Business

Economists Warn of Global Trade Risks from Israel-Iran Conflict

Business Rescue workers at site hit by Israeli airstrikes in Tehran (Reuters)

Economists Warn of Global Trade Risks from Israel-Iran Conflict

Economic experts have warned that a protracted conflict between Israel and Iran could have far-reaching repercussions on the global economy, driving up energy…

Fatehelrahman Yousif (Riyadh)
Business Flight information display screen shows updates about cancelled flights, due to schedule disruptions stemming from the Iran-Israel conflict, at the Beirut-Rafik Hariri International Airport, Lebanon June 16, 2025. (Reuters)

Israel-Iran Conflict Disrupts Air Travel in the Region

The escalating military conflict between Israel and Iran is creating mounting challenges for Middle Eastern airlines, including airspace closures and rerouted…

Saeed al-Abyad (Jeddah)
Business A pressure meter is pictured at the gas storage facility of Hungarian state-owned energy group MVM in Zsana, November 3, 2014. (Reuters)

Europe Gas Prices Rise Amid Fear of Wider Middle East Conflict  

European natural gas prices continued to rise in early trade on Monday due to rising concerns about a potential expansion of the Israeli-Iranian conflict and…

Asharq Al Awsat (Brussels)
Business FILE PHOTO: People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. REUTERS/Maxim Shemeto/File Photo

OPEC Expects Solid Second-Half of 2025 for World Economy

OPEC said on Monday it expected the global economy to remain resilient in the second half of this year and trimmed its forecast for growth in oil supply from…

Asharq Al Awsat (Vienna)
Business FILE PHOTO: A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. REUTERS/Pavel Mikheyev//File Photo

Oil Prices Jump after Trump's Warning, Stocks Extend Gains

Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each…

Asharq Al Awsat

Business GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector. (SPA)

Saudi Arabia’s GAMI Participates in Paris Airshow 2025 to Boost Global Partnerships

Saudi Arabia’s General Authority for Military Industries (GAMI) launched on Monday its participation at the International Paris Airshow 2025, held at Paris-Le…

Business Aerial photo of the Saudi capital Riyadh (SPA) 

Saudi Inflation Holds Steady in May as Rents Remain Key Driver

Saudi Arabia’s annual inflation rate remained stable at 2.2 percent in May 2025, maintaining a pace close to the 2.3 percent recorded in April. The continued…

Ayat Nur (Riyadh)
Business FILE - An advertisement for the cryptocurrency, Bitcoin, is displayed on a building in Hong Kong on Nov. 18, 2021. (AP Photo/Kin Cheung, File)

What are Bitcoin Treasury Strategies, the Latest Trend in the Public Markets?

Certain public companies, including one founded by President Donald Trump, have been going on a cryptocurrency buying spree, capitalizing on higher token…

Asharq Al Awsat
Business Inside the factory of Saudi Cement company (company's website)

Saudi Cement Sales Top $800 Million in Q1 Despite Profit Dip

Saudi Arabia’s cement sector delivered strong top-line growth in the first quarter of 2025, with total sales surpassing $800 million (SAR3 billion), reflecting…

Mohammed al-Mutairi (Riyadh)
Business A participant shows gold bars during the 21st edition of the international gold and jewelry exhibition at the Kuwait International Fairgrounds in Kuwait City on May 23, 2024. (Photo by Yasser AL ZAYYAT / AFP)

Gold Falls as Investors' Focus Turns to G7 Meeting, Fed Decision

Gold fell on Monday as investors weighed the impact of the ongoing Israel-Iran conflict, while also focusing on the Group of Seven leaders meeting and the…

Asharq Al Awsat
Business A trader at the Egyptian stock exchange in Cairo (Reuters)

Israeli-Iranian Escalation Rattles Arab Markets, Egypt Hit Hardest

The escalating conflict between Israel and Iran cast a heavy shadow over Arab financial markets on Sunday, triggering sharp selloffs, particularly in the Gulf…

Asharq Al Awsat (Riyadh)
Business A fire blazes in the oil depots of Shahran, northwest of Tehran, on June 15, 2025. Israel and Iran exchanged fire on June 14, a day after Israel unleashed an unprecedented aerial bombing campaign that Iran said hit its nuclear facilities, "martyred" top commanders and killed dozens of civilians. (Photo by ATTA KENARE / AFP)

Oil Prices Rise Further as Israel-Iran Extends into Fourth Day

Oil prices extended gains Monday as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks, stoking fears of a…

Asharq Al Awsat
Business  Canada's Prime Minister Mark Carney attends a bilateral meeting with Britain's Prime Minister Keir Starmer (not pictured), before the start of the G7 summit, at Parliament Hill in Ottawa, Ontario Canada, June 15, 2025. (Reuters)

G7 Leaders Meet in Canada Hoping to Avoid Trump Clash

Group of Seven leaders gather in the Canadian Rockies starting on Sunday amid growing splits with the United States over foreign policy and trade, with host…

Business US President Donald Trump welcomes Japanese Prime Minister Shigeru Ishiba at the White House in Washington, US, February 7, 2025. (Reuters)

Japan’s Ishiba Heads to G7 to Press Trump to Drop Auto Tariffs

Japanese Prime Minister Shigeru Ishiba heads to Canada on Sunday for trade talks with US President Donald Trump, hoping to persuade him to drop trade tariffs…

Business An eagle tops the US Federal Reserve building's facade in Washington, July 31, 2013. (Reuters)

US Fed Set to Hold Rates Steady in the Face of Trump Pressure

The US central bank is expected to keep interest rates unchanged for a fourth straight policy meeting this week, despite President Donald Trump's push for rate…

Business The MoU was signed on the sidelines of the TXF Global 2025 conference held in Copenhagen from June 10 to 12 - SPA

Saudi EXIM Bank Signs MoU with Credit Oman to Boost Bilateral Exports

CEO of Saudi EXIM Bank, Eng. Saad bin Abdulaziz AlKhalb and CEO of Credit Oman, Khalil bin Ahmed Al Harthy signed a memorandum of understanding (MoU) to…

Asharq Al Awsat
Business FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, June 5, 2025. REUTERS/Heiko Becker/File Photo

ECB's Lagarde Says 2% Inflation Target in Reach

The European Central Bank's inflation target of 2% is in reach, ECB President Christine Lagarde was quoted as saying in an interview published on Saturday. …

Asharq Al Awsat

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Business Abadan oil refinery facility in southwestern Iran (Reuters)

Iran’s Energy Sector: A Long History of Sanctions and Instability

Israel launched airstrikes on Iran Friday, targeting nuclear facilities, ballistic missile factories, and senior military commanders. The operation, which…

Asharq Al Awsat (London)
Business A military aircraft flies in the sky following a barrage of missiles launched from Iran, as seen over Tubas, in the Israeli-occupied West Bank, June 14, 2025. REUTERS/Raneen Sawafta

Ships Warned to Avoid Red Sea, Log Hormuz Voyages after Israel Hits Iran

Merchant shipping is continuing to pass through the Strait of Hormuz despite Israel's attacks on Iran on Friday, the multinational, US-led Combined Maritime…

Asharq Al Awsat
Business FILE PHOTO: London-based Energean's drill ship begins drilling at the Karish natural gas field offshore Israel in the east Mediterranean May 9, 2022. REUTERS/Ari Rabinovitch/File Photo

UK's Energean Suspends Production Offshore Northern Israel

British gas producer Energean said on Friday it has temporarily suspended the production and activities of its power floating production storage and offloading…

Asharq Al Awsat
Business Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia speaks to the media during a press conference at the presidential palace in Jakarta, Indonesia, Tuesday, June 10, 2025. (AP) 

Indonesia, Singapore Sign Deals on Power Trade, Carbon Capture 

Indonesia and Singapore signed initial deals on Friday to develop cross-border trade in low carbon electricity and collaborate on carbon capture and storage,…

Business FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo

Gold Hits Nearly Two-month High as Middle East Tensions Spur Safe-haven Demand

Gold prices climbed on Friday to their highest levels in nearly two months, and were on track for a weekly gain, after Israeli military strikes on Iran drove…

Asharq Al Awsat
Business Arrangement of various world currencies including Chinese Yuan, Japanese Yen, US Dollar, Euro, British Pound, Swiss Franc and Russian Rouble pictured in Warsaw, January 26, 2011. REUTERS/Kacper Pempel

Japan's Nikkei Falls, Australia and New Zealand Dollars Tumble amid Israel's Strike on Iran

The Australian and New Zealand dollars tumbled on Friday as Israel's strike on Iran hammered global stocks and drove investors into safe-haven assets, with…

Asharq Al Awsat
Business An oil pump is seen in Lagunillas, Ciudad Ojeda, in the state of Zulia, Venezuela, March 18, 2015. REUTERS/Isaac Urrutia/File Photo

Oil Prices Jump More than 5% after Israel Strikes Iran

Oil prices jumped more than 5% on Friday to hit the highest in more than two months after Israel said it struck Iran, raising concerns of escalating tensions…

Asharq Al Awsat
Business US dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration/File Photo

Dollar and Other Safe Havens Rise as Israel Strikes Iran

The US dollar rallied alongside the safe-haven Japanese yen and Swiss franc, with currency markets abruptly reversing direction on news Israel had launched…

Asharq Al Awsat
Business A tail of an Air India Boeing 787 Dreamliner plane that crashed is seen stuck on a building after the incident in Ahmedabad, India, June 12, 2025. REUTERS/Amit Dave

Boeing Shares Drop after Air India Crash

The crash of an Air India 787-8 Dreamliner jet minutes after taking off on Thursday poses another challenge for Boeing, whose new CEO has been trying to…

Asharq Al Awsat
Business New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021. REUTERS/Nir Elias/Illustration/File Photo

Israeli Assets Slide as Regional Tensions Escalate

The cost of insuring Israel's debt against default rose on Thursday, and its bond prices and stock indexes slid, as regional security concerns spiked and the…

Asharq Al Awsat
Business A pump jack operates near a gas turbine power plant in the Permian Basin oil field outside of Odessa, Texas, US February 18, 2025. REUTERS/Eli Hartman/File Photo

Oil Slips from Recent Highs as Market Assesses Middle East Tension

Oil prices fell on Thursday after sharp gains in the previous session as market participants assessed a US decision to move personnel from the Middle East…

Asharq Al Awsat
Business Mawani Boosts Saudi Ports with New MSC Himalaya Express Service

Mawani Boosts Saudi Ports with New MSC Himalaya Express Service

The Saudi Ports Authority (Mawani) has announced the addition of MSC's Himalaya Express shipping service to King Abdulaziz Port in Dammam and Jubail Commercial…

Asharq Al Awsat