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 Qatar, the world's second largest exporter of LNG, shipped more than 75 million metric tons of the fuel in 2023, according to LSEG data. (Reuters)

QatarEnergy Pauses LNG Shipments Through Red Sea, Seeking Security Advice 

QatarEnergy, one of the world's largest exporters of liquefied natural gas, has stopped sending tankers via the Red Sea although production continues, a source…

Business A view of Unique Group’s new facility in Dammam, Saudi Arabia. (Asharq Al-Awsat)

Global Leader in Subsea Technologies Opens Facility in Eastern Saudi Arabia

Unique Group, a global leader in subsea technologies and engineering, announced on Sunday the grand opening of its newly expanded facility in Dammam, Saudi…

Business Oil rigs in an American field. (AFP)

Oil Edges Up as Investors Eye Mideast Developments

Oil prices edged up on Monday as traders watched for supply disruption risks in the Middle East following strikes by US and British forces to stop Houthi…

Asharq Al Awsat
Business The logo of the WEF on a window of the Congress Center as participants and artificial intelligence generated artwork by Turkish-American media artist Refik Anadol are reflected inside the congress center on the eve of the 54th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, 14 January 2024. (EPA)

Saudi FM Heads Kingdom’s Delegation at Davos

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah arrived in Davos on Sunday heading the Kingdom’s delegation at the 2024 World Economic Forum. …

Business General view of Abu Dhabi, United Arab Emirates, Jan. 3, 2019. REUTERS/Hamad I Mohammed

UAE’s PureHealth Acquires UK’s Largest Private Healthcare Group

PureHealth, the largest healthcare platform in the Middle East, has announced the successful completion of its strategic acquisition of Circle Health Group,…

Asharq Al Awsat
Business Global reinsurers have begun inserting cancellation provisions into policies to protect against a full-scale Middle East conflict -Reuters

Reinsurance Companies Impose New Terms to Confront Risks in Israel, Middle East

Global reinsurers have begun inserting cancellation provisions into policies to protect against a full-scale Middle East conflict, a move that threatens to…

Asharq Al Awsat
Business Oil rigs in an American field. (AFP)

Iraq: OPEC+ Is Working to Limit Challenges Affecting Oil Market Stability

The OPEC+ group of oil producers is working to limit the challenges affecting the stability of the global oil market, Iraq's oil minister Hayan Abdel-Ghani…

Asharq Al Awsat (London)
Business Part of third edition of the Future Minerals Forum (FMF) - SPA

Future Minerals Forum: MoUs Signed, 33 New Exploration Licenses Issued

The third edition of the Future Minerals Forum (FMF), organized by the Ministry of Industry and Mineral Resources, has witnessed the signing of several…

Asharq Al Awsat
Business Pedestrians in Istiklal Commercial Street in Istanbul, Türkiye, decorated with flags. (Reuters)

Moody's Revises Türkiye's Outlook to ‘Positive’

Moody's revised Türkiye's outlook from stable to positive on Friday, citing the decisive change to the country's monetary policy following the elections in May…

Saeed Abdulrazek (Ankara)
Business Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California, US, April 7, 2021. REUTERS/Lucy Nicholson/File Photo

India, US Seek to Bolster Trade Ties

India and the United States have agreed to bolster trade ties and deepen cooperation in areas such as critical minerals, the United States Trade Representative…

Asharq Al Awsat (Washington )
Business On Saturday, dozens of trucks carrying perishable items, including vegetables and fruits, waited on each side of the border for the reopening of the crossing. EPA

Pakistan Shuts Key Crossing into Afghanistan to Truck Drivers

Pakistan effectively closed a key northwestern border crossing with Afghanistan to truck drivers on Saturday, Afghanistan's ruling Taliban said. Noor Mohammad…

Asharq Al Awsat (Islamabad)
Business A container ship of Mediterranean Shipping Company (MSC) transits the Suez Canal towards the Red Sea (EPA)

Suez Canal Authority: Revenues Drop 40% Since Beginning of the Year

Dollar revenues from Egypt's Suez Canal have dropped 40% from the beginning of the year compared to 2023, canal authority head Osama Rabie said on Thursday. …

Asharq Al Awsat (Cairo)
Business A ship carrying cargo shipping containers sails in the Pacific Ocean outside the Port of Los Angeles in Los Angeles, California on June 7, 2023. (AFP)

Container Rates Soar on Concerns of Prolonged Red Sea Disruption

Container shipping rates for key global routes have soared this week, with US and UK air strikes on Yemen stirring concerns of a prolonged disruption to global…

Business One of the sessions of the second and final day of the Future Minerals Forum, which was held in Riyadh (Asharq Al-Awsat)

Future Minerals Forum Develops Solutions to Meet Demands for Strategic Minerals

The Future Minerals Forum concluded on Thursday following dialogue sessions that presented solutions to address challenges and highlighted the importance of…

Asharq Al Awsat (Riyadh)
Business Deputy Minister of Industry and Mineral Resources for Mining Affairs during his participation in the Future Minerals Forum (Asharq Al-Awsat)

Al-Mudaifer to Asharq Al-Awsat: Saudi Phosphate Contributes 25% to Global Food Security

Saudi Deputy Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid Al-Mudaifer said that the Kingdom’s contribution to global food security…

Asharq Al Awsat (Riyadh)
Business FILE PHOTO: Maersk's logo is seen in stored containers at Zona Franca in Barcelona, Spain, November 3, 2022. REUTERS/Albert Gea//File Photo

Maersk Hopes Int’l Interventions, Naval Presence Will Allow Red Sea Transit to Return

Maersk hopes international interventions and a larger naval presence in the Red Sea will eventually lead to maritime commerce to resume through the strait, it…

Asharq Al Awsat
Business United States Navy aircraft carrier USS Dwight D. Eisenhower (CVN 69) approaches the Friendship Bridge during a Suez Canal transit in this picture taken April 2, 2021 and released by US Navy on April 3, 2021. (Reuters)

Egypt's Suez Canal Revenues Down 40% due to Houthi Attacks

Dollar revenues from Egypt's Suez Canal are down 40% from the beginning of the year compared to 2023, canal authority head Osama Rabie said on Thursday, after…

Asharq Al Awsat
Business Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh November 4, 2009. REUTERS/Ajay Verma/File Photo

Gold Gains on Escalating Middle East Tensions

Gold prices rose on Friday as international strikes on Yemen added to fears of further escalation in the Middle East conflict, pushing up bullion's safe-haven…

Asharq Al Awsat
Business FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk//File Photo

Oil Jumps as US, UK Strike Houthis in Yemen, Shares Subdued

Asian shares were subdued on Friday as the escalating conflict in the Red Sea region sent oil prices surging, while slightly higher-than-expected US inflation…

Asharq Al Awsat
Business Ukrainian President Volodymyr Zelenskiy attends a joint press conference with Latvian President Edgars Rinkevics (not pictured) in Riga, Latvia January 11, 2024. REUTERS/Ints Kalnins

Managing Director: World Bank's IFC Has Mobilized Nearly $1 Bln for Ukraine

The World Bank's private investment arm has mobilized nearly $1 billion to rebuild Ukraine's private sector and is shifting its broader investment focus…

Asharq Al Awsat
Business 
The annual meeting of the World Economic Forum 2024 will be held in Davos (Asharq Al-Awsat)

Saudi Arabia Sends High-Ranking Delegation to World Economic Forum Annual Meeting

Saudi Arabia announced that a high-ranking delegation will participate in the World Economic Forum (WEF) Annual Meeting 2024 in Davos, Switzerland, from…

Asharq Al Awsat (Riyadh)
Business FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo

Beijing to Saudi Aramco Executive: Company is Welcome to Increase Investments in China

China's Assistant Commerce Minister met with Aramco’s Business Line Executive Vice President of Products & Customers in Beijing on Thursday, China's Commerce…

Asharq Al Awsat (Beijing)
Business The headquarters of the Central Bank of Egypt in Cairo. (Reuters)

Egypt's Core Inflation Falls to 34.2% yr/yr in Dec

Egypt's annual core inflation eased to 34.2% in December from 35.9% in November, central bank data showed on Wednesday. Core inflation exempts items whose…

Asharq Al Awsat (Cairo)
Business During the signing of the $1.5 billion wind energy agreement between Egypt and Saudi ACWA Power. (The Egyptian premiership)

Egypt, ACWA Power Sign $1.5 Bln Wind Energy Agreement

Egypt signed with a consortium led by ACWA Power an agreement for a 1.1-gigawatt wind energy production project in the Gulf of Suez and Gabal El-Zeit regions,…

Asharq Al Awsat (Cairo)