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 Officials sign agreements at the Saudi National Products Exhibition (SNP Expo 2) in Kuwait. (SPA)

$72 Mn in Investment Agreements Signed at Saudi Products Expo in Kuwait

The Saudi National Products Exhibition (SNP Expo 2), held in Kuwait, saw the signing of 20 agreements with investments exceeding SAR 270 million ($72 million)…

Asharq Al Awsat (Kuwait)
Business The Agricultural Development Fund of Saudi Arabia supports all investment opportunities that comply with its regulations. (SPA)

Saudi Arabia to Increase Agricultural Funding to $2 Bn in 2025

Spokesperson of the Agricultural Development Fund of Saudi Arabia Habib bin Abdullah Al-Shammari expects loan approvals to reach SAR 7.4 billion ($2 billion)…

Saeed al-Abyad (Jeddah)
Business A child looks at a Redmi laptop at a Redmi store in Beijing, China, 02 February 2025. (EPA)

China Shrugs Off New Trump Tariffs but Bruising Trade War Looms

Donald Trump's new tariffs will probably not have a major impact on China's economy but may herald the opening salvo of another bruising trade war with Beijing…

Business Former Foreign Policy Representative in the European Union Josep Borrell meets with Algerian President Abdelmadjid Tebboune. (Algerian Presidency file photo)

Algeria, EU Hold Talks to Revise ‘Partnership Agreement’

Algeria and the European Union last week launched the first round of talks aimed at reviving their 20-year “Partnership Agreement.” The talks were initiated…

Asharq Al Awsat (Algiers)
Business Canadian Prime Minister Justin Trudeau addresses media members after US President Donald Trump signed an order to impose stiff tariffs on imports from Mexico, Canada and China, in Ottawa, Canada, Saturday, Feb. 1, 2025. (Justin Tang/The Canadian Press via AP)

Canada Announces Retaliatory Tariffs on Long-Time Ally US

Canada will retaliate against President Donald Trump's new tariffs with 25% levies on a raft of US imports, Prime Minister Justin Trudeau said on Saturday,…

Business Mexico's President Claudia Sheinbaum speaks during her daily press conference at the National Palace in Mexico City on January 28, 2025. (AFP)

Mexico Vows Retaliation to Trump Tariffs without Detailing Targets

Mexican President Claudia Sheinbaum on Saturday ordered retaliatory tariffs in response to the US decision to slap 25% tariffs on all goods coming from Mexico,…

Business  The flags of Mexico, the United States and Canada fly in Ciudad Juarez, Mexico February 1, 2025. (Reuters)

Trump Says Americans Could Feel ‘Some Pain’ from His New Tariffs That Are Triggering a Trade War

President Donald Trump said Sunday that Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China,…

Business Baghdad International Fair Hosts 55 Saudi Companies

Baghdad International Fair Hosts 55 Saudi Companies

The Saudi Export Development Authority (Saudi Exports), in partnership with the Saudi-Iraqi Coordination Council, is participating in the 48th edition of the…

Asharq Al Awsat
Business Photo by SPA

Saudi National Products Expo in Kuwait Secures Agreements Worth Over SAR70 Million

Six agreements were signed at the Saudi National Products Exhibition (SNP Expo 2) in Kuwait, with investments exceeding SAR70 million, along with several…

Asharq Al Awsat
Business The Saudi flag. Asharq Al-Awsat

Fitch Affirms Saudi Arabia’s Credit Rating at ‘A+’ with Stable Outlook

Fitch Ratings affirmed Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A+’ with Stable Outlook. In its recent report, the agency…

Asharq Al Awsat (Riyadh)
Business Negotiations to merge Borouge and Borealis companies are going in a constructive and positive manner. WAM

UAE's ADNOC Confirms Negotiations with Austria's OMV for New Polyolefins JV

Abu Dhabi National Oil Company (ADNOC) confirmed on Saturday negotiations with Austria's OMV to set up a new global polyolefins group. It said in a statement…

Asharq Al Awsat (Abu Dhabi )
Business A general view of Riyadh, Saudi Arabia. (SPA)

Total Non-Oil Commodity Exports between Saudi Arabia, GCC States Reach Over SAR9 Billion

The total non-oil commodity exports, including national exports and re-exports, between the Kingdom of Saudi Arabia and the Gulf Cooperation Council (GCC)…

Asharq Al Awsat (Riyadh)
Business Saudi Arabia’s Mawani Wins Logistics Hub of the Year Award at ShipTek 2025

Saudi Arabia’s Mawani Wins Logistics Hub of the Year Award at ShipTek 2025

The Saudi Ports Authority (Mawani) won the Logistics Hub of the Year award at the ShipTek International Conference & Awards 2025 in Dubai. The award…

Asharq Al Awsat (Riyadh)
Business Photo of the Saudi capital, Riyadh (SPA)

Five Saudi Banks Achieve Record Profits of $14 Billion in 2024

Five Saudi banks reported record profit growth in 2024, an increase of approximately 12% compared to the previous year, with total earnings exceeding $14…

Mohammed al-Mutairi (Riyadh)
Business An employee counts US dollars in an exchange house, in Bogota, Colombia January 27, 2025. REUTERS/Luisa Gonzalez

Trump Repeats Tariffs Threat to Dissuade BRICS Nations from Replacing Dollar

President Donald Trump on Thursday warned off BRICS member countries from replacing the US dollar as a reserve currency by repeating a 100%-tariffs threat he…

Asharq Al Awsat
Business FILE PHOTO: Newly casted ingots of 99.99 percent pure gold are stored after weighing at the Krastsvetmet non-ferrous metals plant, one of the world's largest producers in the precious metals industry, in the Siberian city of Krasnoyarsk, Russia November 22, 2018.REUTERS/Ilya Naymushin/File Photo

Gold Hits Record High as Trump Tariff Worries Mount

Gold prices hit a record high on Friday, set for their best month since March 2024, as investors flocked to the safe-haven metal due to heightened US tariff…

Asharq Al Awsat
Business French Minister for Economy, Finance, Industrial and Digital Security Eric Lombard leaves following the weekly cabinet meeting at the Elysee Palace in Paris, France, January 29, 2025. REUTERS/Benoit Tessier

Finance Minister: French Budget Talks on Right Path

French Finance Minister Eric Lombard said on Friday that talks on getting the 2025 budget passed through parliament were "on the right track", although some…

Asharq Al Awsat
Business People queue at the check-in counter at the Dubai International Airport, in Dubai, United Arab Emirates, April 17, 2024. REUTERS/Staff/File Photo

Dubai International Airport Sees Record 92.3 million Passengers in 2024

Dubai International Airport, the world's busiest for international travel, saw a record 92.3 million passengers pass through its terminals in 2024, officials…

Asharq Al Awsat
Business Al-Qahtani emphasized that Saudi products are distinguished by their quality and success - SPA

Saudi National Products Expo Kicks Off in Kuwait

Saudi Deputy Ambassador to Kuwait Yahya Al-Qahtani inaugurated the second edition of the Saudi National Products Expo (SNP Expo), marking a significant step in…

Asharq Al Awsat
Business Ingots of 99.99 percent pure gold are placed in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/FILE PHOTO

Safe-haven Gold Rises on Trump Tariff Worries

Gold prices rose on Thursday as investors worried about potential import tariffs from US President Donald Trump, while investors awaited a key inflation report…

Asharq Al Awsat
Business An offshore oil rig is pictured off the coast of Huntington Beach, California, US, November 14, 2024. (Reuters)

Oil Prices Steady ahead of Trump's Threatened Tariffs on Canada, Mexico

Oil prices were little changed on Thursday as investors focused on tariffs threatened by US President Donald Trump on Mexico and Canada, the two largest…

Asharq Al Awsat
Business Al-Rajhi addressing the audience during his opening speech at the conference (Asharq Al-Awsat). 

Saudi Arabia Launches Global Labor Market Academy in Partnership with the World Bank

Saudi Arabia has launched the Global Labor Market Academy in partnership with the World Bank, reinforcing its commitment to global transformation and…

Asharq Al Awsat (Riyadh)
Business GDP achieved a growth rate of 4.4% compared to the same period of the previous year

Saudi Arabia: Real GDP Grew by 4.4% in Q4 of 2024

Saudi Arabia’s General Authority for Statistics (GASTAT) issued flash estimates of the real Gross Domestic Product (GDP) for the fourth quarter of 2024, saying…

Asharq Al Awsat (Riyadh)
Business General view of the new headquarters of the Central Bank of Egypt, at the New Administrative Capital (NAC) in the east of Cairo, Egypt, March 18, 2024. REUTERS/Mohamed Abd El Ghany/File Photo

Egypt’s Central Bank Reports $26 Billion in Remittances in 11 Months

The Central Bank of Egypt (CBE) has announced that November 2024 saw a substantial 65.4% year-over-year increase in remittances, which reached approximately $2…

Asharq Al Awsat (Cairo)