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 MoU was signed on Wednesday during the Zakat, Tax and Customs Conference in Riyadh.

Saudi Arabia, Morocco Sign Tax Cooperation Deal

Saudi Arabia’s Zakat, Tax, and Customs Authority Deputy Governor for Strategy and Trade Facilitation Eng. Abdullah Al-Fantoukh and Moroccan General Directorate…

Asharq Al Awsat (Riyadh)
Business The event brought together 25 Saudi and 30 Chinese investors to bolster trade and investment opportunities in the healthcare sector. (SPA)

24 Agreements Signed at Saudi-Chinese Business Council Forum to Boost Economic Cooperation

The Saudi-Chinese Business Council Forum, attended by Saudi Minister of Health Fahad Al-Jalajel, convened on Wednesday to focus on boosting economic…

Business File photo of Saudi Arabia's flag.

Saudi Arabia, Iceland Sign Double Taxation Avoidance Agreement

In a significant move to foster bilateral economic relations, the Governor of the Zakat, Tax and Customs Authority (ZATCA), Eng. Suhail Abanmi and the…

Asharq Al Awsat
Business Prince Abdulaziz bin Salman, Saudi Minister of Energy (SPA)

Saudi Ministers: Saudi Arabia Advances Efforts Toward Environmental, Economic Sustainability

Saudi ministers highlighted the Kingdom’s substantial progress in transitioning to renewable energy, addressing critical global environmental challenges…

Asharq Al Awsat (Riyadh)
Business Saudi Arabia is hosting the COP 16 in Riyadh. (Asharq Al-Awsat)

Saudi Arabia’s One Planet Summit Charts Pathways for Climate Investment Decisions

The 7th annual summit of the One Planet Sovereign Wealth Funds Working Group (OPSWF), held in Riyadh on Tuesday, outlined key pathways to enhance climate…

Asharq Al Awsat (Riyadh)
Business French President Emmanuel Macron speaks during the Saudi-French Business Forum during an official visit in Riyadh on December 3, 2024. JEANNE ACCORSINI / AFP

Macron: Saudi Arabia is a Cornerstone for Accessing Gulf, Arab, and African Markets

French President Emmanuel Macron has encouraged French entrepreneurs to invest in Saudi Arabia, describing the Kingdom as a cornerstone for accessing…

Asharq Al Awsat (Riyadh)
Business FILE PHOTO: A view of new buildings around the Israeli settlement Talmon B near the Palestinian town of Mazraa Al-Qibleyeh near Ramallah, in the Israeli-occupied West Bank, November 20, 2024. REUTERS/Mohammed Torokman/File Photo

Norway Wealth Fund Divests from Israel's Bezeq over West Bank Settlements

Norway's sovereign wealth fund, the world's largest, has sold all of its shares in Israel's Bezeq as it provides telecoms services to the Israeli settlements…

Asharq Al Awsat
Business The collaboration seeks to leverage each company's expertise to develop an SAF plant in the Eastern Province of the Kingdom. SPA

Aramco, TotalEnergies, SIRC Mull Establishment of Sustainable Aviation Fuel Plant in Saudi Arabia

Saudi Aramco, TotalEnergies, and the Saudi Investment Recycling Company (SIRC) have said they signed a joint development and cost-sharing agreement, aiming at…

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

Saudi Arabia Advances Climate Action at 2024 SGI Forum with $60 Million in New Funding

The fourth edition of the Saudi Green Initiative (SGI) Forum kicked off on Tuesday, coinciding with the 16th session of the United Nations Convention to Combat…

Business PIF Hosts 7th Annual One Planet Sovereign Wealth Funds Summit in Riyadh

PIF Hosts 7th Annual One Planet Sovereign Wealth Funds Summit in Riyadh

Saudi Arabia’s Public Investment Fund (PIF) organized the seventh annual summit for the One Planet Sovereign Wealth Funds (OPSWF) Group in Riyadh on Tuesday. …

Business Prince Mohammed bin Salman bin Abdulaziz, Saudi Crown Prince and Prime Minister, (C-R) stands with French President Emmanuel Macron (C-L) for a group photo together with other heads of state participating in the One Water Summit in the capital Riyadh on December 3, 2024. (AFP)

Crown Prince: Saudi Arabia Has Contributed $6Bln to Support 200 Development Projects in 60 Countries

Prince Mohammed bin Salman bin Abdulaziz, Saudi Crown Prince and Prime Minister, said on Tuesday that the Kingdom has contributed USD6 billion in supporting…

Business Kazakhstan’s First Vice Minister of Water Resources, Bekniyaz Bolat (Asharq Al-Awsat)

Kazakh Official Reveals Details of Water Summit Co-Chaired with Saudi Arabia, France

A Kazakh official has outlined plans for a trilateral summit to organize a global event under the “One Water Summit” initiative. The summit, which will be…

Fatehelrahman Yousif (Riyadh)
Business Saudi Arabia’s Environment Minister Abdulrahman Al-Fadli assumes the Kingdom’s presidency of COP16 in Riyadh. (Asharq Al-Awsat)

COP16 Riyadh Gathers Policymakers to Combat Desertification, Restore Land

Policymakers, international organizations, companies, NGOs and key stakeholders gathered in Riyadh on Monday to address global challenges like land degradation…

Asharq Al Awsat (Riyadh)
Business FILE PHOTO: A man is seen at an exit of the refinery plants of Chambroad Petrochemicals in Binzhou, Shandong province, China October 24, 2019. REUTERS/Stringer/File Photo

Oil Prices Nudge Higher Ahead of OPEC+ Meeting

Oil prices climbed nearly 1% on Tuesday, as traders awaited the outcome of an OPEC+ meeting later this week. Brent crude futures rose 66 cents, or 0.92%, to …

Asharq Al Awsat
Business  People shop at a fresh market in Istanbul, Türkiye, July 5, 2024. (Reuters)

Türkiye Inflation Higher than Expected, Teeing up Tough Rate Decision

Turkish inflation was higher than expected at 47.09% annually and 2.24% on a monthly basis in November, official data showed on Tuesday, potentially reducing…

Business FILE PHOTO: A woman picks a gold earring at a jewelry shop in the old quarters of Delhi, India, May 24, 2023. REUTERS/Anushree Fadnavis/File Photo

Gold Edges Up as Investors Seek Fed Clues from US Data

Gold prices edged higher on Tuesday, supported by US rate cut bets and geopolitical concerns, while the focus shifted to economic data due this week for clues…

Asharq Al Awsat
Business The agreement sets a regulatory framework for air transport operations between the two countries and aligns with the goals of Saudi Arabia's civil aviation sector strategy.  (SPA)

Saudi Arabia, Lithuania Sign Agreement to Bolster Air Transport Cooperation

Saudi Arabia and Lithuania signed on Monday an agreement to enhance cooperation in air transport services. The accord was formalized by General Authority of…

Business Aramco’s pavilion at the Global Future Investment Initiative conference held in Riyadh (FII webiste)

Aramco Completes Acquisition of 10% Stake in Horse Powertrain Limited

Aramco, one of the world's leading integrated energy and chemicals companies, through a directly and wholly owned subsidiary, Aramco Asia Singapore Pte. Ltd.,…

Asharq Al Awsat
Business Riyadh residents ride the Riyadh Metro on its launch day on Sunday. (Turky al-Agili)

Asharq Al-Awsat Tours Riyadh Metro on First Day of its Launch

“Big achievements take time,” remarked university student Ahmed Al-Omari quoting a Saudi proverb as the Riyadh Metro officially began operations, opening three…

Business Future designs of King Salman Stadium and its sports facilities, one of the largest sports stadiums in the world (Royal Commission for the City of Riyadh)

Saudi Arabia’s 2034 World Cup: A Catalyst for Economic Transformation

As the official announcement approaches on December 11 for the host of the 2034 FIFA World Cup, all eyes are on Saudi Arabia, as this monumental sporting…

Ayat Nur (Riyadh)
Business Riyadh is hosting this Monday the 16th Conference of the Parties (COP 16). (Asharq Al-Awsat)

COP 16 Launches Monday in Riyadh: Advancing a World Free of Desertification

Global attention turns to Riyadh, Saudi Arabia, as it hosts the 16th Conference of the Parties (COP 16) under the United Nations Convention to Combat…

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 Rises on Upbeat China Data, Shaky Israel-Lebanon Ceasefire

Oil prices rose on Monday, supported by strong factory activity in China, the world's second-largest oil consumer, and heightened tensions in the Middle East…

Asharq Al Awsat
Business A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)

Egypt's Net Foreign Assets Slid in October

Egypt's net foreign assets (NFAs) dropped by $1.12 billion in October after a rise in September, central bank data shows. NFAs declined to the equivalent of …

Asharq Al Awsat
Business King Abdullah Financial Center in Riyadh (Asharq Al-Awsat)

Saudi Government Calls for Private Sector Involvement to Enhance Vision 2030 Reports

The Saudi government has directed greater private sector involvement in shaping the content of Vision 2030 communications and reports, according to sources who…

Bandar al-Mosalam (Riyadh)