Business

Saudi Arabia Offers 100% Social Insurance Debt Waiver to Businesses That Have Exited Market

Business Officials from the General Organization for Social Insurance at an earlier meeting with businessmen and businesswomen at the Riyadh Chamber (SPA)

Saudi Arabia Offers 100% Social Insurance Debt Waiver to Businesses That Have Exited Market

Saudi Arabia's General Organization for Social Insurance (GOSI) has made businesses that have ceased operations and exited the Saudi market eligible for a 100%…

Bandar al-Mosalam (Riyadh)
Business A general view shows Ras Tanura's oil production plant near Dammam in Saudi Arabia's Eastern Province (AFP)

From Aramco's Profits to State Budget Revenue: How Do Oil Proceeds Reach Government Coffers?

Saudi Aramco's financial results and Saudi Arabia's third-quarter budget performance report, released on the same day, revealed a divergence between the…

Hala Saghbini (Riyadh)
Business Representation of cryptocurrencies are seen in this illustration taken September 10, 2025. (Reuters)

Crypto Dips on Democrat Midterm Wins, Binance Hack Dents Optimism

Cryptocurrencies briefly dipped on Wednesday as Democrats won majorities in both the Senate and House in the US midterm elections, a potential blow to an…

Business A view of Riyadh, Saudi Arabia. (Getty Images file)

Saudi Non-Oil Sector Expands for Seventh Straight Month

Saudi Arabia’s non-oil private sector continued to expand in October, with business activity and output growth accelerating despite a decline in the Riyad Bank…

Asharq Al Awsat (Riyadh)
Business  A general view of Riyadh city during the early hour of evening at Riyadh, Saudi Arabia, May 28, 2025. (Reuters)

Growth in Non-Oil Revenue Bolsters Saudi Budget Resilience

Saudi Arabia’s non-oil revenue surpassed oil revenue in the third quarter of 2026 for the first time since 2020, highlighting progress in diversifying…

Bandar al-Mosalam (Riyadh)

Business A worker refuels a car at a gas station in Caracas on September 3, 2026. (AFP)

Oil Set for Steepest Weekly Gain Since Mid-July, Fueled by US-Iran Clashes

Oil prices rose on Friday, heading for their steepest weekly gain since mid-July, as rising tension and renewed US-Iran hostilities heightened concerns over…

Business LEAP 2026 witnessed global technology and investment momentum that strengthened the Kingdom's position as a leading center for the digital economy and artificial intelligence (AI). (SPA)

LEAP 2026 Concludes with Nearly $15 Billion in Investments, Agreements; 2027 Edition Set for April

LEAP 2026 concluded its fifth edition on Thursday, organized by the Ministry of Communications and Information Technology (MCIT), the Saudi Federation for…

Asharq Al Awsat
Business King Abdullah Financial District (KAFD) in Riyadh

Saudi Debt Market Gathers Pace as Sovereign, Bank and Corporate Borrowing Converges

Saudi Arabia’s debt market is seeing growing activity as the government, banks and companies tap international markets simultaneously, highlighting their…

Abeer Hommadi (Riyadh)
Business Saudi Water Authority President Abdullah Al-Abdulkarim, left, accompanies Environment, Water and Agriculture Minister Abdulrahman Al-Fadley on a tour of the event’s facilities. (Asharq Al-Awsat)

Saudi Arabia Targets 18 Water Products in Supply Security, Export Push

Saudi Arabia is moving to localize 18 strategic water-sector products in a drive to secure critical supplies, cut reliance on foreign supply chains and build…

Bandar al-Mosalam (Riyadh)
Business Traders work on the floor of the New York Stock Exchange during morning trading on September 02, 2026 in New York City. (Getty Images/AFP)

‘Nomura’ to Asharq Al-Awsat: Bond Yields Reshape Region’s Cost of Capital

Global debt markets are entering a new era of higher borrowing costs, with US, Japanese and British bond yields climbing to levels not seen in years amid three…

Hala Saghbini (Riyadh)
Business More than 145 countries have confirmed their participation in Expo 2030 Riyadh - SPA

Bahrain Signs Participation Contract for Expo 2030 Riyadh

The Kingdom of Bahrain has signed its Participation Contract for Expo 2030 Riyadh, marking a new phase in preparations for its participation in the World Expo…

Asharq Al Awsat
Business Central Bank of Egypt building (The AP)

Egypt Plans $3 Billion Bond Issuances in 2026-27

Egypt's cabinet said on Thursday it had approved a plan to raise around $3 billion through international bond issuances in the financial year 2026-27. The…

Asharq Al Awsat
Business __AFP_Saudi and Foreign investors stand in front of the logo of Saudi state oil giant Aramco during the 10th Global Competitiveness Forum

Saudi Arabia’s Energy Sector Diversifies Its Growth Drivers

The performance of Saudi Arabia’s energy sector is no longer tied solely to oil price movements. Financial results for the first half of 2026 showed an…

Mohammed al-Mutairi (Riyadh)
Business A drone view shows the Imperial Oil refinery in Sarnia's Chemical Valley industrial corridor in Sarnia, Ontario, Canada, September 2, 2026. REUTERS/Carlos Osorio

Oil Falls from Recent Highs as Investors Weigh Uncertainty over US-Iran Strikes

Oil prices edged lower on Thursday as investors weighed the uncertainty of renewed military strikes between the US and Iran that risk disrupting supplies from…

Asharq Al Awsat
Business People shop at a fresh food market in Istanbul (Reuters)

Turkish August Monthly Inflation at 1.84%, Just Below Forecast

Turkish consumer price inflation rose to 1.84% month-on-month in August, just below expectations, while the annual figure was 31.51%, data from the Turkish…

Asharq Al Awsat
Business The Saudi Vision 2030 exhibition, participating in LEAP 2026, offers visitors an immersive experience showcasing the transformations the vision has led since its launch in 2016. (SPA)

Saudi Vision 2030 Exhibition at LEAP 2026 Highlights Transformation Journey

The Saudi Vision 2030 exhibition, participating in LEAP 2026, offers visitors an immersive experience showcasing the transformations the vision has led since…

Asharq Al Awsat
Business The MoU was signed on the sidelines of LEAP 2026 in Riyadh. (SABIC)

SABIC, Lenovo Sign MoU to Explore Cooperation Opportunities

Saudi Basic Industries Corporation (SABIC) signed a memorandum of understanding (MoU) with global technology company Lenovo on the sidelines of LEAP 2026 in…

Business Austrian State Secretary at the Federal Chancellery for Digital Affairs, Constitution and Public Service Alexander Pröll, LL.M., and Saudi Minister of Communications and Information Technology Abdullah Alswaha at LEAP 2026 in Riyadh. (Asharq Al-Awsat)

Austria Seeking Digital Partnerships, Joint Investments with Saudi Arabia

Saudi-Austrian relations are heading toward a new phase that transcends political and diplomatic cooperation into viable commercial and research partnerships,…

Fatehelrahman Yousif (Riyadh)
Business In this file photo taken on Jan. 26, 2022, the Chevron logo is displayed at a gas station in El Segundo, California. (AFP/Getty Images)

Chevron Expands Venezuela Bet with $7 Billion Plan to Double Output in Five Years

Chevron will invest more than $7 billion to double its crude output from Venezuela to about 600,000 barrels per day in the next five years, as part of a plan…

Business Pipes at the landfall facilities of the “Nord Stream 1” gas pipeline are pictured in Lubmin, Germany, March 8, 2022. (Reuters)

Winter Tests European Energy Security... Algeria Advances to the Forefront

Europe is approaching winter facing a more complex gas equation than in previous years: lower-than-usual inventories, prices that have surged to levels the…

Hala Saghbini (Riyadh)
Business A man walks past a gold shop in Istanbul's Grand Bazaar (AFP)

Gold Hits Over 3-week Low as Mideast Tensions Fan Rate-hike Fears

Gold fell to its lowest in more than three weeks on Wednesday as the escalating Middle East conflict lifted oil prices, stoking inflation and rate-hike fears,…

Asharq Al Awsat
Business Saudi Energy has signed three strategic agreements to support digital infrastructure for data and artificial intelligence (AI) centers in the Kingdom of Saudi Arabia. (SPA)

LEAP 2026: Saudi Energy Signs Deals to Support Digital Infrastructure for Data, AI Centers

Saudi Energy has signed three strategic agreements to support digital infrastructure for data and artificial intelligence (AI) centers in the Kingdom of Saudi…

Asharq Al Awsat
Business Saudi Arabia’s Tatweer for Educational Technologies (TETCO) and Lean Business Services signed a strategic agreement on Tuesday aimed at developing joint digital solutions to enhance the efficiency of healthcare and education systems. (SPA)

LEAP 2026: Healthcare Technology Collaboration to Support University Hospitals and Strengthen Integration

Saudi Arabia’s Tatweer for Educational Technologies (TETCO) and Lean Business Services, a company specializing in enabling digital healthcare transformation,…

Asharq Al Awsat
Business A general view shows an oil treatment plant in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 10, 2019. (Reuters)

Russia Cuts Expected 2026 Oil Output to 17-Year Low on War Fallout

Russia downgraded oil output forecast for this year to a 17-year low and revised fuel exports outlook for 2026 and 2027 due to the war with Ukraine, according…

Business An oil tanker is anchored in Lake Maracaibo in Cabimas, Venezuela, Monday, Aug. 31, 2026. (AP)

Oil Prices Extend Gains as US and Iran Trade Fresh Strikes

Oil prices rose in early trade on Wednesday, extending the previous session's surge, as concerns over supply disruption intensified after the US and Iran…

Business A Saudia Cargo aircraft (Asharq Al-Awsat)

Saudia Cargo Says AI Boosts Efficiency, Prepares to Double Fleet

Saudi Arabia’s air cargo industry is undergoing a technology-led structural shift to make global supply chains more efficient. At the center of that shift,…

Dana Aldrees (Riyadh)
Business Lenovo unveils its Saudi-made laptop at LEAP 2026 (Asharq Al-Awsat)

Lenovo Set to Begin Saudi Production in Late 2026

Saudi Arabia is seeking to cement its position as a regional technology manufacturing hub as Lenovo prepares to begin commercial production at its new Riyadh…

Abeer Hommadi (Riyadh)
Business The logo of Saudi Aramco is seen during the Adopt AI International Summit at the Grand Palais in Paris, France, November 26, 2025. (Reuters)

Saudi Aramco Boosts Innovation, Technological Collaboration at LEAP 2026

Saudi Aramco and its subsidiary, Saudi Aramco Digital, announced on Tuesday the signing of several agreements and memoranda of understanding (MoUs) with…

Business US President Donald Trump speaks with Canadian Prime Minister Mark Carney at a working lunch with leaders of G7 and the Middle East, in Evian-les-Bains, France, June 16, 2026. (Reuters)

Canada's Carney Says US Needs to Start Being Serious Before Trade Talks Can Resume

The US needs to start being serious and stop trying to be tough before talks on a possible trade deal with Canada can restart, Prime Minister Mark Carney told…