Saudia Becomes Global Leader and Ranks First Worldwide in On-Time Performance

Business Saudi Arabian Airlines plane, is seen at the airport of the Red Sea resort of Sharm el-Sheikh, Egypt, August 9, 2021. (Reuters)

Saudia Becomes Global Leader and Ranks First Worldwide in On-Time Performance

Saudia, the national flag carrier of the Kingdom of Saudi Arabia, has topped the list of global airlines for on-time performance, according to a report by the…

Business GAMI participated in various international meetings and partnerships aimed at enhancing cooperation in the military and defense field and exchanging expertise. (SPA)

Saudi Arabia’s GAMI Concludes Participation in Farnborough Int’l Airshow 2024

Saudi Arabia’s General Authority for Military Industries (GAMI) concluded its participation in Farnborough International Airshow, held recently in London, UK,…

Business  A helicopter works a forest fire outside of Jasper, Alberta, Canada, on Friday July 26, 2024. (Reuters)

Fire, Smoke Upend Western Canada’s Summer Tourism Season

Severe wildfire seasons are increasingly hurting western Canada's lucrative tourism industry, with some visitors beginning to avoid the busy late-summer months…

Business A man monitors the movement of stocks on the Saudi Tadawul index. (AFP)

Revenue Growth, Improved Operational Efficiency Boost Profitability of Saudi Telecom Companies

Telecommunications companies listed on the Saudi Stock Exchange (Tadawul) achieved a 12.46 percent growth in their net profits, which reached SAR 4.07 billion …

Mohammed al-Mutairi (Riyadh)
Business Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)

Saudi's flynas Strikes Deal for Additional Airbus A320neos, 15 A330s

flynas, Saudi Arabia’s leading low-cost carrier, has signed a Memorandum of Understanding (MoU) with Airbus for 75 A320neo family aircraft and 15 A330-900…

Asharq Al Awsat

Business Kazakhstan raised oil and gas condensate production in June by 4% from May on a daily basis to 7.24 million metric tons. Reuters

Kazakhstan Prepares Plan to Compensate for Oil Overproduction

Kazakhstan will compensate for oil output exceeding its OPEC+ quota in the first half of this year by September 2025, its energy ministry said on Monday,…

Asharq Al Awsat (London)
Business FILE PHOTO: A man walks into the JP Morgan headquarters at Canary Wharf in London May 11, 2012. REUTERS/Dylan Martinez/File Photo

JPMorgan Cuts Forecast for Emerging Market Corporate Defaults

Investment bank JPMorgan cut on Monday its forecast of the number of emerging market companies expected to default on their debt, following the biggest…

Asharq Al Awsat (London)
Business The Boeing logo is displayed on one of its buildings in El Segundo, California, USA, 08 July 2024. EPA/CAROLINE BREHMAN

FAA Orders Inspection of 2,600 Boeing 737s Over Oxygen Mask Issue

The Federal Aviation Administration said on Monday it is requiring inspections of 2,600 Boeing 737 airplanes because passenger oxygen masks could fail during…

Asharq Al Awsat
Business An MoU was signed to strengthen cooperation between Saudi Arabia and Romania. SPA

Saudi, Romanian Transport Ministers Sign MoU on Logistics Services

Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser has met with Romanian Minister of Transport, Infrastructure, and Communications…

Asharq Al Awsat (Riyadh)
Business Britain's Chancellor Rachel Reeves delivers a speech at the Treasury to an audience of leading business figures and senior stakeholders, announcing the first steps the new government will be taking to deliver economic growth, in London, Monday July 8, 2024. (Jonathan Brady/Pool Photo via AP)

UK Treasury Chief: Stimulating Economic Growth is New Labour Government's Mission

Britain's new Labour government will make stimulating economic growth its mission, the Treasury chief said Monday, pledging to limit bureaucracy to make it…

Asharq Al Awsat (London)
Business FILE PHOTO: Oil pump jacks are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo

Oil Slips as Gaza Talks Ease Supply Worries; Hurricane Beryl in Focus

Oil prices slid on Monday after rising for four weeks, as the prospect of a ceasefire deal in Gaza eased tensions in the Middle East, while investors assessed…

Asharq Al Awsat
Business A part of Ras Al Khair Industrial City, which is considered the main cornerstone of the mining industry in the Kingdom (SPA)

Saudi Arabia Issues 86 Industrial Licenses in April Worth $587 Million

Saudi Arabia's Ministry of Industry and Mineral Resources issued 86 new industrial licenses in April, totaling investments of SAR2.2 billion (USD587 million)…

Asharq Al Awsat (Riyadh)
Business Saudi Arabia's Liquidity Hits All-Time High of SAR2.825 Trillion

Saudi Arabia's Liquidity Hits All-Time High of SAR2.825 Trillion

Saudi Arabia's liquidity levels continued to grow strongly, reaching SAR2,825,715 million at the end of May 2024, marking an annual growth of approximately 8.6…

Business A participant holds a French flag during an election night rally following the first results of the second round of France's legislative election at Place de la Republique in Paris on July 7, 2024. (AFP)

Euro Falls as Markets Brace for French Post-election Gridlock

The euro slipped on Sunday after projections from France's election pointed to a hung parliament and an unexpectedly strong showing for the left-wing New…

Business  Vehicles are carried by ferry across Aransas Pass as Hurricane Beryl moves closer to the Texas coast, Saturday, July 6, 2024, in Port Aransas, Texas. (AP)

US Coast Guard Says Hurricane May Shut Oil Ports

The US Coast Guard warned of possible Texas port closures from Corpus Christi to Houston and began restricting vessel traffic because of Tropical Storm Beryl,…

Business A worker at a supermarket in South Korea puts bags of instant noodles on the shelves (Yonhap news agency)

South Korea’s Food Exports Rose to $6.2 Billion in 6 Months

South Korea's exports of food and related goods rose 5.2% on-year in the first half of 2024, government data showed, led by the popularity of instant noodles…

Asharq Al Awsat
Business Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee//File Photo Purchase Licensing Rights

China Autos Group 'Strongly Dissatisfied' with EU Anti-subsidy Tariffs

The China Association of Automobile Manufacturers (CAAM) is "strongly dissatisfied" with anti-subsidy tariffs proposed by the European Union, the industry…

Asharq Al Awsat
Business A view of the Palace of Westminster which houses Britain's parliament, during the general election, in London, Britain, July 5, 2024. REUTERS/Hannah McKay Purchase Licensing Rights

British Assets Gain, Mid-cap Stocks Lead after Labour Election Win

British domestic-focussed mid-cap stocks were the biggest gainers on Friday after the centre-left Labour Party surged to a comprehensive win in a parliamentary…

Asharq Al Awsat
Business A German flag blows in the wind in front of a stack of containers at the harbour in Hamburg, Germany, February 24, 2022. REUTERS/Fabian Bimmer/File Photo Purchase Licensing Rights

German Coalition Reaches Breakthrough on 2025 Budget, Financial Plan

The leaders of Germany's three-party coalition on Friday achieved a breakthrough in negotiations on the national budget for 2025, dpa has learnt from…

Asharq Al Awsat
Business The government also sharply revised down its estimate of job growth for April and May by a combined 111,000.  (Reuters pic)

US Employers Added Solid 206,000 Jobs in June

US employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the US economy’s ability to withstand high…

Asharq Al Awsat
Business N/A

Green Investments Surge in Saudi Arabia with Circular Economy, Clean Hydrogen Tech

Saudi Arabia is pushing towards achieving carbon neutrality by 2060 and developing a green economy. Skytower Investments, a renewable technology, green…

Fatehelrahman Yousif (Riyadh)
Business Kuwait’s Finance and Investment Minister Dr. Anwar Al-Mudhaf (Asharq Al-Awsat)

Kuwait Finance Minister Forecasts $85 Bn Deficit Over Next Four Years

Kuwait’s Finance and Investment Minister, Dr. Anwar Al-Mudhaf, anticipates a budget deficit of 26 billion dinars ($85 billion) over the next four years…

Asharq Al Awsat (Kuwait)
Business FILE PHOTO: Oil pump jacks are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo

Oil Prices on Track for Fourth Straight Week of Gains

Oil prices dipped on Friday but were on track for a fourth straight week of gains and were near their highest levels since late April on hopes of strong summer…

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/File Photo

Gold Set for Second Straight Weekly Rise

Gold prices firmed on Friday and were set for a second straight weekly gain, while traders awaited US employment data to gauge the trajectory of the Federal…

Asharq Al Awsat
Business Abu Dhabi National Oil Company signed a general agreement with the Japan Bank for International Cooperation for a $3 billion green financing facility. WAM

UAE’s ADNOC, Japan Bank for International Cooperation Sign $3 Billion Green Financing Agreement

Abu Dhabi National Oil Company (ADNOC) has signed a general agreement with the Japan Bank for International Cooperation (JBIC) for a $3 billion (AED11 billion)…

Asharq Al Awsat (Abu Dhabi)
Business A European Commission probe launched last year concluded that state subsidies for Chinese EV manufacturers were unfairly undercutting European rivals © STR / AFP/File

EU Slaps Chinese Electric Cars with Tariffs of up to 38%

The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of Beijing's "unfair" support, a…

Asharq Al Awsat
Business A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)

Egypt's Non-oil Sector Edges Closer to Growth in June

Egypt's non-oil private sector showed more signs of improvement in June, a survey showed on Thursday. The S&P Global Purchasing Managers' Index for Egypt…

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

Saudi Arabia, Romania Sign MoU to Enhance Agricultural Cooperation

The Kingdom of Saudi Arabia, represented by the Ministry of Environment, Water, and Agriculture, signed a memorandum of understanding with the Ministry of…

Business Mawani Extends Exemption for Empty Container Fees at Dammam Port

Mawani Extends Exemption for Empty Container Fees at Dammam Port

The Saudi Ports Authority (Mawani) announced the extension of the exemption period for storage fees for exported empty containers at King Abdulaziz Port in…

Asharq Al Awsat