Business

Saudi Arabia Expands Tourist E-Visa Eligibility to Four More Countries

Business The tourist visa allows visitors to attend events, perform Umrah, and visit exhibitions and conferences (SPA)

Saudi Arabia Expands Tourist E-Visa Eligibility to Four More Countries

Saudi Arabia has expanded its electronic tourist visa program by adding four countries to the list of eligible nationalities: Mexico, North Macedonia, Serbia,…

Asharq Al Awsat (Riyadh)
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 FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo/File Photo

Gold Gains on Weaker Dollar; Traders Brace for Fed Rate Decision

Gold prices firmed on Monday, supported by a softer dollar, as investors awaited further details on the US-China trade relations, along with the Federal…

Asharq Al Awsat
Business US President Donald Trump speaks with the media aboard Air Force One as he flies from West Palm Beach, Florida enroute to Joint Base Andrews in Maryland, on May 4, 2025 returning to the White House.(Photo by SAUL LOEB / AFP)

Trump Says He Wants a Fair Trade Deal with China

US President Donald Trump on Sunday said the US was meeting with many countries, including China, on trade deals, and his main priority with China was to…

Asharq Al Awsat
Business File photo: SABIC accounted for approximately 69% of the sector’s net profits in Q2 2024, with an 85% growth. (SABIC)

Saudi Chemicals Group SABIC Reports Q1 Net Loss of $323 Million

Saudi chemicals giant SABIC 2010.SE reported a net loss of 1.21 billion Saudi riyals ($323 million) in the first quarter of 2025, compared to a profit of 0.25…

Asharq Al Awsat
Business This handout photo taken and released by Malaysia's Department of Information on May 2, 2025 shows Kosovo's President Vjosa Osmani (L) speaking as Malaysia's Prime Minister Anwar Ibrahim (R) listens during a joint press conference in Putrajaya. (Photo by NIZAM ZANIL / MALAYSIA'S DEPARTMENT OF INFORMATION / AFP)

Malaysia Prime Minister Confident on Resolving Petronas-Petros Dispute

Malaysia's Prime Minister said on Sunday he was confident that a dispute between energy company Petronas, owned by the federal government, and Petros, owned by…

Asharq Al Awsat
Business An aerial view of Riyadh, Saudi Arabia (SPA)

Saudi Arabia Launches Operations Room to Tackle Financial Fraud

Saudi Arabia’s cabinet, chaired by Crown Prince Mohammed bin Salman, has approved the creation of a dedicated operations room to receive and process financial…

Ayat Nour (Riyadh)
Business Massive new tarrifs could hit solar panels made in Southeast Asia from June. (AFP)

US Solar Tariffs Could Drive Asia Transition Boom

Massive planned US duties on solar panels made in Southeast Asia could be a chance for the region to ramp up its own long-stalled energy transition, experts…

Asharq Al Awsat
Business US President Donald Trump reacts next to coal industry workers, on the day he signs energy-related executive orders at the White House in Washington, D.C., US, April 8, 2025. REUTERS/Nathan Howard/File Photo

Trump Says US in Transition Period, Downplays Impact of Short-term Recession

President Donald Trump said the US was in a "transition period" and was going to do "fantastically" while downplaying the impact any short-term recession…

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

OPEC+ Countries Reaffirm Commitment to Market Stability on Current Healthy Oil Market Fundamentals

The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE,…

Asharq Al Awsat
Business Canada's Prime Minister Mark Carney speaks at a press conference in Ottawa, Ontario, on May 2, 2025 - AFP

Carney Vows to Transform Canada Economy to Withstand Trump

Prime Minister Mark Carney promised Friday to oversee the biggest transformation of Canada's economy since the end of the Second World War to enable it to …

Asharq Al Awsat
Business The event took place on the sidelines of the Iraqi trade delegation's visit to the UAE from May 1st to 2nd - WAM

Second Emirati-Iraqi Business Forum Discusses Enhancing Trade Partnerships

The Federation of UAE Chambers of Commerce and Industry, in cooperation with the Federation of Iraqi Chambers of Commerce, organized the Second Emirati-Iraqi…

Asharq Al Awsat
Business Vehicles wait in a line before making their way to Pakistan at the Attari-Wagah border crossing near Amritsar, India April 30, 2025. REUTERS/Francis Mascarenhas/File Photo

India Bans Imports from Pakistan amid Tensions

India said Saturday it has banned the import of goods originating from or transiting via Pakistan as diplomatic tensions between the two nuclear-armed nations…

Asharq Al Awsat
Business Peru’s Foreign Minister, Elmer Schialer Salcedo (Asharq Al-Awsat)

Peru’s FM: Negotiations Underway with Saudi Arabia to Sign Bilateral Agreements by Year-End

Peru’s Foreign Minister, Elmer Schialer Salcedo, revealed during his official visit to Riyadh that negotiations are progressing with Saudi Arabia to conclude…

Fatehelrahman Yousif (Riyadh)
Business Oil Falls as Traders Weigh Potential US-China Trade Talks

Oil Falls as Traders Weigh Potential US-China Trade Talks

Oil prices fell on Friday as traders squared positions ahead of an OPEC+ meeting and amid some scepticism about a potential de-escalation of the trade dispute…

Asharq Al Awsat
Business FILE - A customer checks his shopping receipts while waiting in line at the food court at Costco Wholesale store in Glendale, Calif., on Thursday, April 10, 2025. (AP Photo/Damian Dovarganes, File)

UN's FAO: World Food Prices Increase in April

Global food commodity prices increased in April, driven by higher cereal, meat and dairy product prices that outweighed falls in sugar and vegetable oils, the…

Asharq Al Awsat
Business FILE PHOTO: The Bosphorus strait is pictured through the window of a passenger aircraft over Istanbul, Türkiye February 1, 2019. REUTERS/Murad Sezer/File Photo

Türkiye Says Trade Deficit Widened 21.7% in April

Türkiye's trade deficit widened 21.7% year-on-year to 12$ billion in April, Trade Minister Omer Bolat said on Friday. Exports stood at $20.9 billion in April,…

Asharq Al Awsat
Business Emirates Airline Boeing 777-300ER planes are seen at Dubai International Airport in the United Arab Emirates February 15, 2019. REUTERS/Christopher Pike/File Photo

Greece Signs Outline Deal with Emirates Airline to Boost Tourism

Greece has signed an outline deal with Dubai's Emirates that includes a codeshare agreement with Greek air carrier Aegean, the country's Tourism Ministry said…

Asharq Al Awsat
Business The Saudi capital, Riyadh (SPA)

Saudi Economy Overcomes Tariff Disruptions, Grows 2.7% in Q1 2025

Despite heightened global uncertainty stemming from the sweeping tariff policies imposed by US President Donald Trump since April, which have disrupted major…

Bandar al-Mosalam (Riyadh)
Business FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth//File Photo

Gold Rebounds from Two-week Low; US Jobs Data in Focus

Gold gained on Friday as investors rushed to buy the metal a day after its prices hit a two-week low amid receding trade tensions, while the market's focus…

Asharq Al Awsat
Business Asian markets largely rose Friday, tracking Wall Street gains and as China said it was considering a US offer to negotiate steep tariffs. JADE GAO / AFP/File

Asian Stocks Gain after China Teases US Tariff Talks

Asian markets largely rose Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs. US markets forged…

Asharq Al Awsat
Business Jihad Azour, Director of International Monetary Fund Middle East and Central Asia Department, speaks during a press conference at the 2025 annual IMF/World Bank Spring Meetings in Washington, D.C., US, April 24, 2025. REUTERS/Elizabeth Frantz

IMF Trims 2025 Middle East, North Africa Growth Forecast

The International Monetary Fund said on Thursday it now expects Middle East and North Africa economies to grow by just 2.6% in 2025 as uncertainties stemming…

Asharq Al Awsat (Dubai)
Business The Saudi and Peruvian delegations meet in Riyadh on Thursday. (SPA)

Saudi Arabia, Peru Discuss Cooperation in Mining Sector

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef met on Thursday with Peru’s Minister of Energy and Mines Jorge Cornejo and Minister of…

Business Syrian President Ahmed al-Sharaa (C) looks on as Joe Dakkak, the regional director of French shipping company CMA GGM, (L) and Latakia port director Ahmed Mustafa sign an agreement in Damascus on May 1, 2025. (AFP)

Syria Signs New 30-year Deal with French Shipping Giant CMA CGM

Syria on Thursday signed a 30-year deal with French shipping and logistics group CMA CGM that includes building a new berth at Latakia port and investing…

Business Azerbaijan’s Deputy Prime Minister, Samir Sharifov, speaks to Asharq Al-Awsat

Azerbaijan’s Deputy PM Says Establishing Partnership with Saudi Arabia to Export Green Energy to Europe

Azerbaijan’s Deputy Prime Minister, Samir Sharifov, has revealed a strategic partnership with Saudi Arabia to launch joint investments - both inside and…

Fatehelrahman Yousif (Riyadh)
Business  A housing project in Saudi Arabia (Asharq Al-Awsat)

Saudi Arabia Pushes Owners of White Land to Revive Properties, Boost Supply

Real estate experts have described the Saudi Cabinet's decision to amend the White Land Tax system as a significant shift in balancing the supply and demand of…

Mohammed al-Mutairi (Riyadh)