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Saudi Infrastructure Fund Announces $1.2 Bln ‘HUMAIN’ Financing in Davos

Business Saudi Infrastructure Fund Announces $1.2 Bln ‘HUMAIN’ Financing in Davos

Saudi Infrastructure Fund Announces $1.2 Bln ‘HUMAIN’ Financing in Davos

Saudi Arabia sharpened its push into artificial intelligence infrastructure on the sidelines of the World Economic Forum in Davos, as the National…

Najla al-Habriri (Davos)
Business President Donald Trump is presented with the inaugural FIFA Peace Prize by FIFA President Gianni Infantino during the 2026 FIFA World Cup draw at the Kennedy Center, Dec. 5, 2025, in Washington. (AP Photo/Evan Vucci, file)

France Not Considering Soccer World Cup Boycott over Greenland for Now

France's sports minister says her country is not currently thinking about boycotting the soccer World Cup in the United States amid growing tensions related to…

Business The forum's activities included meetings of the joint Saudi-Jordanian Business Council - SPA

Saudi-Jordanian Business Forum Approves Roadmap for Cooperation in Promising Sectors

The Federation of Saudi Chambers and the Jordan Chamber of Commerce organized the Saudi-Jordanian Business Forum at the federation's headquarters in Riyadh. …

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

Gold Breaks above $4,800/oz as Geopolitical Tensions Spur Safe-haven Bids

Gold surpassed $4,800 an ​ounce for the first time on Wednesday as geopolitical tensions including US President Donald Trump's bid to control Greenland drove…

Asharq Al Awsat
Business Iranians walk in street in Tehran, Iran, 20 January 2026. (EPA)

Internet Shutdown Squeezes Iran’s Ailing Businesses Already Hurt by Crashing Currency

Iranians have been struggling for nearly two weeks with the longest, most comprehensive internet shutdown in the history of the country — one that has not only…


Business Chairman and CEO of BlackRock, Larry Fink, attends the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 21, 2026. (Reuters)

Larry Fink from Davos: In Age of Artificial Intelligence, Trust Is Hardest Currency

CEO of BlackRock Larry Fink kicked off the World Economic Forum on Tuesday with a stark message, acknowledging a significant erosion of trust in global…

Business 20 January 2026, Switzerland, Davos: Vice Premier of the People's Republic of China He Lifeng speaks during "Special Address by He Lifeng, Vice-Premier of the People's Republic of China session" at the World Economic Forum annual meeting in Davos. (Boris Baldinger/World Ecomonic Forum/dpa)

China’s Vice Premier Tells Davos World Cannot Revert to 'Law of the Jungle'

Chinese Vice Premier He Lifeng warned Tuesday the world must not revert to the "law of the jungle", speaking at the World Economic Forum in Davos as Washington…

Business Finance Minister Mohammed Al-Jadaan and senior Saudi officials at a panel at the World Economic Forum in Davos on Tuesday.

Saudi Finance Minister at Davos: Fiscal Discipline Drove Our Credit Upgrades

Saudi Finance Minister Mohammed Al-Jadaan said on Tuesday strict fiscal discipline lay behind the Kingdom’s string of credit rating upgrades, arguing that…

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

Saudi Crown Prince’s Directives Cut Riyadh Property Prices by 3%

Real estate prices in Saudi Arabia’s capital fell 3% in the final quarter of last year, reversing a 1% rise in the previous quarter, in a shift that highlights…

Bandar al-Mosalam (Riyadh)
Business Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of high-level meetings with government officials and global business leaders at the World Economic Forum. (SPA)

Saudi Industry Minister Meets with Global Leaders at World Economic Forum to Advance Partnerships

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held on Tuesday a series of high-level meetings with government officials and global…

Business Chaired by the GAFT, the Saudi-US Trade and Investment Council aims to strengthen economic cooperation between the two countries by reviewing trade and investment policies, addressing barriers, and supporting technical dialogue among relevant entities. (SPA)

Saudi-US Trade and Investment Council Meetings Kick Off in Riyadh

Technical team meetings of the Saudi-US Trade and Investment Council (TIFA) kicked off in Riyadh on Tuesday. Held under the theme “A Platform for Dialogue,…

Business Oil flows through the Kirkuk-Ceyhan pipeline resumed in late September (Reuters)

Iraq to Export More Kirkuk Crude Oil Next Month

Iraq will export a ​total of 223,000 barrels per day (bpd) in February, up by 21% on the month, ‌loading programs show

Asharq Al Awsat
Business The logo of the World Economic Forum at the Davos Conference Center (AFP)

From Davos: The World Looks to Saudi Vision, from Reform to Delivery

At the 2026 World Economic Forum in Davos, Saudi Arabia offered a compelling account of how long-term ambition can be translated into measurable results. …

Asharq Al Awsat (Davos)
Business The CEO of Saudi Aramco, Engineer Amin Nasser (World Economic Forum)

Nasser from Davos: AI Has Generated $6 Billion for Aramco

The CEO of Saudi Aramco, Engineer Amin Nasser, on Tuesday revealed fundamental transformations in the company's financial and operational performance thanks to…

Asharq Al Awsat
Business A boat makes its way past the Doha skyline in Doha, Qatar on Sunday, Jan. 18, 2026. (Sean Kilpatrick/The Canadian Press via AP)

Qatar Central Bank Says AI Operational Risks Need Prudential Focus

The governor of Qatar's central bank said on Tuesday that operational risks emerging from technologies like Artificial Intelligence should ‌be treated as …

Asharq Al Awsat (Davos)
Business Croatian Central Bank Governor Boris Vujcic pictured during an interview with Reuters in Zagreb (Reuters file photo)

Croatia's Vujcic Nominated as ECB's Next Vice President

Croatia's Boris Vujcic was formally nominated on Monday as the European Central Bank's next vice president, putting him on track to become the first person…

Asharq Al Awsat
Business 16 January 2026, US, Washington: US President Donald Trump attends a rural health investment roundtable in the East Room of the White House. Photo: Andrew Leyden/ZUMA Press Wire/dpa

In His Second Year, Trump Imposes a New Global Economic Reality

On Tuesday, US President Donald Trump completes his first year in the White House - a year marked by the adoption of a strict protectionist approach and…

Asharq Al Awsat (Washington)

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Business The Saudi flag. Asharq Al-Awsat

US-Saudi Business Council President: Critical Minerals Cooperation Enhances Supply Chain Resilience

President and CEO of the US-Saudi Business Council Charles Hallab affirmed that cooperation between the Kingdom and the US in critical minerals is gaining…

Asharq Al Awsat (Washington)
Business (FILES) Gold wafers are displayed at Galeri 24, a state-owned gold retailer, in Surabaya, East Java, on October 16, 2025, as Indonesia's gold price stays near record highs and demand for safe-haven assets remains strong. (Photo by Juni KRISWANTO / AFP)

Gold Flashes Past $4,700/oz as Trump Threats Dampen Global Sentiment

Gold jumped past $4,700 per ounce for the first time on Tuesday, while silver traded near a record high, as US President Donald Trump's threats to slap extra…

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

IMF Raises Saudi Arabia’s Growth Forecast to 4.5% in 2026

For the third time in six months, the International Monetary Fund (IMF) has raised its forecast for Saudi Arabia's economic growth for 2025 and 2026, in a sign…

Asharq Al Awsat (Washington)
Business A worker adjusts European Union and US flags at the EU Commission headquarters in Brussels, November 11, 2013.

Trump's Greenland Threat Puts Europe Inc back in Tariff Crosshairs

Just as European companies were getting used to last year's hard-won US trade tariff deals, President Donald Trump has put them back in his ​crosshairs with an…

Asharq Al Awsat
Business FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo/File Photo

IMF Upgrades Outlook for Surprisingly Resilient World Economy to 3.3% Growth this Year

An unexpectedly sturdy world economy is likely to shrug off President Donald Trump's protectionist trade policies this year, thanks partly to a surge of…

Asharq Al Awsat
Business Syrian army personnel celebrate as government forces enter Raqqa city following the withdrawal of Syrian Democratic Forces, in Raqqa, Syria, January 18, 2026. REUTERS/Karam al-Masri

France Says Still Loyal to Syria Kurds, Hails Ceasefire

France on Monday welcomed a ceasefire between the Syrian government and Kurdish-led forces and stressed it remained loyal to the latter who spearheaded the…

Asharq Al Awsat
Business Mark Winterhoff, interim CEO of Lucid (Company) 

Lucid in 2026: 'Made in Saudi Arabia' Label Goes Global

Saudi Arabia is positioning itself as a global launchpad for Lucid, the electric-vehicle manufacturer, not merely as a consumer market, but as a manufacturing…

Zeinab Ali (Riyadh)
Business A deliver worker transfers the merchandise outside the Ritan International Trade Center in Beijing, Monday, Jan. 19, 2026. (AP Photo/Andy Wong)

China's Economy Grows 5% in 2025, Buoyed by Strong Exports Despite Trump's Tariffs

China's economy expanded at a 5% annual pace in 2025, buoyed by strong exports despite US President Donald Trump's tariffs. However, growth slowed to a 4.5…

Asharq Al Awsat
Business FILE PHOTO: The LyondellBasell refinery, located near the Houston Ship Channel, is seen in Houston, Texas, US, May 5, 2019.  REUTERS/Loren Elliott/File Photo

Oil Down as Easing Iran Unrest Dampens Geopolitical Risk Premium

Oil prices were down on Monday after rising during the previous session as civil unrest in Iran subsided, lowering the chance of a US attack that could disrupt…

Asharq Al Awsat
Business (FILES) A jeweler shows gold and silver bars at his shop in downtown Kuwait City on January 12, 2026. (Photo by YASSER AL-ZAYYAT / AFP)

Gold, Silver Hit Records and Stocks Fall as Trump Fans Trade Fears

Gold and silver prices climbed to fresh peaks on Monday, as investors poured into safe-haven assets after US President Donald Trump threatened to impose extra…

Asharq Al Awsat
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)