Business

Iraq to Export More Kirkuk Crude Oil Next Month

Business Oil flows through the Kirkuk-Ceyhan pipeline resumed in late September (Reuters)

Iraq to Export More Kirkuk Crude Oil Next Month

Iraq will export a ​total of 223,000 barrels per day (bpd) in February, up by 21% on the month, ‌loading programs show

Asharq Al Awsat
Business The logo of the World Economic Forum at the Davos Conference Center (AFP)

From Davos: The World Looks to Saudi Vision, from Reform to Delivery

At the 2026 World Economic Forum in Davos, Saudi Arabia offered a compelling account of how long-term ambition can be translated into measurable results. …

Asharq Al Awsat (Davos)
Business The CEO of Saudi Aramco, Engineer Amin Nasser (World Economic Forum)

Nasser from Davos: AI Has Generated $6 Billion for Aramco

The CEO of Saudi Aramco, Engineer Amin Nasser, on Tuesday revealed fundamental transformations in the company's financial and operational performance thanks to…

Asharq Al Awsat
Business A boat makes its way past the Doha skyline in Doha, Qatar on Sunday, Jan. 18, 2026. (Sean Kilpatrick/The Canadian Press via AP)

Qatar Central Bank Says AI Operational Risks Need Prudential Focus

The governor of Qatar's central bank said on Tuesday that operational risks emerging from technologies like Artificial Intelligence should ‌be treated as …

Asharq Al Awsat (Davos)
Business Croatian Central Bank Governor Boris Vujcic pictured during an interview with Reuters in Zagreb (Reuters file photo)

Croatia's Vujcic Nominated as ECB's Next Vice President

Croatia's Boris Vujcic was formally nominated on Monday as the European Central Bank's next vice president, putting him on track to become the first person…

Asharq Al Awsat

Business The logo of Venezuelan state oil company PDVSA is seen on a fuel tank truck, in Caracas, Venezuela May 14, 2025. REUTERS/Leonardo Fernandez Viloria

Venezuela's Oil Facilities Unscathed in US Strike

Venezuela's state-run oil production and refining were operating normally on Saturday ​and suffered no damage from a US strike to extract the country's…

Asharq Al Awsat
Business A Turkish flag is pictured on a boat in Istanbul, Türkiye, June 25, 2018. (Reuters)

Türkiye's 2025 Exports Hit Record $273.4 billion, up 4.5% y/y, Says Erdogan

Türkiye's ​exports hit a record high $273.4 billion in 2025, ‌up ‌4.5% ‌from ⁠a ​year ‌earlier, President Tayyip Erdogan said on Saturday. …

Asharq Al Awsat
Business (FILES) BYD's display booth is seen during the 32nd Gaikindo Indonesia International Auto Show (GIIAS) at the Indonesia Convention Exhibition (ICE) in Tangerang, Greater Jakarta, on July 23, 2025. (Photo by Yasuyoshi CHIBA / AFP)

Tesla Loses Title as World's Biggest Electric Vehicle

Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics and stiff overseas…

Asharq Al Awsat
Business (FILES) A worker polishes gold bullion bars at the ABC Refinery in Sydney on August 5, 2020. (Photo by DAVID GRAY / AFP)

Precious Metals Start 2026 Strong on Rate-cut Optimism, Global Risks

Precious metals kicked off the New Year on a strong note on Friday, rebounding from year-end declines as tensions between major powers and US rate cut hopes…

Asharq Al Awsat
Business FILE PHOTO: A worker stands in front of storage tanks at the Rosneft oil refinery in Tuapse at the Russian Black Sea coast September 6, 2006. REUTERS/Sergei Karpukhin/File Photo

Oil Steadies after Biggest Annual Loss Since 2020

Oil prices steadied on the first day of trade in 2026 after registering their biggest annual loss since 2020 as investors weighed oversupply concerns against…

Asharq Al Awsat
Business  King Abdullah Economic City, located in western Saudi Arabia (Asharq Al-Awsat). 

Saudi Arabia Activates Major Investment Engines With Approval of Special Economic Zone Rules

Saudi Arabia has taken a pivotal step toward strengthening its standing as a global investment destination after the Cabinet approved the regulatory frameworks…

Asharq Al Awsat (Riyadh)
Business An employee works at an assembly line in the Toyota manufacturing plant in Sakarya October 10, 2013. REUTERS/Osman Orsal

Turkish Manufacturing Nears Stabilization as PMI Rises in December

Turkish manufacturing activity shrank at a slower pace in December, marking two consecutive months of improvement, signaling a slight moderation in operating…

Asharq Al Awsat
Business Stock markets welcomed the New Year with healthy gains. Punit PARANJPE / AFP

Asia Stocks Make Bright Start to 2026

Asian markets made a bright start to 2026 on Friday but volumes were thin with Tokyo and Shanghai still closed as investors awaited fresh direction from Wall…

Asharq Al Awsat
Business  A map of Bulgaria with the EU symbol is projected on the Bulgarian National Bank as people celebrate New Year's Eve and Bulgaria's adoption of the euro in Sofia, Bulgaria, Thursday Jan. 1, 2026. (AP)

Bulgaria Adopts the Euro, Nearly 20 Years After Joining the EU

Bulgaria became the 21st country to switch to the euro as it entered the New Year on Thursday, a milestone met with both cheers and fears, nearly 20 years…

Business Saudi Industry Ministry Concludes Ninth Licensing Round, with 24 Companies and Consortia Awarded 172 Mining Sites

Saudi Industry Ministry Concludes Ninth Licensing Round, with 24 Companies and Consortia Awarded 172 Mining Sites

The Saudi Ministry of Industry and Mineral Resources announced on Wednesday the names of 24 companies and consortia that have won licenses in the ninth…

Business The milestone demonstrates the project’s increasing momentum as it shifts from early works to large-scale construction activity. (SPA)

Expo 2030 Riyadh Awards the Main Utilities and Infrastructure Works Package

In a step aimed at advancing construction activities, Expo 2030 Riyadh awarded its Main Utilities and Civil Works package to Nesma and Partners - marking a…

Business As 2025 draws to a close, Saudi Arabia records a year defined not merely by statistical growth, but by structural transformation across every major sector. (SPA)

Saudi Arabia Closes 2025 with Historic Industrial Reform, Global Digital Leadership, Record-Breaking Economic Activity

The second half of December marked a transformative conclusion to the year for Saudi Arabia, defined by a major policy shift to empower the industrial sector,…

Business People walk down steps near a residential building area with a view of China Zun, the tallest skyscraper in Beijing, Tuesday, Dec. 23, 2025. (AP)

China’s Factory Activity Snaps Record Slump on Festive Stockpiling

China's factory activity unexpectedly grew in December, snapping a record eight straight months of decline, lifted by a rise in pre-holiday orders ​as…

Business Pedestrians walk along a street in the Central Business District of Beijing, China, 31 December, 2025. (EPA)

Xi Says China to Hit 2025 Growth Target of 'Around 5%'

Chinese President Xi Jinping said Wednesday that the country's economy is expected to have grown "around five percent" in 2025, despite "pressure" during a…

Business  A man walks at the seafront as scattered clouds are seen over Mumbai's skyline, India, June 10, 2015. (Reuters)

India Overtakes Japan as World's 4th Largest Economy

India has overtaken Japan as the world’s fourth largest economy and officials hope to pass Germany within three years, the government’s end-of-year economic…

Business  The airport will incorporate the King Khalid terminals - SPA

King Salman International Airport Kicks of Construction of 3rd Runway to Boost Operational Efficiency

King Salman International Airport (KSIA), a PIF company, has commenced construction works on the third runway, marking a strategic step that reflects continued…

Asharq Al Awsat
Business Mawani, Arabian Chemical Terminals Sign Land Lease for Jubail Port Storage Tanks

Mawani, Arabian Chemical Terminals Sign Land Lease for Jubail Port Storage Tanks

The Saudi Ports Authority (Mawani) signed a contract with Arabian Chemical Terminals Ltd. to establish storage tanks for chemical and petrochemical materials…

Asharq Al Awsat
Business A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel

Oil Prices Stable as Investors Seek Clarity on Russia-Ukraine Talks

Oil prices were little changed on Tuesday as investors took stock of ​dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the…

Asharq Al Awsat
Business FILE PHOTO: The logo of Meta is seen at Porte de Versailles exhibition center in Paris, France, June 11, 2025. REUTERS/Gonzalo Fuentes/File Photo/File Photo

Meta Buys China-founded AI Agent Manus

Facebook owner Meta has agreed to acquire Manus, an artificial intelligence agent created by a company founded in China but now based in Singapore, the two…

Asharq Al Awsat
Business Gold and silver prices have fallen from record highs this week. DAVID GRAY / AFP/File

Precious Metals Fall again, Asian Stocks Swing as Traders Wind Down

Precious metals extended losses Tuesday on profit-taking after hitting recent records, while equities fluctuated in quiet trade as investors wound down ahead…

Asharq Al Awsat
Business The Quality of Life Program Center has launched its new report on "Smart Cities". (SPA)

Quality of Life Program Center Launches 'Smart Cities' Report

The Quality of Life Program Center has launched its new report on "Smart Cities," highlighting key global trends in the development of smart cities and their…

Asharq Al Awsat
Business Saudi Arabia Turns Potato Farming Challenge into Export Opportunity

Saudi Arabia Turns Potato Farming Challenge into Export Opportunity

In the deserts of Hail in northern Saudi Arabia, where rugged mountains border a climate that turns mild in summer and biting in winter, an unlikely…

Abir Hamdi (Hail)
Business  Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef speaks during the business forum in Riyadh (Asharq Al-Awsat)

Saudi Arabia Among Top 10 Investors in Tunisia With Over $375 Mln

Saudi investments in Tunisia have gathered momentum over recent years, placing the kingdom among the country’s top 10 foreign investors, with cumulative…

Asharq Al Awsat
Business A man walks past a sign at a currency exchange bureau as the value of the Iranian rial drops, in Tehran, Iran, December 20, 2025. (Via Reuters)

Iran's Central Bank Chief Resigns

Iran's central bank chief, Mohammad Reza Farzin, has resigned, the semi-official ​Nournews agency reported on Monday, citing an official at the president's…

Asharq Al Awsat