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 The discussions on Sunday aimed to support digital economy growth by leveraging technology to build sustainable economies

Saudi Communications Minister Discusses Expanding AI Partnership with UK Secretary of State for Science

Saudi Minister of Communications and Information Technology Abdullah Alswaha has met with UK Secretary of State for Science, Innovation, and Technology Peter…

Asharq Al Awsat (Riyadh)
Business FILE - Argentina's President Javier Milei arrives to speak at Mar-a-Lago, Nov. 14, 2024, in Palm Beach, Fla. (AP Photo/Alex Brandon, File)

Cryptocurrency Threatens Future of Argentine President

Argentine President Javier Milei could face an impeachment trial in Congress, opposition lawmakers said on Saturday, after the libertarian leader touted a…

Asharq Al Awsat (Buenos Aires)
Business SAMI to Showcase Cutting-Edge Innovations at Saudi Pavilion at IDEX 2025

SAMI to Showcase Cutting-Edge Innovations at Saudi Pavilion at IDEX 2025

The Saudi Arabian Military Industries (SAMI), a Public Investment Fund company, announced on Sunday its participation in the International Defense Exhibition…

Business This picture taken on February 13, 2025 shows steelworks of South Korea's largest steelmaker POSCO in Pohang. (AFP)

Trump Tariffs Loom Large in South Korea’s ‘Steel City’

Smoke billows from chimneys as factories churn in South Korea's steelmaking heartland, now under threat from Washington's swingeing new tariffs on the port…

Business  A Toyota Rav 4 Hybrid, which is assembled in Canada, is seen on display at the Canadian International AutoShow in Toronto, Ontario, Canada February 13, 2025. (Reuters)

Trump Tariffs Fuel US Auto Anxiety

A flood of presidential trade policy announcements has kept US automakers on edge since Donald Trump returned to the White House last month. While some…

Business  A woman takes photos near lanterns at the Lantern Festival during Yuanxiao, during the Lunar New Year in Beijing, Wednesday, Feb. 12, 2025. (AP)

China’s Central Bank Governor Says Stable Yuan Key to Global Financial Stability

China's central bank governor said on Sunday a stable yuan currency has been key to global financial and economic stability and Beijing will continue to let…

Business ROSHN Group Signs SAR1.5 Billion Agreements

ROSHN Group Signs SAR1.5 Billion Agreements

ROSHN Group, the Kingdom’s leading multi-asset class real estate developer and a PIF company, reinforced its commitment to fostering local content and driving…

Asharq Al Awsat
Business The Kingdom of Saudi Arabia has launched the NextWave Seafarers pilot project - SPA

Saudi Arabia, IMO Launch the NextWave Seafarers Project

The Kingdom of Saudi Arabia, through the Transport General Authority (TGA) and Bahri, has launched the NextWave Seafarers pilot project at the IMO headquarters…

Asharq Al Awsat
Business FILE PHOTO: The oil tanker Cordelia Moon bursts into flames after being hit by a missile in the Red Sea, off Yemen's Red Sea Port of Hodeidah, in this screengrab from a video released on October 1, 2024. Houthi Military Media/Handout via REUTERS

World Bank: Red Sea Crisis Raises Global Shipping Costs by 141%

The Red Sea crisis has emerged as a critical flashpoint of the conflict in the Middle East, upending global trade and maritime transport, port activity in the…

Asharq Al Awsat (Washignton)
Business The sun reflects off buildings in Beijing's central business district at sunset on February 13, 2025. (Photo by GREG BAKER / AFP)

Beijing to Facilitate Frequent Business Travelers with Visa Requirements

Beijing authorities will facilitate eligible business travelers with visa applications, with a letter provided to organizations inviting them to the Chinese…

Asharq Al Awsat
Business Through the National Renewable Energy Program, overseen by the Ministry of Energy, the Kingdom aims to achieve a storage capacity of up to 48 gigawatt-hours by 2030. (SPA)

Saudi Arabia Among World's Top 10 Global Markets in Energy Storage

Saudi Arabia has achieved a leading position among the top ten global markets in the field of battery energy storage, coinciding with the launch of the Bisha…

Business The MoU was signed during the 2025 World Governments Summit (WGS). WAM

Hamdan bin Mohammed Attends MoU Signing for Dubai Loop Project

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defense of the UAE, and Chairman of The…

Asharq Al Awsat (Dubai)
Business 13 February 2025, US, Washington: US President Donald Trump speaks during a press conference with Indian Prime Minister Narendra Modi (not pictured) in the East Room of the White House. Photo: Michael Brochstein/ZUMA Press Wire/dpa

Trump Threatens New Tariffs in Bid to Reshape Trade

US President Donald Trump has tasked his economics team with devising plans for reciprocal tariffs on every country that taxes US imports, raising the risk of…

Asharq Al Awsat
Business Smoke rises from power plant smokestacks at dusk in Chisinau, Moldova, 12 February 2025. (EPA)

Global Electricity Demand to Grow by 4% through 2027, IEA Says

Global electricity demand is expected to grow by more than the total consumption of Japan each year through 2027, but the expansion of low-emissions energy…

Business SAP’s commitment to Saudi Arabia dates back to 2012, when the company invested $500 million to establish a robust enterprise technology ecosystem in the region. (SAP)

SAP to Asharq Al-Awsat: Saudi Arabia Is Now Home to One of Our Largest Global Investments

Saudi Arabia is accelerating AI adoption across various sectors, enabling businesses to harness data-driven insights, enhance efficiency, and scale operations…

Nassim Ramadan (Riyadh)
Business An engineer at Ceer (company website)

Saudi ‘Ceer’ to Unveil First Electric Car Models by End of 2025

Saudi electric vehicle maker Ceer, owned by the Public Investment Fund (PIF), plans to unveil its first two electric models—the Sedan and E-Class SUV—in late…

Ayat Nour (Riyadh)
Business A night view of Riyadh, Saudi Arabia. (SPA)

Royal Commission for Riyadh City Announces 'Riyadh Creative District'

The Board of Directors of the Royal Commission for Riyadh City (RCRC) announced the launch of the “Riyadh Creative District,” a transformative initiative that…

Business Saudi Minister of Economy and Planning Faisal Alibrahim - SPA

Saudi Arabia to Invest $1 Trillion in Infrastructure by 2030, Economy Minister Says

Saudi Minister of Economy and Planning Faisal Alibrahim stated that Saudi Arabia's non-oil sector is poised for substantial growth by 2026, driven by the…

Asharq Al Awsat
Business An Egyptian flag flutters in Cairo, Egypt, January 15, 2023. REUTERS/Mohamed Abd El Ghany/File Photo

Egypt's Zohr Gas Field to Begin Production within Weeks after Drilling Resumed

Egypt's giant Zohr gas field will start production after resuming drilling within weeks, Prime Minister Mostafa Madbouly said on Thursday. He also said that…

Asharq Al Awsat
Business Saudi Minister of Finance Mohammed Al-Jadaan (SPA)

Saudi Finance Minister Participates in World Governments Summit, 9th Arab Fiscal Forum

Saudi Minister of Finance Mohammed Al-Jadaan has participated in the World Governments Summit and the Ninth Arab Fiscal Forum, held from February 10 to 13 in…

Asharq Al Awsat
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 Rises on Trade War Jitters; Focus Now on US PPI Data

Gold rose on Thursday, supported by a weaker US dollar and growing worries over US President Donald Trump's tariff plans, which could heighten global trade…

Asharq Al Awsat
Business An oil pump of IPC Petroleum France is seen during sunset outside Soudron, near Reims, France, February 6, 2023. REUTERS/Pascal Rossignol/File Photo

Oil Prices Fall on Potential Ukraine Peace Talks

Oil prices fell more than 1% on Thursday as a potential peace deal between Russia and Ukraine continued to exert downward pressure, along with rising crude…

Asharq Al Awsat
Business Model of natural gas pipeline and EU flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

EUROPE GAS-Prices Edge Lower for 3nd Session Ukraine Peace Prospects Dominate

Dutch and British wholesale gas prices on Thursday extended their decline from Tuesday's two-year high as the market watched for further developments on…

Asharq Al Awsat
Business This combination of pictures created on February 13, 2025 shows the logo of Honda Motor (L) taken on February 6, 2025 at the company's showroom in Tokyo and the logo of Nissan Motor (R) being displayed at the company's showroom in Tokyo on February 13, 2025. (Photo by Kazuhiro NOGI / AFP)

Honda, Nissan and Mitsubishi Drop Talks on Business Integration

Japanese automakers Honda, Nissan and Mitsubishi said Thursday they are ending talks on business integration. Nissan Chief Executive Makoto Uchida said the…

Asharq Al Awsat