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Asian Economies Weigh Impact of Fresh Trump Tariff Moves, Confusion

Business  Shoppers crowd for the upcoming Chinese Lunar New Year celebrations at the Dihua Street market in Taipei, Taiwan, Sunday, Feb. 15, 202. (AP)

Asian Economies Weigh Impact of Fresh Trump Tariff Moves, Confusion

US trading partners in Asia started weighing fresh uncertainties on Saturday after President Donald Trump vowed to impose a new tariff on imports, hours after…

Business Brazil's President Luiz Inacio Lula da Silva (L) and Indian Prime Minister Narendra Modi are expected to discuss efforts to increase trade links. Ludovic MARIN / AFP/File

Brazil, India Eye Critical Minerals Deal as Leaders Meet

India's Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva are set to meet in New Delhi on Saturday, seeking to boost cooperation…

Asharq Al Awsat
Business Saudi Energy Minister Prince Abdulaziz bin Salman Al Saud and Turkish Energy and Natural Resources Minister Alparslan Bayraktar attend the signing of a power purchase agreement between Türkiye and ACWA Power in Istanbul on Friday (photo from the Turkish minister’s account on X).

Türkiye, Saudi Arabia Sign Comprehensive Power Purchase Agreement

Türkiye’s Energy and Natural Resources Ministry signed a comprehensive power purchase agreement with Saudi energy giant ACWA Power to develop solar power…

Saeed Abdulrazek (Ankara)
Business FILE PHOTO: European Central Bank (ECB) President Christine Lagarde reacts during an address to the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, December 18, 2025. REUTERS/Heiko Becker/File Photo

Lagarde Dampens ECB Exit Talk, Expects to Finish her Term

European Central Bank President Christine Lagarde has attempted to calm speculation about her stepping down early that has called into question the central…

Asharq Al Awsat
Business Donald Trump has deployed warships, fighter jets and other military hardware to the Middle East as he puts pressure on Iran. Hannah Tross / US NAVY/AFP

Stocks Drop, Oil Rises after Trump Iran Threat

Most Asia equities fell and oil prices rose on Friday after Donald Trump ratcheted up Middle East tensions by hinting at possible military strikes on Iran if…

Asharq Al Awsat

Business A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)

Third ‘Mirkaz AlBalad AlAmeen Platform’ to Open in Makkah on Sunday 

The third edition of the “Mirkaz ABalad AlAmeen”, a leading platform for exchanging opportunities in Makkah, will kick off on Sunday, under the theme “Makkah…

Business The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)

Saudi Arabia’s Mawani Grants Unified License to Global Shipping Line 

The Saudi Ports Authority (Mawani) granted on Thursday a unified license to international shipping line Global Shipping Line (PIL), officially recognizing it…

Business FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo

IMF: Restoring Lebanon's Economic Growth Will Require Comprehensive Reforms

Lebanon's economy has shown resilience despite conflicts in the region, with tourism fueling a bit of a rebound, but restoring growth will require…

Asharq Al Awsat
Business The King Abdullah Financial District in Riyadh (Asharq Al-Awsat)

Saudi Arabia Allows Contracting Exceptions for Firms without Regional HQ

Saudi Arabia has introduced greater flexibility into its investment environment, allowing government entities, under strict controls to safeguard spending…

Bandar al-Mosalam (Riyadh)
Business The city's downtown on a frosty winter day, amid Russia's attack on Ukraine, in Kyiv, Ukraine February 19, 2026. REUTERS/Alina Smutko

IMF Board to Review Staff-level $8.1 Bln Agreement for Ukraine

The International Monetary Fund on Thursday said its board ​would review a staff-level agreement for a new $8.1 billion lending program for Ukraine in coming…

Asharq Al Awsat
Business A screen displays a stock chart at a work station on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 6, 2022. REUTERS/Brendan McDermid

US Stocks Fall as Iran Angst Lifts Oil Prices

Wall Street stocks retreated early Thursday as worries over US-Iran tensions lifted oil prices while markets digested mixed results from Walmart. US oil…

Asharq Al Awsat
Business UK gold bars and gold Sovereign coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo

Gold Advances on US–Iran Tensions as Markets Weigh Fed Policy Path

Gold prices extended gains on Thursday after rising more than 2% in the previous session, as lingering tensions between the United States and Iran prompted a…

Asharq Al Awsat
Business A cluster of buildings and hotels surrounding the Prophet’s Mosque (SPA). 

Madinah Sees Tourism Surge Ahead of Ramadan, Spending Tops $13.9 Billion

Saudi Arabia’s Minister of Tourism, Ahmed Al-Khateeb, has toured hospitality facilities and visitor services in Madinah as part of the “Spirit of Ramadan”…

Asharq Al Awsat (Madinah)
Business An Airbus A350-1000 at the Singapore Airshow on February 4. The company said Thursday it aims to deliver a record number of aircraft this year. Roslan RAHMAN / AFP/File

Airbus Planning Record Commercial Aircraft Deliveries in 2026

Plane maker Airbus aims to deliver a record number of commercial aircraft this year, the company said Thursday, capitalizing on "strong demand" and a jump in…

Asharq Al Awsat
Business The logo of the Saudi company Humain. Asharq Al-Awsat

Saudi Arabia's Humain Invests $3 Bn in Musk's xAI

Saudi Arabia's artificial intelligence firm Humain said Wednesday it had invested $3 billion in US billionaire Elon Musk's xAI. The investment made Humain…

Asharq Al Awsat (Riyadh)
Business A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, US, June 14, 2016. REUTERS/Lucy Nicholson

Microsoft Arabia: Saudi Arabia Accelerates AI Adoption, Turns It Into Competitive Edge

Saudi Arabia has cemented its global standing in artificial intelligence after pouring significant investments into the sector in 2025, accelerating digital…

Abir Hamdi (Riyadh)

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Business Lockheed Martin took part in the recent World Defense Show in Riyadh. (Asharq Al-Awsat)

Lockheed Martin: Saudi Arabia Is Strategic Choice for Global Defense Hub

Saudi Arabia’s push to localize half of its defense spending under Vision 2030 is drawing deeper commitments from US defense giant Lockheed Martin, which says…

Mosaed al-Zayani (Riyadh)
Business A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)

Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

Türkiye Petrolleri (TPAO) has signed a partnership agreement with Shell to carry out exploration work in Bulgaria's maritime zone, the Turkish energy ministry…

Asharq Al Awsat
Business udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA

Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner exclusively in…

Asharq Al Awsat
Business (FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)

Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

Moody’s Corporation announced that it has established its regional headquarters in Riyadh, reflecting ongoing commitment to support the development of the…

Asharq Al Awsat (New York)
Business The launch of the Namaa Endowment Fund (Asharq Al-Awsat)

Saudi Arabia Launches First Endowment Fund for Environmental, Water and Agricultural Sustainability

Saudi Arabia has launched its first endowment fund dedicated to advancing environmental, water and agricultural sustainability, reinforcing efforts to…

Asharq Al Awsat (Riyadh)
Business Tourism Minister Ahmed Al-Khateeb and other officials during his inspection tour on Tuesday. (Asharq Al-Awsat)

Makkah Gears Up for Ramadan with Tourism Drive, Record Hospitality Growth  

Saudi Arabia’s Ministry of Tourism has raised the readiness of Makkah’s hospitality sector to its highest level ahead of the holy month of Ramadan, stressing…

Asharq Al Awsat (Makkah)
Business FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the press following the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, February 5, 2026. REUTERS/Jana Rodenbusch/File Photo

ECB President Lagarde Reportedly Plans to Quit Before Macron's Term Ends

European Central Bank President Christine Lagarde plans to leave her job before next year's French presidential election to allow Emmanuel Macron to have an…

Asharq Al Awsat
Business Pedestrians cross Westminster Bridge in front of Parliament during the early morning hours in London, Tuesday, Feb. 10, 2026.(AP Photo/Kin Cheung)

UK Inflation Falls to 3.0% in January

Britain's annual ‌rate of consumer price inflation fell to 3.0% in January from 3.4% in December, official figures showed on Wednesday. A Reuters poll…

Asharq Al Awsat (London)
Business The AERO Middle East x Sand & Fun 2026 will be held in Riyadh from November 24 to 28. (SPA)

Riyadh to Host Middle East’s Largest General Aviation Airshow in November 

The Saudi Aviation Club announced that it will organize the AERO Middle East x Sand & Fun 2026 in Riyadh from November 24 to 28, reported the Saudi Press…

Business Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz receives Kazakhstan’s Foreign Minister Yermek Kosherbayev in Riyadh. (SPA)

Saudi Arabia, Kazakhstan Agree to Establish Coordination Council

Saudi Arabia and Kazakhstan agreed to establish a Saudi-Kazakh Coordination Council, reported the Saudi Press Agency on Tuesday. Saudi Minister of Energy…

Business The MoU was signed by Mawani President Eng. Suliman Almazroua and CEO of Qatar Ports Management Company Captain Abdullah Mohammed Al-Khanji. (QNA)

Saudi-Qatari Partnership Paves Way for Logistics Corridors to Boost Regional Trade Efficiency 

The Saudi Ports Authority (Mawani) and Qatar Ports Management Company signed on Tuesday a memorandum of understanding (MoU) aimed at boosting maritime and…

Asharq Al Awsat (Riyadh)
Business The Makkah Halal Forum 2026 was held from February 14 to 16. (SPA)

Golden Halal Logo Launched at Makkah Halal Forum  

The Makkah Halal Forum 2026, which concluded on Monday, marked a pivotal milestone in the development of Saudi Arabia's halal industry, ushering in a new phase…