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 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 Retreats from Near Four-week High as Dollar Gains; Investors Stay Cautious

Gold pulled back on Tuesday after nearing a four-week high earlier in the session, as a rebound in the dollar and profit-taking added pressure, while investors…

Asharq Al Awsat
Business Saudi Aramco Completes $5 Billion Bond Issuance 

Saudi Aramco Completes $5 Billion Bond Issuance 

Saudi Aramco announced the completion of a $5 billion issuance of bonds across three tranches under its Global Medium Term Note Program. According to Aramco,…

Business People on a ferry cross the Bosphorus backdropped by the Galata Tower during sunset in Istanbul, Türkiye, 28 May 2025. (EPA)

Turkish Inflation Falls to 35.4% in May, Below Forecast 

Turkish annual inflation dipped to 35.41% in May, official data showed on Tuesday, below a Reuters poll forecast and less than half the level of more than 75%…

Business Exponeur is the first pavilion in the history of expo that is fully dedicated to the ecosystem of entrepreneurship, innovation, and investment (SPA) 

Exponeur… Saudi Initiative to Connect Global Entrepreneurship Ecosystems

The Kingdom's pavilion at Expo 2025 Osaka witnessed the launch of the “Exponeur” initiative, a global Saudi initiative that aims to connect entrepreneurs,…

Asharq Al Awsat (Osaka)
Business FILE PHOTO: Pump jacks pump oil at an oil field on the shores of the Caspian Sea in Baku, Azerbaijan, October 5, 2017. Picture taken October 5, 2017. REUTERS/Grigory Dukor/File Photo

Oil Inches Up on Supply Concerns and Weaker Dollar

Oil prices ticked up on Tuesday on concerns about supply, with Iran set to reject a US nuclear deal proposal that would be key to easing sanctions on the major…

Asharq Al Awsat
Business IATA Director General Willie Walsh (IATA website) 

Global Airlines Trim 2025 Profit Forecast over Trade Tensions, Supply Woes

Global airlines shaved a key forecast for 2025 industry-wide profits on Monday, blaming trade tensions and declining consumer confidence, while hitting out at …

Asharq Al Awsat (New Delhi)
Business Syrian Minister of Finance Mohammed Yisr Barnieh poses for a picture ahead of the opening of the stock market in the Yafur area near Damascus on June 2, 2025. (AFP)

Syrian Finance Minister to Asharq Al-Awsat: Syrian-Saudi Investment Forum Will Be Held Soon

Syrian ministers praised on Monday the ongoing support Saudi Arabia is providing to the “new Syria.” Speaking to Asharq Al-Awsat on the sidelines of the…

Muwafaq Mohammed (Damascus)
Business Officials are seen at the reopening of the Damascus Securities Exchange on Monday. (SANA)

Damascus Stock Exchange Reopens After 6-Month Closure 

Trading resumed on the Damascus Securities Exchange Monday after a six-month closure, as Syria's new leaders attempt to shore up the country's battered economy…

Business A seagull eats corn thrown by vendors selling the popular Turkish stuffed baked potato dish known as "Kumpir" at a waterfront square in Ortakoy, Istanbul, Türkiye, Friday, May 23, 2025. (AP)

Turkish Manufacturing Sector Contracts in May as Demand Weakens 

Türkiye's manufacturing sector continued to contract in May, with firms scaling back production, employment, and purchasing activity amid muted demand…

Business A Ford showroom in the region (Asharq Al-Awsat) 

Ford Expands Regional Operations from Riyadh, Strengthens Agility to Accelerate Growth

Ford Motor Company is reinforcing its presence in the Middle East and North Africa by expanding its operations from Riyadh and reintegrating North African…

Mosaed al-Zayani (Riyadh)
Business IATA logo (Asharq Al-Awsat) 

IATA: $1.3 Billion in Airline Funds Blocked by Governments

The International Air Transport Association (IATA) said on Sunday that $1.3 billion in airline funds are blocked from repatriation by governments as of end of…

Asharq Al Awsat (New Delhi)
Business The Saudi Business Center is specialized in facilitating the start and operation of economic activities. (Asharq Al-Awsat)

Saudi Arabia Opens Direct Communication Channel with Businesses to Overcome Investment Hurdles

Asharq Al-Awsat learned that Saudi Arabia’s Ministry of Investment is launching a new service to strengthen its relationship with national businesses by…

Bandar al-Mosalam (Riyadh)
Business Beijing and Washington last month agreed to slash staggeringly high tariffs on each other for 90 days. Hector RETAMAL / AFP

China 'Firmly Rejects' US Claim that it Violated Tariff Deal

China said Monday it "firmly rejects" US claims that it had violated a sweeping tariffs deal, as tensions between the two economic superpowers showed signs of…

Asharq Al Awsat
Business US Secretary of Treasury Scott Bessent looks on as US President Donald Trump speaks during a news conference with Elon Musk in the Oval Office of the White House in Washington, DC, on May 30, 2025. (AFP)

Trump, Xi Likely to Speak Soon on Minerals Trade Dispute, Treasury’s Bessent Says

US Treasury Secretary Scott Bessent said he believes President Donald Trump and Chinese President Xi Jinping will speak soon to iron out trade issues including…

Business President Donald Trump gestures after speaking at the US Steel Mon Valley Works-Irvin plant, Friday, May 30, 2025, in West Mifflin, Pa. (AP)

EU Threatens Countermeasures over Trump’s Steel Tariffs Hike

The European Commission said on Saturday that Europe was prepared to retaliate against President Donald Trump's plan to double tariffs on imported steel and…

Business Fishermen travel on boats front of container ships passing through the Suez Canal in Ismailia, Egypt July 7, 2021. Picture taken July 7, 2021. (Reuters)

Cairo Intensifying Efforts to Restore Normal Traffic in Suez Canal

Egypt is intensifying its efforts to return traffic in its Suez Canal back to normal in wake of the hit revenues have taken because of the attacks by the Iran…

Asharq Al Awsat (Cairo)
Business OPEC logo is seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

OPEC+ Oil Producers Announce another Big Hike for July

The world’s largest group of oil producers, OPEC revealed Saturday another big increase of 411,000 barrels per day for July. Having spent years curbing…

Asharq Al Awsat
Business Participants preparing to enter the venue of the “Buildex” exhibition in Damascus (SANA)

Buildex Exhibition Reveals Strong Regional and International Interest in Syria’s Reconstruction

Damascus has hosted the 22nd edition of the International Building Exhibition “Buildex,” its first since the fall of Bashar al-Assad’s regime in December 2024…

Muwafaq Mohammed (Damascus)
Business US President Donald Trump speaks with the media after his return from Pennsylvania, at Joint Base Andrews, Maryland, US, May 30, 2025. REUTERS/Leah Millis

Trump Says he Plans to Double Steel, Aluminum Tariffs to 50%

US President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminum to 50% from 25%, ratcheting up pressure on global steel…

Asharq Al Awsat
Business An elderly woman shops in a supermarket in Beijing, China, 30 May 2025. EPA/WU HAO

China's Manufacturing Activity Contracts Amid Trade Tension

China's manufacturing activity contracted in May for a second month, an official survey showed on Saturday, fuelling expectations for more stimulus to support…

Asharq Al Awsat
Business Saudi SALIC Eyes Investment Opportunities in Russia

Saudi SALIC Eyes Investment Opportunities in Russia

Saudi Arabia's agricultural and livestock investment firm SALIC is studying investment opportunities in Russia but sees more value in helping to market…

Asharq Al Awsat
Business The employee of a currency exchange shop counts US dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis Gonzalez/File Photo

Gold Falls, US Dollar Strengthens Ahead of Key US Inflation Data

Gold prices fell on Friday as the US dollar ticked higher and investors remained cautious ahead of key US inflation data due later in the day to gauge the…

Asharq Al Awsat
Business The sun sets behind the chimneys of the Total Grandpuits oil refinery, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann/File Photo

Oil Set for Second Weekly Decline as Market Eyes another OPEC+ Output Hike

Oil prices were on track for a second consecutive weekly decline on Friday, weighed down by expectations of another OPEC+ output hike in July and fresh…

Asharq Al Awsat
Business Women ride bicycles past monitors showing Japan's Nikkei 225 index at a securities firm in Tokyo, Tuesday, April 8, 2025. (AP)

Asian Shares Mostly Decline as Uncertainty Grows about What's Next with Trump's Tariffss

Asian shares were mostly lower Friday as uncertainty grew about what will happen next after a US court blocked many of President Donald Trump’s sweeping…

Asharq Al Awsat