Business

World Food Prices Dip in October, but Remain Higher Than a Year Ago

Business A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)

World Food Prices Dip in October, but Remain Higher Than a Year Ago

World food prices edged lower in October as weaker import demand contributed to monthly declines in cereal, dairy and meat prices, but were still nearly 6%…

Business Copper at the Aurubis copper smelting and refining plant in Hamburg, Germany. (Reuters)

Copper Falls, Set for Worst Week Since March on AI Rout

Copper dropped on Friday and was set for its biggest weekly drop in London since March, as a rout in technology stocks battered markets. Benchmark three…

Asharq Al Awsat
Business Workers walk at Kalyon Karapinar solar power plant in Karapinar, Konya province, Türkiye, Oct. 14, 2026. (AP)

Emerging Economies Set to Match Advanced Nations’ Renewable Capacity Additions, IEA Says

Emerging ‌and developing economies outside China are expected to add as much new renewable energy capacity as advanced economies for the first time over…

Business Gold bracelets displayed in a shop window on Green Street, east London, UK, April 30, 2024. (AFP)

Gold Drops Over 1% on Higher Oil Prices; US Payrolls Data in Focus

Gold prices slipped on Friday as oil prices rebounded, fanning inflation worries and higher-for-longer interest rate expectations, while investors awaited key…

Business A pumpjack operates near Bakersfield, California, on Oct. 16. (AFP)

Oil Set for Sharp Weekly Drop but Middle East Supply Concerns Provide Floor

Oil prices are set for a sharp weekly drop on expectations of a de-escalation of the Iran war after US President Donald Trump's party suffered election losses,…


Business The Saudi capital Riyadh. SPA

China’s Dollar Bond Launch in Saudi Arabia Strengthens Bilateral Cooperation

China has issued $2 billion in dollar-denominated bonds on the Saudi stock exchange (Tadawul), its first such offering in US dollars since 2021. The move…

Asharq Al Awsat (Riyadh)
Business King Abdullah Financial District (KAFD) in Riyadh (Reuters)

Saudi PIF Plans to Sell 2% Stake in STC

Saudi Arabia's sovereign wealth fund PIF plans to sell a 2% stake in Saudi telecoms operator STC through a private placement to institutional investors. The…

Asharq Al Awsat
Business Bitcoin logos are displayed at the Inside Bitcoins conference and trade show on April 7, 2014, in New York. (AP)

Bitcoin Rises above $90,000 on Trump Euphoria

Bitcoin charged past the $90,000 level on Wednesday, as its relentless rally showed no signs of easing on expectations that Donald Trump as US president and…

Business Shura Island design (Photo: Red Sea Global website)

Red Sea Global Expects Growing Investment Opportunities in 2025

As part of Saudi Arabia’s efforts to become a top tourism destination, Red Sea Global, wholly owned by the Public Investment Fund, is advancing significantly…

Asharq Al Awsat (Riyadh)
Business ROSHN Chief Development Officer Oussama Kabbani (Turky Al-Agili)

Saudi ROSHN Equips Residences with Eco-friendly Car Chargers

The Saudi company ROSHN, owned by the Public Investment Fund, is strengthening its role as a key contributor to the national real estate sector by developing…

Ayat Nur (Riyadh)
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 Pares Losses on Tight Supply but Cloudy Demand Caps Gains

Oil prices inched higher on Wednesday underpinned by signs of near-term supply tightness but held near their lowest in two weeks, a day after OPEC downgraded…

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

Saudi Arabia Launches Carbon-Trading Market Platform to Finance to High Quality Climate Projects

Saudi Arabia launched on Tuesday a carbon-trading market, a day after climate negotiators secured a major breakthrough by agreeing rules for a UN-administered…

Asharq Al Awsat (Riyadh)
Business The OPEC logo. Reuters

OPEC Again Cuts 2024, 2025 Oil Demand Growth Forecasts

OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and other regions, marking the producer…

Asharq Al Awsat
Business GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow

GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow

The Saudi General Authority of Civil Aviation (GACA) will take part in the seventh edition of the Bahrain International Airshow, which will be held from…

Asharq Al Awsat
Business Republican presidential candidate former President Donald Trump speaks at the Bitcoin 2024 Conference, July 27, 2024, in Nashville, Tenn. (AP)

Record-Breaking Bitcoin Surges Towards $90,000 on Trump Boost

Bitcoin rallied to the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as US president on expectations his…

Business A logo is pictured outside the World Trade Organization (WTO) in Geneva, Switzerland, September 28, 2021. REUTERS/Denis Balibouse/File Photo

WTO to Hold Special Meeting End-Nov to Weigh Chief's Reappointment

The World Trade Organization plans a special meeting of its top decision-making body later this month where a decision could be made on the reappointment its…

Asharq Al Awsat
Business CEO of the Saudi Authority for Intellectual Property Dr. Abdulaziz Al-Suwailem addresses the audience. (Asharq Al-Awsat)

Saudi Arabia Brings Together WIPO’s Intellectual Property Community Outside Geneva for 1st Time

Saudi Arabia is gathering the global intellectual property community in Riyadh to shape the future of design rights at the Diplomatic Conference for the Design…

Bandar al-Mosalam (Riyadh)
Business National Housing Company (NHC) CEO Mohammed Al-Buty speaks at Cityscape Global. (Asharq Al-Awsat)

Projects, Agreements Exceeding $48 Billion Expected at Cityscape Global in Riyadh

Saudi Arabia’s real estate sector is experiencing a surge in growth, marked by record-breaking deals expected at the second annual Cityscape Global 2024, the…

Ayat Nur (Riyadh)
Business  Leaders arrive for a group photo at the COP29 UN Climate Summit, Tuesday, Nov. 12, 2024, in Baku, Azerbaijan. (AP)

World Leaders Descend on Azerbaijan’s Capital Baku for United Nations Climate Talks

World leaders are converging Tuesday at the United Nations annual climate conference in Baku, Azerbaijan although the big names and powerful countries are…

Business  A masked woman walks at a fashion boutique displaying posters to promote Singles' Day discounts at a shopping mall in Beijing, Monday, Nov. 11, 2024. (AP)

China’s October New Lending Tumbles More than Expected despite Policy Support

New bank lending in China tumbled more than expected to a three-month low in October, as a ramp-up of policy stimulus to buttress a wavering economy failed to…

Business Security personnel walk outside the venue of the COP29 conference. (AP)

COP29 President to Asharq Al-Awsat: We Aim for Fair Climate Ambitions, Value Saudi Efforts

The appointed president of the UN Conference on Climate Change (COP29), Mukhtar Babayev, emphasized that the conference has a clear vision to advance ambition…

Mosaed al-Zayani (Riyadh)
Business A ROSHN project in Saudi Arabia (ROSHN website)

Saudi ROSHN Group Reveals Rebranding

ROSHN Group, a pioneering real estate developer backed by Saudi Arabia’s Public Investment Fund, has introduced on Sunday a new identity and strategic focus…

Asharq Al Awsat (Riyadh)
Business FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown, File)

Oil Falls as US Storm Threat Abates, China Stimulus Disappoints

Oil prices extended declines on Monday as the threat of a supply disruption from a US storm eased and after China's stimulus plan disappointed investors…

Asharq Al Awsat
Business The five-day forum attracted a large number of entrepreneurs from various countries and featured over 300 panel discussions and workshops. (SPA)

Biban24 Forum in Riyadh Concludes with Signing of Agreements Worth SAR35.4 Billion

The Biban24 Forum, organized by Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at), concluded in Riyadh on Saturday after five days with…

Business People walk past an exchange office in Cairo, Egypt, Tuesday, Nov. 5, 2024. (AP)

Egypt’s Headline Inflation Inches up to 26.5% in October

Egypt's annual urban consumer price inflation edged up to 26.5% in October from 26.4% in September, slightly below expected, data from the country's statistics…

Business A man walks outside a building in the central business district in Beijing on November 10, 2024. (AFP)

Asia, the World’s Economic Engine, Prepares for Trump Shock

Some Asian countries stand to gain if US president-elect Donald Trump pushes ahead with his promised massive tariffs on China and triggers a new wave of…

Business  Indonesian President Prabowo Subianto gestures as he delivers a speech during the Indonesia-China Business Forum in Beijing, Sunday, Nov. 10, 2024. (AP)

Indonesia’s New Leader Calls for Collaboration with China before Heading to the US

Indonesia's new leader called for collaboration rather than confrontation with China after the signing of $10 billion in new deals at a business forum on…

Business King Abdulaziz International Airport sets new daily passenger record with 161,189 travelers. (SPA)

King Abdulaziz Int'l Airport Sets New Daily Passenger Record with 161,189 Travelers

The Jeddah Airports Company has announced a new milestone for King Abdulaziz International Airport, with a record-breaking 161,189 passengers on a single day,…

Asharq Al Awsat
Business Model of natural gas pipeline and Turkey flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights

World Bank in Talks to Help Finance $28 bln Turkish Energy Upgrade

The World Bank is in talks with Türkiye to help finance an upgrade to the country's energy transmission system expected to cost about $28 billion, the World…

Asharq Al Awsat