Business

Saudi Energy Ministry Signs MoU with Hyundai to Accelerate Sustainable Transportation

Business The signing of an MoU between the Oil Sustainability Program (OSP) and Hyundai Motor Company (SPA)

Saudi Energy Ministry Signs MoU with Hyundai to Accelerate Sustainable Transportation

The Oil Sustainability Program (OSP), affiliated with Saudi Arabia’s Energy Ministry, and Hyundai Motor Company signed on Monday a memorandum of understanding …

Asharq Al Awsat
Business A worker stacks pressed steel items at a factory which produces metal products for export, in Binzhou, in China's eastern Shandong province on April 15, 2025. (AFP)

India Imposes Temporary Tariff on Some Steel to Stem Cheap Imports from China 

India, the world's second-biggest producer of crude steel, on Monday imposed a 12% temporary tariff on some steel imports, locally known as a safeguard duty,…

Business The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, US, November 22, 2019. REUTERS/Angus Mordant/File Photo

Oil Prices Climb on Short-covering, but Tariff Concerns Linger

Oil prices climbed on Tuesday as investors took advantage of the previous day's losses to cover short positions, although concerns persisted over economic…

Asharq Al Awsat
Business Mawani Adds New CSTAR LINE IMB1 Shipping Service to Jeddah Islamic Port

Mawani Adds New CSTAR LINE IMB1 Shipping Service to Jeddah Islamic Port

The Saudi Ports Authority (Mawani) has announced the addition of the new IMB1 shipping service, operated by CSTAR LINE, to Jeddah Islamic Port as part of its…

Asharq Al Awsat
Business Cargo ships are anchored in the Marmara Sea as they await to cross the Bosphorus, in Istanbul, Türkiye, Sunday, April 13, 2025. (AP)

Türkiye's Simsek to Meet Ratings Agencies, Investors on US Trip

Turkish Finance Minister Mehmet Simsek said he will meet with rating agencies, investors and companies planning to shift supply to Türkiye during a visit to…


Business The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)

Saudi Aramco Signs Development Deal with China’s EV Giant BYD

Saudi oil giant Aramco signed a joint development agreement with Chinese electric vehicle (EV) manufacturer BYD to explore collaboration in the development of…

Business  A view of ships under construction at the Shanghai Shipyard in in Shanghai, China, Sunday, April 20, 2025. (Chinatopix via AP)

Tariff Deal Talks to Dominate IMF-World Bank Meetings This Week

Hundreds of global finance leaders will descend on Washington this week, each with a singular mission: Who can I talk with to cut a trade deal? The semi…

Business FILE PHOTO: A Boeing 737 MAX plane, intended for China's Xiamen Airlines, arrives at King County International Airport after returning from China due to ongoing tariff disputes, in Seattle, Washington, US April 19, 2025. REUTERS/Dan Catchpole/File Photo

Second Boeing Jet Starts Return from China, Tracker Shows

A second Boeing jet intended for use by a Chinese airline was heading back to the US on Monday, flight tracking data showed, in what appears to be another…

Asharq Al Awsat
Business FILE PHOTO: Gold bars are displayed at a gold jewelery shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma//File Photo

Gold Hits Record High on Trade War Woes, Weak Dollar

Gold scaled a record peak on Monday, spurred by concerns over global economic growth amid the US-China trade war, while a weaker dollar further boosted the…

Asharq Al Awsat
Business FILE PHOTO: A drone view shows a cargo ship at Kwai Tsing Container Terminals in Hong Kong, China, April 16, 2025. REUTERS/Tyrone Siu

China Slams 'Appeasement' of US as Nations Rush to Secure Trade Deals

China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, vowing countermeasures against those who "appease"…

Asharq Al Awsat
Business Chair of the European Parliament’s Foreign Affairs Committee David McAllister. (European Parliament)

EU Says Ready to Resume Free Trade Talks with Gulf

Chair of the European Parliament’s Foreign Affairs Committee David McAllister said the European Union is ready to resume free trade negotiations with the…

Abdulhadi Habtor (Riyadh)
Business The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, US, November 22, 2019. REUTERS/Angus Mordant/File Photo

Oil Falls on Signs of Progress in US-Iran Talks amid More Market Stress

Oil prices fell more than 2% on Monday on signs of progress in talks between the US and Iran while investors remained concerned about economic headwinds from…

Asharq Al Awsat
Business The report highlighted a series of advancements in Saudi Arabia’s legislative and regulatory framework for intellectual property. (SPA)

Saudi Arabia Makes Significant Progress in 2025 International IP Index

Saudi Arabia made significant progress in the 13th edition of the US Chamber of Commerce's International IP Index, recording a 17.55% increase in its overall…

Business A Zohr gas field platform in Egyptian waters. (Asharq Al-Awsat)

Egypt Launches Intensive Program to Drill 75 Oil Wells in Eastern Desert

Egypt’s Ministry of Petroleum announced the launch of an intensive drilling campaign in the Gulf of Gharib fields, located in the Eastern Desert, as part of…

Asharq Al Awsat (Cairo)
Business A real estate project in Saudi Arabia. (SPA)

US Tariffs Have Limited Impact on Saudi Real Estate Market

More than two weeks after US President Donald Trump imposed a 10% tariff on imports from Gulf Cooperation Council (GCC) countries—part of a broader global…

Mohammed al-Mutairi (Riyadh)
Business  Shoppers walk with their bags at the Dongmyo Flea Market in Seoul on April 15, 2025. (AFP)

South Korea, US, to Hold Trade Talks This Week, Seoul Says

South Korea and the United States will hold trade consultations this week in Washington at the suggestion of the United States, Seoul's trade ministry said on…

Business People walk on a touristic street in Beijing, China, 18 April 2025. (EPA)

China's US Envoy Urges End to Trade War, but Warns Beijing Ready to Fight

China's ambassador to the United States, Xie Feng, has urged Washington to seek common ground with Beijing and pursue peaceful coexistence while warning that…

Most Viewed

 
 

Business Logos of ADNOC are seen at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai/File Photo

China's ENN, Zhenhua Oil Agree LNG Deals with ADNOC

China's privately controlled ENN Natural Gas and state-run Zhenhua Oil have each signed a term deal to buy liquefied natural gas from Abu Dhabi National Oil…

Asharq Al Awsat
Business US Federal Reserve Chair Jerome Powell, seen in April 2025, said he considered Fed independence to be a matter of law. Brendan SMIALOWSKI / AFP

Trump Goes to War with the Fed

Donald Trump's simmering discontent with the US Federal Reserve boiled over this week, with the president threatening to take the unprecedented step of ousting…

Asharq Al Awsat
Business This pool photo taken and released on April 18, 2025 by Agence Kampuchea Presse (AKP) shows China's President Xi Jinping (C-L) walking with Cambodia's Senate President Hun Sen (C-R) past the honour guard upon his departure at Phnom Penh International Airport. (AFP)

China’s Leader Ends Southeast Asia Tour Touting Beijing’s Reliability vs. US Tariff Threats

Chinese President Xi Jinping capped a three-nation Southeast Asia tour in Cambodia on Friday, promoting Beijing's reliability as the region faces economic…

Business  Cyclists ride through an intersection as the Tokyo Skytree (C-behind) looms in the background in the Minowa area of Tokyo on April 15, 2025. (AFP)

Japan Cautions about Uncertainty from Trump Trade Policies

Japan's government warned of uncertainty over the impact of US trade policies as tariffs could hurt the global economy but it also said in a monthly report on…

Business A fisherman feeds cats his recently caught small fish from the Marmara Sea, along the Kadikoy sea promenade in Istanbul, Türkiye, Tuesday, April 15, 2025. (AP)

Türkiye's Simsek Says Disinflation to Continue, FX Pass-through Limited

Turkish Finance Minister Mehmet Simsek said on Friday that disinflation would continue despite some recent deterioration in expectations, adding that the…

Business  Ships are seen under construction at the Jinling Shipyard in Nanjing, in China's eastern Jiangsu province on April 14, 2025. (AFP)

United States Eases Port Fees on China-Built Ships after Industry Backlash

The Trump administration shielded on Thursday domestic exporters and vessel owners servicing the Great Lakes, the Caribbean and US territories from port fees…

Business US Energy Secretary during the press conference at the Saudi Energy Ministry (Reuters)

Wright to Asharq Al-Awsat: Diversification, Investment Can Go Hand in Hand

Amid growing global economic uncertainty driven by trade tariffs and their impact on oil prices, US Energy Secretary Chris Wright visited the Middle East this…

Hala Saghbini (Riyadh)
Business Agricultural labourers harvest the wheat crop at Chadiala village in the northern Indian state of Punjab April 10, 2008. REUTERS/Ajay Verma (INDIA)

Tunisia Gets Offers in 75,000 T Soft Wheat Tender, Traders Say

The lowest price offered in the international tender from Tunisia's state grains agency on Thursday to purchase about 75,000 metric tons of soft wheat was…

Asharq Al Awsat
Business A jeweller shows a gold bar at his shop in downtown Kuwait City on May 20, 2024. (Photo by YASSER AL-ZAYYAT / AFP)

Gold Prices Retreat from Record High as Investors Cash In

Gold prices pulled back from a record high on Thursday as investors booked profits following a rally driven by concerns around US President Donald Trump's…

Asharq Al Awsat
Business A logo of Türkiye's Central Bank (TCMB) is pictured at the entrance of the bank's headquarters in Ankara, Türkiye April 19, 2015. REUTERS/Umit Bektas/File Photo

Turkish Central Bank Surprises with Rate Hike to 46% after Market Turmoil

The Turkish central bank hiked its key interest rate by 350 basis points to 46% on Thursday, in a surprise move that reversed an easing cycle and slightly…

Asharq Al Awsat
Business File photo of the Saudi capital Riyadh - File/AAWSAT

Saudi Arabia, Indonesia Boost Cooperation in Mining Sector

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef signed in Jakarta a memorandum of understanding with Minister of Energy and Mineral…

Asharq Al Awsat
Business Visitors flock to one of the events of “Riyadh Season 2024” (SPA)

Attractive Environment Drives Surge in Private Tourism Facilities in Saudi Arabia

As Saudi Arabia experiences a surge in visitor numbers, there is a growing need to expand tourism infrastructure to keep up with demand. In this context,…

Ayat Nour (Riyadh)