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...
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....
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...
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...
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...
