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 FILE PHOTO: A combine harvests wheat in a field near the town of Akkol, some 110 km (68 miles) north of the capital Astana October 11, 2011. REUTERS/Shamil Zhumatov

Iran to Import No Wheat until March 2025

Iran will not import any wheat until March 2025 as it will rely on domestic production, the Iranian Student News Agency reported a deputy at the Agriculture…

Asharq Al Awsat
Business Turkish President Recep Tayyip Erdogan arrives to speak at a presser after Friday noon prayer in Istanbul, Friday, May 3, 2024. (AP Photo/Khalil Hamra)

Türkiye Cenbank Lifts Inflation Forecast, Pledges to Keep it Contained

Türkiye's central bank nudged up its year-end inflation forecast to 38% on Thursday and governor Fatih Karahan said it would "do whatever it takes" to avoid…

Asharq Al Awsat (Ankara)
Business FILED - 16 March 2023, Bavaria, Munich: Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Photo: Sven Hoppe/dpa

Gold Little Changed with US Economic Data on Tap

Gold prices were little changed on Thursday as investors awaited US economic data including weekly jobless claims numbers that could offer more cues on when…

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

Oil Rises on US Crude Storage Draw, China Imports Show Year-on-year Gain

Oil prices rose on Thursday as falling US crude inventories amid rising refinery intake and a year-on-year increase in Chinese imports last month supported…

Asharq Al Awsat
Business One of the traders monitors the performance of stocks in the financial market (AFP)

Saudi Banks Profit from Rising Lending, Deposit Volumes

Financial analysts connect the 8.2% increase in net profits for Saudi banks in the first quarter of 2024 to strong lending, higher demand for loans, and…

Mohammed al-Mutairi (Riyadh)
Business The European Chamber of Commerce in the Kingdom of Saudi Arabia (ECCKSA) was inaugurated in Riyadh on Wednesday.

Opening of European Chamber in Riyadh Signals New Partnership Era

The European Chamber of Commerce in the Kingdom of Saudi Arabia (ECCKSA)officially opened its doors in Riyadh on Wednesday, marking a new phase in trade and…

Bandar al-Mosalam (Riyadh)
Business A man counts Egyptian notes outside bank in Cairo, Egypt October 24, 2016. REUTERS/Mohamed Abd El Ghany

Egypt's Annual Urban Consumer Price Inflation Decreased to 32.5% in April

Egypt's annual urban consumer price inflation rate decreased to 32.5% in April from 33.3% in March, slowing slightly more than analysts had expected, data from…

Asharq Al Awsat
Business Since last year, the Saudi Arabian Capital Market Authority (CMA) has fined 39 investors with fines exceeding SAR 403 million (Asharq Al-Awsat)

Saudi Market: Strict Penalties Target Financial Manipulators

Since its establishment in 2003, the Saudi Arabian Capital Market Authority (CMA) has been focused on protecting investors and creating a favorable…

Asharq Al Awsat (Riyadh)
Business A general view of Riyadh city, Saudi Arabia, February 20, 2022. REUTERS/Mohammed Benmansour

Saudi Arabia Achieves Highest Evaluation Level in UN’s Competition Law Systems Report

Saudi Arabia has received global recognition from a UN commission for its robust legal framework and “very strong” competition law. The Kingdom attained the…

Asharq Al Awsat
Business NEOM unveiled Jaumur, the largest cosmopolitan luxury community on the coast of the Gulf of Aqaba, designed to serve the highest standards of future livability and active lifestyle.  (SPA)

NEOM Announces Jaumur, Cosmopolitan Marina Community

The Board of Directors of NEOM unveiled Jaumur, the largest cosmopolitan luxury community on the coast of the Gulf of Aqaba, designed to serve the highest…

Business A general view of the Saudi capital Riyadh. (AP)

Saudi Arabia Expands E-visa Accessibility to Include Nationals of Three More Countries

Saudi Arabia has broadened its electronic visa (E-visa) accessibility to include citizens from three new countries: Barbados, the Commonwealth of The Bahamas,…

Asharq Al Awsat
Business Riyadh Air concluded a memorandum of understanding with the Saudi Tourism Authority (STA) to boost joint cooperation. (Asharq Al-Awsat)

Riyadh Air Strengthens Partnership with Saudi Tourism Authority to Promote Sector

Riyadh Air, which is owned by the Public Investment Fund, concluded a memorandum of understanding with the Saudi Tourism Authority (STA) to boost joint…

Asharq Al Awsat (Riyadh)
Business President of Dubai Airports, Supreme President and CEO of Emirates Airlines Sheikh Ahmed bin Saeed Al Maktoum during his tour of the company’s pavilion at the Arabian Travel Market in Dubai. (Asharq Al-Awsat)

Gulf Carriers Hope Boeing Will Handle Delivery of Aircraft Orders

President of Dubai Airports, Supreme President and CEO of Emirates Airlines Sheikh Ahmed bin Saeed Al Maktoum hoped that the new management of US-based Boeing…

Mosaed al-Zayani (Dubai)
Business Deputy Minister of Industry and Mineral Resources for Industrial Affairs Eng. Khalil bin Salamah. (Asharq Al-Awsat)

Saudi Arabia Aims to Boost Polymer-based Manufacturing Industries

Deputy Minister of Industry and Mineral Resources for Industrial Affairs Eng. Khalil bin Salamah said Saudi Arabia aims to achieve a fourfold increase of…

Ayat Nur (Riyadh)
Business Saudi Arabia’s Deputy Minister of Industry and Mineral Resources Khalil bin Salamah speaks at the event. (Asharq Al-Awsat)

Riyadh Int’l Industry Week Connects 10,000 Leaders Worldwide

Saudi Arabia’s Deputy Minister of Industry and Mineral Resources Khalil bin Salamah highlighted the Kingdom’s strong position in the industry globally,…

Ayat Nur (Riyadh)
Business The Canadian ambassador said his country is working in partnership with Saudi Arabia to strengthen relations in the educational fields. (Asharq Al-Awsat)

Saudi Arabia, Canada Launch New Phase of Cooperation in Education, Knowledge, Capabilities

Riyadh hosted on Tuesday the first Saudi-Canadian Forum for Educational Partnership, in the presence of Saudi Minister of Education Yousef Al-Benyan and…

Fatehelrahman Yousif (Riyadh)
Business Officials are seen at the opening of the exhibitions at the Riyadh Front Exhibition and Conference Center. (Asharq Al-Awsat)

Saudi Arabia Kicks Off Largest Entertainment Events

Saudi Arabia’s Riyadh witnessed on Tuesday the launch of its largest entertainment gathering with the opening of two highly anticipated events - the Saudi…

Fatehelrahman Yousif (Riyadh)
Business Emirates and Saudi Arabia’s flynas sign an expanded two-way interline partnership with plans to open up connections and more travel choices for flynas customers via Dubai. (SPA)

Saudi Arabia’s flynas Signs Interline Partnership to Open up More Travel Choices via Dubai 

Emirates and Saudi Arabia’s flynas signed on Tuesday an expanded two-way interline partnership on the sidelines of the Arabian Travel Market (ATM), with plans…

Business Saudi Minister of Commerce Dr. Majid Al-Qasabi held talks in Kuala Lumpur on Tuesday with Malaysian ministers with the aim of strengthening the economic partnership. (SPA)

Saudi Minister of Commerce Holds Meetings to Strengthen Economic Partnership with Malaysia

Saudi Minister of Commerce Dr. Majid Al-Qasabi held talks in Kuala Lumpur on Tuesday with Malaysian ministers with the aim of strengthening the economic…

Business S&P said the banking system in Saudi Arabia remains in good shape (Reuters)

Standard & Poor's Expects Saudi Real GDP to Grow by 2.2% in 2024, 5% in 2025

S&P Global Ratings expected the real GDP of Saudi Arabia to grow by 2.2% in 2024, and by 5% in 2025. In its latest report seen by the Arab World Press,…

Asharq Al Awsat (London)
Business The European Chamber of Commerce in Saudi Arabia, led by Lorcan Tyrrell, will officially launch in Riyadh on Wednesday. SPA

Riyadh Witnesses Launch of 1st European Chamber of Commerce

The European Chamber of Commerce in the Kingdom of Saudi Arabia (ECCKSA) will officially launch in Riyadh on Wednesday. The chamber aims to strengthen economic…

Fatehelrahman Yousif (Riyadh)
Business Aramco President & CEO Amin H. Nasser. Reuters file photo

Aramco Reports 14% Decline in First-quarter Net Income to $27.3 Billion

Saudi Aramco reported on Tuesday a 14% decline in net income to $27.3 billion in the three months to March 31, down from $31.9 billion a year earlier,…

Asharq Al Awsat (Dhahran)
Business The United Arab Emirates and New Zealand will begin negotiations over a free trade agreement. WAM

UAE, New Zealand to Launch Talks for Free Trade Deal

The United Arab Emirates and New Zealand will begin negotiations over a free trade agreement, which will boost trade and investment ties between the two…

Asharq Al Awsat (Abu Dhabi)
Business The European Central Bank headquarters in Frankfurt. SPA

ECB Grows More Confident About Cutting Rates, Policymakers Say

The European Central Bank is growing more confident about cutting interest rates as euro zone inflation continues to ease, three ECB policymakers said on…

Asharq Al Awsat (Frankfurt)