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 Containers are loaded at a Saudi port. (SPA)

Saudi Foreign Trade Volume Reaches $131 Billion in 2024

Economists anticipate that Saudi Arabia’s share of global foreign trade will rise in the coming years. Recent data from the General Authority for Statistics …

Fatehelrahman Yousif (Riyadh)
Business FM Badr Abdelatty meets with Japanese Prime Minister Fumio Kishida in Tokyo. (Egyptian Ministry of Foreign Affairs)

Egypt Underlines Japan’s Support for its Tourism, Development Projects

Egypt’s Foreign Minister Badr Abdelatty underscored on Friday Japan’s ongoing support for significant development projects in Egypt and collaboration in the…

Asharq Al Awsat (Cairo)
Business  US Vice President and 2024 Democratic presidential candidate Kamala Harris as she steps off Air Force Two upon arrival at Joint Base Andrews, Maryland, on August 23, 2024. (AFP)

Economists Push Back on Harris Price Gouging Plan

Kamala Harris's price gouging policy has been criticized by economists and analysts, who say it is an uncompetitive proposal that could end up hurting, and not…

Business A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, US June 9, 2016. REUTERS/Richard Carson/File Photo Purchase Licensing Rights

US Buys Nearly 2.5 Million Barrels of Oil for Strategic Petroleum Reserve

The US has bought nearly 2.5 million barrels of oil to help replenish the Strategic Petroleum Reserve after the largest sale ever from the facility in 2022,…

Asharq Al Awsat
Business The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, US, November 22, 2019. REUTERS/Angus Mordant

Oil Up 2% but Set to End the Week Lower on Demand Concerns

Oil prices rose 2% on Friday on a softer dollar but were still set to end the week lower as weaker US employment data raised concerns over the health of the…

Asharq Al Awsat
Business A jeweller shows a gold bar at his shop in downtown Kuwait City on May 20, 2024. (Photo by YASSER AL-ZAYYAT / AFP)

Gold Climbs as Traders Position for Powell's Speech

Gold prices gained on Friday as investors positioned themselves for Federal Reserve Chair Jerome Powell's speech that could shed more light on a potential US…

Asharq Al Awsat
Business Planes stand on the tarmac during a pilots strike of German airline Lufthansa at Frankfurt airport, Germany, November 23, 2016. (Reuters)

Lufthansa to Resume Flights to Amman, Erbil from Aug. 27

Germany's Lufthansa Group will resume flights to Jordan's Amman and Erbil in Iraq from Aug. 27, making use of a northern corridor in Iraqi airspace for the…

Asharq Al Awsat
Business Riyadh hosts many regional headquarters for global companies (Asharq Al-Awsat)

Saudi Investment Climate Draws 184 New Regional Headquarters

Saudi Arabia’s efforts to improve its investment climate are attracting more regional companies. In the second quarter of this year, 57 companies moved their…

Bandar al-Mosalam (Riyadh)
Business The sign on a Taco Bell reustaurant advertises "Now Hiring Managers" in Fitchburg, Massachusetts, US, June 12, 2018. REUTERS/Brian Snyder/File Photo Purchase Licensing Rights

US Jobless Claims, Business Activity Keep Economy on Gradual Cooling Path

The number of Americans filing new applications for unemployment benefits ticked up in the latest week, but appeared to be steadying near a level consistent…

Asharq Al Awsat
Business The logo of Price Waterhouse Coopers is seen at its Berlin office in Berlin, Germany, September 20, 2019. REUTERS/Wolfgang Rattay/File Photo Purchase Licensing Rights

PwC China Faces 6-month Business Ban over Evergrande Audit

Chinese regulators will likely impose a six-month business suspension on a big part of PricewaterhouseCoopers' auditing unit in mainland China, as a penalty…

Asharq Al Awsat
Business Empty tables stand at an empty restaurant at the Hilton Beirut Metropolitan Palace, with a general view visible in the background, in Beirut, Lebanon, August 19, 2024. REUTERS/Amr Alfiky

Minister: Israel-Hezbollah Conflict Cost Lebanon $10 Billion

Lebanon’s hopes of boosting its economy with tourism revenue have been thwarted, after an Israeli airstrike on Beirut’s southern suburbs and threat of all-out…

Asharq Al Awsat (Beirut)
Business Containers waiting to be shipped at a Saudi port. SPA

GASTAT: Saudi Non-oil Exports Increased by 10.5% in Q2

Saudi Arabia’s General Authority for Statistics (GASTAT) said on Thursday that non-oil exports increased by 10.5% compared to Q2 2023. According to the…

Asharq Al Awsat (Riyadh)
Business A view of Lebanon's Central Bank building in Beirut, Lebanon (File photo: Reuters)

Lebanon Central Bank Governor Says 'Working Hard' to Prevent Grey-listing

Lebanon's acting central bank governor said on Thursday that his institution was still striving to prevent being placed on a "grey list" of countries under…

Asharq Al Awsat
Business The seventh annual Aesthetic Medical and Plastic Surgery Forum and Exhibition was held in Riyadh, Saudi Arabia (PHOTO CREDIT/Turki al-Oqaili)

Saudi Arabia: Cosmetic Surgery Attracts Private Sector Investment

In a world obsessed with perfection, cosmetic surgery has become more than just a choice—it’s now an investment in self-esteem and confidence. What was once…

Asharq Al Awsat (Riyadh)
Business A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk

Dollar Down and Oil Slips as Fed Readies Rate Cuts

Oil fell for a fifth day in a row on demand jitters on Thursday, stocks were subdued in Asia, and the dollar hovered near one-year lows as Federal Reserve…

Asharq Al Awsat
Business A general view of a section of a gas platform in the North Sea, June 17, 2024. Leon Neal/Pool via REUTERS/File Photo Purchase Licensing Rights

UK Faces Legal Action over New North Sea Oil, Gas Licences

Britain's decision to issue dozens of new oil and gas exploration licences is being challenged in court by a marine conservation organisation, which argues…

Asharq Al Awsat
Business Euro and US dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights

Euro Currency Emerges a Winner from Market Turmoil

The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have…

Asharq Al Awsat
Business A view shows gas wells at Bovanenkovo gas field owned by Gazprom on the Arctic Yamal peninsula, Russia May 21, 2019. REUTERS/Maxim Shemetov

EU Gas Storage Near Full as Bloc Prepares for Winter

European Union countries have nearly filled their gas storage as the bloc readies for winter and the potential stoppage of Russian gas deliveries via Ukraine,…

Asharq Al Awsat
Business A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/ File Photo Purchase Licensing Rights

Oil Prices Steady after Days of Losses

Oil prices steadied on Wednesday, with benchmark Brent holding above $77 a barrel, after steady sell-offs driven by expectations of reduced Chinese demand and…

Asharq Al Awsat
Business National Water Company Builds Three Reservoirs in Riyadh

National Water Company Builds Three Reservoirs in Riyadh

The National Water Company (NWC) revealed in a press release that it recently completed the construction and operation of several water reservoirs to support…

Asharq Al Awsat
Business The flag of Saudi Arabia. Asharq Al-Awsat

14th Saudi Green Building Forum to be Held in Riyadh on October

The 14th Saudi Green Building Forum will be held in Riyadh from October 6 to 8 under the patronage of Minister of Municipalities and Housing Majed Al-Hogail…

Asharq Al Awsat
Business Real estate in Makkah, western Saudi Arabia (SPA)

Real Estate Market Creates Positive Momentum in Saudi Market

In its first year, the Saudi real estate exchange recorded approximately 619,000 real estate transactions valued at over $273 billion (SAR 1.025 trillion),…

Mohammed al-Mutairi (Riyadh)
Business Riyadh Air is wholly owned by the Public Investment Fund. (Asharq Al-Awsat)

Saudi PIF Expands Investment Portfolio in Transport, Logistic Services

The Saudi Public Investment Fund (PIF) is actively diversifying its investments across promising sectors and is strategically leveraging the Kingdom’s central…

Bandar al-Mosalam (Riyadh)
Business FILE PHOTO: A view of the Stena forth drill rig for Springfield Group, the first independent African energy company to discover oil in deep sea, is pictured at the sea near Takoradi, Ghana November 15, 2019. REUTERS/Kweku Obeng/File Photo

Oil Slips on Higher US Crude Stocks, Easing Mideast Tensions

Oil prices slipped on Wednesday on estimates showing swelling US crude inventories and expectations that tensions in the Middle East were easing following a…

Asharq Al Awsat