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’s Financial Center (SPA)

Saudi Arabia Registers Highest PMI Performance among G20 in December

A recent report revealed that Saudi Arabia ranked first among the G20 countries as it had the highest performance in the Purchasing Managers’ Index (PMI) in…

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

Oil Extends Fall on Signs of Weak Fuel Demand, Strong Dollar

Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from US Federal Reserve officials dampened hopes of interest rate cuts,…

Asharq Al Awsat
Business A general view of Riyadh, Saudi Arabia. (Getty Images)

Unemployment Down, Number of Women up in Saudi Labor Market in 2023

The Saudi Ministry of Human Resources and Social Development unveiled a series of impressive achievements in the pursuit of a more efficient and effective…

Business A representative of a foreign oil and gas company walks to drop his contract documents in the box during a ceremony of sixth licensing round for oil and gas projects at the Iraqi ministry of oil in Baghdad, Iraq, 11 May 2024. (EPA)

Chinese Companies Win More Bids to Explore for Iraq Oil and Gas

Chinese companies won four bids to explore Iraqi oil and gas fields, Iraq's oil minister said on Sunday as the Middle Eastern country's hydrocarbon exploration…

Business The Saudi Minister of Environment, Water and Agriculture during his visit to Nigeria. (Asharq Al-Awsat)

Riyadh Explores Agricultural Investment Opportunities in Africa

Saudi Arabia recently concluded agreements with a number of African countries with the aim to achieve sustainable agricultural development and promote food…

Ayat Nur (Riyadh)
Business Photo by SPA

Saudi Arabia, UK Boost Strategic Partnership Digital Govt. Sector

Saudi Governor of the Digital Government Authority (DGA) and Chairman of the Executive Committee of the Digital Cooperation Organization (DCO), Eng. Ahmed…

Asharq Al Awsat
Business Most China watchers say Beijing still has its work cut out - Photo by EPA

China's Economy Signals Demand Recovery

China's consumer prices rose for a third straight month in April, while producer prices extended declines, signalling an improvement in domestic demand, as…

Asharq Al Awsat
Business Alfadley's tour of Africa included visits to Senegal, Côte d’Ivoire, Nigeria, and Ghana - SPA

Saudi Arabia, Ghana Strengthen Collaboration in Agriculture, Food Security

Saudi Minister of Environment, Water, and Agriculture Eng. Abdulrahman Alfadley and Minister of Food and Agriculture of Ghana Dr. Bryan Acheampong reached an…

Asharq Al Awsat
Business FILE PHOTO: Iraq's oil minister Hayan Abdel-Ghani speaks during a press conference at Iraq's Majnoon oil field near Basra, Iraq, May 12, 2023. REUTERS/Essam Al-Sudani/File Photo

Iraq Launches Oil, Gas Licensing Round for 29 Projects

Iraq is holding an oil and gas licensing round for 29 projects in a bid to develop its huge gas reservoirs to help power the country and lure billions of…

Asharq Al Awsat
Business STA secured over 40 agreements, including collaborations with Flyadeal, Noon, and China i2i Group - SPA

Saudi Tourism Secures Over 40 New Partnerships at Arabian Travel Market

The Saudi Tourism Authority (STA) celebrated its participation at the Arabian Travel Market (ATM) this week, signing major new agreements with trade partners…

Asharq Al Awsat
Business  A worker checks solar panels at a factory in Jiujiang in central China’s Jiangxi province on March 16, 2018. The Biden administration is planning to announce new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China. (Chinatopix via AP)

US Plans to Impose Major New Tariffs on EVs, other Chinese Green Energy Imports

The Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China,…

Asharq Al Awsat
Business President of the European Union Chamber of Commerce in China Jens Eskelund speaks during a press conference for European Chamber in Beijing, China, Friday, May 10, 2024. China is actively seeking foreign investment to boost its slowing growth, but that very sluggishness is weighing on company plans to grow their businesses in the world’s second largest economy, an annual survey of more than 500 European companies has found. (AP Photo/Ng Han Guan) (Ng Han Guan / Associated Press)

European Companies are Less Upbeat About China’s Vast Market as its Economy Slows

China is actively seeking foreign investment to boost its slowing growth, but that very sluggishness is weighing on company plans to expand their businesses in…

Asharq Al Awsat
Business A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker/File Photo Purchase Licensing Rights

ECB Set Scene for June Rate Cut at Last Meeting

Euro zone inflation remains on track to fall back to 2% next year, so European Central Bank policymakers will likely start cutting interest rates from a…

Asharq Al Awsat
Business Production of gold at Novosibirsk precious metals plant·Reuters

Gold Set for Best Week in Five

Gold prices climbed on Friday, en route to their best week in five, with zero-yield bullion building on momentum fuelled by weaker US jobs data this week that…

Asharq Al Awsat
Business Photo by SPA

Saudi Arabia, Nigeria Explore Agricultural, Food Security Cooperation Opportunities

The Saudi Minister of Environment, Water, and Agriculture Eng. Abdulrahman Alfadley, accompanied by his delegation, engaged in discussions with the Nigerian…

Asharq Al Awsat
Business Saudi EXIM Bank participated in the Riyadh International Industry Week 2024 (Photo: Turki Al-Aqili)

Local, Int’l Partnerships Enhance Market Access for Saudi Products

The Riyadh International Industry Week 2024 concluded on Thursday with the signing of a number of local and international partnerships and agreements, with the…

Asharq Al Awsat (Riyadh)
Business CEO of the Saudi Tadawul Group, Khalid Al-Hussan (Asharq Al-Awsat)

Saudi Arabia, Hong Kong to Establish Fund to Track Stock Indices

The first global edition of the Capital Markets Forum, organized by the Saudi Tadawul Group and the Hong Kong Exchanges and Clearing Limited (HKEX), kicked off…

Asharq Al Awsat (Hong Kong)
Business FILE PHOTO: Passengers of a flight from Amsterdam arrive at the international airport in Athens, Greece, June 15, 2020. REUTERS/Alkis Konstantinidis/File Photo

Greece to Bring in Egyptian Farm Workers Amid Labor Shortage

Greece will start bringing in workers from Egypt this summer to take on temporary farming jobs under a deal between the countries to tackle a labor shortage,…

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 Exits Recession with Fastest Growth in Nearly Three Years

Britain's economy grew by the most in nearly three years in the first quarter of 2024, ending the shallow recession it entered in the second half of last year…

Asharq Al Awsat
Business Israeli soldiers in the Gaza Strip amid the ongoing conflict between Israel and Hamas (Reuters)

Israel Budget Deficit Hits 7%/GDP in April

Israel posted a budget deficit of 11.7 billion shekels ($3.1 billion) in April, the Finance Ministry said on Thursday, citing higher spending as a result of…

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

US Overtakes China as Germany’s Top Trading Partner

The United States overtook China as Germany's most important trading partner in the first quarter of this year, according to Reuters. Germany's trade with…

Asharq Al Awsat
Business AlUla entered into a strategic partnership with Riyadh Air. SPA

Riyadh Air, AlUla Partner to Promote Saudi Tourism Attractions Worldwide

AlUla entered into a strategic partnership with Riyadh Air, Saudi Arabia's new world-class airline that has announced an ambitious target to fly to over 100…

Asharq Al Awsat
Business The General Directorate of Passports assigns students who speak English, Spanish, Indonesian, Japanese, Persian, Urdu, Turkish and other languages to the airports in Jeddah and Madinah in order to facilitate communication and dealing with Hajj pilgrims. (SPA)

Saudia Airlines Unveils Comprehensive Hajj Plan for 1.2 Million Pilgrims

Saudia Airlines, the national carrier, has unveiled its operational plan for the upcoming Hajj season. The plan prioritizes the smooth transportation of over 1…

Asharq Al Awsat
Business Mawani Ports Handle 27 Million Tons of Cargo in April

Mawani Ports Handle 27 Million Tons of Cargo in April

The ports of the Saudi Ports Authority (Mawani) recorded an increase in cargo throughput tonnage by 8.58% during April 2024, handling 27,107,961 tons, compared…

Asharq Al Awsat