Business

50-Year Contracts Open New Horizons for Real Estate Investment in Saudi Arabia

Business A neighborhood in the Saudi capital, Riyadh (SPA)

50-Year Contracts Open New Horizons for Real Estate Investment in Saudi Arabia

Long-term real estate investment models are opening new opportunities for Saudi Arabia's private sector, as the Kingdom seeks to expand partnerships with…

Bandar al-Mosalam (Riyadh)
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 trader monitors the stock screen at the Saudi Stock Exchange (AFP). 

Primary Listings Maintain Strategic Allure in Saudi Market Despite Slower Momentum

Despite a noticeable slowdown in the pace of initial public offerings (IPOs) during the first five months of 2025, the Saudi stock market continues to attract…

Asharq Al Awsat (Riyadh)
Business UNCTAD Secretary-General, Rebeca Grynspan (AFP) 

UNCTAD: 'Painful' Cuts Threaten Our Task to Help Developing Countries

The United Nations Conference on Trade and Development (UNCTAD), tasked with helping developing countries access the global economy, faces “painful” cuts as…

Asharq Al Awsat (Geneva)
Business  The Strait of Hormuz is a key shipping chokepoint for crude oil (Reuters) 

Insurance Costs for Ships in Strait of Hormuz Rise Over 60%

Insurance prices for ships travelling through the Strait of Hormuz have jumped more than 60% since the start of the war between Israel and Iran as the conflict…

Asharq Al Awsat (London)
Business FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo

Oil Slips as Iran-Israel Conflict Enters Sixth Day

Oil prices fell on Wednesday, after a gain of 4% in the previous session, as markets weighed up the chance of supply disruptions from the Iran-Israel conflict…

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 Hovers as Investors Focus on Israel-Iran Conflict ahead of Fed Decision

The US dollar dipped against the yen and steadied against the Swiss franc on Wednesday, as fighting between Israel and Iran prompted investors to scoop up safe…

Asharq Al Awsat
Business Officials at the signing ceremony between SIDF Investment Company and Investindustrial Group. (SIDF Investment Company) 

Saudi-European Partnership Launched between SIDF Investment and Investindustrial  

In a significant step toward strengthening Saudi Arabia’s industrial capabilities, SIDF Investment Co., the financial arm of the Saudi Industrial Development…

Asharq Al Awsat (Riyadh)
Business Saudi Finance Minister Mohammed Al-Jadaan speaks at the forum in Vienna on Tuesday. (SPA)

Saudi Arabia Urges Global Action to Tackle Energy Poverty

Saudi Finance Minister Mohammed Al-Jadaan underscored on Tuesday the critical role of economic reforms in securing basic needs for individuals and communities…

Asharq Al Awsat (Vienna)
Business Traders monitor stock information displayed on screens at the Qatar Stock Exchange. (Reuters)

Gulf Stock Markets Slip Amid Escalating Iran-Israel Conflict and Fed Policy Uncertainty

Major stock markets across the Gulf declined on Tuesday, as heightened geopolitical tensions between Iran and Israel weighed on investor sentiment and fueled…

Asharq Al Awsat (Riyadh)
Business Expo 2030 is scheduled to open on October 1, 2030, and run through March 31, 2031.

Saudi Arabia Secures Official Organizer Status for Expo 2030 Riyadh  

Saudi Arabia took a major step toward hosting Expo 2030 Riyadh after the General Assembly of the Bureau International des Expositions (BIE) on Tuesday…

Michel Abou Najm (Paris)
Business A view of Leonardo da Vinci International Airport in Fiumicino, near Rome, Italy, September 23, 2024. (Reuters) 

Transatlantic Airfares Slump as Western Europeans Skip US Travel 

Airfares from Europe to the United States have dropped to rates not seen since before the pandemic, as travelers from Western Europe lead a pullback in travel…

Business The meeting was held as part of the 55th annual Paris Airshow, taking place from June 16 to 22. (SPA)

Saudi Arabia, France Explore Civil Aviation Investment, Deeper Cooperation 

A high-level delegation from Saudi Arabia’s civil aviation sector, headed by General Authority of Civil Aviation (GACA) President Abdulaziz bin Abdullah Al…

Business Riyadh Air Signs Rolls-Royce Deal to Power A350-1000 Fleet, Expanding Global Ambitions 

Riyadh Air Signs Rolls-Royce Deal to Power A350-1000 Fleet, Expanding Global Ambitions 

Riyadh Air, Saudi Arabia’s new national carrier, has signed a memorandum of understanding (MoU) with Rolls-Royce to purchase 100 Trent XWB-97 engines to power…

Business Japanese Prime Minister Shigeru Ishiba speaks during a press conference at the conclusion of the Group of Seven (G7) Summit in Calgary, Alberta, Canada on June 17, 2025. (AFP)

Japan PM Ishiba Says Disagreements Remain with US on Tariff Talks 

Japan's Prime Minister Shigeru Ishiba said his country has not reached a comprehensive tariff agreement with the United States as some disagreements persist…

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 Steady as Market Eyes Middle East Conflict, Fed Decision

Gold prices were steady on Tuesday as investors assessed the conflict between Israel and Iran and looked ahead to this week's US Federal Reserve's policy…

Asharq Al Awsat
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