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 At the signing ceremony, sitting front row, from left, CNBM General Manager Assistant Zhi Xiao and Aramco Senior Vice President of Engineering Services Khalid Al Qahtani. Standing, from left, CNBM Chairman Zhou Yuxian, Aramco President & CEO Amin H. Nasser, and Aramco Executive Vice President of Technical Services Wail Al Jaafari (Aramco)

Saudi Aramco Collaborates with China's CNBM in Advanced Materials, Industrial Development

Saudi Aramco signed on Tuesday a five-year cooperation framework agreement with the China National Building Material Group Company (CNBM) to explore new…

Asharq Al Awsat (Riyadh)
Business People's Bank of China (PBoC) Governor Pan Gongsheng leaves after a press conference in Beijing, China September 24, 2024. (Reuters)

China Unleashes Broad Stimulus Package to Revive Economy

China has unleashed a swath of stimulus measures including cuts to its benchmark interest rate as Beijing battles a slowdown in the world’s second-largest…

Asharq Al Awsat (Beijing)
Business Commuters wait at a bus stop during heavy rain in Bangkok on September 24, 2024. (Photo by Chanakarn Laosarakham / AFP)

Thailand Kicks Off 1st Phase of $14 Bln ‘Digital Wallet Stimulus Scheme

Thailand's government on Wednesday launched the first phase of its flagship $14 billion stimulus handout scheme, which will eventually see an estimated 45…

Asharq Al Awsat
Business Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visits the New York Stock Exchange (NYSE) on Tuesday. (SPA)

Saudi Minister of Industry Briefed on Latest Financial Technologies at New York Stock Exchange

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visited the New York Stock Exchange (NYSE) on Tuesday. He was briefed on its latest…

Business The interest rate cut will positively affect the Saudi stock market. (AFP)

Interest Rate Cut Boosts Corporate Revenues in Saudi Stock Market

Economic analysts predict that the recent 50-basis-point interest rate cut will positively impact the Saudi stock market by boosting liquidity, attracting more…

Mohammed al-Mutairi (Riyadh)
Business People walk near high-rise buildings in the high-tech business area of Tel Aviv, Israel May 15, 2017. (Reuters)

Israeli Economy Struggles under Weight of Gaza War

Nearly a year of war in Gaza has battered Israel's economy, and poverty is now threatening communities including in areas far removed from the fighting against…

Business Saudi Arabia recently announced the discovery of mineral resources with an estimated value exceeding SAR 9.3 trillion ($2.5 trillion). (SPA)

Saudi Arabia to Establish First Women's Mining Association

The mining sector in Saudi Arabia has made remarkable strides since 1997, when the Kingdom first developed a strategy for the industry. However, the sector…

Business An imaginary drawing of the joint project between Dar Global Real Estate and Mouawad (Asharq Al-Awsat)

Dar Global, Mouawad Announce $234.6 Million Luxury Residential Project in Riyadh

London-listed real estate company, Dar Global, has partnered with luxury jeweler Mouawad to launch a SAR880 million ($234.6 million) residential project near…

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

Gold Prices Sprint to Record High on Dovish Fed-Speak, Mideast Concerns

Gold prices charged to another record high on Tuesday, aided by broadly dovish comments from US Federal Reserve officials and escalating tensions in the Middle…

Asharq Al Awsat
Business A man holds an Israeli flag as he stands in front of a large picture of Israeli Prime Minister Benjamin Netanyahu (Reuters)

Rising Geopolitical Tensions Driving Up Israel’s Cost of Insuring Sovereign Debt

Israel's economic concerns are growing amid rising geopolitical tensions and ongoing military conflicts, reflecting the profound impact of these crises on…

Asharq Al Awsat (London) Asharq Al Awsat (Jerusalem)
Business Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef. (SPA)

Saudi Minister of Industry and Mineral Resources Starts Official Visit to US

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef kicked off on Monday an official visit to the United States, seeking to bolster industry and…

Business People cross a street at Martyrs Square in Tripoli, Libya, July 5, 2021. (Reuters)

Libyan Dinar Slips on Black Market amid Central Bank Crisis

Libya's dinar currency is losing value against the US dollar in the country's black market amid a crisis over control of the central bank that has slashed oil…

Asharq Al Awsat
Business FILED - 16 March 2023, Bavaria, Munich: Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Photo: Sven Hoppe/dpa

US Rate Cut, Geopolitical Woes Lift Gold to Record High

Gold extended gains to scale a record high on Monday, driven by the momentum generated by the Federal Reserve's interest rate cut and safe-haven demand due to…

Asharq Al Awsat
Business A chemical/oil tanker (L) passes a container ship at the Port of Los Angeles on September 20, 2024 in Los Angeles, California. (Getty Images North America / AFP)

Oil Climbs on Middle East Escalation Fears, US Fed Rate Cut 

Oil prices rose on Monday, buoyed by concerns that heightened conflict in the Middle East may curtail regional supply and expectations last week's outsized US…

Business Emaar The Economic City is tasked with developing King Abdullah Economic City (official website)

Emaar The Economic City Submits Capital Cut Request to CMA

Saudi Arabia’s Emaar The Economic City (EEC) said on Sunday it submitted an application to the Capital Market Authority (CMA) to lower its capital, based on…

Asharq Al Awsat (Riyadh)
Business The logo of the Omani company OQ in a gas field in the Sultanate (X)

Oman's OQEP to Offer 25% Stake in IPO Starting End of September

The Financial Services Authority (FSA) in Oman on Sunday approved the prospectus of OQ Exploration and Production Company (OQEP) for public offering (IPO)…

Asharq Al Awsat (Dubai )
Business Japan’s Ambassador Extraordinary and Plenipotentiary to Saudi Arabia Fumio Iwai. (Japanese Embassy in Saudi Arabia)

Japan, Gulf Continue Discussions on Free Trade Agreement

Japan’s Ambassador Extraordinary and Plenipotentiary to Saudi Arabia Fumio Iwai underscored on Sunday the strategic ties that bind his country with the Kingdom…

Fatehelrahman Yousif (Riyadh)
Business Saudi Arabia lends great support to its non-oil sectors, as part of its economic diversification plan, with non-oil activities contributing 68.4% to the GDP in 2023. (Photo by SPA)

GCC Statistical Center Praises Saudi Arabia's Achievements on 94th National Day

The Gulf Cooperation Council Statistical Center praised the remarkable achievements made throughout Saudi Arabia during its 94-year journey, highlighting key…

Asharq Al Awsat
Business DCO Secretary-General Deemah AlYahya - SPA

DCO Launches Digital Economy Navigator to Bridge Digital Economy Gap Worldwide

The Digital Cooperation Organization (DCO) has launched its inaugural Digital Economy Navigator (DEN) that enables countries to better navigate the paths to…

Asharq Al Awsat
Business Mahmoud Sulaimani, Managing Director of Siemens Energy Saudi Arabia (Asharq Al-Awsat)

Siemens Energy Saudi Arabia Managing Director Urges Increased Investment in Arab Power Networks

Mahmoud Sulaimani, Managing Director of Siemens Energy Saudi Arabia, is urging Arab countries to boost investments in power plants to better handle future…

Sabri Najeh (Cairo)
Business Saudi Arabia Record Highest Int’l Tourism Growth among G20 Countries in First 7 Months of 2024

Saudi Arabia Record Highest Int’l Tourism Growth among G20 Countries in First 7 Months of 2024

Saudi Arabia has once again registered the highest growth in international tourism figures in the first seven months of this year among the G20 countries,…

Business Cyprus President Nikos Christodoulides is seen during a meeting with representatives of Greece and Cyprus to discuss the modalities of a subsea cable envisaged to link Cyprus to continental Europe at the Presidential Palace in Nicosia, Cyprus September 10, 2024. (Reuters)

Cyprus Signs MoU with Greece on ‘World’s Longest’ Subsea Electric Cable

Greece and Cyprus have signed a memorandum of understanding (MoU) to press ahead with a subsea electric cable linking continental Europe to the East…

Business People wait to drink tea in the historical Merkato district in Addis Ababa, Ethiopia, on September 14, 2024. (AFP)

Ethiopians Struggle with Bitter Pill of Currency Reform

In a small fashion store in Ethiopia's capital, Medanit Woldegebriel's dresses have almost doubled in price in the past two months, sending customers fleeing. …

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

Interest Rate Cut Boosts Saudi Real Estate Activity

Experts expect the recent 50-basis-point interest rate cut by the Saudi Central Bank (SAMA) to boost the Kingdom’s real estate market. The move is likely to…

Mohammed al-Mutairi (Riyadh)