Middle-east Arab News Opinion | Asharq Al-awsat

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Bitcoin and other digital currencies are gaining popularity, but the exchanges where they trade have many weaknesses. Credit Dado Ruvic/Reuters

‘False Peace’ for Markets? A Trader Is Betting Millions on It

by Landon Thomas Jr. | Sep 30, 2017 | Business

AUSTIN, Tex. — Last Wednesday was another good day to make money on Wall Street: Stocks pushed up, interest rates were at rock bottom and the VIX gauge of investor unease was again trending downward. But as investors celebrated yet another bounce-back from a market...

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Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. REUTERS/Sergei Karpukhin

Falih Statements Move Oil Prices Higher

by Asharq Al-Awsat | Jun 20, 2017 | Business

London- Statements made by Energy Minister Eng. Khalid al-Falih pushed up oil prices on Monday after being under pressure for four weeks due to the rise of US outcome and the recovery of Libya and Nigeria production – exempted from oil outcome cut. “In my opinion,...

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A vendor displays his stock at a traditional market in Tunisia. (AFP)

Tunisia: Significant Rise in Prices before Ramadan

by Al-munji al-Saaidani | May 9, 2017 | Business

Tunisia – Consumer inflation in Tunisia increased to 5% at the end of April and is expected to continue in the coming period due to mounting consumption, especially during the month of Ramadan and in wake of the Tunisian currency devaluation. The National...

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Minister of Finance Mohammed Al-Jadaan attends a joint press conference. — SPA

Saudi Arabia: Gradual Modification of Energy Prices, No Income Taxes

by Shuja Al-Baqmi | Dec 23, 2016 | Saudi Arabia

Riyadh – Saudi Arabia has announced that there are no limits for what it’s willing to spend for the sake of defending the country. “The kingdom will not determine the spending for the sake of defending the country — we took into consideration...

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An oil pump jack pumps oil in a field near Calgary, Alberta, July 21, 2014. Pump jacks are used to pump crude oil out of the ground after an oil well has been drilled. REUTERS/Todd Korol

Oil Producers Await a Change in Saudi Stance

by Wael Mahdi | Sep 25, 2016 | Business

Khobar- Saudi Arabia has been adopting since 2014 a clear oil policy that is based on maintaining market share and letting the market fix itself by itself. This policy depends on the philosophy which says that prices might not rise – then Saudi Arabia might lose...