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…

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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 at the Egyptian stock exchange in Cairo (Reuters)

Israeli-Iranian Escalation Rattles Arab Markets, Egypt Hit Hardest

The escalating conflict between Israel and Iran cast a heavy shadow over Arab financial markets on Sunday, triggering sharp selloffs, particularly in the Gulf…

Asharq Al Awsat (Riyadh)
Business A fire blazes in the oil depots of Shahran, northwest of Tehran, on June 15, 2025. Israel and Iran exchanged fire on June 14, a day after Israel unleashed an unprecedented aerial bombing campaign that Iran said hit its nuclear facilities, "martyred" top commanders and killed dozens of civilians. (Photo by ATTA KENARE / AFP)

Oil Prices Rise Further as Israel-Iran Extends into Fourth Day

Oil prices extended gains Monday as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks, stoking fears of a…

Asharq Al Awsat
Business  Canada's Prime Minister Mark Carney attends a bilateral meeting with Britain's Prime Minister Keir Starmer (not pictured), before the start of the G7 summit, at Parliament Hill in Ottawa, Ontario Canada, June 15, 2025. (Reuters)

G7 Leaders Meet in Canada Hoping to Avoid Trump Clash

Group of Seven leaders gather in the Canadian Rockies starting on Sunday amid growing splits with the United States over foreign policy and trade, with host…

Business US President Donald Trump welcomes Japanese Prime Minister Shigeru Ishiba at the White House in Washington, US, February 7, 2025. (Reuters)

Japan’s Ishiba Heads to G7 to Press Trump to Drop Auto Tariffs

Japanese Prime Minister Shigeru Ishiba heads to Canada on Sunday for trade talks with US President Donald Trump, hoping to persuade him to drop trade tariffs…

Business An eagle tops the US Federal Reserve building's facade in Washington, July 31, 2013. (Reuters)

US Fed Set to Hold Rates Steady in the Face of Trump Pressure

The US central bank is expected to keep interest rates unchanged for a fourth straight policy meeting this week, despite President Donald Trump's push for rate…

Business The MoU was signed on the sidelines of the TXF Global 2025 conference held in Copenhagen from June 10 to 12 - SPA

Saudi EXIM Bank Signs MoU with Credit Oman to Boost Bilateral Exports

CEO of Saudi EXIM Bank, Eng. Saad bin Abdulaziz AlKhalb and CEO of Credit Oman, Khalil bin Ahmed Al Harthy signed a memorandum of understanding (MoU) to…

Asharq Al Awsat
Business FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, June 5, 2025. REUTERS/Heiko Becker/File Photo

ECB's Lagarde Says 2% Inflation Target in Reach

The European Central Bank's inflation target of 2% is in reach, ECB President Christine Lagarde was quoted as saying in an interview published on Saturday. …

Asharq Al Awsat
Business Abadan oil refinery facility in southwestern Iran (Reuters)

Iran’s Energy Sector: A Long History of Sanctions and Instability

Israel launched airstrikes on Iran Friday, targeting nuclear facilities, ballistic missile factories, and senior military commanders. The operation, which…

Asharq Al Awsat (London)
Business A military aircraft flies in the sky following a barrage of missiles launched from Iran, as seen over Tubas, in the Israeli-occupied West Bank, June 14, 2025. REUTERS/Raneen Sawafta

Ships Warned to Avoid Red Sea, Log Hormuz Voyages after Israel Hits Iran

Merchant shipping is continuing to pass through the Strait of Hormuz despite Israel's attacks on Iran on Friday, the multinational, US-led Combined Maritime…

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Business FILE PHOTO: London-based Energean's drill ship begins drilling at the Karish natural gas field offshore Israel in the east Mediterranean May 9, 2022. REUTERS/Ari Rabinovitch/File Photo

UK's Energean Suspends Production Offshore Northern Israel

British gas producer Energean said on Friday it has temporarily suspended the production and activities of its power floating production storage and offloading…

Asharq Al Awsat
Business Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia speaks to the media during a press conference at the presidential palace in Jakarta, Indonesia, Tuesday, June 10, 2025. (AP) 

Indonesia, Singapore Sign Deals on Power Trade, Carbon Capture 

Indonesia and Singapore signed initial deals on Friday to develop cross-border trade in low carbon electricity and collaborate on carbon capture and storage,…

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 Hits Nearly Two-month High as Middle East Tensions Spur Safe-haven Demand

Gold prices climbed on Friday to their highest levels in nearly two months, and were on track for a weekly gain, after Israeli military strikes on Iran drove…

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Business Arrangement of various world currencies including Chinese Yuan, Japanese Yen, US Dollar, Euro, British Pound, Swiss Franc and Russian Rouble pictured in Warsaw, January 26, 2011. REUTERS/Kacper Pempel

Japan's Nikkei Falls, Australia and New Zealand Dollars Tumble amid Israel's Strike on Iran

The Australian and New Zealand dollars tumbled on Friday as Israel's strike on Iran hammered global stocks and drove investors into safe-haven assets, with…

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Business An oil pump is seen in Lagunillas, Ciudad Ojeda, in the state of Zulia, Venezuela, March 18, 2015. REUTERS/Isaac Urrutia/File Photo

Oil Prices Jump More than 5% after Israel Strikes Iran

Oil prices jumped more than 5% on Friday to hit the highest in more than two months after Israel said it struck Iran, raising concerns of escalating tensions…

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Business US dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration/File Photo

Dollar and Other Safe Havens Rise as Israel Strikes Iran

The US dollar rallied alongside the safe-haven Japanese yen and Swiss franc, with currency markets abruptly reversing direction on news Israel had launched…

Asharq Al Awsat
Business A tail of an Air India Boeing 787 Dreamliner plane that crashed is seen stuck on a building after the incident in Ahmedabad, India, June 12, 2025. REUTERS/Amit Dave

Boeing Shares Drop after Air India Crash

The crash of an Air India 787-8 Dreamliner jet minutes after taking off on Thursday poses another challenge for Boeing, whose new CEO has been trying to…

Asharq Al Awsat
Business New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021. REUTERS/Nir Elias/Illustration/File Photo

Israeli Assets Slide as Regional Tensions Escalate

The cost of insuring Israel's debt against default rose on Thursday, and its bond prices and stock indexes slid, as regional security concerns spiked and the…

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Business A pump jack operates near a gas turbine power plant in the Permian Basin oil field outside of Odessa, Texas, US February 18, 2025. REUTERS/Eli Hartman/File Photo

Oil Slips from Recent Highs as Market Assesses Middle East Tension

Oil prices fell on Thursday after sharp gains in the previous session as market participants assessed a US decision to move personnel from the Middle East…

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Business Mawani Boosts Saudi Ports with New MSC Himalaya Express Service

Mawani Boosts Saudi Ports with New MSC Himalaya Express Service

The Saudi Ports Authority (Mawani) has announced the addition of MSC's Himalaya Express shipping service to King Abdulaziz Port in Dammam and Jubail Commercial…

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

Dollar Extends Falls after Weaker-than-expected US Producer Prices

The US dollar extended losses against the euro and yen on Thursday after yet another data showing softer-than-expected inflation in the world's largest economy…

Asharq Al Awsat
Business Riyadh (SPA)

Saudi Bonds: A Safe Haven in Emerging Markets

As global investors remain cautious about debt in emerging economies, Saudi Arabia is increasingly seen as a stable and attractive investment destination. This…

Asharq Al Awsat (Riyadh)
Business During his visit to the Netherlands, the Saudi Vice Minister of Environment, Water and Agriculture oversaw the signing of 27 agreements and MoUs. SPA

Saudi Arabia, Netherlands Sign Several Agreements on Environment, Water and Agriculture

Saudi Arabia and the Netherlands have signed several agreements and memoranda of understanding (MoUs) between entities from the environment, water and…

Asharq Al Awsat (Amsterdam)
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 Climbs on Rising Middle East Tensions, Weaker Dollar

Gold prices rose on Thursday, bolstered by rising tensions in the Middle East and a weaker dollar, while softer-than-expected US inflation data boosted…

Asharq Al Awsat
Business This photo taken on May 8, 2025 shows a worker walking past sacks of rice in a warehouse on the outskirts of Zalun township in Myanmar's Irrawaddy Delta region. (Photo by Sai Aung MAIN / AFP)

World Bank: Earthquake Worsens Myanmar's Economic Decline

Myanmar's beleaguered economy is expected to contract by 2.5 percent in the 2025/26 fiscal year largely due to the devastating impact of a powerful earthquake…

Asharq Al Awsat