Business

IMF: Any Slowdown in AI-driven Growth Would be Factor for Central Banks

Business IMF Managing Director Kristalina Georgieva speaks during the Annual Meetings Plenary at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP)

IMF: Any Slowdown in AI-driven Growth Would be Factor for Central Banks

Central bankers around the world would need to consider any slowdown in AI-driven growth as they assess steps in their fight against inflation, International…

Asharq Al Awsat
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 Palestinian woman collects tree branches amid a shortage of fuel and cooking gas in Khan Yunis in the southern Gaza Strip as the conflict continues between Israel and Hamas. (Reuters)

Report: War with Hamas to Cost Israel Over $50 Bln

Israel's war in the Gaza Strip will cost as much as 200 billion shekels ($51 billion), the Calcalist financial newspaper reported on Sunday, citing preliminary…

Asharq Al Awsat (Jerusalem)
Business The profits of non-energy-related companies in Qatar improved during October. (File photo)

Qatar’s Non-energy-related Companies Boost Profits by Raising Prices of Goods, Services

The profits of non-energy-related companies in Qatar improved during October, supported by the rise of prices of goods and services at the fastest rate since…

Asharq Al Awsat (Doha)
Business A picture shows a general view of Saudi capital Riyadh on October 31, 2023. (AFP)

Non-oil Companies Keep Pace with Growth of System’s Performance in Generating Jobs in Saudi Arabia

Amid continued government support to stimulate Saudi non-oil activities and increase their contribution to the gross domestic product, the sector’s companies…

Asharq Al Awsat
Business GCCIA Announces: 30% of GCC-Iraq Electrical Interconnection Project is Completed

GCCIA Announces: 30% of GCC-Iraq Electrical Interconnection Project is Completed

The GCC-Iraq Electrical Interconnection Project is 30 percent completed, announced CEO of the Gulf Interconnection Authority (GCCIA) Ahmed al-Ebrahim. …

Ali al-Qattan (Dammam )
Business The inaugural Saudi Proptech Summit will kick off in Riyadh on Monday. (Saudi Proptech Summit)

Riyadh Hosts Inaugural Saudi Proptech Summit  

The inaugural Saudi Proptech Summit will begin in Riyadh on Monday to review the most prominent technical developments and beneficiaries’ experiences. The…

Asharq Al Awsat (Riyadh)
Business Arab and Chinese businessmen conference last June in Riyadh (SPA)

Saudi Arabia Hosts Arab, African Leaders to Consolidate Economic Partnerships

The Saudi government is hosting several leaders, decision-makers, and officials from Arab and African countries during the Saudi-Arab-African Economic…

Asharq Al Awsat
Business The Kingdom’s production in the month of December 2023 will be approximately 9 million barrels per day. SPA

Saudi Arabia to Continue Additional Voluntary Oil Cut

Saudi Arabia confirmed Sunday it would continue with its additional voluntary cut of 1 million barrels per day (bpd) translating into a production of around 9…

Asharq Al Awsat (Riyadh)
Business General view of Egyptian capital Cairo (File/Getty images)

Egypt’s Financing Needs until End of June Amount to $4 Billion

Egypt’s Finance Minister Mohamed Maait said that the government has identified sources for providing external financing needs until the end of the current…

Asharq Al Awsat (Cairo)
Business LNG tanker "Mozah" transports a gas shipment to Europe (QatarEnergy)

China's Sinopec Signs 27-year LNG Supply Deal with QatarEnergy

The state-owned Chinese company Sinopec said it had concluded a new 27-year agreement with QatarEnergy to supply and purchase liquefied natural gas (LNG). …

Asharq Al Awsat (Beijing )
Business  Photo from the first edition of the Community Participation Forum in the Eastern Province (Asharq Al-Awsat)

Forum for Creative Youth Ideas Kicks Off in Central Saudi Arabia

Under the patronage of Prince Dr. Faisal bin Mishal bin Saud, Emir of the Qassim region, the second forum for community participation in Qassim will kick off…

Asharq Al Awsat (Riyadh)
Business Al-Shifa Center in Taif Governorate (Photo: Taif Governorate account on X)

Taif Investment Forum Kicks Off on Sunday

The Taif Investment Forum is scheduled to start on Sunday, under the slogan “Invest in Taif,” with the participation of representatives from Chinese and South…

Asharq Al Awsat (Riyadh)
Business Pedestrians walk past a currency exchange shop in the Turkish city of Istanbul. (EPA)

Turkish Inflation Drops Slightly for First Time in 3 Months

Turkish annual consumer price inflation dropped for the first time in three months to 61.36% in October, data from the Turkish Statistical Institute showed on…

Business People gather at Jemaa el-Fna Square in the Moroccan city of Marrakesh. (Reuters)

Unemployment in Morocco Surges to 13.5%

Unemployment in Morocco rose to 13.5% in the third quarter of 2023, up from 11,4% last year. The national economy lost 297,000 jobs between the third…

Asharq Al Awsat (Rabat)
Business Jadidat Arar land port in the northern Saudi border region (Asharq Al-Awsat)

Saudi Arabia Facilitates Travel of Saudi Businessmen to Explore Investment Opportunities in Iraq

The Saudi government has set a mechanism to provide travel permits for Saudi businessmen to Iraq and launched an electronic service through the Ministry of…

Bandar al-Mosalam (Riyadh)
Business Saudi Arabia is witnessing constant growth of construction activity, supported by giant projects. (Photo: AFP)

Saudi Arabia’s Construction Sector Strongest in the World

The latest Global Construction Monitor, issued by the Royal Institution of Chartered Surveyors (RICS), revealed that the Construction Activity Index in Saudi…

Asharq Al Awsat (London)
Business Central Bank Governor Hafize Gaye Erkan during the announcement of the quarterly inflation report in Ankara on Thursday. (from the Turkish Central Bank account on X)

Türkiye Revises Inflation Projection Upwards

Türkiye’s central bank (CBRT) raised its year-end inflation forecasts for this year and next to 65% and 36% respectively, Governor Hafize Gaye Erkan said on…

Saeed Abdulrazek (Ankara)
Business Saudi Minister of State for Foreign Affairs, Member of the Cabinet and Envoy for Climate Affairs Adel Al-Jubeir speaking at the Global Cybersecurity Forum (Asharq Al-Awsat)

Saudi Arabia Collaborates with Int’l, Regional Countries in Cybersecurity Field

Saudi Arabia is actively pursuing cooperation with four regional and international countries in the field of cybersecurity. The Kingdom’s National…

Asharq Al Awsat (Riyadh)
Business File photo of a gas station in Egypt.

Egypt Raises Petrol Prices by up to 14.3%

Egypt raised domestic petrol prices by up to 14.3% but kept diesel prices unchanged, state media said on Friday. The state media, citing the official…

Asharq Al Awsat
Business The 2023 edition of the Global Cybersecurity Forum, held in Riyadh

Saudi Arabia, Four Countries Sign Cybersecurity MoUs

Saudi Arabia’s National Cybersecurity Authority (NCA) signed four memoranda of understanding (MoUs) for cooperation in cybersecurity with national bodies in…

Asharq Al Awsat (Riyadh)
Business Riyadh Governor Prince Faisal bin Bandar bin Abdulaziz (Asharq Al-Awsat)

Riyadh Gathers Int’l Cybersecurity Experts in Global Forum

An international gathering on cybersecurity opened in the Saudi capital, Riyadh, on Wednesday, bringing together representatives of global bodies and firms…

Asharq Al Awsat (Riyadh)
Business Enabling foreign offices to provide legal advice related to Saudi regulations (SPA)

Saudi Market Provides Stimulating Legislative Environment for Foreign Law Firms

The Saudi government is intensifying its moves to facilitate the entry of foreign companies into the local market through legislation and regulations…

Bandar al-Mosalam (Riyadh)
Business A worker of a gas station fills a tank with gasoline in Buenos Aires, on October 30, 2023. (Photo by Luis ROBAYO / AFP)

Oil Rises 1% after Fed Keeps Rates Unchanged

Oil gained 1% on Thursday to snap its three-day decline, as risk appetite returned to financial markets after the US Federal Reserve kept benchmark interest…

Asharq Al Awsat
Business Mawani, MoH Sign Deal to Boost Public Health Risk Mitigation

Mawani, MoH Sign Deal to Boost Public Health Risk Mitigation

Saudi Ports Authority (Mawani) and the Saudi Ministry of Health signed a partnership agreement to enhance the implementation of global health regulations. …

Asharq Al Awsat
Business InFlavour ended its three-day run on Wednesday. (SPA)

Final Day of InFlavour in Riyadh Celebrates Regional F&B Ecosystem

InFlavour ended its three-day run at Riyadh Exhibition and Conference Center, Malham, on Wednesday with the region’s growing start-up industry at the top of…