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 Saudi Minister of Finance Mohammed Al-Jadaan during a panel discussion at Davos. (Davos) 

Saudi Finance Minister: Int’l Institutions Need Unified Standards for Measuring National Income  

Saudi Minister of Finance Mohammed Al-Jadaan has called for the development of methods to measure gross national income (GNI) that better reflect the true…

Asharq Al Awsat (Davos)
Business Saudi Aramco's Chief Executive Amin Nasser speaking in Davos 2025

Aramco Chief Expects Additional Oil Demand of 1.3 Million bpd this Year

Saudi oil giant Aramco's Chief Executive Amin Nasser said on Tuesday he sees the oil market as healthy and expects an additional 1.3 million barrels per day of…

Asharq Al Awsat (Davos)
Business Chairman of the Federation of Saudi Chambers Hassan Moejeb Alhwaizy and Palestinian Ambassador to Saudi Arabia Mazen Mohammed Rateb Ghanem meet in Riyadh on Tuesday. (SPA)

Saudi Arabia, Palestine Agree to Establish Business Council 

Chairman of the Federation of Saudi Chambers Hassan Moejeb Alhwaizy and Palestinian Ambassador to Saudi Arabia Mazen Mohammed Rateb Ghanem agreed in Riyadh on…

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

Dollar Recovers as Trump Proposes Canada, Mexico Tariffs

The US dollar rose on Tuesday, recovering from its biggest daily percentage drop in 14 months after President Donald Trump suggested the US could impose…

Asharq Al Awsat
Business GACA Issues Air Carrier and Airport Classifications for December 2024

GACA Issues Air Carrier and Airport Classifications for December 2024

The General Authority of Civil Aviation (GACA) has issued its December classification of air transport service providers and airports to inform passengers…

Asharq Al Awsat
Business Part of the first session of the Saudi House in Davos 2025 (X platform)

Saudi House at Davos: The Kingdom to Set a Global Standard for Defining Industrial Cities

Participants in the first session of the Saudi House initiative at the annual World Economic Forum (WEF) in Davos, Switzerland, emphasized the importance of…

Asharq Al Awsat (Davos )
Business A general view of Kuwait City buildings, Kuwait, December 23, 2024. (Reuters)

Kuwait's KPC CEO Says Oil Production Capacity Exceeds 3 Million Bpd 

Kuwait's oil production capacity now exceeds 3 million barrels per day, Kuwait Petroleum Corporation (KPC) CEO Sheikh Nawaf Saud al-Sabah told reporters on…

Business A Saudi dealer monitors the stock market in Riyadh. (Reuters)

Arab Financial Markets Improve Amid Trump Inauguration

Arab financial markets reacted positively to the inauguration of US President Donald Trump for a new term on Monday, despite concerns from some nations about…

Ayat Nur (Riyadh)
Business US President Donald Trump reviews the troops in Emancipation Hall during inauguration ceremonies at the US Capitol in Washington, on January 20, 2025. (AFP)

Markets Wary as Trump Returns to the White House 

Financial markets swayed and wobbled at the beginning of Donald Trump's second US presidency after he made a softer start on China than many had anticipated,…

Business Saudi Arabia’s Minister of Economy and Planning Faisal Alibrahim speaks at Davos. (Asharq Al-Awsat)

Saudi Economy Minister: Stability in Middle East Is Imperative for Global Growth

Saudi Arabia’s Minister of Economy and Planning Faisal Alibrahim stressed on Monday that the Kingdom is looking forward to working with the second Trump…

Asharq Al Awsat (Davos)
Business Jeddah Tower is slated for completion within 42 months

Saudi Arabia Set to Unveil World’s Tallest Skyscraper

Construction of the Jeddah Tower in western Saudi Arabia is speeding up. Set to be completed in 2028, it will rise over 1,000 meters, becoming the world’s…

Saeed Al Abyad (Jeddah)
Business The Saudi delegation to the World Economic Forum (WEF) meets with the Forum's Founder and Executive Chairman, Professor Klaus Schwab, and President Borge Brende on Monday. (SPA)

Saudi Delegation to WEF Meets with Forum Founder and President

Saudi Arabia's delegation to the World Economic Forum (WEF) Annual Meeting 2025 held talks on Monday with the Forum's Founder and Executive Chairman, Professor…

Business A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saudi National Day. (SPA file photo)

Al Khateeb: Tourism Sector Tops Agenda at WEF Annual Meeting 2025 in Davos

Saudi Minister of Tourism Ahmed Al Khateeb stressed on Monday that Saudi Arabia's participation in the World Economic Forum (WEF) Annual Meeting 2025 in Davos,…

Business Residential and commercial real estate in the Saudi capital, Riyadh (Asharq Al-Awsat)

Saudi Arabia: Rising Demand for Housing Units Drives Property Prices Higher

Real estate experts have attributed the ongoing rise in Saudi Arabia’s property price index, over 16 consecutive quarters, to significant and growing demand…

Mohammed al-Mutairi (Riyadh)
Business Passengers wait for their boarding in the state-run Pakistan International Airlines flight to Paris after the airline resumed direct flights to Europe after the EU lifted a four-year ban, at the Islamabad International Airport, in Islamabad, Pakistan, Friday, Jan. 10, 2025. (AP Photo)

Pakistan's Largest Airport Becomes Operational, Part of the Chinese Belt and Road Initiative

Pakistan’s largest airport, funded and built in the country's restive southwest by Beijin g, has become operational, officials said Monday. Gwadar airport is…

Asharq Al Awsat
Business A drone view shows Palestinians walking past the rubble of houses and buildings destroyed in Israeli strikes during the war, following a ceasefire between Israel and Hamas, in Khan Younis in the southern Gaza Strip, January 20, 2025. REUTERS/Mohammed Salem

Gaza Faces Multi-billion-dollar Reconstruction Challenge

Billions of dollars will be needed to rebuild Gaza after the war between Israel and the Palestinian militant group Hamas, according to assessments from the…

Asharq Al Awsat
Business FILE PHOTO: Sparks strike representation of cryptocurrency Bitcoin in this illustration taken November 24, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Bitcoin Soars Past $109,000 Ahead of Possible Early Action on Crypto by Trump

The price of bitcoin surged to over $109,000 early Monday, just hours ahead of President-elect Donald Trump’s inauguration, as a pumped up cryptocurrency…

Asharq Al Awsat
Business  A parking lot in Saudi Arabia (Asharq Al-Awsat)

Arab Automotive Sector Attracts $25 Billion in Foreign Investments Over 22 Years

The Arab Investment and Export Credit Guarantee Corporation (Dhaman) announced that the automotive sector in Arab countries has attracted 184 foreign projects,…

Asharq Al Awsat (Kuwait)
Business A teller sorts US dollar banknotes inside the cashier's booth at a forex exchange bureau in downtown Nairobi, Kenya February 16, 2024. REUTERS/Thomas Mukoya/File photo

Dollar Strong, Stocks Creep Higher as Second Trump Term Dawns

The dollar was firm and Asia's stock markets were cautiously positive on Monday as investors waited for an expected flurry of policy announcements in the first…

Asharq Al Awsat
Business FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, US, May 3, 2017. REUTERS/Ernest Scheyder/File Photo

Oil Slips as Investors Eye Trump Move on Russian Export Curbs

Oil prices fell on Monday as expectations of US President-elect Donald Trump relaxing curbs on Russia's energy sector in exchange for a deal to end the Ukraine…

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

Saudi-Portuguese Business Council Strengthens Economic Ties with Portugal

The Saudi-Portuguese Business Council, led by Chairman Alwaleed bin Khaled Al-Baltan, concluded a successful visit to Portugal, marking significant progress in…

Business US President-elect Donald Trump views fireworks at Trump National Golf Club Washington DC in Sterling, Virginia, US, January 18, 2025. (Reuters)

Trump Launches His Own Meme Coin, Value Soars

US President-elect Donald Trump has launched his own cryptocurrency, appropriately called $TRUMP, sparking feverish buying that sent its market capitalization…

Business Employees at the Saudi Ministry of Human Resources and Social Development booth at a conference (X)

Saudi Arabia Approves ‘Golden Handshake’ Program Inspired by Global Models

Saudi Arabia has introduced the “Golden Handshake” program to offer financial incentives for government employees to voluntarily resign. The goal is to…

Asharq Al Awsat (Riyadh)
Business Saudi Minister of Communications and Information Technology Eng. Abdullah Alswaha. SPA file photo

Alswaha: Saudi Arabia's Participation at WEF Strengthens Global Efforts in AI Technologies

Saudi Minister of Communications and Information Technology Abdullah Alswaha has underlined the Kingdom's pivotal role in driving the global agenda to enhance…

Asharq Al Awsat (Riyadh)