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 Finance Minister Mehmet Simsek said Türkiye must boost its 'deterrent power' due conflict in the region - AFP

Turkish Govt Defends Tax Plan to Fund Defense Industry

The Turkish government defended a proposed tax on credit cards on Tuesday, saying it was needed to fund the arms industry and protect the country as conflict…

Asharq Al Awsat
Business A view shows ingots 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

Gold Stalls as Buoyant US Dollar Keeps Gains in Check

Gold prices held steady on Tuesday as the US dollar remained near two-month highs, with markets caught between profit-taking and prospects for further rate…

Asharq Al Awsat
Business Agility signed a new MoU to explore and develop logistics zones connected to railway projects in Saudi Arabia. (Asharq Al-Awsat)

Kuwait’s Agility Begins Major Expansion at Logistics Complex in Riyadh

The Kuwaiti company Agility has announced plans to expand its logistics complex in Riyadh by adding 100,000 square meters of modern warehouses, bringing the…

Asharq Al Awsat (Riyadh)
Business People take shelter as sirens sound in central Israel in response to what the Israel's military says projectiles fired from Lebanon, in Tel Aviv, Israel October 14, 2024. (Reuters)

Israel GDP Growth Revised Down to 0.3% as Gaza War Takes Economic Toll

Israel's economy grew slower in the second quarter than previously thought, data showed on Tuesday, as Israel's war in Gaza against the Palestinian group Hamas…

Business Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has met in Rome with Italian Minister of Environment and Energy Security Gilberto Fratin in Rome. SPA

Saudi Arabia, Italy Discuss Cooperation on Clean Energy

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has met in Rome with Italian Minister of Environment and Energy Security Gilberto Fratin to…

Asharq Al Awsat
Business Steam rises from the chimneys of a thermal power plant and an oil refinery amid smog in Omsk, Russia October 14, 2024. REUTERS/Alexey Malgavko

Oil Falls as Demand Outlook Weakens, Iran Supply Disruption Concerns Ease

Oil prices slid as much as $3 to a near two-week low during Asian trade on Tuesday on the back of a weaker demand outlook and after a media report said Israel…

Asharq Al Awsat
Business The Global Logistics Forum addressed key topics in the transport and logistics sector. (Asharq Al-Awsat)

Global Logistics Forum in Riyadh Paves the Way for Strategic Partnerships

The Global Logistics Forum, which concluded in Riyadh on Monday, saw the signing of over 60 strategic local and international partnerships and memorandums of…

Asharq Al Awsat (Riyadh)
Business Motorists commute as a construction site is seen in Beijing on October 12, 2024. (AFP)

IMF Says Global Public Debt to Top $100 Trillion, Growth May Accelerate

The world's total public debt is set to exceed $100 trillion this year for the first time, and may grow more quickly than forecast as political sentiment…

Business Officials are seen at the signing ceremony between Algeria’s Sonatrach group and Spain's Cepsa. (Algerian Ministry of Energy and Mines)

Algeria and Spain Invest in Clean Energies to Overcome Their Political Differences

Algeria’s Sonatrach group and Spain's Cepsa kicked off Monday a project to produce green hydrogen and derivatives in the North African country. The move…

Asharq Al Awsat (Algiers)
Business Employees work on solar photovoltaic modules that will be exported at a factory in Lianyungang, in China's eastern Jiangsu province on January 4, 2024. (Photo by AFP)

China's Exports Miss forecasts as Lone Bright Spot Fades

China's export growth slowed sharply in September while imports also unexpectedly decelerated, undershooting forecasts by big margins and suggesting…

Asharq Al Awsat (Beijing)
Business The agreement seeks to enhance cooperation in the fields of oil and gas, petrochemicals, electricity, renewable energy, energy efficiency, and circular carbon economy technologies. SPA

Saudi Arabia, Philippines Sign Energy Cooperation Agreement

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz has met with the Philippines Energy Secretary Raphael Lotilla and signed with him a…

Asharq Al Awsat (Riyadh)
Business Saudi Minister of Transport and Logistic Services and Chairman of the Board of Directors of the Transport General Authority Saleh Al-Jasser and Egypt’s Minister of Transport and Industry Lieutenant General Kamel Al-Wazir signed the MoU on the sidelines of the first edition of the Global Logistics Forum in Riyadh. (SPA)

Saudi Arabia, Egypt Sign Agreement on Maritime Connectivity at Global Logistics Forum

Saudi Arabia and Egypt signed on Monday a memorandum of understanding on maritime connectivity. Saudi Minister of Transport and Logistic Services and…

Business Saudi MODON Wins Five Regional Awards for Human Resources Development, Women Empowerment

Saudi MODON Wins Five Regional Awards for Human Resources Development, Women Empowerment

The Saudi Authority for Industrial Cities and Technology Zones (MODON) has achieved a significant milestone by securing five leading regional awards in human…

Business Egypt plans to increase natural gas production from several key concession areas, including its giant Zohr field, in 2025. (Getty Images)

Egypt Eyes Gas Production Increase

Egypt plans to increase natural gas production from several key concession areas, including its giant Zohr field, in 2025, Petroleum Minister Karim Badawi said…

Business The official spokesperson for Saudi Airlines, Engineer Abdullah Al-Shahrani (Asharq Al-Awsat)

Saudi Airlines: Electric Aircraft Will Connect Key Regions of the Kingdom by End of 2026

The official spokesperson for Saudi Airlines, Engineer Abdullah Al-Shahrani, told Asharq Al-Awsat that the 100 electric aircraft purchased from the German…

Ayat Nur (Riyadh)
Business A view shows ingots 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

Gold Steady as Investors Assess China's Stimulus Plans

Gold prices held steady on Monday as investors assessed China's weekend stimulus announcement, while also focusing on US Federal Reserve officials' comments…

Asharq Al Awsat
Business Officials are seen at the Saudi-French security conference in Riyadh. (Asharq Al-Awsat)

25 French Companies Offer Partnership Opportunities with Saudi Arabia in Cyber Security

Twenty-five French companies specializing in cybersecurity have presented significant partnership opportunities with their Saudi counterparts to help bolster…

Fatehelrahman Yousif (Riyadh)
Business The agreement was signed by Director General of the Finance Department at Saudi EXIM Bank Eng. Abdulatif Al-Ghaith and Chief Operating Officer of DL Hudson Limited Moises Portillo, in London. (SPA)

Saudi EXIM Bank, DL Hudson Sign $50 Million Credit Facility Agreement

The Saudi EXIM Bank signed Sunday a $50 million credit facility agreement with DL Hudson Limited, aiming to promote the growth of Saudi non-oil exports by…

Asharq Al Awsat (London)
Business Officials take part in the panel discussion at the Global Logistics Forum 2024. (SPA)

Saudi Investment Minister Emphasizes Role of Transportation, Logistics in Driving Global Development

Saudi Minister of Investment Khalid Al-Falih emphasized on Sunday the crucial role of transportation and logistics in driving global development. During the…

Business Saudi Minister of Transport and Logistic Services Saleh Al-Jasser inaugurated in Riyadh on Sunday the Global Logistics Forum 2024. (SPA)

Saudi Transport Minister Inaugurates Global Logistics Forum 2024

Under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, Saudi Minister of Transport and Logistic Services Saleh Al…

Business  People arrive at the Beijing railway station in Beijing on October 10, 2024. (AFP)

China’s Deflationary Pressures Build in Sept, Consumer Inflation Cools

China's consumer inflation unexpectedly eased in September, while producer price deflation deepened, heightening pressure on Beijing to roll out more stimulus…

Business IMF Managing Director Kristalina Georgieva (Reuters)

IMF to Lower Member Borrowing Costs… Egypt among Beneficiary Countries

The International Monetary Fund on Friday approved measures that will reduce its members' borrowing costs by about $1.2 billion annually, the fund's Managing…

Asharq Al Awsat (Egypt)
Business A drone view shows flames emerging from flare stacks at Nahr Bin Umar oil field, in Basra, Iraq June 30, 2024. REUTERS/Mohammed Aty/File Photo

Iraqi Oil Output was Below OPEC+ Quota in September, Says Gov't Official

Iraq produced 3.94 million barrels per day (bpd) of oil in September, less than its OPEC+ output quota of about 4 million bpd, an Iraqi official said on…

Asharq Al Awsat
Business File photo of Saudi flag/Asharq Al-Awsat

Saudi Arabia Hosts Regional Trade Policy Course for Middle East Participants

The Kingdom of Saudi Arabia, represented by the General Authority of Foreign Trade, is hosting the Regional Trade Policy Course for Middle Eastern countries…

Asharq Al Awsat