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 The Lord Mayor of the City of London, Lord Alastair King

Britain Plans to Explore New Economic Opportunities in Saudi Arabia

A British official has announced plans to explore new economic opportunities in Saudi Arabia aimed at enhancing strategic integration between London and Riyadh…

Fatehelrahman Yousif (Riyadh)
Business Riyadh, Saudi Arabia (SPA)

Non-Oil Activities Drive Saudi Arabia’s Economic Growth

Non-oil activities in Saudi Arabia have driven the growth of the real gross domestic product (GDP), achieving a year-on-year increase of 2.8% by the end of the…

Asharq Al Awsat (Riyadh)
Business FILE - Pump jacks work in a field near Lovington, N.M., April 24, 2015. (AP Photo/Charlie Riedel, File)

Oil Climbs as Assad's Fall Brings More Uncertainty to Middle East

Oil prices climbed on Monday after the fall of Syrian President Bashar al-Assad's regime introduced greater uncertainty to the Middle East, although the gains…

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

Jeddah International Trade Fair 2024 to Open on December 10-12

Jeddah will host the 2024 International Trade Fair from December 10 to 12 at the Jeddah International Exhibition and Convention Center. The event will bring…

Asharq Al Awsat
Business  A billboard displaying the US national debt (Reuters)

UN Secretary-General Appoints Group of Experts to Resolve Debt Crisis

United Nations Secretary-General Antonio Guterres appointed on Saturday a group of prominent experts to promote actionable policy solutions and galvanize…

Asharq Al Awsat (New York)
Business CIPD is known as the largest professional organization for human resources, learning and development - SPA

Riyadh Airports Earns Best Talent Management Strategy Award in Middle East

Riyadh Airports Company has been awarded the prestigious "Best Talent Management Strategy" in the Middle East at the People Awards 2024, presented by the…

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

Saudi-Slovenian Business Forum to Strengthen Ties

The Federation of Saudi Chambers of Commerce is set to host the Saudi-Slovenian Business Forum on Sunday. The event will be attended by Minister of Economy…

Asharq Al Awsat
Business The World Bank made the announcement on Friday in Seoul at a pledging conference for the International Development Association, which provides grants and very low interest loans to 78 low-income countries. AFP

World Bank Wins $100 Bln Replenishment of Fund for Poorest Countries

Donor countries have pledged a record $100 billion three-year replenishment of the World Bank's fund for the poorest nations, providing a vital lifeline for…

Asharq Al Awsat (Washington)
Business (L/R) Argentina's President Javier Milei, Uruguay's President Luis Lacalle Pou, European Commission President Ursula von der Leyen, Brazil's President Luiz Inacio Lula da Silva and Paraguay's President Santiago Pena pose for the family picture of the LXV Mercosur Summit in Montevideo on December 6, 2024. (Photo by Eitan ABRAMOVICH / AFP)

EU, South American Trade Bloc Reach Giant Trade Deal

The European Union reached a blockbuster free trade agreement Friday with Brazil, Argentina and the three other South American nations in the Mercosur trade…

Asharq Al Awsat (Brussels)
Business A vendor offers seafood at a market in Karachi, Pakistan, 06 December 2024. EPA/SHAHZAIB AKBER

World Food Prices Reach 19-month High in November

The United Nations' world food price index rose in November to its highest level since April 2023, driven by surging vegetable oil quotations, data showed on…

Asharq Al Awsat (Rome)
Business Saudi Energy Minister Prince Abdulaziz bin Salman speaks during the UN Climate Change Conference (COP26), in Glasgow, Scotland, Britain, November 10, 2021. (Reuters)

Saudi Energy Minister Says OPEC+ Output Decision Based on Fundamentals

Saudi Energy Minister Prince Abdulaziz bin Salman said on Friday the OPEC+ decision to push back the start of oil output rises by three months until April was…

Business FILE PHOTO: Flakes of gold leaf are pictured in Tokyo April 4, 2008. REUTERS/Michael Caronna/File Photo

Gold Heads for Second Weekly Fall; Focus on US Payrolls Data

Gold prices inched higher on Friday but were headed for a second straight week of decline, while market participants braced for US payrolls data for cues on…

Asharq Al Awsat
Business Visitors touring the COP16 Conference of the United Nations Convention to Combat Desertification (Asharq Al-Awsat)

$278 Billion Annual Gap Threatens Global Anti-Desertification Goals

A recent financial needs assessment by the United Nations Convention to Combat Desertification (UNCCD) has revealed a staggering $278 billion annual funding…

Asharq Al Awsat (Riyadh)
Business FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger//File Photo

Oil Prices Dip as Extended OPEC+ Supply Cuts Highlight Weak Demand

Oil prices dipped on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of…

Asharq Al Awsat
Business This photo taken on November 10, 2024 shows an aerial view of fish ponds, rivers and marshes in San Tin in northern Hong Kong, on the border with the Chinese city of Shenzhen (back). (Photo by Peter PARKS / AFP)

Saudi Central Bank, Hong Kong Monetary Authority Sign MoU to Strengthen Collaboration

The Saudi Central Bank (SAMA), headed by Governor Ayman M. Al-Sayari, and the Hong Kong Monetary Authority (HKMA) Governor Eddie Yue have met in Hong Kong to…

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

Gold Holds Steady as Spotlight Shifts to US Payrolls Data

Gold prices steadied on Thursday as investors held back from placing big bets ahead of US non-farm payrolls data that could influence the Federal Reserve's…

Asharq Al Awsat
Business A man counts Egyptian notes outside a bank in Cairo, Egypt - File photo/Reuters

Egyptian Pound Breaches 50 to the Dollar, Central Bank Says

The Egyptian pound weakened to close at 50.0024 to the dollar, having breached the 50 pound psychological barrier for the first time since March, Egypt's…

Asharq Al Awsat
Business A model of oil rigs in front of the OPEC logo (Reuters)

Members of OPEC+ Oil Producers' Alliance Postpone Production Increases as Crude Prices Stagnate

Eight members of the OPEC+ alliance of oil exporting countries decided Thursday to put off increasing oil production as they face weaker than expected demand…

Asharq Al Awsat
Business The euro managed to rise despite the uncertainty because the collapse of the government was already priced in (File Photo/Reuters)

Euro Ticks up despite French Govt Collapse

The euro picked up on Thursday despite the collapse of the French government, which had been widely expected, and the yen rallied as traders looked to the Bank…

Asharq Al Awsat
Business PIF and Bpifrance Assurance Export sign $10 billion memorandum of understanding. (SPA)

PIF, Bpifrance Assurance Export Sign $10 Billion MoU

The Public Investment Fund (PIF) and Bpifrance Assurance Export, represented by the French Treasury office in Riyadh, have signed a memorandum of understanding…

Asharq Al Awsat
Business Saudi Finance Minister Mohammed Al-Jadaan (X)

Saudi Arabia Signs Int’l Deals to Strengthen Tax, Customs Cooperation

Saudi Arabia is working to improve its tax system and make compliance easier, with a focus on increasing tax collection efficiency and fairness. The government…

Asharq Al Awsat (Riyadh)
Business Al-Jubeir delivers a speech during the COP16 conference (Ministry of Foreign Affairs)

Al-Jubeir to Asharq Al-Awsat: Saudi Arabia Commits to Environmental Sustainability with Over $180 Billion in Investments

Adel Al-Jubeir, Saudi Arabia’s Minister of State for Foreign Affairs, Cabinet Member, and Climate Envoy, reaffirmed the Kingdom’s steadfast commitment to…

Asharq Al Awsat (Riyadh)
Business FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo

Oil Slightly Firmer Ahead of OPEC+ Supply Decision

Oil prices were mostly stable on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on…

Asharq Al Awsat
Business (FILES) A bitcoin logo is displayed outside a cryptocurrency exchange in Hong Kong on April 15, 2024. (Photo by DALE DE LA REY / AFP)

Bitcoin Hits $100,000 and Asian Shares Are Mostly Higher

Bitcoin surpassed $100,000 for the first time, while Asian shares were mostly higher Thursday, taking their cues from another Wall Street record rally. US…

Asharq Al Awsat