Business

What Saudi Stocks Need to Regain Momentum After Years Near 11,000 Points

Business The Saudi Tadawul Group tower in Riyadh’s financial district. (Hamah Holding)

What Saudi Stocks Need to Regain Momentum After Years Near 11,000 Points

Saudi Arabia’s economy is changing rapidly. Its stock market is not. Despite years of sweeping reforms, strong non-oil growth and heavy investment under…

Abeer Hommadi (Riyadh)
Business An aerial view shows Shibushi National Petroleum Stockpiling Base in Kagoshima prefecture, Japan January 18, 2019, in this photo taken by Kyodo. Mandatory credit Kyodo/via REUTERS

Japan Secures Enough Crude Oil Supplies as US-Iran War Spirals

Japan’s Prime Minister Sanae Takaichi on Saturday reiterated that enough crude oil supplies have been secured in the country for the time being. In response…

Asharq Al Awsat (Tokyo)
Business The APL Sentosa container ship departs from Port Liberty in Bayonne, New Jersey on July 24, 2026. (AFP)

India to Keep Engaging with US on Trade Deal After New Tariff Measures

India said on Saturday it would continue engaging with the United States to conclude a bilateral trade agreement, after Washington imposed a 10% tariff on…

Business A view of Kuwait City on June 2, 2026. (AFP)

Kuwait’s KPC Signs $16 Billion Lease and Leaseback Deal for Oil Pipeline Network

Kuwait Petroleum Corporation (KPC) has signed a $16 billion deal to lease and lease back its crude oil pipeline network with a consortium comprising global…

Business A customer withdraws cash from an Al Rajhi Bank ATM in Saudi Arabia (Al Rajhi Bank)

Saudi Banks’ Q2 Profit Rises 12.5% to $6.63 Bn

Saudi Arabia’s banking sector maintained its strong performance in recent years, posting another set of record results as the 10 banks listed on the Saudi…

Mohammed al-Mutairi (Riyadh)

Business A man refuels his motorbike at the petrol station in Kuala Lumpur, Malaysia, 24 July 2026. (EPA)

Physical Oil Prices Jump with Some Nearing $110 as Iran, Ukraine Wars Hit Supply

The price of physical crude oil cargoes in the Middle East, Europe and Africa jumped this week to two-month highs with some nearing $110 a barrel, as supply…

Business Skyscrapers in Beijing's Central Business District (CBD) and the Forbidden City are seen through haze in Beijing, China, July 24, 2026. REUTERS/Maxim Shemetov

China Restricts Exports to 14 EU Entities

China banned exports of products with the potential for dual civilian and military uses to 14 EU companies on Friday, citing national security concerns. …

Asharq Al Awsat
Business An aerial photograph taken with a drone shows high-rise towers behind social housing blocks in Manchester, Britain, 23 July 2026.  EPA/ADAM VAUGHAN

UK Retail Sales Unexpectedly Rise 1.0% in June

British retail sales volumes unexpectedly rose by 1.0% in monthly terms in June, according to official figures published on Friday. Economists polled by…

Asharq Al Awsat (London)
Business  European Union (EU) Vice President Kaja Kallas gestures during an interview with the media on the sidelines of the Association of Southeast Asian Nations (ASEAN) Foreign Ministers' Meeting in Pasay, Metro Manila on July 24, 2026. (AFP)

EU’s Kallas Questions US Rationale for Tariffs on Bloc, Seeks Clarification

European Union foreign policy chief Kaja Kallas questioned Washington's rationale for imposing new tariffs on European goods, saying on Friday that allegations…

Business A shop attendant displays pairs of gold bracelets for Chinese weddings during a media preview of the Chow Tai Fook Jewellery Group flagship store soft opening, in Hong Kong, China, February 11, 2026. (Reuters)

Gold Softens on Prospects of Fed Rate Hikes as Brent Tops $100

Gold extended losses on Friday after falling 2% in the previous session, as Brent crude's move back above $100 a barrel stoked inflation concerns and…

Business A US Dollar note is seen in this June 22, 2017 illustration photo. (Reuters)

Dollar Gets Yields Boost as Middle East and Trade Wars Raise Inflation Stakes

The dollar was underpinned by higher US Treasury yields on Friday and hovered near a 40-year peak against the yen, as a spike in oil prices and a renewed…

Business 21 July 2026, Taiwan, Taichung: A hand holds a smartphone displaying the term 50 percent tariffs backdropped by cropped flags of the United States and Canada. Photo: Andre M. Chang/ZUMA Press Wire/dpa

US Imposes New Tariffs on 60 Partners as Trump Rebuilds Trade Agenda

A new wave of US tariffs targeting 60 trading partners took effect Friday, replacing an expiring global duty rolled out by President Donald Trump earlier this…

Asharq Al Awsat
Business Prince Abdulaziz bin Salman and Chris Wright at KAPSARC (Saudi Energy Ministry)

Saudi-US Nuclear Cooperation Anchors Kingdom’s Economic, Industrial Transformation

Saudi-US relations have entered a new phase of strategic cooperation with the signing of a peaceful nuclear energy agreement, known as a 123 Agreement, and a…

Hala Saghbini (Riyadh)
Business 24 June 2026, Brazil, Sao Paulo: Aircraft move along the tarmac at Terminal 3 of Guarulhos International Airport (GRU) amid cloudy and rainy weather. Photo: Leco Viana/TheNEWS2 via ZUMA Press Wire/dpa

IATA Taps World Economic Forum Managing Director as New Chief

The International Air Transport Association (IATA) has tapped World Economic Forum managing director Saadia Zahidi as its new director general after current…

Asharq Al Awsat
Business FILED - 21 January 2022, Berlin: FILE PHOTO - The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa

TotalEnergies Discussing Exit from Russian LNG Project

French energy giant TotalEnergies said Thursday it could soon transfer its 10 percent stake in the Arctic 2 liquefied natural gas project, which has been hit…

Asharq Al Awsat (Paris)
Business A vendor sells corn on the bank of the Bosphorus Strait at dusk in Istanbul, Turkey, Friday, June 26, 2026. (AP Photo/Emrah Gurel)

Türkiye Central Bank Keeps Key Interest Rate at 37%

Türkiye 's central bank left its key interest rate at 37% on Thursday, as expected, keeping borrowing costs unchanged for a fourth consecutive meeting as it…

Asharq Al Awsat
Business European Central Bank President Christine Lagarde presents shortlisted designs for future euro banknotes at the ECB headquarters in Frankfurt, Germany, July 23, 2026. REUTERS/Heiko Becker

Lagarde Says She Will Stay on ECB Ship Amid Early Exit Talk

Central Bank President Christine Lagarde insisted on Thursday that she would still be in her role next year, saying "the captain stays on the ship" while there…

Asharq Al Awsat

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Business Prince Abdulaziz bin Salman meets with Energy Secretary Chris Wright during the latter's visit to the Kingdom last year (X).

Experts Tell Asharq Al-Awsat: Nuclear Agreement Strengthens Saudi Arabia's Reliability in Global Markets

Economic experts and specialists told Asharq Al-Awsat that the peaceful nuclear agreement between Saudi Arabia and the United States marks a new and…

Fatehelrahman Yousif (Riyadh)
Business A goldsmith weighs gold jewellery inside a showroom in Ahmedabad, India, July 31, 2025. (Reuters)

Gold Slips from Two-week Peak as Oil Advances; Fed Meeting in Focus

Gold ticked lower on Thursday, slipping from two-week highs hit in the previous session, as an escalating Middle East conflict drove oil prices higher, while…

Asharq Al Awsat
Business FILE PHOTO: Vessels at the Strait of Hormuz, as seen from Musandam, Oman, July 17, 2026. REUTERS/Stringer/File Photo

Oil Prices Rise for a Fifth Day on Supply Concerns amid Chokepoint Threats

Oil prices rose for a fifth day on Thursday on increasing concerns about supply availability amid attacks on tankers in the Red Sea by Yemen's Houthis and…

Asharq Al Awsat
Business The yen is sitting at a four-decade low against the dollar owing to the wide interest rate differentials between the US Federal Reserve and Bank of Japan. Richard A. Brooks / AFP

Tech Bounce Lifts Asia Stocks, Oil Extends Gains on US-Iran Fears

Tech firms enjoyed a much-needed bounce on Thursday as they helped most Asian stock markets higher amid renewed hopes for the AI boom, though oil prices…

Asharq Al Awsat
Business One of the agreements allows the state-owned Egyptian Natural Gas Holding Company (EGAS) and Perenco North Sinai Petroleum Inc. to ⁠explore the Al-Fayrouz onshore ‌area of North ‌Sinai. (AFP)

Egypt Approves Oil and Gas Deals Including Perenco North Sinai Project

Egypt's parliament approved four oil and gas exploration and development agreements on Wednesday, including a North Sinai project involving Franco-British…

Business Cargo vessels are seen at one end of the Strait of Hormuz near the coast of Dibba Al Fujairah, United Arab Emirates, 21 July 2026. (EPA)

CMA CGM Will Impose Emergency Surcharge Due to Renewed Hormuz Tensions

CMA CGM will impose an emergency fuel surcharge following the renewed escalation of hostilities in the Strait of Hormuz effective August 1, the French shipping…

Business Ships move through the Suez Canal, in Ismalia, Egypt, July 31, 2025. (Reuters)

Oil Extends Gains to Near Six-Week Highs on New Middle East Supply Risks

Oil prices extended ‌gains to trade near six-week highs on Wednesday as fears of further supply disruptions intensified after US forces struck Iranian…

Business The 33-story development combines Salmani architecture with contemporary design and offers apartments and penthouses in a prime location near major Riyadh landmarks. (Sakani)

Sakani Expands into Riyadh Residential Towers for the First Time

Saudi Arabia’s Sakani housing program is expanding into residential towers in Riyadh for the first time, marking a shift toward diversifying housing options…

Asharq Al Awsat (Riyadh)
Business A goldsmith weighs gold jewellery inside a showroom in Ahmedabad, India, July 31, 2025. (Reuters)

Gold Hits Two-Week High as Fed Outlook, Middle East Conflict Stay in Focus

Gold rose to a two-week high on Wednesday on technical buying as investors assessed the widening Middle East conflict and awaited the US Federal Reserve…

Business Riyadh, Saudi Arabia (Reuters)

Saudi Arabia Restructures Debt Maturities to Bolster Fiscal Sustainability, Develop the Sukuk Market

Saudi Arabia is continuing to enhance the management of its public debt by restructuring the maturities of government sukuk, a move that experts say will…

Abeer Hommadi (Riyadh)
Business  Prime Minister Mark Carney makes a statement outside the Office of the Prime Minister and Privy Council in Ottawa, on Tuesday, July 21, 2026. (Justin Tang/The Canadian Press via AP)

Canada Evaluating ‘All Options’ After Fresh US Tariffs Threat

Canadian Prime Minister Mark Carney said Tuesday he was looking at "all options" after US President Donald Trump made plans to impose new 50 percent tariffs on…

Business AFP_Gold bars weighing 1000 grams each are displayed at the Austrian Gold and Silver Refinery _Oegussa_ in Vienna

Gold Rises as Diplomatic Efforts offer hope of de-escalation in Middle East

Gold gained more than 1% on Tuesday as investors weighed reports of fresh mediation efforts in the Middle East, which could weigh on energy prices and tame…

Asharq Al Awsat