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 King Abdullah Financial Center in Riyadh (Asharq Al-Awsat)

Saudi Arabia Reviews Arbitration Law to Boost Commercial Competitiveness

In a move to strengthen its commercial environment and align with international best practices, Saudi Arabia’s Ministry of Commerce is undertaking a…

Bandar al-Mosalam (Riyadh)
Business Sherif Fathy, Egypt’s Minister of Tourism and Antiquities, at the Egyptian pavilion during the Arabian Travel Market in Dubai (Asharq Al-Awsat)

Egypt’s Tourism Minister: Stability, Trust Are Driving Sector Growth

Egypt’s Minister of Tourism and Antiquities, Sherif Fathy, has underscored that political stability and decades of built-up trust among international travelers…

Mosaed al-Zayani (Dubai)
Business Saudia aims to connect international visitors with the Kingdom, highlighting Aseer's cultural and heritage sites. SPA

Saudia Signs Deal to Boost Tourism in Saudi Arabia's Aseer Region

Saudia Airlines and the Aseer Development Authority have signed an agreement to promote tourism in Aseer Region, a prominent destination in Saudi Arabia. The…

Asharq Al Awsat (Abha)
Business A crane prepares to load a container on a Seaboard ship docked at the Red Hook Container Terminal on April 30, 2025, in New York City. Michael M. Santiago/Getty Images/AFP

US Reaching Out to China for Tariff Talks, Beijing State Media Says

United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and global supply chains, a Beijing…

Asharq Al Awsat
Business President Donald Trump speaks during a cabinet meeting at the White House, Wednesday, April 30, 2025, in Washington. (AP Photo/Evan Vucci)

US Economy Shrinks 0.3% in 1st Quarter as Trump Says 'Be Patient'

US President Donald Trump said on Wednesday that Americans should be patient in the face of a first quarter economic contraction, arguing that his tariffs…

Asharq Al Awsat
Business General Authority for Statistics (GASTAT) logo

GASTAT: Saudi Non-Oil Exports Rose by 13.1% in 2024

Saudi Arabia’s General Authority for Statistics (GASTAT) said in the 2024 International Trade Statistics Bulletin that there was an 13.1% increase in non-oil…

Asharq Al Awsat (Riyadh)
Business Residential and commercial properties in the Saudi capital Riyadh (Reuters)

Riyadh Real Estate Awaits Impact of Measures to Curb Price Surge

The Saudi real estate market is currently in a state of cautious anticipation, driven by unprecedented decisions and measures announced by Crown Prince…

Mohammed al-Mutairi (Riyadh)
Business FILE PHOTO: Gold bangles are displayed at a jewellery store in Mumbai, India, March 20, 2025. REUTERS/Francis Mascarenhas/File Photo

WGC: Gold Investment Hits 3-year High in 1st Quarter on Trade Turmoil

Global gold demand including over-the-counter (OTC) trading rose by 1% year-on-year to 1,206 metric tons in the first quarter of 2025 as investment jumped 170%…

Asharq Al Awsat
Business The meetings in Kuwait were aimed at strengthening bilateral economic ties and supporting industrial integration. SPA

Saudi Industry Minister Discusses Economic Partnership, Industrial Integration with Kuwaiti Ministers

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef, during his visit to Kuwait, has met separately with Kuwaiti Minister of Commerce and…

Asharq Al Awsat (Kuwait)
Business Saudi Arabia’s participation in the Arabian Travel Market (Asharq Al-Awsat) 

Gulf States Expand Tourism Footprint as Emerging Markets Gain Momentum at Arabian Travel Market in Dubai

Emerging tourism markets are carving out space on the global travel map, drawing attention for their dynamic participation at the Arabian Travel Market (ATM)…

Asharq Al Awsat (Dubai )
Business Mazen bin Ahmed Al-Turki, Acting President of the Saudi Ports Authority (Mawani), and Ali Sultan Al-Qahtani, Chairman of Sultan Logistics, during the signing of the agreement. (Mawani)

Saudi Ports Authority Signs $53 Million Deal to Establish Logistics Zone at Dammam Port

Saudi Arabia’s Ports Authority (Mawani) signed an agreement with Sultan Logistics to develop a new logistics zone at King Abdulaziz Port in Dammam, in the…

Asharq Al Awsat (Dammam)
Business Minister of Municipal and Rural Affairs and Housing Majed Al-Hogail speaks at the press conference. (SPA) 

Al-Hogail: 70,000 New Housing Units Planned for Riyadh, Starting at $66,000  

Saudi Arabia is intensifying efforts to meet housing demands as part of its Vision 2030 goals in a continued push to provide stability and prosperity for…

Asharq Al Awsat (Riyadh)
Business Emir of Qatar Sheikh Tamim bin Hamad Al Thani at the inauguration of two strategic solar power projects in Ras Laffan and Mesaieed. (X)

Emir of Qatar: Inauguration of Two Solar Projects Part of Transition to Renewable Energy

Emir of Qatar Sheikh Tamim bin Hamad Al Thani inaugurated on Monday two strategic solar power projects in Ras Laffan and Mesaieed with a combined capacity of…

Asharq Al Awsat (Doha)
Business The Shaybah oil field (Aramco website) 

China’s Sinopec Signs Joint Venture Agreement with Saudi Aramco Worth $4 Billion

China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company aimed at operating ports,…

Asharq Al Awsat (Beijing)
Business A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, DC, US, November 24, 2024. REUTERS 

IMF to Hold Conference on MENA in Cairo

The International Monetary Fund (IMF) will hold the first annual Research Conference on the Middle East and North Africa (MENA) in Cairo, the global…

Asharq Al Awsat (Washington)
Business Officials are seen at the forum on Monday. (SPA)

Riyadh Hosts Saudi-Egyptian Industrial Forum

The Saudi-Egyptian Industrial Forum kicked off in Riyadh on Monday under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef. The…

Business Riyadh Air aircraft. (SPA)

Riyadh Air Willing to Buy Boeing Planes from Cancelled Chinese Orders

Riyadh Air CEO Tony Douglas on Monday said that the Saudi startup carrier would be ready to buy Boeing aircraft destined for Chinese airlines if they are not…

Asharq Al Awsat
Business An agricultural farm in Saudi Arabia (SPA)

Saudi Arabia Boosts Food Security

Saudi Arabia is accelerating efforts to strengthen food security, a strategic objective rooted in the Kingdom’s founding and shaped by its desert geography and…

Asharq Al Awsat (Riyadh)
Business  A solar energy project in Saudi Arabia (SPA) 

Vision 2030 Sets Saudi Arabia on the Path to Energy Sustainability, Emissions Reduction

For decades, Saudi Arabia heavily relied on traditional energy sources as a cornerstone of its national energy mix. This reliance led to significant fossil…

Asharq Al Awsat (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 Falls as Easing US-China Tensions Curb Safe-haven Demand

Gold retreated on Monday as easing US-China trade tensions boosted investors' risk appetite and dented demand for safe-haven assets such as bullion, while a…

Asharq Al Awsat
Business Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi

Albudaiwi: Advantage Oman Forum Offers Valuable Investment Insights

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi said that the Advantage Oman Forum is a valuable opportunity offered by Oman to…

Asharq Al Awsat
Business The CMA CGM Greenland container ship is seen at sea with Paris 2024 and the Olympic rings on it during the Olympics torch relay ahead Paris 2024 Olympic games, in Marseille, France, May 9, 2024. REUTERS/Benoit Tessier/File Photo

Egypt to Auction $950 million in One-year Dollar T-bills on April 28, Central Bank Says

Egypt is set to auction $950 million in one-year dollar treasury bills on April 28 to be settled the following day, the central bank said on Sunday, Reuters…

Asharq Al Awsat
Business The CMA CGM Greenland container ship is seen at sea with Paris 2024 and the Olympic rings on it during the Olympics torch relay ahead Paris 2024 Olympic games, in Marseille, France, May 9, 2024. REUTERS/Benoit Tessier/File Photo

French CMA CGM to Acquire Turkish Borusan's Logistics Subsidiary in $440 mln Deal

French shipping giant CMA CGM's subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan's logistics arm, Borusan Tedarik…

Asharq Al Awsat
Business People walk in the Central Business District (CBD) area in Beijing in Beijing, China, 24 April 2025.  EPA/WU HAO

China Issues Tax Refund Policies for Foreign Tourists to Boost Inbound Consumption

China said on Sunday it will improve tax refund policies for foreign tourists to boost inbound consumption, part of efforts to boost the economy as domestic…

Asharq Al Awsat