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 People walk past the counter of a traditional Turkish bagel "simit" street vendor, Eminönü, Istanbul, Türkiye, Dec. 27, 2025. (AFP)

Türkiye Monthly Inflation Jumps to 4.84% in January, Exceeds Forecast

Turkish consumer price inflation leapt to a higher-than-expected 4.84% month-on-month in January, Turkish Statistical ​Institute data showed on Tuesday, driven…

Business FILE PHOTO: A one-kilogram gold bar and a sealed gold coin are displayed at a jewelry store, in Dubai, United Arab Emirates, January 20, 2026. REUTERS/Amr Alfiky/File Photo

Gold, Silver Stage Comeback after Two-session Rout

Gold and silver rose on Tuesday, rebounding from their steepest two-day drop in decades after Kevin Warsh was nominated as the next US Federal Reserve chair…

Asharq Al Awsat
Business The Saudi capital Riyadh. Reuters

Saudi Arabia's Non-oil Private Sector Continues to Expand

Saudi Arabia's non-oil private sector continued to expand at the start of 2026, a survey showed on Tuesday. The seasonally adjusted Riyad Bank Saudi Arabia…

Asharq Al Awsat (Riyadh)
Business A woman walks past houses ‘To Let’ in a residential street in London, Britain, September 27, 2022. REUTERS/Hannah McKay/File Photo 

UK House Prices Rise 1.0% in Year to January, Nationwide Says

British house prices rose by a stronger-than-expected 1.0% in the 12 months to January, after a blip at the end of 2025 linked to uncertainty around finance…

Asharq Al Awsat (London)
Business Senior executives from Saudi Tadawul Group take part in the ceremony to ring the closing bell at the Nasdaq Stock Exchange (Nasdaq)

Saudi Tadawul Rings Nasdaq Closing Bell in New York

In a move reflecting Saudi Arabia’s growing status as a global financial hub, senior executives from Saudi Tadawul Group visited the headquarters of Nasdaq in…

Asharq Al Awsat (New York)
Business A model of an oil pump is seen in front of the OPEC logo in this illustration taken January 9, 2026. (Reuters)

After Exceeding Output Targets, OPEC Receives Updated Compensation Plans from 4 Members

The OPEC secretariat has received updated compensation plans from Iraq, United Arab Emirates, Kazakhstan and Oman, to offset their overproduction through June…

Asharq Al Awsat (Vienna)
Business Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud and Germany’s Federal Minister for Economic Affairs and Energy Katharina Reiche chair Monday's meeting in Riyadh. (SPA)

Riyadh Hosts 21st Session of Saudi-German Joint Commission

The 21st session of the Saudi-German Joint Commission on Economic and Technical Cooperation convened in Riyadh on Monday to discuss cooperation across industry…

Business The construction site of the futuristic Iconic Tower skyscraper in a business district, built by China State Construction Engineering Corporation (CSCEC) in the New Administrative Capital (NAC) east of Cairo, Egypt, January 19, 2026. REUTERS/Mohamed Abd El Ghany

Egypt's Non-oil Private Sector Output Keeps Growing, PMI Shows

Egypt's non-oil private sector output grew for the third consecutive month in January, marking the longest period of expansion since late 2020, S&P Global…

Asharq Al Awsat
Business A view shows the Santa Cruz chapel in the city of Oran, Algeria May 22, 2024. REUTERS

Algeria Inaugurates Strategic Railway to Giant Sahara Mine

Algerian President Abdelmadjid Tebboune inaugurated a nearly 1,000-kilometre (621-mile) desert railway to transport iron ore from a giant mine, one of the…

Asharq Al Awsat
Business Cars, made in Morocco and intended for export, wait to be shipped at Tanger Med Port, on the Strait of Gibraltar, east of Tangier, Morocco June 6, 2024. REUTERS/Abdelhak Balhaki

Container Traffic at Morocco's Tanger Med Port Rises 8% in 2025

Morocco's Tanger Med Port said on Monday it maintained its position as the Mediterranean and Africa's leading port, handling 11.1 million containers in 2025,…

Asharq Al Awsat
Business (FILES) A jeweler shows gold and silver bars at his shop in downtown Kuwait City on January 12, 2026. (Photo by YASSER AL-ZAYYAT / AFP)

Gold, Silver Fall as CME Margin Hike Stokes Selling

Gold and silver prices pared some losses but remained under pressure on Monday, after increased CME margin requirements added to the selling pressure following…

Asharq Al Awsat
Business The cluster reported that its airports welcomed over 19.9 million passengers in 2025 - SPA

Cluster2 Airports Achieves Growth in Operational Traffic During 2025

Cluster2 Airports, which operates 22 airports across the Kingdom, achieved remarkable performance in 2025, recording significant growth in both air traffic and…

Asharq Al Awsat
Business Officials are seen at the signing ceremony in Oman. (SPA)

Saudi Arabia Funds $40 Million Industrial City Project in Oman

Saudi Fund for Development (SFD) CEO Sultan Al-Marshad and Oman’s Minister of Finance Sultan Al Habsi signed a memorandum of understanding (MoU) to support the…

Business A view of Jeddah, Saudi Arabia. (SPA)

Jeddah Chamber of Commerce to Organize Consmix 2026

The Jeddah Chamber of Commerce will host the National and Consumer Industries Exhibition (Consmix 2026) from February 5 to 12, giving visitors the opportunity…

Business General view of Riyadh city during the early hour of evening at Riyadh, Saudi Arabia, May 28, 2025. (Reuters)

Saudi-Turkish Investment Forum to Be Held in Riyadh on Tuesday

The Saudi-Turkish Investment Forum will convene in Riyadh on Tuesday, bringing together dignitaries, officials, and leaders from the private sectors and…

Business The headquarters of Saudi Arabia’s Ministry of Industry and Mineral Resources (SPA). 

Saudi Arabia Launches Third Round of Mining Exploration Enablement Program

Saudi Arabia’s Ministry of Industry and Mineral Resources, in cooperation with the Ministry of Investment, has announced the launch of the third round of the…

Asharq Al Awsat (Riyadh)
Business A trader monitors stock movements on a screen at the Saudi stock exchange. (Reuters)

Saudi Stocks Open to Foreign Investors as Inflows of Global Capital Loom

Saudi Arabia’s equity market has been formally opened to all categories of foreign investors, a move widely expected to attract substantial international…

Mohammed al-Mutairi (Riyadh)
Business People look at gold jewelleries as they stand outside a jewellery shop at the Grand Bazaar in Istanbul, Türkiye, January 26, 2026. (Reuters)

Turkish Manufacturing Downturn Deepens as Inflation Pressures Rise, PMI Shows

Türkiye's manufacturing sector faced continued challenges in January, with new orders and production continuing to decline, while inflationary pressures …

Business A man walks past a gold shop in the Grand Bazaar in Istanbul (AFP)

Gold, Silver Extend Free Fall as CME Margin Hike Fuels Selling Pressure

A rout in gold and silver intensified on Monday after top commodity exchange CME Group raised margin requirements following a collapse in metals prices last…

Business FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo

OPEC+ to Keep Oil Output Policy Unchanged for March

Eight OPEC+ countries on Sunday have agreed to maintain a planned pause in their oil output hikes for March. The eight countries—Saudi Arabia, Russia, Iraq,…

Asharq Al Awsat (Vienna)
Business A general view of Riyadh, Saudi Arabia. (SPA)

Saudi Economy Defies Forecasts, Posts Fastest Growth in Three Years

Saudi Arabia closed 2025 with economic performance that exceeded expectations, recording an annual growth of 4.5 percent. The result not only surpassed the…

Zeinab Ali (Riyadh)
Business Oil rigs are pictured in Cabimas, south of Lake Maracaibo, Zulia State, Venezuela, on January 31, 2026. (Photo by Maryorin Mendez / AFP)

Oil Prices Fall Nearly 5% on US-Iran De-escalation

Oil prices fell nearly 5% on Monday, heading for the steepest single-session decline in more than 6 months, after US President Donald Trump said Iran was …

Asharq Al Awsat