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 Smoke rises following an Israeli air strike on Khiam in southern Lebanon on October 29, 2024. (AFP)

Hezbollah-Israel Conflict Threatens Lebanon’s Fragile Economy, Report Says

Analysis from a humanitarian group working in Lebanon forecasts two scenarios in its report on the Hezbollah-Israel conflict, both predicting a severe economic…

Business FILE PHOTO: The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo

Aramco, Petrovietnam Sign Collaboration Framework Agreement

Saudi Aramco has signed a Collaboration Framework Agreement with Vietnam Oil and Gas Group (Petrovietnam), paving the way for potential cooperation spanning…

Asharq Al Awsat (Dhahran)
Business  Women carrying rifles walk on Dizengoff Square, amid the ongoing conflict between Israel and Hamas in Gaza and the hostilities between Hezbollah and Israeli forces, in Tel Aviv, Israel, October 28, 2024. (Reuters)

Israel Cuts 2024 Growth Estimate as Conflict with Hezbollah Escalates

Israel's economy lost about 14 billion shekels ($3.75 billion) since the military conflict with Hezbollah in Lebanon escalated over the past month, the Finance…

Business Riyadh will host the second edition of Cityscape Global 2024 in November. (Cityscape Global)

Riyadh to Host Global Real Estate Leaders at Cityscape Global 2024 Exhibition in November

Riyadh will host the second edition of Cityscape Global 2024 in November. Saudi Minister of Municipalities and Housing Majed Al-Hogail will inaugurate the…

Business Future Minerals Forum in Riyadh to Host World’s Largest Gathering of Geological Survey Leaders in January

Future Minerals Forum in Riyadh to Host World’s Largest Gathering of Geological Survey Leaders in January

The fourth Future Minerals Forum, scheduled to be held in Riyadh in January, will host two prominent international meetings: the second International Meeting…

Business Saudi Minister of Investment Khalid Al-Falih (c) at the FII plenary session on Tuesday. (SPA)

FII Discusses AI Role in Driving Digital Transformation

A plenary session at the eighth edition of the Future Investment Initiative (FII8) Conference in Riyadh addressed the significance of resetting the global…

Business Sweden’s Minister for International Development Cooperation and Foreign Trade Benjamin Dousa. (Turky Al-Agili)

Swedish Minister: FII Opportunity to Bolster Cooperation, Development with Africa

Sweden’s Minister for International Development Cooperation and Foreign Trade Benjamin Dousa stressed that the Future Investment Initiative, currently underway…

Fatehelrahman Yousif (Riyadh)
Business The 8th edition of the Future Investment Initiative (FII) conference kicked off in Riyadh on Tuesday. (SPA)

Future Investment Initiative Conference Kicks off in Riyadh

The 8th edition of the Future Investment Initiative (FII) conference kicked off in Riyadh on Tuesday under the patronage of Custodian of the Two Holy Mosques…

Business The Minister of Industry and Mineral Resources speaks at the International Social Responsibility Forum. (Asharq Al-Awsat)

Alkhorayef: Major Saudi Companies Excel in Implementing Social Responsibility

Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, emphasized that corporate social responsibility (CSR) is a key tool for connecting…

Asharq Al Awsat (Riyadh)
Business Saudi Finance Minister Mohammed Al-Jadaan addresses the audience at the New Africa summit in Riyadh. (Asharq Al-Awsat)

‘New Africa Summit’ in Riyadh Explores Economic Opportunities in the Continent

The New Africa Summit, held on the sidelines of the annual Future Investment Initiative (FII) in its eighth edition in Riyadh, provided a platform for global…

Asharq Al Awsat (Riyadh)
Business Sultan Haitham bin Tariq met on Monday at Al-Baraka Palace with business leaders, owners of SMEs, and startup representatives. (ONA)

Sultan of Oman Stresses Private Sector’s Role, Alongside Government, in Employing Citizens

Sultan Haitham bin Tariq of Oman emphasized the role of the private sector in creating job opportunities for Omanis, urging businesses to make use of the…

Asharq Al Awsat (Muscat)
Business The inaugural Global Corporate Social Responsibility (CSR) Forum kicked off in Riyadh on Monday. (SPA)

Global Corporate Social Responsibility Kicks off in Riyadh

The inaugural Global Corporate Social Responsibility (CSR) Forum kicked off in Riyadh on Monday under the patronage of Custodian of the Two Holy Mosques King…

Business The flag of Saudi Arabia (Asharq Al-Awsat)

Saudi Exports Launches 'Import from Saudi' to Boost National Products in New Global Markets

The Saudi Export Development Authority (Saudi Exports) has launched the "Import from Saudi" Service, designed to connect international importers with Saudi…

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

Gold Retreats as Investors Await US Economic Data

Gold prices eased on Monday, weighed down by a firmer dollar and higher Treasury yields while traders await a slew of US economic data for guidance on the US…

Asharq Al Awsat
Business A residential project of the Ministry of Municipalities and Housing (Asharq Al-Awsat)

Population Growth Drives Saudi Real Estate Prices to 15th Consecutive Increase

Real estate prices in Saudi Arabia have continued their upward trajectory for the fifteenth consecutive quarter since early 2021. In the third quarter of this…

Mohammed al-Mutairi (Riyadh)
Business Aramco fully owns the Wa’ed Ventures Fund, valued at $500 million.

Aramco’s Investment Arm Allocates $100 Million to Artificial Intelligence

The investment arm of Saudi Aramco has allocated $100 million to invest in startups in the field of artificial intelligence, with the aim of accelerating Saudi…

Asharq Al Awsat (Riyadh)
Business The Saudi Minister of Economy and Planning addresses attendees at the Saudi-Emirati Economic Forum. (Asharq Al-Awsat)

Saudi-UAE Trade Exchange Reaches $244 Billion in 10 Years

The Saudi-Emirati Economic Forum, which kicked off at the Federation of Saudi Chambers headquarters in Riyadh on Sunday, highlighted significant growth in…

Asharq Al Awsat (Riyadh)
Business The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. (Reuters)

Vale Partners with China’s Jinnan Steel to Build Iron Ore Processing Plant in Oman

Brazilian miner Vale, one of the world's largest iron ore producers, said on Monday it had partnered with China's Jinnan Steel Group to build an iron ore…

Business Oil pump jacks work at sunset near Midland, Texas, US, August 21, 2019. REUTERS/Jessica Lutz/File Photo

Oil Slumps More than 4% after Iran Downplays Israeli Strikes

Oil prices tumbled more than $3 a barrel on Monday after Israel's retaliatory strike on Iran over the weekend bypassed Tehran's oil and nuclear facilities and…

Asharq Al Awsat
Business One of the dialogue sessions of the Future Investment Initiative in its previous edition (Asharq Al-Awsat)

Future Investment Initiative Conference Gathers Global Decision-Makers in Riyadh

Under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, Riyadh is set to launch the eighth edition of the Future Investment…

Asharq Al Awsat (Riyadh)
Business A view of the Saudi capital Riyadh. (Getty Images)

Global Corporate Social Responsibility Forum to Kick off in Riyadh on Monday

The Saudi Ministry of Human Resources and Social Development will hold in Riyadh on Monday the inaugural Global Corporate Social Responsibility (CSR) Forum…

Business The conference aligns with SAR's efforts to achieve the objectives of the National Transport and Logistics Strategy under Saudi Vision 2030 by attracting and localizing cutting-edge railway technologies. (Saudi Arabia Railways)

Riyadh to Host Saudi Rail Conference and Exhibition on November 20-21

Riyadh is slated to host the inaugural edition of the Saudi Rail Conference and Exhibition on November 20-21, under the patronage of Minister of Transport and…

Business BRICS leaders call for increased financial resources and stronger partnerships to address land degradation, desertification, and drought. (SPA)

BRICS Leaders Call for Urgent Action on Land Degradation Ahead of UNCCD COP16 in Riyadh

BRICS leaders called for increased financial resources and stronger partnerships to address land degradation, desertification, and drought ahead of a major UN…

Business Hydrogen H2 Filling Nozzles are plugged into a hydrogen filling station for trucks and cars in Berlin, Germany January 11, 2023. REUTERS/Michele Tantussi/ File Photo

India and Germany Launch Green Hydrogen Roadmap

Germany and India plan to strengthen their cooperation in the field of hydrogen, which stands as a beacon of hope for clean energy, especially if renewable…

Asharq Al Awsat (New Delhi)