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 Gold Hits Record High on Global Uncertainties

Gold Hits Record High on Global Uncertainties

Gold prices surged to a record high on Wednesday, as conflicts in the Middle East and uncertainty surrounding the upcoming US election spurred demand for safe…

Asharq Al Awsat
Business Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef speaks at the Global Health Forum. (Asharq Al-Awsat)

Al-Khorayef: Saudi Arabia Seeking to Localize Large Range of Pharmaceutical Industries

Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef revealed that around 8,000 types of medicines are consumed in the Kingdom, highlighting…

Asharq Al Awsat (Riyadh)
Business The General Manager of Pharmaceuticals for Saudi Arabia and the Gulf at Sanofi (Asharq Al-Awsat).

Sanofi Official to Asharq Al-Awsat: Manufacturing Insulin Pens in Saudi Arabia

As part of new agreements announced at the 7th edition of the Global Health Forum, Saudi Arabia signed deals to localize the production of 3 to 4 types of…

Ayat Nur (Riyadh)
Business The meetings in Jeddah saw wide regional and global presence. (Saudi Air Navigation Services Company)

Saudi Arabia Hosts First ICAO Meetings in the Middle East

The Saudi Air Navigation Services Company celebrated on Sunday the International Day of the Air Traffic Controller, observed annually on Oct. 20. The event,…

Asharq Al Awsat (Jeddah )
Business The 41st Saudi Agricultural Exhibition was inaugurated in Riyadh on Monday. (SPA)

Saudi Agricultural Exhibition Opens with Over SAR800 Million in Development Investments

Saudi Minister of Environment, Water and Agriculture Eng. Abdulrahman Alfadley inaugurated on Monday the 41st Saudi Agricultural Exhibition in Riyadh. The…

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

Gold Hovers near Record High on Safe-haven Demand

Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the US election, ongoing Middle East tensions,…

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

Oil Prices Dip as Geopolitical Risks Stabilize, China Demand Weighs

Oil prices eased on Tuesday as the top US diplomat renewed efforts to push for a ceasefire in the Middle East and as slowing demand growth in China, the world…

Asharq Al Awsat
Business The seventh edition of the Global Health Exhibition kicked off in Riyadh on Monday. (SPA)

Global Health Exhibition 2024 Kicks off in Riyadh with SAR50 Billion in Investments

The seventh edition of the Global Health Exhibition kicked off in Riyadh on Monday. Held under the slogan "Invest in Health", the exhibition was held under…

Business Central bank governor Wassim Mansouri attends a press conference at Lebanon's Central Bank building in Beirut, Lebanon August 25, 2023. REUTERS/Mohamed Azakir/File Photo

Lebanon to Be Put on Financial Crime Watchlist this Week

Lebanon is set to be placed on a grey list of countries under special scrutiny by a financial crime watchdog at the end of this week, despite requests from…

Asharq Al Awsat
Business Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz/File Photo

Oil Prices Regain Some Ground after 7% Loss Last Week

Oil prices rose on Monday, recouping some of last week's more than 7% decline on worries about demand in China, the world's top oil importer, and easing…

Asharq Al Awsat
Business Housing complexes for workers affiliated with the Royal Commission in Yanbu (SPA)

Saudi PIF Invests in Workers' Housing to Meet Demands of Megaprojects

The Public Investment Fund (PIF) has announced plans to invest in workers’ housing and develop more residential complexes for laborers involved in Saudi Arabia…

Bandar al-Mosalam (Riyadh)
Business  Saudi Aramco CEO Amin Nasser speaks at the Singapore International Energy Week (SIEW), Singapore October 21, 2024. (Reuters)

Saudi Aramco CEO ‘Fairly Bullish’ on China Oil Demand

Saudi Aramco is "fairly bullish" on China's oil demand especially in light of the government's stimulus package which aims to boost growth, the head of the…

Business A field visit organized by the Saudi Ministry of Industry for local and foreign companies to mining sites in the Kingdom. (SPA)

49 Projects Qualify for Saudi Arabia's 'Mining Exploration Empowerment Program'

Forty-nine projects submitted by six local and international companies have qualified in the first round of Saudi Arabia’s “Mining Exploration Empowerment”…

Asharq Al Awsat (Riyadh)
Business A man walks in front of banners for the 2024 autumn Annual Meetings outside the headquarters of the IMF in Washington (AFP)

IMF, World Bank Meetings Clouded by Wars, Slow Economic Growth, US Election

Global finance chiefs will gather in Washington this week amid intense uncertainty over wars in the Middle East and Europe, a flagging Chinese economy and…

Asharq Al Awsat
Business MBC Group inaugurates its sprawling new headquarters complex in the capital city of Riyadh in 2022 (SPA)

MBC Group Sells Part of Its Stake in Al Arabia for $110 Million

MBC Group on Sunday sold part of its stake in Arabian Contracting Services Co. (Al Arabia), comprising 2.45 million shares, or 4.9% of Al Arabia's share…

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 Hits Fresh High In Record-Setting Rally Amid Global Uncertainties

Gold rose to a fresh high on Monday, extending its blazing rally amid uncertainties surrounding the US election, simmering Middle East tensions and rate cuts…

Asharq Al Awsat
Business Egypt's Ministry of Petroleum & Mineral Resources Karim Badawi speaks during a panel discussion as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, US, September 17, 2024. REUTERS/Callaghan O'Hare/File Photo

Egypt Cuts 2040 Renewable Energy Target to 40%, Keeps Focus on Natural Gas

Egypt has revised its renewable energy target for 2040 down to 40% from a previous goal of 58%, Petroleum Minister Karim Badawi said on Sunday, underscoring…

Asharq Al Awsat
Business Riyadh accounts for about 60% of total real estate deals (Reuters)

High Demand, Lower Interest Rates Boost Growth in Saudi Arabia’s Real Estate Transactions

High demand for residential units in Saudi Arabia’s major cities, along with a recovery in the real estate market driven by lower interest rates, has boosted…

Mohammed al-Mutairi (Riyadh)
Business One of the bilateral meetings held by the Saudi Minister of Industry and Mineral Resources in Spain (Asharq Al-Awsat)

Saudi Arabia and Spain Discuss Opportunities to Localize the Drone, Ships and Cars Industry

Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef have discussed mutual opportunities with leaders of major Spanish companies to localize…

Asharq Al Awsat (Madrid)
Business Tourism Minister Ahmed Al-Khateeb met with a number of Chinese investors in Beijing (Asharq Al-Awsat)

Saudi Arabia and China Explore Promising Tourism Opportunities

Saudi Tourism Minister Ahmed Al-Khateeb met with the Chinese Tourism Association to explore investment opportunities and means to strengthen bilateral ties in…

Asharq Al Awsat (Beijing)
Business Ships and containers are seen at a Chinese port. Reuters file photo

WTO Chief Economist Views Geopolitical Tensions as Main Risk to Int'l Trade

Geopolitical tensions, notably those in the Middle East, remain the main risk to international trade, World Trade Organization (WTO) Chief Economist Ralph Ossa…

Asharq Al Awsat (Beijing)
Business The Saudi and Spanish delegations meet in Madrid on Saturday. (SPA)

Saudi Industry Minister Discusses Mining Investments with Spanish Energy Minister

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held talks in Madrid on Saturday with Spanish Minister of State for Energy Sara Aagesen…

Business FILE PHOTO: Media members observe the stock quotation board at the Tokyo Stock Exchange in Tokyo, Japan, August 6, 2024. REUTERS/Willy Kurniawan/File Photo

Japan's Core Inflation Rate Slows in September

Japanese inflation slowed in September with prices up 2.4 percent on-year, not including volatile fresh food, official data showed Friday. The core Consumer…

Asharq Al Awsat
Business Porta Nuova's financial district is seen in downtown Milan, Italy, May 16, 2018. REUTERS/Stefano Rellandini/File Photo Purchase Licensing Rights

Fitch Revises Italy's Outlook to 'Positive' on Stronger Fiscal Performance

Global credit ratings agency Fitch on Friday revised its outlook on Italy to 'positive' from 'stable', citing recent improvements in the fiscal performance of…

Asharq Al Awsat