Middle-east Arab News Opinion | Asharq Al-awsat

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A table with OPEC logo is seen during the presentation of OPEC’s 2013 World Oil Outlook in Vienna , November 7, 2013. REUTERS/Leonhard Foeger

Oil up More Than 8 pct as OPEC Finalizes Output Cut Deal

by Asharq Al-Awsat English | Nov 30, 2016 | Business

Oil prices soared more than 8 percent on Wednesday as some of the world’s largest oil producers agreed to curb oil output for the first time since 2008 in a last-ditch bid to support prices. Crude prices, however, are unlikely to skyrocket in reaction to the...

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Russian Energy Minister Alexander Novak attends an international conference dedicated to the 175th anniversary of Sberbank in Moscow, Russia November 10, 2016. REUTERS/Sergei Karpukhin

Oil Rates Bounce Back 4 Percent on OPEC, Russia Negotiations in Doha

by Sabri Najeh | Nov 16, 2016 | Business

Cairo- Oil rates continued bouncing back on Tuesday from a multi-months low. The increase was realized based on hopes of a majority vote for a production agreement being reached at the Organization of the Petroleum Exporting Countries (OPEC) upcoming November meeting....

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Turkish President Tayyip Erdogan attends an interview with Reuters at the Presidential Palace in Ankara, Turkey, July 21, 2016. REUTERS/Umit Bektas

Turkey’s Central Bank Leaves Key Interest Rates Unchanged

by Saeed Abdelrazek | Oct 21, 2016 | Business

Ankara- The Central Bank of the Republic of Turkey (CBRT) announced leaving the upper band of the marginal funding rate unchanged on Thursday, a few hours after Turkey’s President Recep Tayyip Erdogan had reiterated being an ‘enemy’ to interest rates. President...

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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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Saudi Arabia: Retail Meat Market Maintains High Rates Despite 30% Rate Cut on Livestock

by Ali Al-Qattan | Sep 12, 2016 | Business

Riyadh, Damam- Meat market rates sustained rocketing digits across many retail outlets despite the Saudi Ministry of Agriculture and Livestock announcing a 30 percent cut on livestock rates. Given the current Hajj season, which brings about Eid al-Adha, there has been...