Business

Deal to Export Oil from Kurdish Region to Continue with No Issues, Kurdish Rudaw Reports

Business A staff at an oilfield holds the flag of Kurdistan. (X)

Deal to Export Oil from Kurdish Region to Continue with No Issues, Kurdish Rudaw Reports

Kurdistan broadcaster Rudaw quoted the ​vice president of Iraq's state oil company SOMO as saying ‌on Saturday that ‌the ‌oil ⁠export ​deal …

Asharq Al Awsat
Business FILE PHOTO: Elon Musk attends the Breakthrough Prize awards in Los Angeles, California, U.S., April 13, 2024. REUTERS/Mario Anzuoni/File Photo

Musk Wins Appeal that Restores 2018 Tesla Pay Deal Now Worth about $139 Billion

Elon Musk's 2018 pay package from Tesla, once worth $56 billion, was restored by the Delaware ​Supreme Court on Friday, nearly two years after a lower court…

Asharq Al Awsat
Business Containers are seen on the Maersk Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, next to cranes at the APM Terminals in the port of Algeciras, Spain, January 20, 2023. REUTERS/Jon Nazca/File Photo P

Maersk Tests Red Sea Route as Gaza Ceasefire Offers Hope

Danish shipping company Maersk said that one of its vessels had successfully navigated the Red Sea and Bab el-Mandeb Strait for the first time in nearly two…

Asharq Al Awsat
Business The logo of Boeing is seen at the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2025. REUTERS/Benoit Tessier/Pool

Boeing Seeks FAA Emissions Waiver to Sell 35 Additional 777F Freighters

Boeing on Friday asked the Federal Aviation Administration for a waiver of airplane emissions rules to allow ​it to sell another 35 Boeing 777F freighters,…

Asharq Al Awsat
Business TOKYO, JAPAN - DECEMBER 20: Japan's Prime Minister Sanae Takaichi, Kazakhstan's President Kassym-Jomart Tokayev, Tajikistan's President Emomali Rahmon, Turkmenistan's President Serdar Berdimuhamedov,  Kyrgyzstan's President Sadyr Zhaparov, and Uzbekistan’s President Shavkat Mirziyoyev attend the leaders-level "Central Asia plus Japan" Dialogue (CA+JAD) summit, in Tokyo, Japan, on December 20, 2025.     David MAREUIL/Pool via REUTERS

Japan Sets $19 Billion Business Target in Central Asia

Japan unveiled a five-year goal on Saturday for business projects totalling $19 billion in Central Asia as Tokyo vies for influence in the resource-rich region…

Asharq Al Awsat

Business A view of traffic circulating amid dense fog in Islamabad, Pakistan, 18 December 2025. EPA/SOHAIL SHAHZAD

World Bank Approves $700 Million for Pakistan's Economic Stability

The World Bank said on Friday that it has approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country's…

Asharq Al Awsat
Business A view of an oil pump jack on the prairies near Claresholm, Alberta, Canada January 18, 2025. REUTERS/Todd Korol

Oil Set for Second Straight Weekly Decline on Supply Outlook

Oil prices rose on Friday but were poised for a second straight weekly decline as a potential supply glut and prospects of a Russia-Ukraine peace deal limited…

Asharq Al Awsat
Business Ships move through the Suez Canal, in Ismalia, Egypt, July 31, 2025. REUTERS/Mohamed Abd El Ghany/File Photo

What are Shipping Companies' Plans for Return to Suez Canal?

Major shipping companies are devising strategies for a potential return to the Suez Canal after two years of disruptions due to security risks in ​the Red Sea…

Asharq Al Awsat
Business The Saudi capital, Riyadh (Asharq Al-Awsat) 

Real Estate Balance Platform Regulates Market, Signals Positive Momentum in Riyadh Trading

Following the Royal Commission for Riyadh City’ s announcement of the results of the electronic draw for purchasing residential land through the Real Estate…

Bandar al-Mosalam (Riyadh)
Business Riot police intervenes during farmers' protest in Brussels, Belgium, 18 December 2025. EPA/OLIVIER MATTHYS

EU-Mercosur Trade Deal Signing Delayed as Italy Demands More Time

German Chancellor Friedrich Merz and EU executive chief Ursula von der Leyen expressed confidence on Friday that the European Union would be able to sign a…

Asharq Al Awsat
Business FILE – In this July 21, 2020 file photo, a man opens social media app ‘TikTok’ on his cell phone, in Islamabad, Pakistan. (AP Photo/Anjum Naveed, File) 

TikTok Signs Deal to Sell US Entity to American Investors

TikTok's Chinese owner ByteDance signed binding agreements to form a joint venture that will hand control of operations of TikTok's US app to American and…

Asharq Al Awsat (Washington)
Business Canada's Prime Minister Mark Carney takes part in a press conference on Parliament Hill in Ottawa, Ontario, Canada December 18, 2025. REUTERS/Blair Gable

Canada, US to Launch Formal Talks to Review Free Trade Agreement in Mid-January

Canada and the US will launch formal discussions to review their free trade agreement in mid-January, the office of Canadian Prime Minister Mark Carney said. …

Asharq Al Awsat
Business ADNOC secures landmark structured financing of up to $11 billion for Hail & Ghasha gas development

ADNOC Lands $11 Billion Financing for Future Gas Output in Abu Dhabi

Abu Dhabi National Oil Company (ADNOC), along with its partners Eni and PTT Exploration and Production (PTTEP), has signed a structured financing agreement of…

Asharq Al Awsat (Abu Dhabi)
Business The Saudi flag. Asharq Al-Awsat

Saudi Arabia Ranks 2nd Globally in World Bank’s GovTech Maturity Index 2025

Saudi Arabia has achieved an unprecedented milestone, ranking second worldwide in the 2025 GovTech Maturity Index (GTMI) released by the World Bank, covering…

Asharq Al Awsat (Washington)
Business The Euro currency symbol is seen prior to a press conference after an ECB's governing council meeting in Frankfurt, Germany, Thursday, Dec. 18, 2025. (AP Photo/Michael Probst)

European Central Bank Leaves Rates Unchanged with Economy Showing Signs of Modest Growth

The European Central Bank left interest rates unchanged Thursday for the fourth meeting in a row as the economy in the 20 countries that use the euro…

Asharq Al Awsat
Business Saudi Arabia Achieves 2nd Position Globally in ITU’s Digital Regulatory Maturity Index 2025

Saudi Arabia Achieves 2nd Position Globally in ITU’s Digital Regulatory Maturity Index 2025

The International Telecommunication Union (ITU) announced that Saudi Arabia has ranked second globally in the Digital Regulatory Maturity Index 2025, placing…

Asharq Al Awsat
Business A man passes the Saudi Telecom STC office in Riyadh, Saudi Arabia, February 6, 2018. (Reuters)

Saudi Arabia's STC in Joint Venture with Humain to Advance Data Center Buildout

Saudi Arabia's largest telecoms operator STC on Thursday announced a joint venture with the kingdom's artificial intelligence company Humain to develop and…

Asharq Al Awsat

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Business FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown, File)

Oil Prices Edge Up After Reports of Possible US Sanctions on Russia, Venezuela Blockade

Oil prices rose slightly on Thursday as investors assessed the likelihood of further US sanctions against Russia and the supply risks posed by a blockade of…

Asharq Al Awsat
Business European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium July 16, 2025. REUTERS/Yves Herman/File Photo

European Gas Prices Lift on Colder Weather Demand

Dutch and British gas prices posted small gains on Thursday morning but are largely expected to trade sideways with rising demand from colder weather easily…

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

Gold Steady Ahead of Key US Inflation Data; Silver Near Record Highs

Gold prices were broadly steady on Thursday, supported by dovish Federal Reserve signals but restrained by a resilient dollar ahead of key US inflation data…

Asharq Al Awsat
Business Agreement with HUMAIN to adopt advanced technology, localize AI solutions. (SPA)

Saudi Interior Ministry Signs Agreement with HUMAIN to Advance AI Localization

Assistant Minister of Interior for Technology Affairs Prince Dr. Bandar bin Abdullah bin Mishari affirmed that the strategic agreement signed by the Ministry…

Asharq Al Awsat
Business Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chairs a cabinet meeting. (SPA)

Saudi Cabinet Approves Cancellation of Expat Levy on Foreign Workers in Licensed Industrial Establishments

The Saudi Cabinet, chaired by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, approved on Wednesday the cancellation of the…

Business Rosneft and Lukoil, Russia's top oil producers, were sanctioned by Britain and the United States in October over their role in financing Moscow's invasion of Ukraine (File Photo via AFP)

UK Exempts Egypt's Zohr Gas Field from Russia Sanctions

Britain on Wednesday added Egypt's Zohr gas field, in which Russian oil major Rosneft holds a 30% stake and London-based BP has a 10% holding, to a list of…

Asharq Al Awsat
Business Italy's Prime Minister Giorgia Meloni speaks at the the lower house of Parliament, ahead of a European Union leaders' summit, in Rome, Italy, December 17, 2025. REUTERS/Remo Casilli

Italy, France Say it's 'Premature' to Sign EU-Mercosur Trade Deal

Italy and France on Wednesday said they were not ready to back a trade agreement between the European Union and the South American trade bloc Mercosur, dealing…

Asharq Al Awsat
Business The report provides a comprehensive, data-driven analysis of the Kingdom’s transformation. (SPA)

Quality of Life Program Center Unveils Historic Progress in Saudi Urban Living 

The Quality of Life Program Center released on Wednesday its latest report, "Cities of Possibility: The Evolution of Quality of Life in Saudi Arabia," drawing…

Business FILE PHOTO: The logo of French oil and gas company TotalEnergies is pictured at a petrol station in Treillieres, near Nantes, France, June 8, 2021. REUTERS/Stephane Mahe/File Photo

TotalEnergies Sells 50% of Greek Renewables Portfolio for 254 Million Euros

French oil major TotalEnergies has agreed to sell 50% of a 424-megawatt portfolio of wind and solar assets in Greece to Spanish investment firm Asterion…

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

Silver Tops $65 for 1st Time, Gold Firms as US Unemployment Rate Climbs

Silver jumped past the $65-per-ounce mark for the first time on Wednesday, while gold climbed higher after US jobs data showed a softening labor market,…

Asharq Al Awsat
Business The Saudi Minister of Tourism, along with the President of Aramco, tours the King Abdulaziz Center for World Culture in the Eastern Province. Asharq Al-Awsat

Tourism Projects Worth $9 Billion Being Implemented in Saudi Arabia’s Eastern Province

The Eastern Province is expected to witness the implementation of more than 650 tourism projects valued at over SAR12.7 billion (approximately $3.39 billion). …

Asharq Al Awsat (Khobar)
Business Officials are seen during one of the visits to a Saudi company. (Saudi Exports Development Authority on X)

Saudi Exports Development Authority Organizes Trade Mission to Syria, Iraq 

The Saudi Exports Development Authority (SAUDI EXPORTS) organized a trade mission for Iraq and Syria in conjunction with the Made in Saudi Expo 2025 in Riyadh,…