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Saudi Ministry of Industry Launches Women in Mining Non-Profit Association

Business Saudi Ministry of Industry Launches Women in Mining Non-Profit Association

Saudi Ministry of Industry Launches Women in Mining Non-Profit Association

The Saudi Ministry of Industry and Mineral Resources announced on Tuesday the launch of the Women in Mining Association, a newly established non-profit…

Business Saudi Arabia ready for different oil price scenarios, says Saudi Economy Minister - File Photo

Saudi Arabia Ready for Multiple Oil Price Scenarios, Economy Minister Says

Saudi Arabia is always ready for multiple oil price scenarios, and budgets are driven by priorities, the kingdom's economy minister said on Tuesday. "We're…

Asharq Al Awsat
Business IS President Donald Trump talks with Qatar's Emir Tamim bin Hamad Al Thani, before being seen off to Air Force One at Al Udeid Air Base, en-route to Abu Dhabi, United Arab Emirates, in Doha, Qatar, May 15, 2025. REUTERS/Brian Snyder/File Photo

Qatar's QIA Plans to at Least Double Annual US Investments over Next Decade

Qatar's sovereign wealth fund (QIA) is planning to at least double its annual US investments in the next decade, its CEO said on Tuesday, after the fund has…

Asharq Al Awsat
Business Oil Steadies as Market Assesses US-Iran Talks, Demand Signals

Oil Steadies as Market Assesses US-Iran Talks, Demand Signals

Oil prices steadied on Tuesday due to uncertainty in US Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious…

Asharq Al Awsat
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 Holds Firm as Investors Await More Details on US Tariff Policy

Gold prices eked out gains on Tuesday, buoyed by a lower dollar, while investors cautiously turned their attention to further developments in Russia-Ukraine…

Asharq Al Awsat

Business US Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/ File Photo

Dollar Slips again on Caution over US Economy

The dollar slipped on Tuesday after declining for a week, weighed down by the Federal Reserve's caution over the economy and as US lawmakers came closer to…

Asharq Al Awsat
Business PIF Governor Yasir Al-Rumayyan delivers his speech at the second edition of the Directors’ Gathering (Asharq Al-Awsat)

Saudi PIF Gathers 1,000 Global Executives for Board Forum

The Public Investment Fund has held the second edition of the Directors’ Gathering, bringing together more than 1,000 top executives from Saudi Arabia and…

Asharq Al Awsat (Riyadh)
Business Employees at Saudi Arabia's SABIC. (Asharq Al-Awsat)

Foreign Investment Creates over 39,000 Jobs Annually in Saudi Arabia

Saudi Arabia is attracting foreign direct investment (FDI) at a pace that is generating more than 39,000 jobs each year as the Kingdom’s investment climate…

Bandar al-Mosalam (Riyadh)
Business Undersecretary of the Ministry of Finance Aseel Al-Munifi and Director of Public Debt at the Finance Ministry Faisal Al-Muzaini speak during a presentation of the new debt law. (KUNA)

Kuwait Plans to Return to Globat Debt Market to Finance Development Projects

Kuwait plans to return to the global debt market this year and is expected to borrow between $10 to $20 billion during the current fiscal year to finance…

Asharq Al Awsat (Kuwait City)
Business A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo

Oil Retreats as US and China Growth Concerns Weigh

Oil slipped on Monday, weighed down by Moody's downgrade of the US sovereign credit rating and official data that showed slowing growth in China's industrial…

Asharq Al Awsat
Business PIF Opens Subsidiary Company Office in Paris to Boost Global Expansion

PIF Opens Subsidiary Company Office in Paris to Boost Global Expansion

The Public Investment Fund (PIF) announced on Monday the opening of a new subsidiary company office in Paris, expanding its global presence and deepening ties…

Asharq Al Awsat
Business Taiwan’s Foreign Minister Dr. Lin Chia-Lung. (Asharq Al-Awsat)

Taiwan FM to Asharq Al-Awsat: We Produce up to 95% of the Most Advanced Chips 

Taiwan’s Foreign Minister Dr. Lin Chia-Lung believes that his country will play a main role in semiconductors supply chains, explaining that the COVID-19…

Fatehelrahman Yousif (Riyadh)
Business King Khalid International Airport in Riyadh (SPA) 

Saudi Airports Handle 128 Million Passengers in 2024, Marking 15% Growth

Saudi Arabia’s aviation sector recorded robust growth in 2024, as airports across the Kingdom welcomed more than 128 million passengers—a 15 percent increase…

Asharq Al Awsat (Riyadh)
Business The reforms are part of a broader national effort to modernize the Kingdom’s legislative infrastructure in line with Vision 2030. (Asharq Al-Awsat)

Saudi Banks Upgrade Systems to Align with New Commercial Registry Regulations

The Saudi Central Bank has instructed all banks and financial institutions in the Kingdom to update their internal technical systems to comply with the newly…

Bandar al-Mosalam (Riyadh)
Business A 12.441 kg gold bar sits amongst one kilogram gold cast bars with 99.99% purity ready for sale at the ABC Refinery in Sydney, Australia, Wednesday, April 30, 2025. (AP Photo/Mark Baker)

Gold Rises as Soft Dollar, Trump's Tariff Threats Spur Safe-haven Demand

Gold prices climbed on Monday as a softer dollar and renewed trade concerns, following US Treasury Secretary Scott Bessent's reaffirmation of President Donald…

Asharq Al Awsat
Business US President Donald Trump and White House AI and Crypto Czar at the White House Crypto Summit in Washington, DC, US, March 7, 2025. (Reuters)

Trump Advisor: AI Partnership with Gulf Is a Masterstroke

White House AI and Crypto Czar David Sacks said President Donald Trump’s signing of an AI Partnership with Middle East countries is a “masterstroke,” and “a…

Asharq Al Awsat (Washington)
Business Officials sign the agreement in Oman on Sunday. (ONA)

Agreements Signed to Develop Green Hydrogen in Oman

Oman’s Hydrom, the Public Authority for Special Economic Zones and Free Zones (OPAZ), and ACME Group signed on Sunday a Project Development Agreement and…

Asharq Al Awsat (Muscat)

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Business US Treasury Secretary Scott Bessent speaks during a news conference in Geneva on May 12, 2025, to give details of "substantial progress" following a two-day closed-door meeting between US and China top officials aimed at ending a devastating tariff war. (AFP)

US Treasury Chief Dismisses Moody’s Downgrade amid Trump Tax Cut Debate

Treasury Secretary Scott Bessent on Sunday dismissed Moody's downgrade of the US sovereign credit rating, as the Republican-controlled Congress tried to push…

Business US Vice President JD Vance, Italy's Prime Minister Giorgia Meloni and European Commission President Ursula von der Leyen meet at the Chigi Palace in Rome, Italy, Sunday, May 18, 2025. (Reuters)

US Vice President Meets EU Commission Chief, Hopes to Move Forward Trade Talks

US Vice President JD Vance met European Commission President Ursula von der Leyen and Italian Prime Minister Giorgia Meloni on Sunday, and said he hoped their…

Business  Motorists commute on a road in the Sanlitun business district in Beijing on May 14, 2025. (AFP)

China Slaps Anti-dumping Duties on Plastics from US, EU, Japan, Taiwan

China on Sunday announced anti-dumping duties as high as 74.9% on imports of POM copolymers, a type of engineering plastic, from the United States, the…

Business FILE PHOTO: Signage is seen outside the Moody's Corporation headquarters in Manhattan, New York, US, November 12, 2021/File Photo

Moody's Downgrade Intensifies Investor Worry about US Fiscal Path

A US sovereign downgrade by Moody's has exacerbated investor worries about a looming debt time-bomb that could spur bond market vigilantes who want to see more…

Asharq Al Awsat
Business US President Donald Trump walks across the South Lawn as he returns to the White House following a trip to the Middle East, in Washington, D.C., US May 16, 2025. REUTERS/Nathan Howard

Trump Pushes US Federal Reserve for Rate Cuts, Criticizes Powell

President Donald Trump on Saturday said in a social media post the US Federal Reserve should cut rates "sooner, rather than later." Trump also criticized…

Business Model of natural gas pipeline and Türkiye flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Türkiye Finds New Natural Gas Reserve in Black Sea

Türkiye has discovered a new reserve of 75 billion cubic metres (bcm) of natural gas during drilling works in the Black Sea, President Tayyip Erdogan said on…

Asharq Al Awsat
Business FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo

EIB at Work on AI, Semiconductor Investment Plan to Boost EU Competitiveness

The European Investment Bank is working on a new project to enhance European capabilities on artificial intelligence and semiconductors, with the aim of…

Asharq Al Awsat
Business KACST and Caltech have signed a new addendum to their existing Joint Center of Excellence in Earth and Space Science agreement

KACST, Caltech Sign Agreement to Strengthen Cooperation in Earth and Space Sciences

King Abdulaziz City for Science and Technology (KACST) and the California Institute of Technology (Caltech) have signed a new addendum to their existing Joint…

Asharq Al Awsat (Riyadh)
Business Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. (Reuters)

Report: Syria Plans to Print Currency in UAE and Germany, Ending Russian Role

Syria plans to print a newly-designed currency in the UAE and Germany instead of Russia, three sources told Reuters, reflecting rapidly improving ties with…

Business FILE PHOTO: A view of the Syrian central bank, after the ouster of Syria's Bashar al-Assad, in Damascus, Syria, January 12, 2025. REUTERS/Firas Makdesi/File Photo

World Bank Says Syria Arrears Cleared, Making Country Eligible for New Loans

The World Bank on Friday said it had cleared Syria's $15.5 million in outstanding debt after receiving payments from Saudi Arabia and Qatar, making the country…

Asharq Al Awsat
Business File photo of ADNOC logo - WAM

ADNOC Says UAE, US to Invest $440 billion in Energy Sector through 2035

The United States and the United Arab Emirates plan to spend a total of $440 billion in the energy sector over the next decade, Sultan al-Jaber, the UAE oil…

Asharq Al Awsat
Business FILE PHOTO: An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar Kazangapov/File Photo

Oil Heads for Weekly Gain but Remains under Supply Hike Pressure

Oil prices edged up on Friday, heading for a second consecutive weekly gain on easing US-China trade tensions, although the optimism was somewhat offset by…

Asharq Al Awsat