Business

Saudi Arabia in Davos: Participation in Dialogues on World Economy, Geopolitical Changes

Business This photograph taken on January 18, 2026 shows a view of the Alpine resort of Davos with the Congress Center that will host the World Economic Forum (WEF) annual meeting. (Photo by Fabrice COFFRINI / AFP)

Saudi Arabia in Davos: Participation in Dialogues on World Economy, Geopolitical Changes

The Saudi delegation led by Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah is gearing up to participate in the World Economic Forum (WEF)…

Asharq Al Awsat (Davos)
Business A photo shows containers and transshipment at Maasvlakte, an industrial area in the port of Rotterdam, on July 21, 2025. (AFP)

World Markets Face Fresh Jolt as Trump Vows Tariffs on Europe Over Greenland

Global markets face a fresh bout of volatility this week after President Donald Trump vowed to slap tariffs on eight European nations until the US is allowed…

Business Ziad El Chaar, Chief Executive Officer of Dar Global, attends an interview with Reuters, in Dubai, United Arab Emirates, April 29, 2025. REUTERS/Amr Alfiky

Dar Global CEO: Saudi Arabia Emerges as One of the World’s Most Attractive Property Markets

As global investors reassess their priorities, Saudi Arabia has firmly positioned itself as one of the world’s most attractive real estate markets and among…

Mosaed al-Zayani (Riyadh)
Business A woman uses a shovel to clear a footpath from now and ice on January 16, 2026 in Nuuk, Greenland. (AFP)

Europeans Reeling as Trump Imposes Tariffs on 8 Countries Over Greenland Dispute

Europeans were reeling Sunday from US President Donald Trump's announcement that eight countries will face 10% tariff for opposing American control of…

Business Sisi during his meeting with the prime minister and the minister of petroleum on Saturday. (Egyptian Presidency)

Egypt to Launch First Nationwide Aerial Survey of Mineral Wealth in 40 Years

Egypt is preparing to launch its first comprehensive nationwide aerial survey of mineral resources in four decades, scheduled for the first quarter of this…

Sabry Nageh (Cairo)

Business Panama's President Jose Raul Mulino, from left, Bolivian President Rodrigo Paz, European Council President Antonio Costa, European Commission President Ursula von der Leyen, Paraguay's President Santiago Pena, Argentina's President Javier Milei, Uruguay's President Yamandu Orsi and Brazilian Minister of Foreign Affairs Mauro Vieira, pose for a group photo during a meeting to sign a free trade deal between the European Union and Mercosur in Asuncion, Paraguay, Saturday, Jan. 17, 2026. (AP Photo/Jorge Saenz)

EU and Mercosur Sign Trade Deal after 25 Years of Negotiations

Top officials from the EU and the South American bloc Mercosur signed a free trade agreement on Saturday in Paraguay, ⁠paving the way for the European Union's…

Asharq Al Awsat
Business A military vessel HDMS Knud Rasmussen of the Royal Danish Navy docked in Nuuk, Greenland, on Saturday, Jan. 17, 2026. (AP Photo/Evgeniy Maloletka)

Trump: 8 EU Countries will be Charged 10% Tariff for Opposing US Control of Greenland

President Donald Trump said Saturday that he would charge a 10% import tax starting in February on goods from eight European nations because of opposition to…

Asharq Al Awsat
Business FILED - 23 January 2020, Switzerland, Davos: The World Economic Forum logo is displayed on a board during a plenary session. Photo: Ciaran McCrickard/World Economic Forum/dpa

High-Ranking Saudi Delegation to Attend World Economic Forum Meeting in Davos

A high-ranking Saudi delegation led by Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah will participate in the World Economic Forum (WEF)…

Asharq Al Awsat (Riyadh)
Business FILE PHOTO: The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo

Fitch Affirms Saudi Arabia’s Credit Rating at ‘A+’ with Stable Outlook

Fitch Ratings has affirmed Saudi Arabia’s sovereign credit rating at A+ with a stable outlook, according to a report issued by the agency on Friday. The…

Asharq Al Awsat (London)
Business The Nave Photon, carrying crude oil from Venezuela, is docked at Port Freeport in Freeport, Texas, US, January 15, 2026. REUTERS/Antranik Tavitian

Oil Prices Rise 1% as Supply Risks Remain in Focus

Oil prices rose over 1% on Friday as supply risks remained in focus despite the receding likelihood of a US military strike against Iran. Brent crude was…

Asharq Al Awsat
Business FILE PHOTO: A saleswoman displays a gold necklace inside a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kolkata, India, May 7, 2019. REUTERS/Rupak De Chowdhuri/File Photo

Gold Eases as Strong US Data, Easing Geopolitical Tensions Sap Momentum

Gold prices ticked lower on Friday, extending losses from the previous session, as stronger-than-expected US economic data and easing geopolitical tensions in…

Asharq Al Awsat
Business International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during an interview with Reuters, amid Russia's attack on Ukraine, in Kyiv, Ukraine January 15, 2026. REUTERS/Valentyn Ogirenko

IMF's Growth Forecasts to Show Resilience to Global Trade Shocks, Georgieva Says

The International Monetary Fund's latest economic forecasts due next week will show the global economy's continued resilience to trade shocks and "fairly…

Asharq Al Awsat
Business Mauritania’s Minister of Mines and Industry, Thiam Tijani (Asharq Al-Awsat) 

Mauritania to Saudi Investors: We Are Your Atlantic Gateway to Securing Minerals of the Future

Mauritania is positioning its mining weight and strategic Atlantic Ocean location as an “African mining gateway” for Saudi investments, extending a clear…

Fatehelrahman Yousif (Riyadh)
Business File photo: Chinese and US flags flutter near The Bund, before US trade delegation meet their Chinese counterparts for talks in Shanghai, China, July 30, 2019. (Reuters)

China Says 'Resolutely Opposes' US-Taiwan Trade Deal

China said Friday it "resolutely opposes" a deal signed by Washington and Taipei to reduce tariffs on Taiwanese products and increase the self-ruled island's…

Asharq Al Awsat
Business The International Mining Conference in Riyadh. (Asharq Al-Awsat)

Critical Minerals as Strategic Assets...Saudi Arabia Leads Major Transformation of Global Value Chains

At a time when geopolitical and economic changes are accelerating, and global competition for critical minerals are intensifying, supply chains are undergoing…

Zeinab Ali (Riyadh)
Business The Iranian flag and 3D printed oil barrels miniature are seen in this illustration taken June 23, 2025. (Reuters)

Oil Drops as Trump Calms Iran Fears; Tech Stocks Slide in Asia

Oil prices retreated from multi-month highs on Thursday and gold eased from a record peak after US President Donald Trump calmed market anxiety over potential…

Asharq Al Awsat
Business Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef delivers the opening address at the Future Minerals Forum in Riyadh (Asharq Al-Awsat)

Saudi Arabia Expands Int’l Partnerships with Three Countries to Develop Metals Industry

Saudi Arabia has expanded its network of international partnerships after the Ministry of Industry and Mineral Resources signed three memorandums of…

Asharq Al Awsat (Riyadh)

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Business A Palestinian employee inspects sweet locally known as "al-Shatwi" (Winter) Crimbo sweets, as the Al-Arees factory gradually resumes operations after a hiatus caused by the Gaza war which led to shortages of raw materials used in their products, in Deir al-Balah, in the central Gaza Strip on January 12, 2026, following a US-brokered truce that halted the two-year war. (AFP)

Global Unemployment ‘Stable’ in 2026, but Decent Jobs Lacking

The global unemployment rate is expected to hold steady in 2026, the United Nations said Wednesday, but cautioned the labor market's seeming stability belies a…

Business Women dressed in traditional Chinese-style attire cross a street in Beijing, China, Tuesday, Jan. 13, 2026. (AP)

China Had a Record $1.2 Trillion Trade Surplus in 2025, as Exports Rose 6.6% in December

China’s trade surplus surged to a record of almost $1.2 trillion in 2025, the government said Wednesday, as exports to other countries made up for slowing…

Business The MoUs were signed on the sidelines of the Ministerial Roundtable of ministers concerned with mining affairs, held as part of the fifth annual Future Minerals Forum (FMF) in Riyadh. (SPA)

Saudi Arabia Signs Mineral Cooperation Deals with Chile, Canada, Brazil

Saudi Arabia, represented by the Ministry of Industry and Mineral Resources, signed on Tuesday three international memoranda of understanding (MoUs) on mineral…

Business The Iranian flag and 3D printed oil barrels miniature are seen in this illustration taken June 23, 2025. (Reuters)

Iran's Partners in Crisis after Trump Announces New Tariffs

US President Donald Trump on Monday said any country that does business with Iran will face a tariff rate of 25% on any trade with the US as Washington weighs…

Asharq Al Awsat (London)
Business Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef speaks at a press conference in response to a question from Asharq Al-Awsat. (Asharq Al-Awsat)

Alkhorayef to Asharq Al-Awsat: Saudi Efforts Drive Mining Investment

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said on Tuesday the Kingdom is intensifying its efforts, through the Future Minerals Forum…

Asharq Al Awsat (Riyadh)
Business Representatives from 100 governments and 70 international organizations gathered on Tuesday to develop a roadmap for securing the flow of critical minerals the world needs to achieve its digital and green transitions. (Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef on X)

Saudi Arabia Urges Collective Action to Boost Mineral Supplies, Future Jobs

Under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz, Riyadh has emerged as the “global capital of mining” by hosting the fifth…

Asharq Al Awsat (Riyadh)
Business This photograph shows a sign of the World Economic Forum (WEF) at the Congress center, during the WEF annual meeting in Davos on January 20, 2025. (AFP)

Trump Set to Lead Largest-Ever US Delegation to World Economic Forum in Davos Next Week

US President Donald Trump will return to the World Economic Forum's annual meeting of business, political and cultural elites in Davos, Switzerland next week,…

Business A woman places coins inside a red wallet in Germany. (dpa)

World Bank: Global Economy Shows Resilience Amid Historic Trade, Policy Uncertainty

The global economy is proving more resilient than anticipated despite persistent trade tensions and policy uncertainty, according to the World Bank’s latest…

Asharq Al Awsat (Washington)
Business The Saudi and Chinese delegations meet in Riyadh on Tuesday. (SPA)

Saudi Industry Minister Discusses Automotive Manufacturing Cooperation with China's BYD

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held talks in Riyadh on Tuesday with Chinese company BYD Founder and Chairman Wang Chuanfu…

Business People attend the fourth edition of the International Mining Conference in Riyadh. (SPA)

International Mining Conference Opens in Riyadh on Tuesday 

Under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the fifth edition of the International Mining Conference will open…

Asharq Al Awsat (Riyadh)
Business The Mahd Ad Dhahab mine operated by Maaden (SPA). 

Saudi Arabia’s Maaden Adds 7.8 Million Ounces of Gold to Its Resources

The Saudi Arabian Mining Company (Maaden) has recorded a major milestone in its drive toward global leadership, announcing the addition of 7.8 million ounces…

Asharq Al Awsat (Riyadh)
Business The project, called Trump Plaza Jeddah, will include executive and premium residences, home offices, retail outlets and curated dining offerings. (Asharq Al-Awsat) 

Dar Global and Trump Organization Launch $1 Billion Project in Jeddah

Dar Global and the Trump Organization announced on Monday the official launch of Trump Plaza Jeddah, valued at over $1 billion. Dar Global, a London-listed…

Asharq Al Awsat (Jeddah)