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 A participant shows gold bars during the 21st edition of the international gold and jewelry exhibition at the Kuwait International Fairgrounds in Kuwait City on May 23, 2024. (Photo by Yasser AL ZAYYAT / AFP)

Gold Prices Dip on Hawkish Fed Minutes

Gold prices fell for a third straight session on Thursday after minutes from the most recent Federal Reserve meeting indicated that some officials were…

Asharq Al Awsat
Business Group photo of officials during the Airports Council International Conference (Asharq Al-Awsat)

Saudi Arabia Hosts Int’l Conference to Improve Traveler Experience

Officials and investors in the airport industry developed innovative strategies to facilitate the traveler’s experience, during the Airports Council…

Bandar al-Mosalam (Riyadh)
Business Lebanese policeman stand outside the parliament building in downtown Beirut, Lebanon October 17, 2017. REUTERS/Mohamed Azakir

IMF: Lebanon's Reforms Insufficient for Recovery

Lebanon's economic reforms are insufficient to help lift the country out of its economic crisis, the International Monetary Fund (IMF) said on Thursday. …

Business Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef holding talks in Jordan with Arab Mining Company chairman of the board Mohammed Ahmed Al-Shehhi - SPA

Saudi Industry Minister Discusses Mining Cooperation with Jordanian Companies

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef met in Jordan with Arab Mining Company chairman of the board Mohammed Ahmed Al…

Asharq Al Awsat
Business King Abdulaziz International Airport gets crowned as one of the most advanced airports in air connectivity in the Middle East - SPA

King Abdulaziz International Airport Achieves Top Places in 2023 ACI Rankings

King Abdulaziz International Airport (KAIA) was crowned one of the most advanced airports in air connectivity in the Middle East by the Airports Council…

Asharq Al Awsat
Business Saudi EXIM Bank Signs Two Cooperation Agreements with Japan's SMBC, MUFG Banks

Saudi EXIM Bank Signs Two Cooperation Agreements with Japan's SMBC, MUFG Banks

Saudi EXIM Bank signed two cooperation agreements with SMBC Business Banking and MUFG Bank, fostering cooperation and creating co-financing opportunities to…

Asharq Al Awsat
Business Photo by SPA

Saudi Arabia, Spain Discuss Ways of Boosting Cooperation in Air Transportation

The Saudi Minister of Transport and Logistics, Eng. Saleh bin Nasser Al-Jasser, met with the Minister of Transport and Sustainable Mobility of the Kingdom of…

Asharq Al Awsat
Business The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

S&P: SoftBank Group Upgraded to 'BB+'

Credit ratings agency S&P said SoftBank Group was upgraded to 'BB+' and subordinated debt to 'B+' on improvement in asset Quality. According to the agency,…

Asharq Al Awsat
Business A general view shows Palace of Westminster, home to the Houses of Parliament, and the Elizabeth Tower, commonly known by the name of the bell "Big Ben", in London on June 15, 2023. (Photo by Daniel LEAL / AFP)

UK Inflation Slows to Near Three-year Low

Britain's annual inflation rate slowed to a near three-year low in April as energy prices cooled further, official data showed Wednesday, boosting the…

Asharq Al Awsat
Business Over eight million passengers traveled by train during this period, exceeding previous records - SPA

Saudi Arabia's Railway Network Sees 27% Surge in Q1 2024

Saudi Arabia's railway network is witnessing a surge in activity, with passenger and cargo figures reaching new highs in the first quarter of 2024. Over eight…

Asharq Al Awsat
Business A model of a Chinese-made COMAC (C919) aircraft at the company’s pavilion at the Future Aviation Forum in Riyadh. (Photo: Turky Al-Agili)

China’s COMAC Seeks to Enter Saudi Aviation Market

Chinese aircraft manufacturer COMAC, which launched its first international flights in February, expressed its desire to enter the Saudi aviation market and…

Business People attend the Future Aviation Forum in the Saudi capital Riyadh on May 20, 2024. (AFP)

IATA to Asharq Al-Awsat: We Will Open Regional Headquarters in Riyadh Soon

Kamil Al-Awadhi, Vice President of Africa and Middle East at International Air Transport Association (IATA), revealed that the association intends to open a…

Business Equinor's Johan Sverdrup oilfield platforms and accommodation jack-up rig Haven are pictured in the North Sea, Norway December 3, 2019. (Reuters)

Oil Slips for Third Day on Likely ‘Higher for Longer’ US Sates 

Oil prices fell over 1% on Wednesday, retreating for a third straight day on expectations the Federal Reserve might keep US interest rates higher for longer…

Business Saudi Crown Prince Mohammed bin Salman holds a video call with Japanese Prime Minister Fumio Kishida on the sidelines of the Saudi Arabia-Japan Vision 2030 Forum. (SPA)

Saudi Crown Prince Emphasizes Kingdom’s Commitment to Stable Oil Supplies to Japan

Prince Mohammed bin Salman, Crown Prince and Prime Minister of Saudi Arabia, underscored on Tuesday the Kingdom’s commitment to maintaining the supply of crude…

Mohammed al-Mutairi (Riyadh) Asharq Al Awsat (Tokyo)
Business Saudi Minister of Finance and chairman of the board of directors of the National Center for Privatization (NCP) Mohammed Al-Jadaan. (SPA)

Saudi National Center for Privatization Awarded Over 60 Contracts in 8 Targeted Sectors 

Saudi Minister of Finance and chairman of the board of directors of the National Center for Privatization (NCP) Mohammed Al-Jadaan took part in Beijing on…

Business Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef is seen at the Saudi Food Show in Riyadh. (SPA)

Al-Khorayef: Saudi Arabia Seeking to Provide Comprehensive Food Security Solutions

Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef emphasized that the food industry sector is not merely a source of food production, but a…

Business An aerial view shows the Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia, Aug.12, 2022. (Reuters Photo)

India's Russian Oil Imports Rise to Nine-month High in April

India's Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers operated by Russia's largest shipping company Sovcomflot…

Asharq Al Awsat
Business Saudi Finance Minister Mohammed Al-Jadaan and his Chinese counterpart Lan Fo’an meet in Beijing. (Photo taken from X)

Al-Jadaan: China Is a Major Partner in Saudi Arabia’s Transformation under Vision 2030

Saudi Finance Minister Mohammed Al-Jadaan said China is a partner in the ongoing economic transformation in Saudi Arabia under Vision 2030, pointing to…

Asharq Al Awsat (Riyadh)
Business Executive Vice President for Economic Policies and Logistics Services at GACA Awad Al-Sulami. (Photo: Turki Al-Agili)

GACA Vice President: New Saudi Air Carrier to Be Launched Soon

Saudi Arabia is preparing to announce a new national air carrier in 2024 in line with the country’s goal to reach 250 global destinations by 2030. In…

Ayat Nur (Riyadh)
Business The president of the International Civil Aviation Organization (ICAO) during their speech at the Future Aviation Forum 2024 in Riyadh (Asharq Al-Awsat)

Future Aviation Forum 2024 in Riyadh Highlights Global Investment Opportunities

The third edition of the Future Aviation Forum 2024 has kicked off in Riyadh, welcoming more than 5,000 industry leaders from 120 nations. The event highlights…

Asharq Al Awsat (Riyadh)
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 Slips from Record Levels as Dollar Holds Ground

Gold prices eased on Tuesday as the US dollar firmed, the metal backing away from a record peak hit in the previous session as a fusion of bullish factors…

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 Prices Fall on Fear of High US Interest Rates Depressing Demand

Oil prices fell in early Asian trade on Tuesday, with investors anticipating higher-for-longer US inflation and interest rates will depress consumer and…

Asharq Al Awsat
Business Saudia said it is increasing flights and seat capacity across its existing 100-plus destinations to meet the country's goal of attracting more than 150 million tourists by 2030. (AFP file)

Saudi Arabia’s National Carrier Orders More than 100 New Airbus Jets

Saudi Arabia's national airline ordered more than 100 new Airbus jets, it said on Monday. Saudia Group, which represents the Saudia airline and its budget…

Business FILE PHOTO: A gas flame is seen in the desert near the Khurais oilfield, about 160 km from Riyadh, Saudi Arabia June 23, 2008. REUTERS/Ali Jarekji/File Photo

Saudi Arabia Crude Exports Rise to 6.413 Mln bpd in March

Saudi Arabia's crude oil exports in March rose to 6.413 million barrels per day (bpd) from 6.317 million bpd in February, official data showed on Monday…

Asharq Al Awsat