Business

Saudi Arabia Offers 100% Social Insurance Debt Waiver to Businesses That Have Exited Market

Business Officials from the General Organization for Social Insurance at an earlier meeting with businessmen and businesswomen at the Riyadh Chamber (SPA)

Saudi Arabia Offers 100% Social Insurance Debt Waiver to Businesses That Have Exited Market

Saudi Arabia's General Organization for Social Insurance (GOSI) has made businesses that have ceased operations and exited the Saudi market eligible for a 100%…

Bandar al-Mosalam (Riyadh)
Business A general view shows Ras Tanura's oil production plant near Dammam in Saudi Arabia's Eastern Province (AFP)

From Aramco's Profits to State Budget Revenue: How Do Oil Proceeds Reach Government Coffers?

Saudi Aramco's financial results and Saudi Arabia's third-quarter budget performance report, released on the same day, revealed a divergence between the…

Hala Saghbini (Riyadh)
Business Representation of cryptocurrencies are seen in this illustration taken September 10, 2025. (Reuters)

Crypto Dips on Democrat Midterm Wins, Binance Hack Dents Optimism

Cryptocurrencies briefly dipped on Wednesday as Democrats won majorities in both the Senate and House in the US midterm elections, a potential blow to an…

Business A view of Riyadh, Saudi Arabia. (Getty Images file)

Saudi Non-Oil Sector Expands for Seventh Straight Month

Saudi Arabia’s non-oil private sector continued to expand in October, with business activity and output growth accelerating despite a decline in the Riyad Bank…

Asharq Al Awsat (Riyadh)
Business  A general view of Riyadh city during the early hour of evening at Riyadh, Saudi Arabia, May 28, 2025. (Reuters)

Growth in Non-Oil Revenue Bolsters Saudi Budget Resilience

Saudi Arabia’s non-oil revenue surpassed oil revenue in the third quarter of 2026 for the first time since 2020, highlighting progress in diversifying…

Bandar al-Mosalam (Riyadh)

Business Visitors stop at the Aramco exhibition section at the Misk Global Forum on innovation and technology held in the Saudi capital Riyadh on November 13, 2019. (AFP)

Aramco's Resilience Pays Off as Profit Rises to $31.2 Bn, East-West Pipeline Expansion Advances

Saudi Aramco turned a turbulent third quarter into stronger earnings, defying war-related disruptions to energy markets, production facilities and export…

Abeer Hommadi (Riyadh)
Business UK gold bullion bars are stacked at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. (Reuters)

Gold Jumps Over 2% on Softer Dollar After Democratic Midterm Wins

Gold prices rose 2% on Wednesday, supported by a weaker US dollar after Democrats secured key victories in midterm elections, while investors looked ahead to…

Business An oil and gas well stands in a corn field before the November midterm elections in the Tuscarawas County village of Bolivar, Ohio, US, October 25, 2026. (Reuters)

Oil Rises on Iran War Uncertainty After Trump’s Republicans Face Election Rout

Oil prices rose on Wednesday in a volatile session as investors awaited Washington's next move in the war with Iran, with Democrats capturing control of US…

Business Aramco CEO Amin Nasser speaks at a press conference. (Reuters)

Aramco Begins East-West Pipeline Expansion to Boost Oil Export Flexibility

Saudi Aramco President and CEO Amin H. Nasser said on Tuesday that preliminary engineering had already started on a planned expansion of the kingdom's vital…

Asharq Al Awsat (Riyadh)
Business  A fountain near the US Capitol glows blue before sunrise on the day of the US midterm elections in Washington, DC, US, November 3, 2026. (Reuters)

Investors Ready for Possible Shake-up in Congress as Election Day Arrives

Investors are weighing the market ‌implications of a possible shift in control of US Congress in Tuesday's midterm elections, focused on whether a strong…

Business 07 July 2025, Rehden: Technical facilities for the injection and withdrawal of natural gas, including several process water tanks, are located on the grounds of the Rehden natural gas storage facility operated by SEFE Storage GmbH. (dpa)

Europe Entering Winter with Lowest Gas Reserves Since 2013, Says IEA

Europe is entering winter with its lowest level of natural gas reserves since 2013, which could extend pressure on the international market into 2027, the…

Business People shop at Eminonu district in Istanbul, Türkiye, November 4, 2022. (Reuters)

Turkish Inflation Rises to 2.58% in October, Driven by Clothing and Food Prices

Turkish consumer price inflation climbed to 2.58% month-on-month in October, above expectations and driven by clothing and food price rises, while the annual…

Business 05 November 2024, Bavaria, Herzogenaurach: A view of the headquarters of automotive and industrial supplier Schaeffler in Franconia. (dpa)

German Auto Crisis Deepens as Supplier Announces Job Cuts, Site Closures

German auto parts supplier Schaeffler said Tuesday that it planned to cut almost 3,500 jobs and close five sites in Europe as the crisis gripping the region's…

Business Oil rigs operating in the Atyrau region's Irankol field in Kazakhstan (Reuters)

Oil Rises as Peace Prospects Dim after US Hits Iran's Qeshm Island

Oil prices rose more than $1 on Tuesday, as an Iranian official said a deal to the end the war was far off, while the United States struck Iran's Qeshm Island,…

Asharq Al Awsat
Business A view of Riyadh, Saudi Arabia. (SPA)

Strength of Saudi Arabia's External Position Supports Economy Despite Challenges of War

The Saudi economy continues to benefit from the strength of its external position, supported by significant reserves and revenues from its oil and non-oil…

Hala Saghbini (Riyadh)
Business The Saudi Aramco logo is seen at an oil facility in Abqaiq, Saudi Arabia, October 12, 2019. (Reuters)

Saudi Aramco Profits Surge 34.6% in Third Quarter

Saudi Aramco announced on Tuesday that its adjusted net income for the third quarter of 2026 rose by 9 percent year-on-year to reach SAR 117 billion ($31.2…

Business A scene from Gateway Gulf 2026, which concluded on Monday in the Bahraini capital, Manama (BNA)

Bahrain Announces Investments and Partnerships in Industry, Technology, Tourism and Aviation

Gateway Gulf 2026 saw the announcement of a series of investments, agreements and expansion projects across industry, technology, aviation, financial…

Asharq Al Awsat (Manama )

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Business The Capital Market Authority building in Riyadh, Saudi Arabia (Asharq Al-Awsat)

Saudi Arabia Tightens IPO Rules, Requires Underwriters to Purchase All Offered Shares

Saudi Arabia's Capital Market Authority (CMA) has approved new regulatory provisions aimed at improving initial public offering (IPO) practices, tightening…

Asharq Al Awsat (Riyadh)
Business Pipelines in the Saudi desert. (Aramco)

Aramco Confronts Repercussions of War with Emergency System as Markets Await Its Results

As markets anticipate Saudi Aramco's announcement of its financial results for the third quarter of 2026 on Tuesday, the repercussions of the US–Israel war on…

Abeer Hommadi (Riyadh)
Business An investor walks past the "Tadawul" logo in the Saudi market (Reuters)

Saudi Market Rises 0.35% to 9,873 Points in Early Trading

Saudi Arabia’s benchmark stock index, the Tadawul All Share Index (TASI), rose 0.35% to 9,873 points in early trading on Monday, gaining 34.87 points from its…

Asharq Al Awsat
Business A salesman presents gold bars at a jewelry shop inside the Gold Market at the Old Souk in Dubai (EPA)

Gold Rises on Softer Oil; Markets Parse Fed Signals

Gold prices bounced on Monday, after a selloff in the previous session, as weaker oil prices tempered inflation concerns, while investors assessed comments…

Asharq Al Awsat
Business President Donald Trump greets Canada's Prime Minister Mark Carney during a summit to support ending the more than two-year Israel-Hamas war in Gaza after a breakthrough ceasefire deal, Oct. 13, 2025, in Sharm El Sheikh, Egypt. (AP)

Trump Floats ‘Concept’ of US-Canada Deal That Includes Pipeline Talking to Carney

US President Donald Trump said on Sunday that his administration has the "concept" of a new trade deal with Canada while Prime Minister Mark Carney said the…

Business TOPSHOT - Artisanal miners pass bags of copper ore to one another in a human chain inside the 110-meter-deep mine shaft in Kolwezi on September 27, 2026. (Photo by MARIE RUWET / AFP)

London Copper Climbs as Tight Supply, Falling Oil Offer Support

London copper recouped some of the previous week's losses on Monday, supported by supply concerns and lower oil prices, as talks to end the US-Israeli war on…

Asharq Al Awsat
Business  People walk past displayed items in a clothes shop at Eminonu commercial area, in Istanbul, Türkiye, Thursday, March 26, 2026. (AP)

Turkish Manufacturing Contracts in October at Fastest Pace Since June, PMI Shows

Türkiye's manufacturing sector ‌contracted in October at the fastest pace since June as sharper declines in output and new orders weighed on activity, a…

Business The Sumou pavilion at the Real Estate Future Forum in Riyadh. (Sumou)

Sumou Real Estate and Saudi Downtown to Develop Residential Project in Al Khobar

Sumou Real Estate Company announced the signing of an agreement with Saudi Downtown Company, wholly owned by the Saudi Public Investment Fund, to develop,…

Asharq Al Awsat (Riyadh)
Business A flare burns off methane and other hydrocarbons as oil pumpjacks operate in the Permian Basin in Midland, Texas, on Oct. 12, 2021. (AP)

Oil Prices Ease 3% on Optimism for Qatari-Led Talks on Ending Iran War

Oil prices slipped more than 3% on Monday after Iranian and Qatari officials held a third straight day of talks aimed at pushing for a deal to end the US…

Business Oil fields operated by Saudi Aramco (Aramco)

Saudi Economy Relies on Non-Oil Growth Engines to Absorb External Shocks

Saudi Arabia's economic indicators show a growing ability to withstand external shocks, supported by an expanding non-oil sector that has continued to grow…

Bandar al-Mosalam (Riyadh)
Business A consumer goods store in Saudi Arabia (SPA)

Saudi Arabia Records 6,484 Franchise Registrations, Up 53%

Commercial franchise registrations in Saudi Arabia grew by 53% during the first nine months of 2026, reaching 6,484, compared with 4,227 at the end of 2025,…

Asharq Al Awsat (Riyadh)
Business A man walks past the Tadawul logo at the Saudi stock exchange (AFP)

Saudi Stock Market Falls 0.8% for Second Consecutive Session

Saudi Arabia's benchmark Tadawul All Share Index (TASI) closed Sunday's session down 0.8% at 9,838 points, shedding 83 points amid total trading turnover of…

Asharq Al Awsat (Riyadh)