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: US President Donald Trump returns a salute as he steps from Air Force One to tour the Boeing South Carolina facility in North Charleston, South Carolina, US, February 17, 2017. REUTERS/Kevin Lamarque/File Photo

Trump Adds Lumber to List of Goods Facing Tariffs Over 'Next Month or Sooner'

US President Donald Trump said on Wednesday he will announce fresh tariffs over the next month or sooner, adding lumber and forest products to previously…

Asharq Al Awsat
Business The General Council of the World Trade Organization (WTO) unanimously appointed Permanent Representative of Saudi Arabia to the WTO Saqer bin Abdullah Al-Moqbel as its president for the 2025–2026 term. (SPA)

Saudi Arabia Assumes WTO General Council Presidency for 2025–2026

The General Council of the World Trade Organization (WTO) has unanimously appointed Permanent Representative of Saudi Arabia to the WTO Saqer bin Abdullah Al…

Business An Etihad Airways plane lands at Heathrow during Storm Isha in London, Britain, January 22, 2024. REUTERS/Matthew Childs/File Photo

Abu Dhabi's Long-haul Carrier Etihad Airways Sees Record $476 ml Profit in 2024

Long-haul carrier Etihad Airways announced Wednesday it made a record $476 million profit in 2024, part of a financial rebound for the Abu Dhabi-based airline…

Asharq Al Awsat
Business Oil Edges Higher on Supply Concerns While Market Seeks Peace Talks Clarity

Oil Edges Higher on Supply Concerns While Market Seeks Peace Talks Clarity

Oil prices edged up on Wednesday, buoyed by concern over oil supply disruptions in Russia and the US while the market awaits clarity on sanctions as the US…

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

Dollar Rises as Traders Mull Ukraine Peace Talks, Trump Tariffs

The dollar strengthened against a range of currencies but slipped against the yen on Wednesday, as traders focused on talks over a Ukraine ceasefire and…

Asharq Al Awsat
Business A currency dealer counts Iranian rials as the value of the rial drops, in Tehran, Iran, February 9, 2025. Majid Asgaripour/WANA (West Asia News Agency) via Reuters

Iran Lawmakers Move to Sack Country’s Economy Minister as Rial Plunges 

Iran’s parliament on Wednesday received a motion from lawmakers seeking to dismiss Economy Minister Abdolnaser Hemmati amid a sharp decline in the national…

Business The Financial Markets Forum 2025 kicked off in Riyadh under the theme “Empowering the Future of Financial Markets”. (Financial Markets Forum 2025)

Saudi Arabia Leads Global Market Growth in 2024 with Over 55 Listings

Saudi Arabia’s stock market has emerged as the fastest-growing in the world in 2024, with over 55 initial public offerings (IPOs) across various sectors. This…

Asharq Al Awsat (Riyadh)
Business  Officials are seen at Egypt’s international Energy Show (EGYPES 2025). (Asharq Al-Awsat)

Cyprus Says Egypt’s Infrastructure Helps Unlock Potential of Its Gas Reserves

Cypriot Energy Minister George Papanastasiou said Egypt's energy infrastructure helps Cyprus make the most of its gas reserves. Speaking at Egypt’s…

Sabri Najeh (Cairo)
Business The pavilion of the Saudi Tadawul Group is seen at an exhibition. (Asharq Al-Awsat)

Saudi Arabia Launches 'Edaa Connect' to Streamline Access to Investment Funds

The Securities Depository Center, part of the Saudi Tadawul Group, has launched Edaa Connect, a platform designed to enhance access to investment opportunities…

Asharq Al Awsat (Riyadh)
Business The Ministry of Industry and Mineral Resources building in Saudi Arabia. (SPA)

Saudi Arabia Allocates 3 Mining Complexes in Eastern and Madinah Regions

Saudi Arabia’s Ministry of Industry and Mineral Resources has designated three sites for mining complexes in the Eastern and Madinah regions. This initiative…

Asharq Al Awsat (Riyadh)
Business New trucks crowd a parking lot at the GM assembly plant in Oshawa, Ontario, Canada September 24, 2019. (Reuters)

Trump Says He Will Introduce 25% Tariffs on Autos, Pharmaceuticals and Chips 

US President Donald Trump said on Tuesday he intends to impose auto tariffs "in the neighborhood of 25%" and similar duties on semiconductors and…

Business The logo of French gas and power group Engie is seen on the company tower at La Defense business and financial district in Courbevoie, near Paris, France. May 16, 2018. (Reuters)

Saudi Arabia's ACWA Power to Buy Engie’s Share in Kuwait and Bahrain Assets 

Saudi Arabia's ACWA Power plans to buy stakes in assets in Kuwait and Bahrain worth $693 million from French utility developer Engie, the companies said in a…

Business Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo

Gold Extends Gains as Trump Tariffs Fuel Safe Haven Flows

Gold prices rose for a second straight session on Tuesday, but traded below the recent all-time highs, as uncertainty around US President Donald Trump's tariff…

Asharq Al Awsat
Business FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown, File)

Oil Prices Reset as Supply Uncertainty Reigns

Oil lost early gains on Tuesday and prices were back near their previous close in the face of uncertainty over how supply will be affected by Ukraine-Russia…

Asharq Al Awsat
Business A chimney is seen at the Keihin Industrial Zone as Mount Fuji (background L), Japan's highest mountain at 3,776 meters (12,388 feet), looms in the background as viewed from the observation deck of Kawasaki Marien in Kawasaki on January 24, 2022. (AFP)

Japan Sets New 2035 Emissions Cut Goal 

Japan Tuesday pledged to slash greenhouse gas emissions by 60 percent in the next decade from 2013 levels but climate campaigners said the target fell short of…

Business The deal includes the development of energy services companies and promotion of infrastructure for energy efficiency improvement projects. Photo: Egyptian petroleum ministry

Egypt, Saudi Arabia Sign Agreement to Enhance Cooperation in Energy Efficiency

Egypt and Saudi Arabia have signed an executive plan aimed at enhancing cooperation in the field of energy efficiency. Under the executive plan, both…

Asharq Al Awsat (Cairo)
Business Saudi Finance Minister Mohammed Al-Jadaan (AlUla Conference for Emerging Market Economies)

AlUla Conference Amplifies Emerging Economies’ Global Voice

The “AlUla Conference for Emerging Market Economies” was held at a crucial time, as the world and the region face significant economic, technological, and…

Hala Saghbini (AlUla)
Business Albudaiwi spoke at the 9th meeting of the GCC ministers of tourism in Kuwait. Photo: GCC

GCC Secretary-General: 68 Million Tourists Visited Gulf Countries in 5 Years

Gulf Cooperation Council Secretary-General Jasem Albudaiwi has said that the number of tourists arriving in the Gulf countries between 2019 and 2023 reached 68…

Asharq Al Awsat (Kuwait)
Business The Saudi pavilion is showcasing the latest technologies and advanced systems, underscoring the significant progress the Kingdom has made in localizing military industries, in alignment with the objectives of Saudi Vision 2030. (SPA)

Saudi Arabia Unveils Pavilion at International Defense Exhibition and Conference in UAE

The activities of the Saudi pavilion, organized by the General Authority for Military Industries (GAMI), kicked off on Monday at the International Defense…

Business The logo of Italian energy company Eni is seen at a gas station in Rome, Italy August 16, 2018. (Reuters)

Egypt, Cyprus Sign Gas Export Deals, Boosting Eastern Mediterranean Energy Cooperation

Egypt and Cyprus signed agreements on Monday enabling the export of gas from Cyprus's offshore fields to Egypt for liquefaction and re-export to Europe, as…

Business 01 February 2025, Indonesia, Bandung: In this photo illustration, China Artificial Intelligence Deepseek Website and logo is displayed on a smartphone with Flag Of China in the background. Photo: Algi Febri Sugita/ZUMA Press Wire/dpa

China's Xi Holds Rare Meeting with Business Leaders amid Slowing Economy, US Tensions

Chinese President Xi Jinping held a rare meeting on Monday with some of the biggest names in China's technology sector, including Alibaba founder Jack Ma, in…

Asharq Al Awsat
Business FILE PHOTO: Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo

BP Starts Production at Second Phase of Egypt's Raven Field

British energy giant, BP, announced on Sunday the start of production from the second development phase of the Raven field, offshore Egypt, which involves the…

Asharq Al Awsat (Cairo)
Business A general view of the city of Kuwait (Reuters)

Kuwait, China Sign Contract for Mubarak Al-Kabeer Port Study and Design

Kuwait's Ministry of Public Works said on Sunday it signed a contract with a subsidiary of the Chinese Ministry of Transport to conduct studies, design plans,…

Asharq Al Awsat (Kuwait)
Business IMF Managing Director Kristalina Georgieva and Saudi Finance Minister Mohammed Al-Jadaan (AlUla Conference)

AlUla Conference: Cooperation Among Emerging Markets to Address Global Uncertainty

Global economic uncertainty took center stage at the AlUla Conference for Emerging Market Economies, which brought together finance ministers, central bank…

Hala Saghbini (AlUla)