO of Third Point LLC, Daniel S. Loeb,and Minister Khalid al-Falih (SPA)

Deputy Crown Prince Chairs Meeting of Saudi Economic Affairs, Development Council

by Asharq Al-Awsat | Jan 26, 2017 | Saudi Arabia

Riyadh – Deputy Crown Prince Mohammed bin Salman, Second Deputy Premier and Minister of Defense, chaired at al-Yammamah Palace a meeting of the Economic Affairs and Development Council. During the meeting, the council reviewed a number of economic and developmental...

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Deir Ezzor airport, seen in 2013, has been a key location for battles throughout the Syrian civil war AFP/Getty Images

Deir Ezzor … ISIS’ Alternative Capital

by Caroline Akoum | Jan 23, 2017 | Features

Beirut- After it began to crumble in Mosul as a result of the offensive against it, ISIS kicked off its decisive battle in Deir Ezzor, one of the biggest cities in eastern Syria. While the terrorist organization succeeded in chocking the regime’s strongholds in the...