Business

Visa Relocates European Headquarters to London's Canary Wharf

Business FILE PHOTO: A drone view of London's Canary Wharf financial district, two days before the government presents its critical pre-election budget, in London, Britain March 3, 2024. REUTERS/Yann Tessier/File Photo

Visa Relocates European Headquarters to London's Canary Wharf

Visa is relocating its European headquarters to London's Canary Wharf financial district, the Canary Wharf Group said on Friday. The firm is leasing 300…

Asharq Al Awsat (London)
Business GCC leaders and their representatives attend the 46th Gulf Summit held in the Bahraini capital (BNA) 

World Bank Raises GCC Growth Forecast

The World Bank has lifted its growth forecast for the Gulf Council Cooperation (GCC) to 4.5% for 2026, supported by structural reforms and rapid digital…

Asharq Al Awsat (Washington) Asharq Al Awsat (Riyadh)
Business The agreements were signed during the "Industrial Transformation Saudi Arabia 2025” Exhibition. SPA

Saudi Industry Ministry Signs MoUs to Advance Manufacturing Empowerment

The Ministry of Industry and Mineral Resources has signed a number of memoranda of understanding (MoUs) with leading local and international companies to…

Asharq Al Awsat (Riyadh)
Business FILE PHOTO: Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China October 31, 2010. REUTERS/Stringer/File Photo

China Says Working on Streamlining Rare Earth Export Licenses

China said on Thursday it is working on streamlining rare earth export licenses - a key promised outcome after a meeting between US President Donald Trump and…

Asharq Al Awsat
Business The resources at Jafurah are now estimated at 229 trillion standard cu ft of gas and 75 billion barrels of condensates. (Saudi Aramco)

Saudi Aramco's Jafurah Gas Plant Begins Output with 450 Million Cubic Feet Per Day

The first phase of oil giant Aramco's Jafurah gas plant is complete and production has begun with a capacity of 450 million cubic feet per day, the Saudi…

Asharq Al Awsat

Business Saudi Investment Minister Khalid Al-Falih speaks at the forum in Washington on Wednesday. (Saudi-US Investment Forum)

Saudi-US Investment Forum Unveils Major Energy, Tech, Finance Deals

Washington hosted the Saudi-US Investment Forum on Wednesday, an event described as a strategic bridge marking a decade of shared growth and innovation between…

Heba El Koudsy (Washington)
Business The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)

Saudi Aramco Announces 17 MoUs and Agreements with Companies in the US

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, announced on Wednesday 17 Memoranda of Understanding (MoUs) and agreements…

Business Prince Abdulaziz bin Salman shakes hands with the US Secretary of the Interior. Photo: X

Saudi-US Partnership to Secure Supply Chains for Uranium and Critical Minerals

Saudi Arabia and the United States have signed a Strategic Framework for Cooperation on the security, stability and sustainability of supply chains for uranium…

Asharq Al Awsat (Washington )
Business Flydubai Announces Deal with Boeing for 75 Planes Worth $13 Bn

Flydubai Announces Deal with Boeing for 75 Planes Worth $13 Bn

Low-cost airline flydubai said it signed Wednesday an agreement with Boeing for 75 737 MAX aircraft valued at $13 billion, a day after announcing a similar…

Asharq Al Awsat (Dubai)
Business 18 November 2025, US, Washington: Saudi Arabia's Crown Prince, Mohammed bin Salman attends a dinner at the White House with US President Donald Trump. Photo: -/Saudi Press Agency/dpa

Saudi-US Partnership Makes the Kingdom a Global AI Leader

Saudi Arabia and the United States have signed an artificial intelligence strategic partnership during Saudi Crown Prince Mohammed bin Salman’s visit to…

Asharq Al Awsat (Washington)
Business A man walks past the logo of Tadawul. (AFP)

US Institutions Expand Footprint in Saudi Financial Sector, Nearing a Third of Total Foreign Holdings 

Prince Mohammed bin Salman, Saudi Crown Prince and Prime Minister, arrived in Washington on Tuesday for talks with President Donald Trump and a Saudi-US…

Mohammed al-Mutairi (Riyadh)
Business 18 November 2025, US, Washington: Saudi Arabia's Crown Prince, Mohammed bin Salman, meets with US President Donald Trump at the White House in Washington. Photo: -/SPA/dpa

Minerals on Agenda at Saudi-US Washington Talks

Saudi Arabia is cementing its position as a rising global power in the market for critical minerals, declaring the sector the “third pillar” of its national…

Hala Saghbini (Riyadh)
Business US President Donald Trump meets with Prince Mohammed bin Salman, Saudi Crown Prince and Prime Minister, in the Oval Office at the White House in Washington, DC, USA, 18 November 2025. (EPA)

US Officials: Riyadh, Washington Paving the Way for Greater Economic Investments 

Former US officials predicted that the Saudi talks at the White House will focus on three main pillars that would pave the way for regional stability and…

Fatehelrahman Yousif (Riyadh)
Business PIF Governor Yasir Al-Rumayyan during a panel discussion at the Future Investment Initiative conference in Riyadh (Reuters). 

Saudi Sovereign Fund Expands Its US Footprint With Investments Exceeding $170 Billion

As the Public Investment Fund (PIF) expands its investments in the United States beyond $170 billion, a defining feature of the deepening strategic partnership…

Asharq Al Awsat
Business The Jeddah Port (General Ports Authority) 

Riyadh and Washington… Rising Investments and Diversifying Trade Flows

Economic relations between Saudi Arabia and the United States continue to gain renewed significance, particularly ahead of the anticipated visit of Saudi Crown…

Asharq Al Awsat (Riyadh)
Business The logos of 'flydubai' and 'Emirates' feature on displays at the Dubai Airshow, in Dubai, United Arab Emirates, November 17, 2025. REUTERS/Amr Alfiky

Flydubai Airline Announces Order of 150 Airbus Jets

Low-cost airline flydubai announced an order for 150 Airbus A321neo jets on Tuesday, more than doubling its fleet as it pursues an aggressive expansion plan. …

Asharq Al Awsat
Business Cityscape Global 2025 is being held in Riyadh under the theme "The Future of Urban Living." (SPA)

Cityscape Global 2025 Opens in Riyadh with over SAR161.2 Billion Agreements

Saudi Minister of Municipalities and Housing Majed Al-Hogail inaugurated Cityscape Global 2025 in Riyadh on Monday under the theme "The Future of Urban Living,…

Business The Damascene Sword Monument at Umayyad Square in Damascus, Syria, November 12, 2025. (Reuters)

IMF Sees Signs of Recovery in Syria, Plans Intensive Engagement

The International Monetary Fund said on Monday that Syria’s economy is showing signs of recovery and has prospects for improvement, after a visit of its team…

Business Iraqi Prime Minister Mohammed Shia al-Sudani attends an election rally for the Reconstruction and Development Coalition ahead of the upcoming Iraqi parliamentary elections in Najaf, Iraq, November 2, 2025. REUTERS/Alaa al-Marjani

Iraqi PM, Former Lukoil CEO Discuss Solutions after US Sanctions

Iraqi Prime Minister Mohammed Shia al-Sudani met with the former CEO of Russia's Lukoil to discuss ways of resolving disruptions to the oil company's…

Asharq Al Awsat
Business Abu Dhabi's ADIA to Sell 5% Stake in Qatar Telco Ooredoo

Abu Dhabi's ADIA to Sell 5% Stake in Qatar Telco Ooredoo

The Abu Dhabi Investment Authority will sell 160.5 million of its existing shares in Qatari telecommunications company Ooredoo, around half of its shareholding…

Asharq Al Awsat
Business People shop for gold ornaments at a jewellery showroom during Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, in Mumbai, India, October 22, 2022. REUTERS/Niharika Kulkarni

Gold Steadies After Sell-Off as Markets Await US Data

Gold held steady on Monday as investors awaited US economic data this week for clues on the Federal Reserve's interest rate trajectory after prices fell more…

Asharq Al Awsat
Business Oil pumpjacks and tanks are pictured in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024. REUTERS/Todd Korol

Oil Prices Ease After Loadings Resume at Russian Export Hub

Oil prices dipped slightly on Monday as loadings resumed at Russia's Novorossiysk export hub after a two-day suspension at the Black Sea port that had been hit…

Asharq Al Awsat
Business The first shipment of Saudi Arabia’s grant to Syria’s energy sector  docked at the port of Banias. SANA

Saudi Arabia Delivers First Shipment of Crude Oil Grant to Syria

The first shipment of Saudi Arabia’s grant to Syria’s energy sector arrived on Sunday with a tanker carrying approximately 650,000 barrels of Saudi crude oil…

Asharq Al Awsat (Riyadh)
Business An oil field in Iraq. (AFP)

International Oil Firms Load First Kurdish Exports from Türkiye’s Ceyhan

International oil companies in Iraq's semi-autonomous Kurdistan region have loaded their first export cargo from Türkiye’s Ceyhan terminal, Gulf Keystone…

Asharq Al Awsat
Business European Commission President Ursula von der Leyen addresses the plenary on the 2028-2034 Multiannual Financial Framework at the European Parliament in Brussels, Belgium, Wednesday, Nov. 12, 2025. (AP Photo/Virginia Mayo)

EU's von der Leyen Says 3 Options or Combination Could Finance Ukraine

European Commission President Ursula von der Leyen said in a letter to European Union governments on Monday that there are three options for meeting Ukraine's…

Asharq Al Awsat
Business A Lenovo factory (the company’s website)

Lenovo: Partnership with ALAT to Add $10 Billion to Saudi Economy by 2030

Following the establishment of a factory by Lenovo in Riyadh through a $1 billion partnership with Alat, a company affiliated with the Public Investment Fund,…

Abir Hamdi
Business Donald Trump and Crown Prince Mohammed bin Salman during the US president’s visit to Saudi Arabia in May 2025 (Bandar Al-Galoud)

US-Saudi Business Council Chief: Crown Prince’s Visit to Washington Will Accelerate Strategic Partnership

Saudi Crown Prince Mohammed bin Salman’s visit to the United States comes at a pivotal moment, as US-Saudi relations gain renewed momentum driven by the…

Hala Saghbini (Riyadh)
Business India and the United States remain in talks, despite disagreements over a range of issues including agricultural trade and the Russian oil purchases. PHOTO: REUTERS

India Strikes US Gas Deal Under Trump Pressure

India said Monday it had signed a "significant" deal that will see the United States supply nearly 10 percent of the Asian giant's liquefied petroleum gas (LPG…

Asharq Al Awsat
Business Aerial photo of Oxagon (Oxagon website)

Saudi Arabia's Oxagon Signs Land Lease with AHG for Industrial Gases Facility

Oxagon, the reimagined industrial city of NEOM, announced on Sunday the signing of a land lease agreement with Abdullah Hashim Industrial Gases & Equipment Co…

Asharq Al Awsat (Riyadh)