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 Cityscape Global Returns to Riyadh in November under the Theme 'The Future of Living'

Cityscape Global Returns to Riyadh in November under the Theme 'The Future of Living'

Riyadh will host the second edition of Cityscape Global, the region’s leading real estate event, in November. Organized by Saudi Arabia’s Tahaluf, the event…

Business The partnership is part of national efforts to boost local coffee production, which will support the economy and help achieve the goals of the Kingdom's Vision 2030. (SPA)

Estidamah, Saudi Coffee Company Join Forces to Boost Kingdom’s Coffee Industry

The National Research and Development Center for Sustainable Agriculture (Estidamah) and the Saudi Coffee Company signed a strategic memorandum of cooperation…

Business The supermoon rises behind the historical site of Giza Pyramids, near Cairo, Egypt, Monday, Aug. 19, 2024. (AP)

Egypt’s Foreign Debt Drops $7.4 Billion in First Quarter 

Egypt's foreign debt fell by $7.4 billion in the first three months of 2024, according to central bank data released on Tuesday. The country's finances were…

Business A miniature model of a robot holding a toy and the words ‘Artificial Intelligence’ appear in the background (Reuters)

3 Key Ways AI Boosts Sustainability Efforts in Saudi Arabia

Saudi Arabia’s Future Investment Initiative (FII) Institute expects artificial intelligence (AI) to improve energy infrastructure and cut operational costs,…

Asharq Al Awsat
Business The Saudi benchmark index ended Monday’s session, closing at 12,023 points, 42 points higher than the previous day’s close, with total trading valued at about $2.13bln

Saudi Market Reclaims 12,000-Point Level

The Saudi stock market index has risen above the 12,000-point level, thanks to strong earnings from listed companies and global market declines. Analysts…

Mohammed al-Mutairi (Riyadh)
Business FILE PHOTO: Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil in Carson, California, US, March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo

Oil Prices Edge Down on Easing Geopolitical Risks, Weak China Demand

Oil prices edged lower on Tuesday as Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, helping ease concerns over supply…

Asharq Al Awsat
Business Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. (SPA)

Riyadh to Host Global Logistics Forum 2024 Under Patronage of Custodian of the Two Holy Mosques

The Ministry of Transport and Logistic Services announced that the Global Logistics Forum 2024 will be held from October 12 to 14 at the King Abdullah…

Business Saudi PIF's Assets under Management Exceeds SAR2.871 Trillion in 2023

Saudi PIF's Assets under Management Exceeds SAR2.871 Trillion in 2023

Saudi Arabia’s Public Investment Fund (PIF) released on Monday its annual report for 2023, providing an overview of its performance and financials for the year…

Business A car parking in Makkah. (SPA)

Motor Insurance Revenues in Saudi Arabia Grow by 38% in 2023

In 2023, the vehicle insurance sector in Saudi Arabia generated approximately SAR 12 billion ($3.19 billion), accounting for 21 percent of the total insurance…

Business The Duqm Materials Market project will open new horizons of cooperation between businessmen in China and the Sultanate of Oman

Duqm Materials Market Opens as Third Project in China-Oman Industrial City

Duqm Materials Market, the third project in the China-Oman Industrial City for light and medium industries, was inaugurated on Sunday at the Special Economic…

Asharq Al Awsat (Muscat)
Business Minister of Human Resources and Social Development Ahmed Al-Rajhi at the launch of the Jadarat platform. (Asharq Al-Awsat)

Saudi Arabia Offers 70,000 Jobs Through New Unified National Employment Platform

The Saudi government has introduced “Jadarat,” a new national job platform designed to simplify the job search process and connect job seekers with employers…

Asharq Al Awsat (Riyadh)
Business A Palestinian inspects the damage of a destroyed house following an Israeli air strike in the Al-Maghazi refugee camp in the Gaza Strip (EPA)

Israel’s Economic Growth Slows in Q2 amid Gaza Conflict

Israel's economy grew less than expected in the second quarter of 2024, extending a period of volatility since the start of the war in Gaza, which Israeli…

Asharq Al Awsat (Jerusalem)
Business SALIC participates as a Gold Sponsor in the Saudi Agricultural Exhibition which was held in October 2023 (Company’s website)

SALIC to Sell Entire Stake in Alasmak for $32.5 Million

The Saudi Fisheries Co. (Alasmak) said it received a letter from its shareholder, Saudi Agricultural and Livestock Investment Co. (SALIC), of selling its…

Asharq Al Awsat (Riyadh)
Business IsDB Finances Sudan’s Upper Atbara Dam Complex Project with $135 Million

IsDB Finances Sudan’s Upper Atbara Dam Complex Project with $135 Million

The Islamic Development Bank (IsDB) announced on Sunday a $135 million financing package for the Upper Atbara Dam Complex project in eastern Sudan. This…

Business  Saudi Arabian Airlines plane, is seen at the airport of the Red Sea resort of Sharm el-Sheikh, Egypt, August 9, 2021. (Reuters)

Saudia Ranks First Globally in On-Time Performance for 2nd Consecutive Time

Saudia, the national flag carrier of Saudi Arabia, continues to top the global list for on-time performance (OTP), achieving this milestone for the second time…

Business Inauguration of the first flight from Cairo to Arar International Airport

Cluster 2 Airports Inaugurates First Flight from Cairo to Arar Airport in Saudi Arabia

Cluster 2 Airports Company announced the launch of the first international flights from Cairo International Airport to Saudi Arabia’s Arar International…

Asharq Al Awsat
Business SIRC announced earlier this week that it has exported its first recycled and heat-washed PET flakes to a major UK recycled PET bottle manufacturer. (The company’s website)

Saudi Arabia Plans to Recycle, Export PET Flakes

Saudi Arabia is accelerating its efforts to enhance the recycling and export of polyethylene terephthalate (PET) chips, with the aim to achieve environmental…

Fatehelrahman Yousif (Riyadh)
Business Pedestrians wak past an electronic board displaying the Nikkei Stock Average figure, in Tokyo, Japan (EPA)

Japan Imposes New Regulations on Chip Supply-Chain Network

Japan has decided to apply foreign trade regulations to chipmaking equipment as part of its efforts to secure stable supply chains, the Finance Ministry said…

Asharq Al Awsat (Tokyo)
Business The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C. (Reuters)

Fed's Goolsbee: Don't Want to Tighten Longer Than Necessary

Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that the US economy is not showing signs of overheating, so central bank officials…

Asharq Al Awsat (Washington )
Business A general view of an oilfield in Libya, December 3, 2014. REUTERS/Ismail Zitouny/

Libya's Waha Oilfield Resumes Flows to Es-Sider Port

Maintenance on the Zaggut-Sidra pipeline linking Libya's Waha oilfield to the port of Es-Sider has been completed and flows have resumed, Waha Oil Company said…

Asharq Al Awsat
Business The conference will take place from September 3 to 5 at the Riyadh Front Exhibition & Conference Center

Riyadh to Host the 24 Fintech Conference in September

Riyadh will host next month the 24 Fintech Conference, the first edition of the international conference specialized in the financial technology sector. The…

Asharq Al Awsat (Riyadh)
Business Russian President Vladimir Putin (L) chairs a meeting with members of the Security Council at the Novo-Ogaryovo state residence, outside Moscow, Russia, 16 August 2024.   EPA/ALEKSEY BABUSHKIN/SPUTNIK/KREMLIN

Russia Readies for ‘Decades’ under Western Sanctions

Economic sanctions imposed by the West on Russia will remain in place for decades, even if there is a peaceful settlement in Ukraine, a senior Russian foreign…

Asharq Al Awsat
Business An employee at a gold shop in Khan El Khalili, Cairo (Reuters)

Gold Headed for Weekly Gain as Sept US Rate Cut Views Firm

Gold prices edged up on Friday and were set for a weekly gain on growing optimism about a September US rate cut, although expectations the Federal Reserve will…

Asharq Al Awsat
Business The Royal Commission for Riyadh City (RCRC) headquarters. Photo: RCRC website

Contracts Awarded to Implement 1st Phase of Developing Riyadh Road Network

The Royal Commission for Riyadh City (RCRC) has awarded four road development contracts worth SR13 billion ($3.46 billion) as part of the first phase of the…

Asharq Al Awsat (Riyadh)