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 FILE PHOTO: A cargo ship sails towards Colombo Harbour as a Sri Lankan national flag is seen, amid the country's economic crisis in Colombo, Sri Lanka, July 23, 2022. REUTERS/Adnan Abidi/File Photo

Sri Lanka's Bondholders Sign Off on $12.55 Bln Debt Overhaul

Sri Lanka's bondholders signed off on the government's proposal to restructure its $12.55 billion of international bonds, a key step in finalizing the island…

Asharq Al Awsat
Business The central bank said the decision was consistent with the inflation outlook. Photo: X

Morocco Central Bank Cuts Benchmark Interest Rate to 2.5%

Morocco’s central bank cut the benchmark interest rate by 25 bps to 2.5% on Tuesday, saying the decision was consistent with the inflation outlook. Inflation…

Asharq Al Awsat (Rabat)
Business French MP Amélia Lakrafi. (Asharq Al-Awsat)

French MP: We Look Forward to Sustainable Cooperation with Saudi Arabia under Vision 2030

As Saudi Arabia undergoes economic and social changes under its Vision 2030, attention is turning to strengthening strategic partnerships with France in areas…

Asma al Ghabri (Jeddah)
Business The acting CEO of the Saudi Roads Authority speaking to the audience during a panel discussion (Asharq Al-Awsat)

Saudi Arabia Adopts Advanced Technologies for Road Sustainability, Logistics Efficiency

Badr Al-Dulami, CEO of the Saudi General Authority for Roads, announced that advanced technologies are being used to recycle road layers in Saudi Arabia. This…

Asharq Al Awsat (Riyadh)
Business Azerbaijani Deputy Foreign Minister Yalchin Rafiyev (Asharq Al-Awsat)

Saudi-Azerbaijan Strategic Partnership to Boost Economy, Renewable Energy

Azerbaijan stressed the importance of strengthening its strategic partnership with Saudi Arabia, especially in trade, economy, and renewable energy, to boost…

Fatehelrahman Yousif (Riyadh)
Business The Islamic Development Bank logo

Islamic Development Bank Approves $575.63 Million in Financing to Member Countries

The Islamic Development Bank’s Board of Executive Directors, chaired by its President, Dr. Muhammad Al Jasser, has approved $575.63 million in financing to…

Asharq Al Awsat (Jeddah)
Business The new joint venture will combine the pair’s deep technical capabilities and proven development track records. WAM

bp and XRG Launch Egypt-Focused Natural Gas Platform

The UK-headquartered energy giant BP and the UAE-based XRG have finalized the creation of Arcius Energy, a new joint venture natural gas platform that will…

Asharq Al Awsat (Abu Dhabi)
Business Alkhorayef held on Monday meetings with Egyptians ministers in Cairo. SPA

Saudi Arabia, Egypt Discuss Advancing Industrial and Mining Collaboration

Minister of Industry and Mineral Resources Bandar Alkhorayef has held talks with Egyptian ministers in Cairo, discussing fostering industry and mining…

Asharq Al Awsat (Cairo)
Business Morocco's Prime Minister Aziz Akhannouch speaks during the High Level Segment session of the One Ocean Summit (OOS) in Brest, France February 11, 2022. (Reuters)

Morocco to Double Airport Capacity by 2030

Morocco plans to expand its airport capacity to 80 million passengers by 2030 from 38 million currently, Prime Minister Aziz Akhannouch said. The plan is…

Business FILE PHOTO: Gold bullions are displayed at GoldSilver Central's office in Singapore June 19, 2017. REUTERS/Edgar Su/File Photo

Gold Inches Higher on Softer Dollar as Attention Turns to Fed Meet

Gold prices gained on Monday on a softer dollar, while investor caution set in ahead of the US Federal Reserve's policy meeting where the central bank is…

Asharq Al Awsat
Business Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo

Oil Prices Drop on Soft Chinese Spending Data

Oil futures dropped from their highest levels in weeks on Monday, pressured by weakness in consumer spending in China, the world's largest oil importer. Brent…

Asharq Al Awsat
Business Chairman of the General Authority for Exhibitions and Conferences Fahd Al-Rasheed with an executive from one of the companies that decided to open an office in Saudi Arabia. (Asharq Al-Awsat).

Three Global Exhibition Companies Establish Offices in Saudi Arabia

Three of the world’s top 10 exhibition companies have announced the opening of offices in Saudi Arabia, tapping into the rapid growth of the sector in the…

Asharq Al Awsat (Riyadh)
Business A man walks through the lobby of the London Stock Exchange in London, Britain, May 14, 2024. (Reuters)

London Stock Exchange Suffers Biggest Exodus in 15 years

The former head of the London Stock Exchange Group has warned its flagship bourse has become “deeply uncompetitive” amid its biggest exodus since the financial…

Asharq Al Awsat (London)
Business People shop at a supermarket in Saudi Arabia. (Asharq Al-Awsat)

Housing, Utilities and Fuel Drive Inflation Index in Saudi Arabia

Saudi Arabia’s inflation rate increased to 2% in November, the highest in 15 months. The rise was driven primarily by a 9.1% increase in housing, water,…

Bandar al-Mosalam (Riyadh)
Business Saudi Minister of Transport and Logistics Services Eng. Saleh Al-Jasser speaks at the conference. (Asharq Al-Awsat)

Saudi Arabia to Establish 18 Logistics Zones with Investments Exceeding $2.6 Billion

Saudi Minister of Transport and Logistics Services Eng. Saleh Al-Jasser underlined on Sunday the remarkable progress in the Kingdom's port network, with an…

Asharq Al Awsat (Riyadh)
Business An illustration shows a Bitcoin mockup in front of an image of US President-elect Donald Trump, 22 November 2024 (reissued 16 December 2024). (EPA)

Bitcoin Surges above $106,000 on Strategic Reserve Hopes

Bitcoin surged to a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to create a US bitcoin strategic reserve similar…

Business The Supply Chain and Logistics Conference 2024 was held at the Hilton Granada Hotel in Riyadh. SPA

Al-Jasser: Saudi Arabia has Significantly Enhanced its Logistical Capabilities

Saudi Minister of Transport and Logistic Services Eng. Saleh Al-Jasser said on Sunday that the Kingdom has significantly enhanced its logistical capabilities,…

Asharq Al Awsat (Riyadh)
Business Saudi Minister of Tourism Ahmed Al Khateeb spoke at at the inaugural International MICE Summit (IMS24), organized by the Saudi Conventions & Exhibitions General Authority (SCEGA) in Riyadh. SPA

Saudi Tourism Minister: Riyadh City Aims to Become Global Hub for Exhibitions, Conferences

Minister of Tourism Ahmed Al Khateeb said Sunday that Saudi Vision 2030 has introduced transformative sectors such as tourism, culture, sports, and…

Asharq Al Awsat (Riyadh)
Business A group photo at the conclusion of the COP16 conference (SPA).

COP16 Concludes with 35 Resolutions to Strengthen Efforts Against Desertification

The 16th session of the Conference of the Parties to the United Nations Convention to Combat Desertification (COP16), held in Riyadh, concluded with the…

Asharq Al Awsat (Riyadh) Asharq Al Awsat (Riyadh)
Business The Red Line is 25.1 kilometers long while the Green Line is 13.3 kilometers long. SPA

Riyadh Metro Launches Red and Green Lines

The Royal Commission for Riyadh City (RCRC) announced the roll-out of two additional lines (Red: King Abdullah Road, and Green: King Abdulaziz Road) of the…

Asharq Al Awsat (Riyadh)
Business South Korean President Yoon Suk Yeol delivers an address to the nation at his official residence in Seoul, South Korea, December 14, 2024. The Presidential Office/Handout via REUTERS

Bank of Korea Vows to Keep Markets Stable after Yoon Impeachment

South Korea's central bank vowed on Sunday vows to keep markets stable after South Korean President Yoon Suk Yeol was impeached over his brief imposition of…

Asharq Al Awsat
Business FILE PHOTO: The logo of China National Offshore Oil Corporation (CNOOC) is seen at its booth during the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Florence Lo/File Photo

China's CNOOC Sells US Assets to Britain's INEOS

China's CNOOC Ltd has sold its US subsidiary, together with its upstream oil and gas assets in the Gulf of Mexico, to British chemicals group INEOS, according…

Asharq Al Awsat (Beijing)
Business People take selfies in front of the Fontaine des Mers with the French National Assembly in the background during the inauguration of the Christmas market at the Place de la Concorde in Paris, on December 13, 2024. (AFP)

Moody’s Hands France Surprise Downgrade over Deteriorating Finances

Credit ratings agency Moody's unexpectedly downgraded France's rating on Friday, adding pressure on the country's new prime minister to corral divided…

Business Bitcoin tokens and a price chart are seen in this illustration picture taken November 21, 2024. REUTERS/Remo Casilli/Illustration

MicroStrategy Secures Nasdaq-100 Inclusion after Bitcoin-fueled Stock Surge

MicroStrategy will be added to the tech-heavy Nasdaq-100 Index, the exchange operator said on Friday, following a meteoric surge in the shares of the bitcoin…

Asharq Al Awsat