Business

Dammam Airport Launches Saudi Arabia’s First Category III Automatic Landing System  

Business Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, inaugurates the General Aviation Terminal and the upgraded automatic landing system at King Fahd International Airport in Dammam. (SPA)

Dammam Airport Launches Saudi Arabia’s First Category III Automatic Landing System  

Prince Saud bin Naif bin Abdulaziz, Governor of Saudi Arabia’s Eastern Region, inaugurated on Monday two major aviation projects at King Fahd International…

Asharq Al Awsat (Dammam)
Business The Minister of Municipalities and Housing addresses attendees during the government press conference (Asharq Al-Awsat). 

Saudi Arabia to Launch Real Estate Indicators, Expand ‘Market Balance’ Program Nationwide

Saudi Arabia will roll out real estate market indicators in the first quarter of this year and expand the Real Estate Market Balance program to all regions of…

Bandar al-Mosalam
Business Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China (Reuters) 

China's Russian Oil Imports to Hit New Record in February as India Cuts Back

China's Russian oil imports are set to climb for a third straight month to a new record high in February as independent refiners snapped up deeply discounted…

Asharq Al Awsat
Business The lease allows Chevron to lead the search for gas in four deep-sea blocks, south of the Peloponnese peninsula and the island of Crete (AFP)

Greece… Chevron’s Gateway to Strengthening Europe’s Energy Security

A consortium led by US oil major Chevron signed exclusive lease agreements on Monday to look for natural gas off southern Greece, expanding the United States'…

Asharq Al Awsat

Business Meanwhile, many Lebanese are crowding marketplaces to buy gold and silver in hopes of recovering some of their losses. (AP)

Cash-strapped Lebanon Finds Itself Sitting on a Gold Mine, as Precious Metal Prices Surge

Tiny Lebanon sits on one of the largest gold reserves in the Middle East and its government is weighing whether it can use that stockpile to restore a crippled…

Asharq Al Awsat
Business A worker collects samples at a mine in Brazil (Reuters)

Critical Minerals: Saudi Arabia’s Rise in Global Mining

Critical minerals are no longer treated as simple raw materials traded on global exchanges. Amid increasing geopolitical competition, they have become a core…

Zeinab Ali (Riyadh)
Business The sun rises behind the Tishrin oil field in the eastern Hasakah countryside, northeastern Syria (AP)

Oil Set for First Weekly Decline in Seven Weeks ahead of US-Iran Talks

US crude futures rose slightly on Friday but were on track for their first weekly drop in seven weeks as supply concerns eased, and investors focused on the…

Asharq Al Awsat
Business The European Central Bank building in Frankfurt (Reuters)

ECB Holds Rates Steady, Offers No Clues on Next Move

The European Central Bank warned Thursday a stronger euro could push inflation down too far after recent gains in the single currency, but sought to downplay…

Asharq Al Awsat
Business Saudi Crown Prince Mohammed bin Salman holding talks with Turkish President Recep Tayyip Erdogan in Riyadh on Feb. 3 (Turkish Presidency)

Erdogan’s Saudi Visit to Boost Economic, Investment Ties

Türkiye President Recep Tayyip Erdogan’s visit to Saudi Arabia has given fresh momentum to economic ties between the two countries and opened new avenues for…

Said Abdulrrazak (Ankara)
Business Riyadh Air and Mastercard Partner to Transform Global Travel Experience

Riyadh Air and Mastercard Partner to Transform Global Travel Experience

Riyadh Air and Mastercard today unveiled an alliance that brings together payments, travel, and technology to reshape how people and businesses experience…

Asharq Al Awsat
Business FILE PHOTO: Representation of Bitcoin cryptocurrency in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Bitcoin Under $70,000 for First Time Since Trump's Election

Bitcoin, the world's biggest cryptocurrency, extended its price slump Thursday to trade under $70,000 for the first time since Donald Trump's presidential…

Asharq Al Awsat
Business File photo of the Saudi flag/AAWSAT

National Minerals Program Propels Saudi Arabia’s Global Mining Footprint

The National Minerals Program, recently approved by the Saudi Cabinet, represents a cornerstone of the Kingdom’s strategy to strengthen its position on the…

Asharq Al Awsat
Business Silver bars weighing 500 grams are displayed at the Austrian Gold and Silver Refinery (Oegussa) in Vienna, Austria, on February 3, 2026. (Photo by GEORG HOCHMUTH / APA / AFP) / Austria OUT

Gold, Silver Plunge on Firm Dollar, Broad Market Selloff

Gold and silver prices fell sharply in a broader market selloff on Thursday, as an advance in the dollar to a near two-week high and signs of easing US-China…

Asharq Al Awsat
Business Caption: A youth works at a makeshift oil refinery site in Marchmarin town, southern countryside of Idlib, Syria December 16, 2015. REUTERS/Khalil Ashawi

Syria Signs Landmark Offshore Oil Field Deal

Syria ’s state-owned petroleum company signed a memorandum of understanding with the US and Qatar on Wednesday for the development of the country’s first…

Asharq Al Awsat
Business A view shows ingots of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk

Gold Extends Gains as Renewed US-Iran Tensions Fuel safe-haven Bid

Gold rose further on Wednesday after logging its biggest daily gain in 17 years in the previous session, as investors flocked to the safe-haven asset amid…

Asharq Al Awsat
Business General view of the Istanbul Finance Center (Reuters)

Turkish Treasury Says Sold 2 Bln Euro of Eurobond, Lowest Spread in 15 Years

The Turkish Treasury said on Wednesday it sold 2 billion euros ($2.37 billion) worth of its latest 8-year eurobond at a yield of ‌5.20%, adding ‌that…

Asharq Al Awsat
Business The closing session with Georgieva and Aljadaan last year (AlUla Conference)

Saudi Arabia’s AlUla Conference: A Global Platform for Shaping Future of Emerging Markets

Saudi Arabia is preparing to host the second annual AlUla Conference for Emerging Market Economies, to be held on February 8 and 9 in AlUla Governorate. The…

Asharq Al Awsat (AlUla)
Business FILED - 13 April 2015, Berlin: Then Russian Energy Minister Alexander Novak attends an event in Berlin. Photo: Britta Pedersen/dpa-Zentralbild/dpa

Novak Says Oil Demand to Gradually Rise in March, April

Russia’s Deputy Prime Minister Alexander Novak said on Tuesday there is currently a balance on the global oil market, while demand will be gradually rising in…

Asharq Al Awsat (Moscow)
Business This image shows oil rigs in Cabimas, south of Lake Maracaibo, Zulia State, Venezuela, on January 31, 2026. (AFP)

Oil Extends Climb on Fears of Escalating Iran Tensions

Oil prices extended gains on Wednesday after the US shot down ​an Iranian drone and armed Iranian boats approached a US-flagged vessel in the Strait of Hormuz,…

Business Saudi Investment Minister Khalid Al-Falih speaks at the Saudi-Turkish Investment Forum in Riyadh (Asharq Al-Awsat)

Al-Falih: Turkish Investment in Saudi Arabia Tops $2 Bln, Trade up 14%

Saudi Arabia’s Minister of Investment Khalid Al-Falih said Turkish direct investment in the Kingdom has exceeded $2 billion. In comparison, bilateral trade has…

Asharq Al Awsat (Riyadh)
Business Saudi Media Minister Salman Al-Dossary visits the Expo 2030 pavilion at the Saudi Media Forum. (Asharq Al-Awsat)

Saudi Arabia Plans Global Village at Expo Site After 2030

Saudi Arabia plans to transform the site of Expo 2030 Riyadh into a permanent, sustainable global village once the six-month world fair ends, officials said on…

Bandar al-Mosalam (Riyadh)
Business People cast their fishing rods on a pier in Kuwait City on January 31, 2026. (Photo by YASSER AL-ZAYYAT / AFP)

Kuwait: KPC to Invite Int’l Oil Companies to Help Develop Offshore Oil and Gas

Kuwait's Prime Minister Ahmad Abdullah al-Ahmad al-Sabah said on Tuesday that Kuwait Petroleum Corporation plans to invite international oil companies to…

Asharq Al Awsat
Business A drone view shows cityscape in Riyadh, Saudi Arabia, June 1, 2025. (Reuters)

Saudi Arabia Sets New Benchmarks in Privatization, Healthcare Innovation, and Venture Capital

The second half of January was defined by the cementing of Saudi Arabia’s economic transformation and its emergence as a global hub for innovation and…

Business The Aramco tower in Riyadh, which is located within the King Abdullah Financial District (KAFD). AFP

Saudi Aramco Announces Completion of $4 Billion Bond Issuance

Saudi Aramco announced on Tuesday that it has successfully completed a $4 billion issuance of bonds across four tranches under its Global Medium Term Note…

Asharq Al Awsat (Riyadh)