Business

Gold Rallies as Dollar, Treasury Yields Soften after US Midterm Results

Business Gold chips displayed at a state-owned gold retail store in Surabaya, East Java (AFP)

Gold Rallies as Dollar, Treasury Yields Soften after US Midterm Results

Gold climbed to its highest level in over two weeks on Thursday as the fallout from the US midterm election results rippled through the global financial and…

Asharq Al Awsat
Business Hong Kong stocks rallied more than three percent on a broadly healthy day for Asian markets. Leung Man Hei / AFP

Tech Hit by New AI Worries on Positive Day for Most Markets

Tech firms tumbled Thursday as investors contemplated the outlook for the AI boom after Democrats swept the US midterms, partly on the back of growing anger…

Asharq Al Awsat
Business Türkiye is rapidly expanding its renewable energy capacity. But as host of COP31, the country faces growing pressure to match its clean energy ambitions with a clear commitment to phase out fossil fuels. Yasin AKGUL / AFP

Türkiye Showcases Renewables Surge, but Leaves Coal Intact

On a windy hillside about an hour's drive northwest of Istanbul, the Catalca power plant was one of Türkiye's first large-scale wind farms and has been feeding…

Asharq Al Awsat
Business Officials from the General Organization for Social Insurance at an earlier meeting with businessmen and businesswomen at the Riyadh Chamber (SPA)

Saudi Arabia Offers 100% Social Insurance Debt Waiver to Businesses That Have Exited Market

Saudi Arabia's General Organization for Social Insurance (GOSI) has made businesses that have ceased operations and exited the Saudi market eligible for a 100%…

Bandar al-Mosalam (Riyadh)
Business A general view shows Ras Tanura's oil production plant near Dammam in Saudi Arabia's Eastern Province (AFP)

From Aramco's Profits to State Budget Revenue: How Do Oil Proceeds Reach Government Coffers?

Saudi Aramco's financial results and Saudi Arabia's third-quarter budget performance report, released on the same day, revealed a divergence between the…

Hala Saghbini (Riyadh)

Business In an aerial view, a container ship arrives at the Port of Oakland on October 10, 2025 in Oakland, California. (Getty Images/AFP)

G20 Risk Watchdog Warns of Potential for Financial Market Crash 

The latest surge in global share prices and other assets has left markets susceptible to a crash given the current uncertain economic and geopolitical backdrop…

Business Georgieva makes statements ahead of the annual IMF and World Bank Fall Meetings at the Milken Institute in Washington (Reuters). 

IMF–World Bank Meetings Convene Under the Shadow of the 'Dot-Com' Specter

In a dramatic reversal from the tense atmosphere that gripped their gatherings two years ago, the International Monetary Fund (IMF) and the World Bank are…

Hala Saghbini (Riyadh)
Business A general view of the Mdhilla phosphate production plant in Mdhilla, Tunisia February 9, 2019. REUTERS/Zoubeir Souissi

Tunisia’s Trade Deficit Widens by 24%

Tunisia's trade deficit widened by 24% in the first nine months of 2025, official data showed on Monday, underscoring the persistent economic pressures on the…

Asharq Al Awsat
Business A worker places a gold brick on a conveyor belt during production at ABC Refinery in Sydney, Australia, October 13, 2025. REUTERS/Hollie Adams

Gold Rises to Record as US-China Trade Woes Escalate; Silver Scales All-time Peak

Gold soared to a record high on Monday, lifted by safe-haven demand amid renewed US-China trade tensions and expectations of US Federal Reserve interest rate…

Asharq Al Awsat
Business US President Donald Trump (R) relit his trade war with China by threatening fresh tariffs and suggested a planned meeting with Chinese counterpart Xi Jinping might not go ahead. Lintao Zhang, SAUL LOEB / POOL/AFP/File

Asian Equity Markets Drop after Trump Reignites Tariff Row

Asian markets sank Monday after US President Donald Trump reignited his trade war with China by threatening last week to impose 100 percent tariffs on goods…

Asharq Al Awsat
Business Oil rigs operate in Los Angeles, California, USA, 10 October 2025. EPA/CAROLINE BREHMAN

Oil Recoups Some Losses from US-China Tensions

Oil prices rose on Monday after hitting five-month lows in the previous session, as investors hoped potential talks between the presidents of the US and China…

Asharq Al Awsat
Business Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and other officials are seen at the opening of GEOMIN 2025 in Jeddah. (SPA)

Saudi Industry Minister Inaugurates First Edition of GEOMIN 2025 in Jeddah

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef, Chairman of the Board of Directors of the Saudi Geological Survey (SGS), inaugurated on…

Business Properties in Riyadh, Saudi Arabia. (SPA)

Intense Government Measures Reset Saudi Real Estate Market

Saudi Arabia’s real estate sector, particularly in Riyadh, is undergoing a new phase of regulation and reform designed to bring long-term stability, enhance…

Ayat Nour (Riyadh)
Business  A Taiwan flag can be seen on an overpass ahead of National Day celebrations in Taipei, Taiwan, October 8, 2025. (Reuters)

Taiwan Sees No Significant Impact on Chip Sector from China Rare Earths Curbs

No significant impact is expected on Taiwan's semiconductor industry from China's new curbs on rare earths as they differ from the metals needed for the chip…

Business A drone view shows containers stacked at the port of Rotterdam in Rotterdam, Netherlands, July 9, 2025. (Reuters)

Rotterdam Port Lashers to Suspend Strike from Monday

Hundreds of striking lashers in the port of Rotterdam will suspend their walkout for at least five days from Monday morning, as union leaders and employers try…

Business The trade war between Beijing and Washington has reignited with export restrictions and threats of additional retaliatory tariffs. AFP

China Accuses US of 'Double Standards' over New Tariffs Threat

China accused the United States of "double standards" on Sunday, after President Donald Trump threatened an additional 100 percent tariff on the world's second…

Asharq Al Awsat
Business Saudi Arabia to Host OIC Water Ministers Conference on Investment and Innovation

Saudi Arabia to Host OIC Water Ministers Conference on Investment and Innovation

The Kingdom of Saudi Arabia will host and preside over the fifth session of the Conference of Ministers Responsible for Water of the Organization of Islamic…

Asharq Al Awsat
Business GAFT)Acting Governor Mohammed Al-Abduljabbar participated in the G20 Trade and Investment Working Group Ministerial Meeting in South Africa - SPA

Saudi Arabia Underscores Trade for Inclusive Growth at G20 Meeting in South Africa

General Authority of Foreign Trade (GAFT) Acting Governor Mohammed Al-Abduljabbar participated in the G20 Trade and Investment Working Group Ministerial…

Asharq Al Awsat
Business A general view of Yantian port at night in Shenzhen, Guangdong province, China May 9, 2025. REUTERS/Tingshu Wang

China Hits Back on US Port Fees with Retaliatory Levies

China will slap port fees on US-owned, operated, built, or flagged vessels on Tuesday as a countermeasure to US port fees on China-linked ships starting the…

Asharq Al Awsat
Business People collect water for their animals from the al-Thirma river in Diwaniya, Iraq, October 11 2022. REUTERS/Alaa Al-Marjani

Türkiye, Iraq Reach Draft Deal on Water-sharing

Top diplomats from Türkiye and Iraq reached a tentative agreement on sharing water and managing dwindling flows through the Tigris and Euphrates rivers as the…

Asharq Al Awsat
Business Taiwan’s economic representative to Saudi Arabia Sami Jang (Asharq Al-Awsat)

Saudi Arabia, Taiwan Forge Strategic Partnership as Trade Surges 78%

Taiwan, a global leader in semiconductor manufacturing, considers Saudi Arabia an indispensable strategic partner, Taiwan’s economic representative to the…

Abdurrahman Youssef (Riyadh)
Business A combine harvests wheat on a field that belongs to farmer Hasan Chetoui in Manouba, Tunisia May 24, 2023. REUTERS/Jihed Abidellaoui

Tunisia Buys Estimated 100,000 Metric Tons Soft Wheat in Tender, Traders Say

Tunisia's state grains agency is believed to have purchased about 100,000 metric tons of soft wheat to be sourced from optional origins in an international…

Asharq Al Awsat
Business Mannequins with 22 karat gold jewelry displayed, as gold surged past the $4,000 an ounce level for the first time on Wednesday, outside a store in the Jackson Heights neighborhood in the borough of Queens in New York City, US, October 8, 2025. REUTERS/Shannon Stapleton

Gold Eyes Eighth Weekly Gain on Safe-haven Rush; Silver Hovers Near Record

Gold rebounded from earlier losses on Friday and was on track for an eighth consecutive weekly gain, driven by broad political and economic uncertainty and…

Asharq Al Awsat
Business FILE PHOTO: A pump jack operates outside of Midland, Texas, US June 11, 2025. REUTERS/Eli Hartman/File Photo

Oil Prices Edge Down as Risk Premium Fades after Gaza Deal

Oil prices declined on Friday, after settling around 1.6% lower in the previous session, as the market's risk premium faded after Israel and Hamas agreed to…

Asharq Al Awsat
Business The Capital Market Authority. (Turki Al-Aqaili) 

Saudi Capital Market Authority Proposes Rule Changes to Attract More Investors  

The Saudi Capital Market Authority (CMA) has invited public feedback on a proposal to introduce “simplified investment funds”, as part of its broader strategy…

Asharq Al Awsat (Riyadh)
Business 
A shopping mall in Saudi Arabia showing precautionary measures during the COVID-19 outbreak (Asharq Al-Awsat)

Saudi Private Sector Drafts Report on Challenges in Contesting Pandemic-Era Violations

The Saudi private sector is preparing a comprehensive report identifying the difficulties businesses face when contesting violations through the government’s…

Bandar al-Mosalam (Riyadh)
Business This picture shows Aramco tower at the King Abdullah Financial District (KAFD) in Riyadh on April 16, 2023. (Photo by Fayez Nureldine / AFP)

Saudi Aramco Named High-Performance Company by Willis Towers Watson

Saudi Aramco has received the “High-Performance Company” award and designation from Willis Towers Watson, the global advisory firm specializing in people…

Asharq Al Awsat (Dhahran)
Business FILE PHOTO: The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo

Aramco Completes Deal to Up Stake in JV Petro Rabigh

Saudi Aramco said on Thursday it had completed the acquisition of a 22.5% stake in its refining and petrochemicals joint venture Petro Rabigh from Japan's…

Asharq Al Awsat (Dhahran)
Business A tourism and entertainment spot in Saudi Arabia. SPA

World Bank Says Tourism in Saudi Arabia is About ‘Opportunity, Culture and Progress’

The World Bank has said that until recently tourism in Saudi Arabia mainly concentrated on religious sites. Yet, that is rapidly changing through the…

Asharq Al Awsat (Riyadh)