middle east

Business Outlook: Low Oil Prices, Stretched Finances

BY Leila Hatoum Oman plans to issue international sovereign bonds this year as a way to address its budget deficit, the country’s Undersecretary Minister of Finance Nasser Al Jashmi told Newsweek Middle East in an interview in Abu Dhabi. Lazard, a well-known international financial advisory and asset management firm, has been appointed by Oman to advise

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Seeds of Growth

The region’s institutions need a heroic commitment to long-term planning BY Hassan Al Damluji At the start of 2016, the Middle East feels battered and bruised. For many of us who take a determinedly optimistic view of the world, 2015 pulled no punches. Despite this, many people are working towards a brighter future. But we’ve got

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Iran Moves From Pariah State to Regional Power

By Samia Nakhoul BEIRUT, Jan 18 – Iran’s release from sanctions testifies to its new relationship with the United States as it moves from pariah state to regional power, a status that could come at the cost of Saudi Arabia, Washington’s chief Arab ally. Enemies and allies alike must adjust to Iran becoming an uninhibited

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Crafting Stability

This troubled region of ours requires lateral thinking and a new approach By Ismail Serageldin The horrors of Daesh and Al Qaeda have reached such a level of barbarity and violence that we are unable to find the right words to describe them. Today, they have crossed the Mediterranean into Europe and their affiliates are

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The Middle East: An Unchartered Future

The Arab world was beset by political turmoil and violence in 2015 and, unless contained, the region could spiral into chaos BY RAMI G. KHOURI Political conditions have evolved so rapidly across the Middle East over the past few years, dominated by events and conflicts that are expected to govern the foreseeable future—that is until

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Googling 2015

Deaths, divorces and destruction dominated much of the region’s online search activity BY ANNA YAZIJYAN As another year draws to a close, the world’s leading search engine, Google, revealed the world’s most searched topics of 2015 in an online report. November’s Paris attacks topped the list with over an unprecedented 897 million searches, while Star

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Israeli Forces Fatally Shoot Two Palestinians

JERUSALEM, Dec 27 – Israeli security forces said they shot dead two Palestinian assailants on Saturday in separate incidents in Jerusalem and the occupied West Bank, as 12 weeks of heightened violence showed no sign of abating. Since the start of October, Israeli forces or armed civilians have killed at least 128 Palestinians, 79 of

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Burning The Midnight Oil

Saudi Arabia’s refusal to budge on oil prices has won it few friends BY Omar Al Ubaydli “You can’t run a business based on sympathies,” the controversial billionaire oil broker, Marc Rich once said. The business of oil is no different; it lubricates the region. And as the price of oil has taken a hit

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Syrian Rebel Fighters Withdraw from Homs Following Ceasefire

BEIRUT, Dec 10 (Reuters) – Buses carrying Syrian rebel fighters and their families safely reached the northwestern city of Idlib overnight after withdrawing from Homs under a local ceasefire agreement, the Syrian Observatory for Human Rights said on Thursday. The United Nations presided over the deal, which the mayor of Homs said involved 300 fighters

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Fatema Mernissi: A Woman for All Seasons

The world has lost a renowned Muslim feminist with the passing of Fatema Mernissi BY Sarah Eltantawi When Fatema Mernissi passed away on Nov. 30, a tremor was felt in homes and classrooms throughout the region. She was born in 1940 to a middle class family. Educated at the Sorbonne and at Brandeis University, she

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