Middle-east Arab News Opinion | Asharq Al-awsat

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Opinion: Iran – Rich and Submissive or Poor and Pure?

by Amir Taheri | Sep 30, 2016 | Opinion

By normal standards the Iranian economy, if not surging ahead in full sail, should at least be on an even keel. And, yet, according to most experts it is heading for choppy waters towards unknown shores. Against such a background, the current debate within the ruling...

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A man walks past an OPEC logo ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina

Oil Rates Enhance after OPEC Optimism

by Asharq Al-Awsat English | Sep 29, 2016 | Business

Oil prices marched higher by 3 percent on Thursday, extending their rally on optimism over OPEC’s first output cut plan in eight years. The Organization of the Petroleum Exporting Countries agreed on Wednesday to cut output to 32.5-33.0 million barrels per day...

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Kuwait, Euromoney Kuwait, Oil, Finance

Kuwaiti Government Proceed with Fiscal Reforms

by Mirza Al-Khuwaylidi | Sep 28, 2016 | Business

Kuwait – Kuwait’s Finance Ministry Undersecretary Khalifa Hamada said on Tuesday that Kuwait’s economy suffers from glaring structural errors induced by accumulations that have stalled development. Hamada said that the government should monitor economic procedures and...

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Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia, center, arrives for a group photo prior to the opening of the 15th International Energy Forum Ministerial meeting in Algiers, Algeria, Tuesday, Sept. 27, 2016. (AP Photo/ Sidali Djarboub)

Iran Rejects Saudi Proposal to Freeze Oil Output

by Wael Mahdi | Sep 28, 2016 | Business

Algiers-The Organization of the Petroleum Exporting Countries (OPEC) will convene on Wednesday on the sidelines of the International Energy Forum, which gathers oil producers and consumers. Many countries are hoping that this consultative meeting would result in an...

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Aramco: Oil and Gas Remain Main Energy Source for Next 5 Years

by Asharq Al-Awsat | Sep 27, 2016 | Business

Dammam- Saudi Aramco chief executive Amin Nasser said that oil and gas will remain the main sources of energy during the next five years. He suggested a four-strategy plan to renew production and exploration sectors. Speaking at the Annual Technical Conference and...