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 Oil Prices Rise as Concerns Grow over Supply Disruptions

Oil Prices Rise as Concerns Grow over Supply Disruptions

Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to escalating Western sanctions lent support. …

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

EUROPE GAS-Prices Continue to Decline

Dutch and British wholesale gas prices continued to declined on Tuesday morning on milder weather forecasts for next week, high wind speeds and stable supply. …

Asharq Al Awsat
Business Gold bullion displayed in a store in the German city of Pforzheim (dpa)

Gold Gains as Dollar Slips on Trump Tariff Uncertainty

Gold prices rose on Tuesday as the US dollar eased due to uncertainty around President-elect Donald Trump's tariff plans, with further support coming from top…

Asharq Al Awsat
Business FILE PHOTO: A view shows electricity pylons in Kiswah, Damascus suburbs, Syria September 8, 2021. REUTERS/Yamam al Shaar/File Photo

Syria to Receive Electricity-generating Ships from Qatar, Türkiye

Syria will receive two electricity-generating ships from Türkiye and Qatar to boost energy supplies hit by damage to infrastructure during President Bashar al…

Asharq Al Awsat
Business Riyadh (Reuters)

Saudi Arabia Begins Marketing International Bonds Following 2025 Borrowing Plan Announcement

Saudi Arabia has entered global debt markets with a planned sale of bonds in three tranches, aiming to use the proceeds to cover budget deficits and repay…

Asharq Al Awsat (Riyadh)
Business A Lucid Motors facility is pictured in Costa Mesa, California, US, November 1, 2023. (Reuters)

Lucid Beats Estimates for EV Deliveries

Lucid Group reported record fourth-quarter deliveries on Monday, surpassing Wall Street expectations for quarterly deliveries, as the Saudi Arabia-backed maker…

Asharq Al Awsat (New York)
Business The Cityscape International Real Estate Exhibition 2024 in Riyadh (Asharq Al-Awsat)

Saudi Mortgage Loans Reach Record Highs

Mortgage lending provided by financing companies has reached an all-time high by the end of the third quarter of 2024 amid developments in Saudi Arabia’s real…

Asharq Al Awsat (Riyadh)
Business The Public Investment Fund (PIF) logo

Saudi PIF Completes $7 bln Inaugural Murabaha Credit Facility

Saudi Arabia's Public Investment Fund (PIF) completed on Monday a $7 billion inaugural murabaha credit facility. In a statement, PIF said the credit facility…

Asharq Al Awsat
Business People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP

Oil Falls from Highest since October as Dollar Strengthens

Oil prices dipped on Monday amid a strong US dollar ahead of key economic data by the US Federal Reserve and US payrolls later in the week. Brent crude futures…

Asharq Al Awsat
Business Gold bullion displayed in a store in the German city of Pforzheim (dpa)

Gold Steady as Focus Shifts to US Data for Economic Cues

Gold prices were little changed on Monday, while investors awaited a slew of US economic data including the December nonfarm payrolls report for further…

Asharq Al Awsat
Business  The Saudi capital, Riyadh (AFP)

Saudi Arabia’s Private Sector Ends 2024 with Strongest Sales Growth

Saudi Arabia’s non-oil private sector concluded 2024 on a high note, with significant increases in sales and business activity fueled by robust domestic and…

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

Saudi Minister of Finance Approves 2025 Annual Borrowing Plan

Saudi Minister of Finance Mohammed Abdullah Al-Jadaan approved on Sunday the Annual Borrowing Plan for the fiscal year 2025, following its endorsement by the…

Business The city skyline is reflected in a pool left on the dry riverbed of the receding Jialing river, a tributary of the Yangtze, that is approaching record-low water levels during a regional drought in Chongqing, China, August 20, 2022.  (Reuters)

China Seeks to Bolster Ports and Aviation Hubs in Western Regions

China said on Sunday it would launch 15 measures to bolster the development of its western provinces with the construction of logistical infrastructure such as…

Business FILE PHOTO-People wait for their turn to buy low-priced bun-kabab from a shop in Karachi, Pakistan June 10, 2022. REUTERS/Akhtar Soomro

Pakistan Set to Receive $20 Billion Loan From World Bank

Pakistan is set to receive a loan of $20 billion from the World Bank over the next 10 years, aimed at improving the country’s key sectors, sources told Geo…

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

Riyadh to Host 3rd Edition of Saudi Tourism Forum Under the Slogan ‘To Discover’

Riyadh is set to host the third edition of the Saudi Tourism Forum from January 7 to 9 at Roshn Front. Organized in partnership with the Ministry of Tourism,…

Asharq Al Awsat (Riyadh)
Business Photo by WAM

Emirates First 'Airbus A350' Enters Commercial Service

Emirates marked a significant milestone on Friday as its first Airbus A350 entered commercial service, operating its inaugural flight from Dubai to Edinburgh. …

Asharq Al Awsat
Business A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Türkiye March 4, 2024. REUTERS/Murad Sezer/File photo

Turkish Annual Inflation Falls More Than Expected to 44.38%

Turkish annual consumer price inflation fell more than expected to 44.38% in December, official data showed on Friday, with education, housing and restaurant…

Asharq Al Awsat (Ankara)
Business FILE PHOTO: The logos of Nippon Steel Corp. are displayed at the company headquarters in Tokyo, Japan March 18, 2019. REUTERS/Yuka Obayashi/File Photo

Biden Blocks Takeover of US Steel by Japan's Nippon Steel

US President Joe Biden blocked Nippon Steel's proposed $14.9 billion purchase of US Steel on Friday, citing national security concerns, dealing a potentially…

Asharq Al Awsat (Washington)
Business A vendor arranges vegetables at a roadside market on a cold winter evening in New Delhi on January 2, 2025. (Photo by Sajjad  HUSSAIN / AFP)

World Food Price Index Eases in Dec, Pushed Lower by Sugar

The United Nations' world food price index dipped in December against November levels, led lower by a drop in international sugar quotations, but still showed…

Asharq Al Awsat (Rome)
Business Gold bullion displayed in a store in the German city of Pforzheim (dpa)

Gold Hits Three-week Peak on Softer Dollar and Safe Haven Inflows

Gold prices touched their highest level in three weeks on Friday supported by a softer dollar and safe-haven buying, while markets braced for potential…

Asharq Al Awsat
Business A pumpjack brings oil to the surface in the Monterey Shale, California, US April 29, 2013. REUTERS/Lucy Nicholson/File Photo

Oil Set for Weekly Gains on Colder Weather, Chinese Policy Support

Oil prices held steady on Friday, remaining poised for weekly gains after closing the previous session at their highest in more than two months, underpinned by…

Asharq Al Awsat
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 Set to End Week on a High on US Rates, Economic Outlook

The dollar was on track for its strongest weekly performance since early December on Friday, propped up by expectations that the US economy will continue to…

Asharq Al Awsat
Business Qatar’s tourist destinations experienced a 38% increase in total expenditure compared to the previous year. (QNA)

Qatar Achieves Record Tourism Revenues, Welcomes 5 Million Visitors in 2024

Recent data from Qatar Tourism reveals that the country achieved record-breaking figures in its tourism sector in 2024, with total tourism revenues reaching…

Asharq Al Awsat (Doha)
Business Riyadh’s Expo 2030 logo adorns the capital’s sky (Asharq Al-Awsat).

Saudi Real Estate Transactions Surpass $533 Billion in 2024

Real estate transactions in Saudi Arabia exceeded $533 billion (SAR 2.5 trillion) in 2024, covering over 622,000 deals and spanning approximately 5.8 billion…

Mohammed al-Mutairi (Riyadh)