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 FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

OPEC Sees Prospect for Healthy Oil Market Fundamentals in Second Half

OPEC on Thursday said it saw prospects for a healthy oil market in the second half of the year and stuck to its forecast for robust oil demand in 2024 as the…

Asharq Al Awsat
Business Maaden's classification reflects its strong commercial reality as a producer of multiple commodities (SPA)

Moody's, Fitch Grant Long-Term Issuer Rating to Saudi's Maaden

The Saudi Arabian Mining Company (Maaden) received its first credit ratings from Moody's at "Baa1" and Fitch Ratings at "BBB+" with a "stable" outlook. …

Asharq Al Awsat
Business 
 Unemployment rate among Saudi women registered a remarkable decline in the fourth quarter of 2022. (Asharq Al-Awsat)

Expansion of Women’s Economic Participation in Saudi Labor Market

Unemployment rate among Saudi women registered a remarkable decline in the fourth quarter of 2022, reaching 15.4 percent, in parallel with the expansion of…

Asharq Al Awsat
Business Prime Minister Mostafa Madbouly witnesses the first e-founding of a company in Egypt. (Egyptian government)

Egypt Launches E-Registration for New Companies

Egypt has launched an e-platform for the establishment of new companies in a concerted effort to eliminate barriers hindering potential investors and ensure…

Business Egyptian Minister of Petroleum Tarek El-Molla meets with the German delegation. (Asharq Al-Awsat)

German Company Considers Producing Sodium Cyanide in Egypt for Gold Mining

The Egyptian Ministry of Petroleum announced that Germany's CyPlus is interested in establishing a new production plant for Sodium Cyanide in Egypt that is…

Business The Saudi Excellence and Ondas' subsidiary Airobotics Ltd signed a Strategic Alliance Agreement to localize Airobotics autonomous drone systems and solutions and provide aerial data solutions to local governmental and commercial entities.

Saudi Arabia, US Enter Strategic Alliance to Establish Local Drone Infrastructure

The Saudi Excellence and Ondas' subsidiary Airobotics Ltd signed on Tuesday a Strategic Alliance Agreement to localize Airobotics autonomous drone systems and…

Business In this handout image from the US Navy, an MQ-9 Sea Guardian unmanned maritime surveillance drone flies over the USS Coronado in the Pacific Ocean during a drill April 21, 2021. (US Navy/Chief Mass Communication Specialist Shannon Renfroe, via AP)

Strait of Hormuz... Potential Miscalculations

Tension between the United States and Iran has escalated, following Washington’s proposal to place guards on commercial ships passing through the Strait of…

Asharq Al Awsat (Riyadh)
Business SEDA and HPDC signed an agreement to boost joint work and coordination in the field of halal products. (Asharq Al-Awsat)

Saudi Strategy Aims to Expand Business in Global Halal Markets

The Saudi Export Development Authority (SEDA) and the Halal Products Development Company (HPDC), which is wholly owned by the Public Investment Fund (PIF),…

Business  Logos of ADNOC are seen at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. (Reuters)

ADNOC Gas a Wards $3.6 Bln Contract to Expand UAE Gas Processing 

State oil giant Abu Dhabi National Oil Company's gas unit, ADNOC Gas, said on Wednesday it awarded a $3.6 billion contract to expand its gas processing…

Business The wind turbine generator (WTG) is the largest of its kind in Central Asia with a capacity of 6.5MW. SPA

Saudi Arabia’s ACWA Power Installs Largest Wind Turbine in Central Asia

ACWA Power, a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a leader in energy…

Asharq Al Awsat
Business Saudi Minister of Investment Eng. Khalid Al-Falih. SPA

Saudi-Costa Rica Forum Stresses Continued Work to Encourage Joint Investments

The Saudi-Costa Rica Investment Forum emphasized the importance of fostering partnerships between the private sectors of both countries and encouraging joint…

Asharq Al Awsat
Business The ship that transported the world’s first liquefied hydrogen shipment from Melbourne, Australia to Japan (Getty Images)

Egypt, Saudi Arabia Aim to Capture 1/3 of the Green Hydrogen Market in Europe, Asia

Hydrogen Egypt’s Executive Director Khaled Nageib has called upon Egypt and Saudi Arabia to establish the foundations of the hydrogen market in the region. …

Sabri Najeh (Cairo)
Business Indian sources said that the Qatar Investment Authority is likely to pick up shares worth $500 million in the Indian company Adani Green. (Reuters)

QIA Likely Picks Up Shares Worth $500 Mln in India's Adani Green

Qatar Investment Authority (QIA) likely picked up shares worth $500 million in India's Adani Green Energy via block deals on Monday, ET Now reported, citing…

Asharq Al Awsat
Business FETHI BELAID - AFP

Baguettes Fall Victim to Tunisia's Economic Crisis

Around 200 Tunisian bakers staged a sit-in Monday after a government decision to stop selling them subsidised flour, a move threatening the closure of hundreds…

Asharq Al Awsat
Business King Abdullah Port Announces Strategic Partnerships that Boost Maritime Services

King Abdullah Port Announces Strategic Partnerships that Boost Maritime Services

Saudi Arabia’s King Abdullah Port has announced strategic partnerships with leading providers of maritime fuel supply, Western Fuel Supply for Petroleum…

Asharq Al Awsat
Business Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann

Türkiye Imposes Extra Charge for Some Gold Imports

Türkiye has introduced a 20% additional charge for some gold imports, according to a decision published in the Official Gazette early on Tuesday, in an effort…

Asharq Al Awsat
Business Kayanee will focus on women’s health and lifestyle of future generations

Saudi Arabia’s PIF Establishes Company to Enhance Women’s Well-being

The Public Investment Fund (PIF) announced on Monday the establishment of the Kayanee Company, a unique lifestyle integrated concept designed to inspire and…

Asharq Al Awsat
Business The Saudi Minister of Investment signs MoU with Argentinian Minister of Foreign Affairs International Trade and Worship. (Asharq Al-Awsat)

Saudi-Argentinian Agreement to Promote Direct Investment

Saudi Minister of Investment Eng. Khalid Al-Falih and Argentinian Minister of Foreign Affairs International Trade and Worship Santiago Andres Cafiero have…

Asharq Al Awsat (Riyadh)
Business The Red Sea project is one of the giant projects owned by the Public Investment Fund. (Asharq Al-Awsat)

Saudi PIF Assets Exceed $594 Bln

Saudi Arabia’s Public Investment Fund (PIF) said gross assets under management (AUM) exceeded SAR 2.23 trillion ($594 billion) in 2022, from SAR 1.9 trillion (…

Asharq Al Awsat (Riyadh)
Business FILE - Storage tanks are seen at the North Jeddah bulk plant, an Aramco oil facility, in Jeddah, Saudi Arabia, on March 21, 2021. (AP Photo/Amr Nabil, File)

Saudi Arabia's Aramco Reports $30B in Q2 Profits

Saudi Arabia's Aramco brought in $30 billion in revenues in the second quarter, a 37.89% decline from the same period the previous year, which it attributed to…

Asharq Al Awsat (Riyadh)
Business Saudi companies specialized in military and defense industries and Turkish defense companies have signed an agreement and 2 memorandums of understanding (MoUs). SPA

Saudi, Turkish Companies Ink Agreement and 2 MoUs to Localize Drone Industry

Several Saudi companies specialized in military and defense industries and Turkish defense companies have signed an agreement and two memorandums of…

Asharq Al Awsat (Riyadh)
Business SAUDIA launches new direct flights connecting Riyadh and Jeddah with Beijing. (SPA)

SAUDIA Launches New Routes Connecting Riyadh and Jeddah with Beijing

SAUDIA, the national flag carrier of Saudi Arabia, in partnership with the Air Connectivity Program (ACP), has launched new direct flights connecting Riyadh…

Business Officials during the inauguration of the tourism development project for the village of Al-Soujara in Jebel Akhdar in the Sultanate of Oman. (Twitter)

Oman: FDI Increases by 23.3% in Three Months

The volume of foreign direct investments in Oman increased by 23.3 percent to reach OMR 21.27 billion ($55.72 billion) by the end of the first quarter,…

Business Argentine flags in a square in the capital, Buenos Aires. (Reuters)

Qatar to Loan Argentina $775 Mln to Make IMF Repayment

Argentina's government on Friday agreed with Qatar a $775 million loan to use to make an International Monetary Fund (IMF) repayment due this Friday. …

Asharq Al Awsat