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 Al-Falih speaking during the 28th Annual World Investment Conference in Riyadh (Asharq Al-Awsat)

Saudi Arabia Expands Efforts to Integrate into Global Supply Chains

Saudi Arabia is intensifying its efforts to secure access to essential materials, promote local manufacturing, enhance sustainability, and strengthen its…

Asharq Al Awsat (Riyadh)
Business Al-Jadaan speaking at the press conference (Asharq Al-Awsat)

Saudi Finance Minister: 2025 Budget Aims to Continue Expanding Strategic Spending

Saudi Finance Minister Mohammed Al-Jadaan outlined the objectives of the 2025 budget, emphasizing a continued focus on strategic spending for developmental…

Asharq Al Awsat (Riyadh)
Business A shopper walks with his purchases at Plaza Las Americas Mall near the US-Mexico border in San Ysidro, California, on November 26, 2024. (AFP)

China State Media Warn Trump against Mutually Destructive Tariff War

China's state media warned US President-elect Donald Trump his pledge to slap additional tariffs on Chinese goods over fentanyl flows could drag the world's…

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

Gold Edges Up on Softer Dollar; Focus on US Inflation Data

Gold prices inched up on Wednesday as the US dollar eased, while investors' focus shifted to key inflation data from the world's biggest economy for cues on…

Asharq Al Awsat
Business The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA

Saudi Arabia, Djibouti Sign Agreement to Promote, Safeguard Investments

Saudi Arabia and Djibouti have signed an agreement to encourage and protect mutual investments, marking a significant step in enhancing economic cooperation…

Asharq Al Awsat
Business A man counts Lebanese pounds at a currency exchange shop in Beirut, Lebanon October 1, 2020. REUTERS/Mohamed Azakir

Lebanon Bonds Rally to Fresh Two-year High on Ceasefire Hopes

Lebanon's deeply distressed sovereign dollar bonds hit a fresh two-year high on Tuesday as investors bet that a potential ceasefire with Israel could improve…

Asharq Al Awsat
Business A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration

Iraq, Saudi, Russia Stress Need for Stable Oil Market ahead of OPEC+ Meeting

OPEC+ members Iraq, Saudi Arabia and Russia agreed in a meeting in Iraq on Tuesday on the importance of maintaining stable oil markets and fair prices, Iraq's…

Asharq Al Awsat
Business FILE PHOTO: A ship is moored near storage tanks at an oil refinery off the coast of Singapore October 17, 2008. REUTERS/Vivek Prakash/File Photo

Oil Prices Edge up as Market Assesses Trump's Tariff Plans

Oil prices picked up on Tuesday, after the previous session's sell-off, as the market assessed US President-elect Donald Trump's planned trade tariffs on…

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

Saudi Arabia Approves 2025 Budget with Total Deficit of $26.9 bln

Saudi Crown Prince Mohammed bin Salman on Tuesday approved the country's budget for 2025, state media reported, with a planned deficit of 101 billion riyals (…

Asharq Al Awsat
Business Kuwait City (Asharq Al-Awsat file photo)

Kuwait Seeks to Offer Flexible Incentives to Attract Foreign Investments

Mohammad Yaqoub, Assistant Director General for Business Development at Kuwait’s Direct Investment Promotion Authority (KDIPA), announced that Kuwait is…

Asharq Al Awsat (Riyadh)
Business The 28th Global Investment Conference kicked off in Riyadh on Monday. (SPA)

Foreign Investments in Saudi Arabia Triple, with Over 1,200 Benefiting from Premium Residency

Saudi Arabia has tripled its foreign investment inflows and increased the number of investors tenfold since the launch of Vision 2030. More than 1,200…

Business Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration

Central Bank Chief: Morocco Preparing Law to Allow Cryptocurrencies

A draft law on cryptocurrencies is undergoing the process of adoption in Morocco, the governor of its central bank, Abdellatif Jouahri, said on Tuesday. The…

Asharq Al Awsat (Rabat)
Business A view shows an ingot of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk/File Photo

Gold Extends Slide to 1-week Low on Curbed Safety Demand, Stronger Dollar

Gold prices extended declines on Tuesday, hitting a more than one-week low, pressured by a jump in US dollar and easing safe-haven demand after reports of a…

Asharq Al Awsat
Business FILE PHOTO: US President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, US, November 19, 2024. Brandon Bell/Pool via REUTERS/File Photo

Trump Vows New Tariffs on Mexico, Canada and China

US President-elect Donald Trump vowed on Monday to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to…

Asharq Al Awsat (Washington)
Business Saudi Minister of Tourism Ahmed Al-Khateeb highlighted the main investment opportunities in the tourism sector. SPA

Saudi Tourism Minister Announces Support for 17 Tourism Projects in Al-Ahsa

Saudi Minister of Tourism Ahmed Al-Khateeb has met with several investors and entrepreneurs in Al-Ahsa Governorate as part of his tour to various regions and…

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

Saudi Arabia, Tajikistan Sign Agreement to Establish Joint Business Council

The Federation of Saudi Chambers and the Chamber of Commerce and Industry in Tajikistan signed an agreement on Monday to establish a Saudi-Tajik Business…

Business A drone view shows the last supermoon of 2024 dubbed "Beaver Moon" during early hours of moon-rise over Riyadh, Saudi Arabia, November 15, 2024. (Reuters)

Saudi Arabia Secures Top Spot in Arab Region, 20th Globally in QI4SD

Saudi Arabia came first in the Arab region Middle East and North Africa in the Quality Infrastructure for Sustainable Development Index (QI4SD) 2024 released…

Business A view of the Jeddah Islamic Port. (Asharq Al-Awsat)

Saudi Non-Oil Exports Reach Highest Levels Since 2022

Saudi Arabia’s non-oil exports have reached their highest levels since the second quarter of 2022, continuing to grow at a steady pace. By the end of the third…

Bandar al-Mosalam (Riyadh)
Business The logo of US networks giant Cisco Systems is seen in front of their headquarters in Issy-les-Moulineaux, near Paris, France August 6, 2022. (Reuters)

CEO of Cisco Saudi Arabia: Our Investments in the Kingdom Continue to Support Digital Transformation

Saudi Arabia has demonstrated a strong commitment to IT infrastructure amid significant advancements in the Kingdom’s tech sector on global indices. This has…

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

Gold Drops Nearly 2% on Profit-booking, Trump's Treasury Secretary Pick

Gold dropped nearly 2% on Monday, weighed down by profit-taking after a five-session rally, with further pressure from the announcement of fund manager Scott…

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

Oil Prices Ease but Remain Near 2-week Highs on Russia, Iran Tensions

Oil prices retreated on Monday following 6% gains last week, but remained near two-week highs as geopolitical tensions grew between Western powers and major…

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

Saudi Arabia to Host World Investment Conference on November 25-27

Under the patronage of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, the World Association of Investment Promotion…

Business  A family eats lunch near a store advertising a Black Friday sale at the Pentagon City Mall in Arlington, Virginia, on November 22, 2023. (AFP)

US Consumers to Bargain Hunt in Annual ‘Black Friday’ Spree

US shoppers are coming out in force this holiday season, but the festiveness is being tempered by inflationary pressures that have abated but not completely…

Business Officials from the Saudi Energy Ministry after the official announcement of joining the International Partnership for the Hydrogen and Fuel Cells in the Economy (Saudi Energy Ministry)

Saudi Arabia Joins International Partnership for Hydrogen and Fuel Cells in the Economy

The Saudi Energy Ministry announced Saturday that the Kingdom has officially joined the International Partnership for the Hydrogen and Fuel Cells in the…

Asharq Al Awsat