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 An Hydrogen H2 logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo

Industries in Oman, Netherlands, Germany Strike Deal for Liquid Hydrogen Import Corridor

Major industrial groups from Oman, the Netherlands and Germany have signed an agreement for the development of the world’s first liquid hydrogen import…

Asharq Al Awsat
Business  The Kingdom's trade surplus with Arab League countries, including the GCC, significantly increased to SAR30,461 billion in Q4 2024 -File Photo

Saudi Arabia's Arab League Trade Exceeds SAR87 Billion in Q4 2024

Saudi Arabia's trade with Arab League nations, including the Gulf Cooperation Council (GCC), reached SAR87,768 billion in the fourth quarter of 2024,…

Asharq Al Awsat
Business People walk past a clothing shop in Beijing on April 16, 2025. (AFP)

China’s Economy Grows at a 5.4% Annual Pace in Jan-March Quarter 

China's economy expanded at a 5.4% annual pace in January-March, supported by strong exports ahead of US President Donald Trump’s rapid increases in tariffs on…

Business Vendors work at vegetable stalls at a market in Beijing on April 16, 2025. (AFP)

China Unexpectedly Anoints New Trade Negotiator Amid US Tariff War 

China on Wednesday unexpectedly appointed a new trade negotiator key in any talks to resolve the escalating tariff war with the US, replacing veteran trade…

Business A night view of the Saudi capital Riyadh. (SPA)

Saudi Arabia Looks to Cambodia to Diversify Rice Imports

In a strategic move to diversify its food import sources and stabilize domestic markets, Saudi Arabia is encouraging the private sector to begin importing rice…

Bandar al-Mosalam (Riyadh)
Business White House Press Secretary Karoline Leavitt takes a question during a daily press briefing. (AFP)

Trump on Trade Talks with Beijing: Ball in China's Court

US President Donald Trump believes it is up to China, not the United States, to come to the negotiating table on trade, the White House said Tuesday. “The…

Asharq Al Awsat (Washington)
Business A general view of Riyadh, Saudi Arabia. (Reuters file)

Fitch: Trump Tariffs to Have Limited Impact on Gulf Banks

Credit rating agency Fitch Ratings expected that the US tariffs introduced by President Donald Trump will have only a limited direct impact on banks in the…

Asharq Al Awsat (London)
Business Saudi Arabia Boosts Strategic Partnership with Indonesia in Mining, Food, Pharmaceutical Industries

Saudi Arabia Boosts Strategic Partnership with Indonesia in Mining, Food, Pharmaceutical Industries

Minister of Industry and Mineral Resources Bandar Alkhorayef is leading a high-level delegation from the Kingdom’s industry and mining ecosystem on an official…

Asharq Al Awsat
Business A view shows Lebanon's Central Bank building in Beirut, Lebanon January 12, 2023. (Reuters)

Lebanon Hopes to Meet Foreign Bondholders in Coming Year, Finance Minister Says

Lebanese officials hope to meet international bondholders to talk about restructuring debt in the next 12 months but are not planning any meetings at the World…

Asharq Al Awsat
Business A logo of Türkiye's Central Bank is pictured at the entrance to its headquarters in Ankara, Türkiye February 8, 2024. REUTERS/Cagla Gurdogan/File Photo

Turkish Central Bank 2024 Loss Around $18 billion

Türkiye 's central bank posted a loss of 700.4 billion lira ($18.4 billion) in 2024, according to its balance sheet published in the Official Gazette on…

Asharq Al Awsat
Business A teller counts US dollar bank notes at a money changer in Jakarta, Indonesia, April 9, 2025. Picture taken through glass. REUTERS/Willy Kurniawan/File Photo

Dollar Drifts as Traders Grapple with Tariff Uncertainty, Volatility

The dollar wobbled on Tuesday, languishing near a three-year low against the euro and a six-month trough against the yen it hit last week, as investors…

Asharq Al Awsat
Business A jeweller shows a gold bar at his shop in downtown Kuwait City on May 20, 2024. (Photo by YASSER AL-ZAYYAT / AFP)

Gold Rises as Investors Seek Safety amid Uncertainty on Trump Tariffs

Gold prices rose on Tuesday as investors continued to flock to the safe-haven asset amid uncertainty surrounding US President Donald Trump's tariff plans,…

Asharq Al Awsat
Business Finance Minister Choi Sang-mok, who serves concurrently as deputy prime minister for economic affairs, speaks during a meeting of economy-related ministers at the government complex in Seoul, South Korea, 11 April 2025. (EPA/Yonhap) 

South Korea Aims to Delay US Tariffs in Talks, Cooperate in Mutual Areas 

South Korea will seek to delay the implementation of tariffs as long as possible in negotiations with the United States, its finance minister said on Tuesday,…

Business A sign for Indonesia's sovereign wealth fund Danantara is seen in front of its headquarters in Jakarta, Indonesia, February 28, 2025. (Reuters) 

Indonesia, Qatar to Create $4 Bln Joint Fund Investing in Indonesia 

Sovereign wealth fund Danantara Indonesia said it will form a $4 billion joint fund with the Qatar Investment Authority that will focus on investment in…

Business A general view of oil tanks located near the Teltowkanal canal in Berlin, Germany, 10 April 2025. (EPA)

Oil Edges up on Potential US Tariff Exemptions on Cars, Pick-up in China Crude Imports 

Oil prices inched higher on Tuesday, supported by new tariff exemptions floated by US President Donald Trump and a rebound in China crude oil imports in…

Business The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)

Saudi Arabia Calls for Global Water Cooperation to Advance Integrated Management

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday with the participation of top scientists, experts, decision…

Business The Saudi and American delegations meet at the Ministry of Industry and Mineral Resources on Sunday. (SPA)

Saudi Mineral Resources Minister, US Energy Secretary Discuss Strengthening Strategic Cooperation 

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held official talks on Sunday with US Secretary of Energy Chris Wright as part of his…

Business Japanese Prime Minister Ishiba Shigeru speaks at a joint press briefing after his meeting with NATO Secretary General Mark Rutte (not pictured) at the Prime Minister's Office in Tokyo, Japan, April 9, 2025. (Reuters)

Japan Says No Plan for Big Concessions in Talks on US Tariffs 

Japanese Prime Minister Shigeru Ishiba said on Monday his country does not plan to make big concessions and won't rush to reach a deal in upcoming tariff…

Business 12 April 2025, US, Miami: President of the United States of America Donald J. Trump greets fans at UFC 314 at the Kaseya Center in Miami, Florida. Photo: Alejandro Salazar/ZUMA Press Wire/dpa

Trump Warns No Country 'Off the Hook' on Tariffs

US President Donald Trump warned Sunday that no country would be "getting off the hook" on tariffs, as his administration suggested exemptions seen as favoring…

Asharq Al Awsat
Business Representation photo: Pumpjacks are seen in oilfields along Highway 33, known as the Petroleum Highway, west of Buttonwillow, Kern County, California on April 9, 2025. (Photo by Frederic J. BROWN / AFP)

Oil Rises on Rebound in China's Imports, But Trade War Concerns Persist

Oil prices edged up on Monday after Chinese data showed a sharp rebound in crude imports in March, although concerns that the escalating trade war between the…

Asharq Al Awsat
Business Iraqi Oil Minister Hayyan Abdul Ghani witnesses the signing of a deal to establish a subsea oil pipeline for exports via its southern ports (INA) 

Iraq Signs Contract to Construct Offshore Crude Export Pipeline With 2.4 Million Bpd Capacity

The Iraqi Oil Ministry said on Sunday that Baghdad has signed a deal to establish a subsea oil pipeline for exports via its southern ports. The project is…

Asharq Al Awsat (Baghdad)
Business Qatar National Bank Group (QNA) 

Qatar National Bank Completes Unsecured $2 bn Inaugural Asian Syndicated Loan

Qatar National Bank (QNB) Group, a Qatari public company, announced on Sunday the successful closing of a $2 billion unsecured syndicated term loan facility,…

Asharq Al Awsat (Doha)
Business US Energy Secretary Chris Wright speaks at the press conference in the Saudi capital Riyadh. Photo: Turki al-Aqaili

US Energy Secretary Says Riyadh and Washington to Sign Civil Nuclear Agreement

The United States and Saudi Arabia will sign a preliminary agreement on energy cooperation and civilian nuclear technology, US Energy Secretary Chris Wright…

Abeer Hommadi (Riyadh)
Business The two sides discussed strengthening bilateral cooperation across multiple energy fields. SPA

Saudi Energy Minister Meets US Counterpart to Discuss Strengthening Energy Cooperation

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz has met with US Secretary of Energy Chris Wright as part of his official visit to the…

Asharq Al Awsat (Riyadh)