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 Riyadh Air and Delta Air Lines planes. Asharq Al-Awsat

Riyadh Air, Delta Unveil Strategic Partnership

Riyadh Air has partnered with US carrier Delta Air Lines with the goal of operating flights between Saudi Arabia and the United States, the airlines said on…

Asharq Al Awsat (Atlanta)
Business FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo

Saudi Aramco to Issue US dollar-Denominated Bonds

Saudi Aramco has said it intends to issue US dollar-denominated international bonds under its Global Medium Term Note Program. Aramco hired banks to sell…

Asharq Al Awsat (Riyadh)
Business Egyptian cabinet met on Tuesday (Asharq Al-Awsat)

Egypt Approves $200 Million in Energy Projects

Egypt approved five agreements for gas and crude oil exploration projects for a number of international and national companies, with expected investments of…

Asharq Al Awsat (Cairo)
Business FILE PHOTO: Isla Oil Refinery PDVSA terminal in Willemstad on the island of Curacao, February 22, 2019. REUTERS/Henry Romero/File Photo

Oil Prices Slip as Concerns over Hurricane Damage Ease

Oil prices slipped on Tuesday after a hurricane that hit a key US oil-producing hub in Texas caused less damage than markets had expected, easing concerns over…

Asharq Al Awsat
Business An employee of “Ejada” performs inspection duties at a commercial shop. Asharq Al-Awsat

Riyadh Municipality Adopts New Approach to Boost Business Compliance

Riyadh Municipality has introduced a new model for inspection and oversight aimed at promoting compliance culture and raising awareness of regulatory laws…

Bandar al-Mosalam (Riyadh)
Business Kazakhstan raised oil and gas condensate production in June by 4% from May on a daily basis to 7.24 million metric tons. Reuters

Kazakhstan Prepares Plan to Compensate for Oil Overproduction

Kazakhstan will compensate for oil output exceeding its OPEC+ quota in the first half of this year by September 2025, its energy ministry said on Monday,…

Asharq Al Awsat (London)
Business FILE PHOTO: A man walks into the JP Morgan headquarters at Canary Wharf in London May 11, 2012. REUTERS/Dylan Martinez/File Photo

JPMorgan Cuts Forecast for Emerging Market Corporate Defaults

Investment bank JPMorgan cut on Monday its forecast of the number of emerging market companies expected to default on their debt, following the biggest…

Asharq Al Awsat (London)
Business The Boeing logo is displayed on one of its buildings in El Segundo, California, USA, 08 July 2024. EPA/CAROLINE BREHMAN

FAA Orders Inspection of 2,600 Boeing 737s Over Oxygen Mask Issue

The Federal Aviation Administration said on Monday it is requiring inspections of 2,600 Boeing 737 airplanes because passenger oxygen masks could fail during…

Asharq Al Awsat
Business An MoU was signed to strengthen cooperation between Saudi Arabia and Romania. SPA

Saudi, Romanian Transport Ministers Sign MoU on Logistics Services

Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser has met with Romanian Minister of Transport, Infrastructure, and Communications…

Asharq Al Awsat (Riyadh)
Business Britain's Chancellor Rachel Reeves delivers a speech at the Treasury to an audience of leading business figures and senior stakeholders, announcing the first steps the new government will be taking to deliver economic growth, in London, Monday July 8, 2024. (Jonathan Brady/Pool Photo via AP)

UK Treasury Chief: Stimulating Economic Growth is New Labour Government's Mission

Britain's new Labour government will make stimulating economic growth its mission, the Treasury chief said Monday, pledging to limit bureaucracy to make it…

Asharq Al Awsat (London)
Business FILE PHOTO: Oil pump jacks are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo

Oil Slips as Gaza Talks Ease Supply Worries; Hurricane Beryl in Focus

Oil prices slid on Monday after rising for four weeks, as the prospect of a ceasefire deal in Gaza eased tensions in the Middle East, while investors assessed…

Asharq Al Awsat
Business A part of Ras Al Khair Industrial City, which is considered the main cornerstone of the mining industry in the Kingdom (SPA)

Saudi Arabia Issues 86 Industrial Licenses in April Worth $587 Million

Saudi Arabia's Ministry of Industry and Mineral Resources issued 86 new industrial licenses in April, totaling investments of SAR2.2 billion (USD587 million)…

Asharq Al Awsat (Riyadh)
Business Saudi Arabia's Liquidity Hits All-Time High of SAR2.825 Trillion

Saudi Arabia's Liquidity Hits All-Time High of SAR2.825 Trillion

Saudi Arabia's liquidity levels continued to grow strongly, reaching SAR2,825,715 million at the end of May 2024, marking an annual growth of approximately 8.6…

Business A participant holds a French flag during an election night rally following the first results of the second round of France's legislative election at Place de la Republique in Paris on July 7, 2024. (AFP)

Euro Falls as Markets Brace for French Post-election Gridlock

The euro slipped on Sunday after projections from France's election pointed to a hung parliament and an unexpectedly strong showing for the left-wing New…

Business  Vehicles are carried by ferry across Aransas Pass as Hurricane Beryl moves closer to the Texas coast, Saturday, July 6, 2024, in Port Aransas, Texas. (AP)

US Coast Guard Says Hurricane May Shut Oil Ports

The US Coast Guard warned of possible Texas port closures from Corpus Christi to Houston and began restricting vessel traffic because of Tropical Storm Beryl,…

Business A worker at a supermarket in South Korea puts bags of instant noodles on the shelves (Yonhap news agency)

South Korea’s Food Exports Rose to $6.2 Billion in 6 Months

South Korea's exports of food and related goods rose 5.2% on-year in the first half of 2024, government data showed, led by the popularity of instant noodles…

Asharq Al Awsat
Business Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights

China Autos Group 'Strongly Dissatisfied' with EU Anti-subsidy Tariffs

The China Association of Automobile Manufacturers (CAAM) is "strongly dissatisfied" with anti-subsidy tariffs proposed by the European Union, the industry…

Asharq Al Awsat
Business A view of the Palace of Westminster which houses Britain's parliament, during the general election, in London, Britain, July 5, 2024. REUTERS/Hannah McKay Purchase Licensing Rights

British Assets Gain, Mid-cap Stocks Lead after Labour Election Win

British domestic-focussed mid-cap stocks were the biggest gainers on Friday after the centre-left Labour Party surged to a comprehensive win in a parliamentary…

Asharq Al Awsat
Business A German flag blows in the wind in front of a stack of containers at the harbour in Hamburg, Germany, February 24, 2022. REUTERS/Fabian Bimmer/File Photo Purchase Licensing Rights

German Coalition Reaches Breakthrough on 2025 Budget, Financial Plan

The leaders of Germany's three-party coalition on Friday achieved a breakthrough in negotiations on the national budget for 2025, dpa has learnt from…

Asharq Al Awsat
Business The government also sharply revised down its estimate of job growth for April and May by a combined 111,000.  (Reuters pic)

US Employers Added Solid 206,000 Jobs in June

US employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the US economy’s ability to withstand high…

Asharq Al Awsat
Business N/A

Green Investments Surge in Saudi Arabia with Circular Economy, Clean Hydrogen Tech

Saudi Arabia is pushing towards achieving carbon neutrality by 2060 and developing a green economy. Skytower Investments, a renewable technology, green…

Fatehelrahman Yousif (Riyadh)
Business Kuwait’s Finance and Investment Minister Dr. Anwar Al-Mudhaf (Asharq Al-Awsat)

Kuwait Finance Minister Forecasts $85 Bn Deficit Over Next Four Years

Kuwait’s Finance and Investment Minister, Dr. Anwar Al-Mudhaf, anticipates a budget deficit of 26 billion dinars ($85 billion) over the next four years…

Asharq Al Awsat (Kuwait)
Business FILE PHOTO: Oil pump jacks are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo

Oil Prices on Track for Fourth Straight Week of Gains

Oil prices dipped on Friday but were on track for a fourth straight week of gains and were near their highest levels since late April on hopes of strong summer…

Asharq Al Awsat
Business Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo

Gold Set for Second Straight Weekly Rise

Gold prices firmed on Friday and were set for a second straight weekly gain, while traders awaited US employment data to gauge the trajectory of the Federal…

Asharq Al Awsat