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 British Deputy Prime Minister Mr. Oliver Dowden speaks to Asharq Al-Awsat

British Deputy PM Says UK to Cooperate with Saudi Arabia on Green Hydrogen, Renewable Energy

British Deputy Prime Minister Mr. Oliver Dowden has said that the UK has agreed with Saudi Arabia to strengthen cooperation in areas such as green and clean…

Fatehelrahman Yousif (Riyadh)
Business Lunate Capital is launching an exchange-traded fund tracking Japanese equities that will be listed on the Abu Dhabi securities exchange (ADX). WAM

Abu Dhabi's Lunate Launches ETF Tracking Japan Equities

Abu Dhabi investor Lunate Capital is launching an exchange-traded fund (ETF) tracking Japanese equities that will be listed on the Abu Dhabi securities…

Asharq Al Awsat (Abu Dhabi)
Business Model of LNG tanker is seen in front of China's flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

China LNG Imports Could Hit Record Levels in 2024

China's liquefied natural gas imports could hit record levels in 2024, a PetroChina official forecast on Wednesday. China is the world's largest LNG buyer,…

Asharq Al Awsat (Beijing)
Business The euro sign is photographed in front of the former headquarters of the European Central Bank in Frankfurt, Germany, April 9, 2019. REUTERS/Kai Pfaffenbach/File Photo

EU Projects Higher Growth in Eurozone

The European Commission on Wednesday projected that inflation in the euro area will continue declining to 2.5 percent in 2024, downwardly revised from 2.7…

Asharq Al Awsat (Frankfurt )
Business Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz has met in Riyadh with the US Secretary of Energy. SPA

Saudi Energy Minister, US Secretary of Energy Sign Roadmap for Cooperation

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz has met in Riyadh with US Secretary of Energy Jennifer M. Granholm. Within the context of…

Asharq Al Awsat (Riyadh)
Business The MoU was signed by the Minister of Transport and Logistics, Saleh bin Nasser Al-Jasser, and the Estonian Minister of Climate, Kristin Michal. SPa

Saudi Arabia, Estonia Sign MoU on Future of Modern Means of Transportation

Saudi Arabia and Estonia have signed a memorandum of understanding (MoU) in the field of modern transportation methods. The MoU was signed by the Minister of…

Asharq Al Awsat
Business Qatar's Minister of State for Energy Affairs and President & CEO of QatarEnergy Saad al-Kaabi, attends a session at the Qatar Economic Forum in Doha on May 15, 2024. (AFP)

Qatar to Sign More Long-Term LNG Contracts This Year, QatarEnergy CEO Says 

Qatar has not had difficulty securing long-term liquefied natural gas (LNG) contracts and will sign more this year, QatarEnergy CEO and State Minister for…

Business Saudi Arabia’s Commerce Minister Majid Al-Qasabi at the GREAT FUTURES Initiative Conference in Riyadh (Asharq Al-Awsat)

‘GREAT FUTURES’ Initiative Launches from Riyadh, Forging Saudi-UK Investment Path

Saudi Arabia and the UK have launched the GREAT FUTURES Initiative to boost investments between the two nations. The initiative aims to explore opportunities…

Asharq Al Awsat (Riyadh)
Business Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas US August 22, 2018. (Reuters)

Oil Prices Rise on US Inventories Drawdown Expectations, CPI Focus

Oil prices rose on Wednesday on expectations for higher demand as the US dollar weakened and a report showed US crude and gasoline inventories fell while the…

Asharq Al Awsat
Business The Mohammed VI Tower in Rabat. (AFP)

China’s Hailiang, Shinzoom to Build Auto Battery Plants in Morocco 

Chinese auto battery manufacturers Hailiang and Shinzoom will set up two separate plants in Morocco, as the country seeks to adapt its growing automotive…

Business Photo by SPA

UK Second Largest Foreign Investor in Saudi Arabia

Saudi Minister of Investment Eng. Khalid Al-Falih highlighted the deep-rooted Saudi-British relations, saying the UK is the second largest foreign investor in…

Asharq Al Awsat
Business Photo by SPA

SEREDO 2024 Exhibition Opens in Jeddah

The Deputy Minister of Municipal Rural Affairs and Housing, Talal bin Mohammed Al-Khunaini, inaugurated the activities of the second edition of the Saudi Real…

Asharq Al Awsat
Business An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in Kazakhstan (Reuters)

Oil Stable as OPEC Maintains Forecasts

Oil prices were little changed on Tuesday, as OPEC maintained its global oil demand forecasts and investors waited on US inflation indicators this week. …

Asharq Al Awsat
Business Jeddah Islamic Port (General Ports Authority)

Geopolitical Tensions Top Bahrain Summit’s Economic Agenda

Geopolitical challenges and tensions in the Middle East cast a shadow over the Arab Summit that will be held in Bahrain on Thursday. However, these challenges…

Asharq Al Awsat (Cairo)
Business A glimpse from the ceremony announcing the final results of the Riyadh Chamber of Commerce elections (Asharq Al-Awsat)

Scores of Protests Invalidate Riyadh Chamber Elections

Saudi Arabia’s Commerce Ministry received numerous complaints from candidates and voters regarding irregularities in the Riyadh Chamber of Commerce elections,…

Bandar al-Mosalam (Riyadh)
Business A salesman arranges gold bangles at a jewelry shop in Chennai, India, on May 10, 2024. (Photo by R. Satish BABU / AFP)

Gold Prices Drift Higher as Key US Inflation Data Looms

Gold prices drifted up on Tuesday, with the spotlight shifting to key inflation reports due this week, which could offer more insights on the pace and scale of…

Asharq Al Awsat
Business The Saudi Giga Projects 2024 kicked off on Monday in Riyadh. (Asharq Al-Awsat)

International Companies Gather in Riyadh to Explore Giga Saudi Projects

More than 600 investors and representatives of local and international companies gathered in Riyadh to explore the Giga projects that are currently being…

Asharq Al Awsat (Riyadh)
Business Saudi Finance Minister Mohammed al-Jadaan. (AP)

Saudi Finance Minister Participates in Qatar Economic Forum 2024

The Saudi Minister of Finance, Mohammed bin Abdullah Al-Jadaan, participates in the fourth edition of the Qatar Economic Forum 2024, held from 14 May through…

Asharq Al Awsat
Business Red Sea Global (RSG) announced a cooperation with Oracle to introduce its technology solutions, including OPERA Cloud Central Hospitality platform, in the Kingdom for the first time. (SPA)

Red Sea Global Announces Cooperation with Oracle

Red Sea Global (RSG) announced on Monday a cooperation with Oracle, a company specialized in hospitality, to introduce its technology solutions, including…

Business The Jeddah Historic District Program and Cruise Saudi signed a memorandum of understanding (MoU) to accommodate the increasing number of international cruise visitors. (SPA)

Jeddah Historic District Program, Cruise Saudi Sign MoU to Take in Rising Number of Int'l Cruise Visitors

The Jeddah Historic District Program and Cruise Saudi, a company fully owned by the Public Investment Fund, signed a memorandum of understanding (MoU) to…

Business flynas hit a record 43% increase in overall seat capacity in Q1 2024 over the same period in 2023. (SPA)

Saudi Arabia’s flynas Reports 51% More Passengers in Q1 2024, 43% Seat Capacity Increase

Saudi Arabia’s flynas announced on Monday the operational results for Q1 of 2024 as it continues to deliver on its ambitious growth strategy and expand its…

Business Iraqi Oil Minister Hayyan Abdul-Ghani during his participation in the licensing round for 29 oil and gas exploration areas on Saturday. (Reuters)

Iraq Stresses Commitment to OPEC+, Does Not Oppose Extending Production Cuts

Iraqi Oil Minister Hayyan Abdul-Ghani resolved a debate that arose on Saturday after comments he made about his country’s refusal to agree to any new cuts in…

Business Trading screen in the Saudi financial market (Reuters)

Tadawul Attracts Six New Listings in May

The current month of May is witnessing momentum in new IPOs in the Saudi financial market, as two companies and a real estate fund were listed during the first…

Asharq Al Awsat (Riyadh)
Business The Jazan region is known for the Saudi coffee plant. (Asharq Al-Awsat)

Saudi Coffee Co. to Open its First Factory in Jazan

The coffee market in Saudi Arabia is expected to grow by 5 percent in the coming years, providing great investment opportunities for the Saudi Coffee Company,…

Bandar al-Mosalam (Riyadh)