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 Etihad Atheeb Telecommunications Co., trading as “GO,” participated in the annual LEAP technology exhibition in the Saudi capital, Riyadh. (Asharq Al-Awsat)

Saudi ‘Atheeb’ CEO: Profitability Achieved, Capital Increase Part of Transformation Strategy  

The CEO of Saudi telecommunications company “Etihad Atheeb Telecommunications Co.” revealed that the company has shifted from losses to profitability due to…

Mosaed al-Zayani (Riyadh)
Business Saudi Arabia recorded a progress in several global indices (Asharq Al-Awsat)

Saudi Arabia Advances in 36 Global Indices

Saudi Arabia has recently secured advanced positions in 36 international indices, reflecting its strengthened economic and investment environment. …

Bandar al-Mosalam (Riyadh)
Business Dubai/Reuters

UAE Confiscates $356 Mln from Money Launderers

Hamid Al Zaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter-Terrorism Financing (EO AMLCTF), revealed that the UAE…

Asharq Al Awsat
Business 16 June 2023, Luxembourg: Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva speaks during a press conference at the European Convention Center in Luxembourg. (/European Council/dpa)

IMF, World Bank to Proceed with Annual Meetings in Morocco in October 

The International Monetary Fund (IMF), the World Bank and Morocco on Monday announced the annual meetings of the two global institutions would proceed in…

Business SPA

Saudi Transport Minister Inaugurates First ACI Office for Asia-Pacific, Middle East

Saudi Minister of Transport and Logistics Services and Chairman of the Board of Directors of the General Authority of Civil Aviation (GACA), Eng. Saleh Al…

Asharq Al Awsat
Business Saudi Energy Minister, Prince Abdulaziz bin Salman. (SPA)

Saudi Energy Minister Says Markets Need Light-Handed Regulation

Saudi Energy Minister, Prince Abdulaziz bin Salman on Monday said on Monday international energy markets need light-handed regulation to limit volatility. …

Business Saudi Council of Economic, Development Affairs Holds Meeting to Discuss Economic Issues

Saudi Council of Economic, Development Affairs Holds Meeting to Discuss Economic Issues

The Council of Economic and Development Affairs has held a video conference to discuss reports, presentations and topics on its agenda, including the periodic…

Asharq Al Awsat
Business Oman’s Capital Market Authority. (Oman News Agency)

Oman’s Capital Market Authority Approves OQ Gas Network’s Prospectus

Oman’s Capital Market Authority (CMA) announced on Sunday the approval of the prospectus of OQ Gas Networks (OQGN), one of the OQ companies affiliated with…

Business Inflation in the Kingdom remains under control and is expected to reach 2.7% in 2023, according to S&P Global. (SPA)

Standard & Poor’s Expects Saudi Economy to Grow by 3.4%

Standard & Poor’s (S&P) maintained its credit rating for Saudi Arabia in local and foreign currencies at A/A-1 with a stable outlook, which it attributed to…

Business Saudi Arabia issued more than 1,600 foreign investment licenses in the first quarter of 2023. (Asharq Al-Awsat)

Saudi Arabia: Foreign Companies Influx Raises Office Rental Prices

The influx of foreign companies to the Saudi local market, along with several other factors, has led to an increase in office space rental prices by 20 percent…

Business The General Authority of Civil Aviation (GACA) issued on Sunday its August report on the performance of domestic and international airports in Saudi Arabia.

GACA Issues Airport Performance Report for August 2023

The General Authority of Civil Aviation (GACA) issued on Sunday its August report on the performance of domestic and international airports in Saudi Arabia. …

Business  IMF Managing Director Kristalina Georgieva shakes hands with the Egyptian Central Bank Governor Hassan Abdullah while Finance Minister Mohamed Maait looks on. (Egyptian Ministry of Finance)

IMF Economic Review for Egypt Delayed to Q1 2024

An Egyptian lawmaker has revealed that the first review by the International Monetary Fund (IMF) of Egypt’s economic reform program, initially scheduled for…

Business The Gina Krog gas platform. (KUNA)

Kuwaiti KUFPEC Expects Production in Norwegian Eirin Field to Start in 2025

The Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced that its affiliate unit, "KUFPEC Norway AS", has presented a plan to the Norwegian Ministry…

Asharq Al Awsat (Kuwait)
Business A ferry crosses the Bosphorus on a cloudy morning a day after heavy rains in Istanbul, Türkiye, Wednesday, Sept. 6, 2023. (AP)

Saudi-Turkish Trade Summit Set for Istanbul in October

The Türkiye Exporters Assembly, in coordination with the Turkish Ministry of Commerce, is organizing a Saudi-Turkish trade summit scheduled to take place on…

Saeed Abdulrazek (Ankara)
Business Türkiye's Energy Minister Alparslan Bayraktar at a press conference in Ankara (Reuters)

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Türkiye to Expand Gas Export Hub to Europe, Resumes Iraqi Oil Flow

Türkiye believes its presence is indispensable to the success of energy and transport corridors in the region, revealing plans to expand its gas infrastructure…

Asharq Al Awsat
Business Abu Dhabi's Chimera, Partners Launch alt investor Lunate

Abu Dhabi's Chimera, Partners Launch alt investor Lunate

Lunate, a newly set up Abu Dhabi-based alternative investment manager, said on Thursday it was launching with over $50 billion in assets under management (AUM)…

Asharq Al Awsat
Business FILE - Protesters throw glass bottles at the Lebanese Central Bank building as they stand next to burning tires they set on fire in Beirut, Lebanon, Friday, March 24, 2023. (AP Photo/Hassan Ammar, File)

IMF Warns Lebanon Still Facing Enormous Challenges

Four years after Lebanon’s historic meltdown began, the country is still facing “enormous economic challenges,” with a collapsed banking sector, eroding public…

Asharq Al Awsat
Business Deal unlocks new market opportunities and advances Aramco’s global Downstream expansion. Photo: Aramco

Aramco to Enter South American Retail Market with Esmax Acquisition

Saudi Arabian oil giant Aramco has agreed to purchase a 100% equity stake in Chile's Esmax Distribución SpA (Esmax) from Southern Cross Group, the company said…

Asharq Al Awsat (Dhahran)
Business The Sultanate of Oman hosts meetings of the Ministers of Commerce and Industry and the 6th Ministerial Committee for Standardization Affairs.

Gulf Industrial Sector Grows by 8% Reaching $434 Bln

Oman’s Minister of Commerce, Industry and Investment Promotion, Qais bin Mohammed al Yousef said that industry is a key economic sector at the level of the…

Asharq Al Awsat
Business Healthcare companies in the Saudi market achieved record revenues (SPA)

Saudi Insurance Market Braces for Acquisition, Mergers

Saudi Arabia announced the establishment of the Insurance Authority (IA), reflecting a significant step forward in building a strong, vital, and stable…

Asharq Al Awsat
Business The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, US, November 22, 2019 (Reuters)

Oil Prices Rise to 10-Month High

Oil prices rose to their highest level in 10 months on Friday, after China cut banks’ cash reserve requirements to boost its economic recovery, and on…

Asharq Al Awsat
Business Saudi Arabia Expands Inflation Gap with the G20 Countries

Saudi Arabia Expands Inflation Gap with the G20 Countries

Saudi Arabia was able to expand the difference in the inflation rate with the G20 countries and maintain its advanced position, occupying the second place…

Bandar al-Mosalam (Riyadh)
Business Alkhorayef and Huddleston discussed ways to boost the partnership between Saudi Arabia and the UK in several economic sectors, particularly industry and mining. SPA

Saudi Arabia, UK Discuss Strengthening Trade and Industrial Cooperation

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef has held talks with UK’s Minister of State for International Trade Nigel…

Asharq Al Awsat (Salalah)
Business The signing of the agreement took place at the university's headquarters in Riyadh. SPA

Saudi Economy Ministry Signs MoU with Alfaisal University to Promote Economic Development

The Ministry of Economy and Planning and Alfaisal University signed a memorandum of understanding (MoU) to promote economic development and implement awareness…

Asharq Al Awsat (Riyadh)