Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Deputy Crown Prince Meets Secretary General of United Nations in China (SPA)

Deputy Crown Prince and Putin Open New Page of Saudi-Russian Relations

by Najlaa Habriri | Sep 6, 2016 | World

Hangzhou – Saudi Arabia and Russia, the world’s biggest oil producers, agreed on Monday to work together to achieve stability of oil prices. The agreement was reached following a bilateral meeting held on the sidelines of the G20 Nations Summit in the Chinese city of...

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Khalid A. Al-Falih (L) and Ali al-Naimi attend a news conference at the opening ceremony of the King Abdullah University of Science and Technology (KAUST) in Jeddah September 23, 2009. REUTERS/Susan Baaghil/File Photo

Historic Event: Moscow, Riyadh Cooperate to Monitor Oil Market

by Wael Mahdi | Sep 6, 2016 | Business

Khobar- Oil prices rose on Monday right after Saudi Arabia and Russia signed an initial agreement to discuss possible ways to support oil market stability. The agreement was highly welcomed by oil-producing countries. However, the biggest oil-producing countries in...

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A picture illustration shows U.S. 100 dollar bank notes and Japanese 10,000 yen notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao

Capital Flow to Saudi Shares Market Declines

by Shuja Al-Baqmi | Sep 3, 2016 | Business

Riyadh-The recent relapse in traded monetary liquidity averages in the Saudi shares market caused concern for some shareholders in enlisted companies. This situation coincided with the upcoming Eid Al-Adha holiday. On the level of monetary liquidity flow to Saudi...

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A pump jack and pipes are seen on an oil field near Bakersfield on a foggy day, California January 18, 2015. REUTERS/Lucy Nicholson

South Iraq’s Oil Exports Increased in August

by Asharq Al-Awsat | Sep 3, 2016 | Business

Basra-Iraq’s oil exports from southern ports rose to more than 3.230 million barrels per day (bpd) in August, from 3.202 million bpd in July, as crude production increased, the oil ministry said on Thursday. The West Qurna 1 field, developed by Exxon Mobil, and...

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Oil Drillers David McNew / Getty Images / AFP

Angola’s Oil Boom … and Crisis

by Kevin Sieff | Sep 3, 2016 | Business

Luanda-As the price of oil rose earlier this decade, this capital city did as well. Glass skyscrapers soared above the rubble of a 27-year civil war. American pop stars such as Mariah Carey were flown in to play private concerts. Luanda would become, its government...