Business

Saudi Air Navigation: Virtual Towers Boost Efficiency, Open Control and Maintenance Roles to Saudi Women

Business Virtual tower operations center – Air Navigation Services (Asharq Al-Awsat) 

Saudi Air Navigation: Virtual Towers Boost Efficiency, Open Control and Maintenance Roles to Saudi Women

Saudi Arabia is accelerating digital transformation in aviation as virtual air traffic control towers enter live operations, marking a first for the Middle…

Saeed Al Abyad (Jeddah)
Business Investment in artificial intelligence is expected to be a source of continued momentum for the US economy in 2026. ANDREW CABALLERO-REYNOLDS / AFP/File

US Economic Growth Surges in 3rd Quarter, Highest Rate in Two Years

US economic growth in the third quarter came in at 4.3 percent on an annualized basis, easily topping expectations, according to Commerce Department data…

Asharq Al Awsat
Business  Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA

Cluster2 Company Launches Direct Flights from Muscat to Saudi Arabia's Taif

The Cluster2 Company, operator of Taif International Airport, announced the launch of three direct flights per week between Muscat and Taif via Oman Air,…

Asharq Al Awsat
Business A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer

Oil Prices Rise as US Ramps up Action against Venezuela Tankers

Oil prices rose on Monday after the US intercepted ​an oil tanker in international waters off the coast of Venezuela and tensions in Russia's war against…

Asharq Al Awsat
Business The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA

GASTAT: Construction Costs in Saudi Arabia Rose 1% in November

The Construction Cost Index in Saudi Arabia rose 1% in November 2025 compared with the same month last year, driven by equal 1% increases in both residential…

Asharq Al Awsat (Riyadh)

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
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,…

Business Modi speaks at the India-Jordan Business Forum in Amman on Tuesday (X)

Modi Invites Jordanian Companies to Invest in India

Indian Prime Minister Narendra Modi on Tuesday invited Jordanian companies to invest in India, saying they can look forward to good returns on their…

Asharq Al Awsat (Amman)
Business Mawani Signs 3 MoUs with Global Shipping Lines to Support Saudi Exports

Mawani Signs 3 MoUs with Global Shipping Lines to Support Saudi Exports

The Saudi Ports Authority (Mawani) signed on Tuesday three memoranda of understanding (MoUs) with major international shipping lines: MSC, Maersk, and CMA CGM…

Business Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef during Tuesday's meeting. (SPA)

Saudi Arabia, Syria Discuss Industrial Investment Partnerships

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held talks in Riyadh on Tuesday with Syrian Minister of Economy and Industry Nedal Al-Shaar…

Business  People enjoy sitting outdoors as the summer heat eases in Riyadh (AFP). 

Saudi Inflation Slows to Nine-Month Low in November

Saudi Arabia’s annual inflation rate slowed to 1.9 percent in November 2025, its lowest level in nine months, down from 2.2 percent in October, driven by…

Asharq Al Awsat
Business Prince Faisal bin Khalid bin Sultan bin Abdulaziz during the inauguration of the Northern Borders Investment Forum, alongside the Minister of Investment (Asharq Al-Awsat). 

Northern Saudi Arabia Offers 240 Investment Opportunities Worth $10.6 Billion

The Northern Borders Investment Forum 2025 has unveiled more than 240 investment opportunities in northern Saudi Arabia, with a total value estimated at SAR 40…

Asharq Al Awsat (Arar)
Business Saudi Minister of Transport and Logistics Services Saleh Al-Jasser speaks at Monday's conference. (Asharq Al-Awsat)

Saudi Logistics and Supply Chain Investments Reach $74.6 Billion  

Investments in Saudi Arabia’s supply chain and logistics sector have reached approximately SAR 280 billion ($74.6 billion) since the launch of the National…

Bandar al-Mosalam (Riyadh)
Business The EU wants to boost construction to help tackle the bloc's growing housing crisis. PIERRE-PHILIPPE MARCOU / AFP

EU to Unveil Plan to Tackle Housing Crisis

The EU will on Tuesday present a first-ever plan to address the continent's deepening housing crisis, aiming to boost construction and regulate short-term…

Asharq Al Awsat
Business The launch of Saudi Crafts took place during the third annual Made in Saudi Expo held at the Riyadh. (SPA)

SAUDI EXPORTS, Heritage Commission Launch 'Saudi Crafts' Brand at Made in Saudi Expo 

The Saudi Export Development Authority (SAUDI EXPORTS), through its “Made in Saudi” program, announced on Monday the official launch of the “Saudi Crafts” sub…

Business The three-day conference brings together experts and specialists from 25 countries and features 28 panel discussions and technical sessions. (SPA)

13th Saudi Smart Grid Conference Opens in Riyadh

The 13th Saudi Smart Grid Conference (SASG 2025), and its accompanying exhibition, opened in Riyadh on Monday under the patronage of the Saudi Ministry of…

Business Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Syrian Minister of Economy and Industry Mohammad Nidal al-Shaar at the Ministry of Interior’s pavilion at the Made in Saudi Expo 2025 in Riyadh. (SPA)

Saudi Industry Minister, Syrian Counterpart Visit Made in Saudi Expo 

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Syrian Minister of Economy and Industry Mohammad Nidal al-Shaar visited the Ministry of…

Business Containers are seen at Abu Dhabi's Khalifa Port, UAE, December 11, 2019. REUTERS/Satish Kumar

Abu Dhabi Ports Signs MoU to Develop, Operate Shuaiba Container Terminal in Kuwait

Kuwait Ports Authority (KPA) said on Monday it had signed a memorandum of understanding with Abu Dhabi Ports Group to develop and operate the container…

Asharq Al Awsat