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 The New York Stock Exchange bell is seen from the trading floor in New York City (EPA)

Fed Expected to Keep Rates Unchanged as Chair Powell Pivots Back to Economics

After two weeks of intense political and legal scrutiny, the Federal Reserve will seek to make this week's meeting about interest rates as straightforward and…

Asharq Al Awsat
Business Saudi Investment Minister Khalid Al-Falih speaks during the fourth annual Future Investment Initiative in Riyadh, Saudi Arabia, January 27, 2021. (Reuters)

Saudi GDP Surges to SAR 4.7 Trillion, More Than Doubling in Less Than a Decade

Saudi Minister of Investment Khalid Al-Falih said the Kingdom’s gross domestic product (GDP) rose to SAR 4.7 trillion ($1.25 trillion) by the end of 2024, up…

Bandar al-Mosalam (Riyadh)
Business  Delegates attend the meeting bringing together 40 labor ministers (The Global Labor Market Conference). 

Saudi Arabia Brings Global Leaders Together to Shape Future of Labor Markets

Under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, the third edition of the Global Labor Market Conference opened on…

Zeinab Ali (Riyadh)
Business Saudi Minister of Municipalities and Housing Majed Al-Hogail speaks at Monday's forum in Riyadh. (Asharq Al-Awsat)

300,000 New Homes to Restore Market 'Balance' in Riyadh

Saudi Arabia plans to inject more than 300,000 new housing units into Riyadh over the next three years as part of a broader government strategy to stabilize…

Asharq Al Awsat (Riyadh)
Business A picture taken in Riyadh shows the sign in Arabic of an Aramco gas station on the outskirts of the Saudi capital Riyadh on November 5, 2024. AFP 

Record Demand … $10.5 Billion in Initial Orders for Aramco Bonds

Saudi Aramco saw on Monday a strong demand in the first hours after the company offered indicative pricing for four-tranche dollar-denominated bonds, with…

Asharq Al Awsat (Riyadh)
Business India's Prime Minister Narendra Modi (C) poses for a photograph with European Commission President Ursula von der Leyen (R) and European Council President Antonio Costa before their meeting at the Hyderabad House in New Delhi on January 27, 2026. (AFP)

India’s Prime Minister Says It Has Reached a Free Trade Deal with the EU

Prime Minister Narendra Modi said Tuesday that India and the European Union have reached a free trade agreement to deepen their economic and strategic ties. …

Business World Bank Group Vice President for the People Vice Presidency Dr. Mamta Murthi. (SPA)

World Bank Says Saudi Arabia Partnership Turns Policies into Economic Opportunities

World Bank Group Vice President for the People Vice Presidency Dr. Mamta Murthi affirmed that the partnership between Saudi Arabia and the World Bank serves as…

Asharq Al Awsat
Business In this photo released by the Lebanese Presidency press office, Lebanese president Joseph Aoun, right, meets with Qatari Minister of State for Foreign Affairs Mohammed bin Abdulaziz Al-Khulaifi, at the presidential place in Baabda, east of Beirut, Lebanon, Monday, Jan. 26, 2026. (Lebanese Presidency press office via AP)

Qatar to Invest Hundreds of Millions to Support Lebanon

Gas-rich Qatar on Monday announced investments in Lebanon worth hundreds of millions of dollars to improve the crisis-hit nation’s crumbling electricity sector…

Asharq Al Awsat
Business Gold jewelry is displayed in a shop window in Manhattan’s diamond district as global gold prices hovered near all-time highs in New York City, January 7, 2026. REUTERS/Mike Segar

Gold Hits Record Above $5,100 as Geopolitics Drive Safe‑Haven Rush

Gold prices marched to record levels above $5,100 on Monday, as investors sought ​a safe haven amid international political tension, and silver and platinum…

Asharq Al Awsat
Business King Abdulaziz Port in Dammam (SPA) 

Saudi Arabia’s Non-Oil Exports Rise by 20.7% in November

Data released by Saudi Arabia’s General Authority for Statistics (GASTAT) showed that the Kingdom’s non-oil exports (including re-exports) increased by 20.7%…

Asharq Al Awsat (Riyadh)
Business Kuwait’s Undersecretary of the Ministry of Oil, Sheikh Dr. Nimer Fahad Al-Malik Al-Sabah, and Saudi Arabia’s Assistant Minister of Energy Mohammed Al-Brahim during the meeting. (KUNA)

Saudi Arabia, Kuwait Discuss Projects and Unified Tax Framework in Divided Zone

Saudi Arabia and Kuwait have discussed major projects and the establishment of a unified mechanism for tax procedures in the Divided Zone, during a meeting of…

Asharq Al Awsat (Kuwait City)
Business Officials meet at the headquarters of the Federation of Saudi Chambers in Riyadh. (Asharq Al-Awsat)

Saudi Private Sector Commissions International Firm to Improve Cost Efficiency 

The Saudi private sector has commissioned an international consulting firm to conduct a comprehensive study on the business environment and rising operating…

Bandar al-Mosalam (Riyadh)
Business An Iraqi flag is seen in front of oilfields (Reuters) 

Iraq’s Oil Exports Hit 107.65 Million Barrels in December

Iraq's total oil exports were estimated at 107.65 million barrels in December, the Iraqi Ministry of Oil said on Sunday. The Ministry said the oil exported…

Asharq Al Awsat (Baghdad)
Business Containers carrying Saudi non-oil exports (SPA) 

Saudi Trade Surplus Jumps as Non-Oil Exports Power Structural Economic Shift

Saudi Arabia’s trade surplus recorded a sharp rise in November, driven by a surge in non-oil exports that pushed the surplus up by 70.2%, highlighting a…

Zeinab Ali (Riyadh)
Business Officials are seen at the ceremony in Doha. (World Bank)

World Bank Group Opens First Office in Qatar to Boost Development Cooperation

The World Bank Group (WBG) and the Qatar Fund for Development (QFFD) signed a Memorandum of Understanding during the official opening of the group’s office in…

Asharq Al Awsat (Doha)
Business The effects of this grant span comprehensive financial, economic, and service dimensions - SPA

SDRPY Begins Delivering Oil Derivatives to Power Plants Across Yemen

In line with the Saudi leadership’s directives on January 14 to provide a grant of oil derivatives for operating all power stations in the Republic of Yemen,…

Asharq Al Awsat
Business The King Abdullah Financial District (KAFD) during the early hours of the night in Riyadh, Saudi Arabia, August 29, 2025. (Reuters)

3rd Edition of Global Labor Market Conference to Kick off in Riyadh on Monday

Riyadh will host on Monday the third edition of the Global Labor Market Conference (GLMC) under the patronage of Custodian of the Two Holy Mosques King Salman…

Business A view of the installations at the Puerto La Cruz oil refinery of Venezuelan state oil company PDVSA in Puerto La Cruz, Venezuela, January 23, 2026. (Reuters)

Venezuela Hopes to Boost Its Oil Production by 18 Percent in 2026

Venezuela wants to boost its oil production by 18 percent this year through planned reforms that will fully open the sector to private investors, the head of…

Business The offering is an important step in Maaden's journey to enhance its financial flexibility. (Asharq Al-Awsat)

Saudi Arabia’s Maaden Successfully Raises $1 Billion Through 10-Year International Sukuk

The Saudi Arabian Mining Company (Maaden) announced the successful completion of a dollar-denominated sukuk offering with a total value of $1 billion …

Asharq Al Awsat (Riyadh)
Business A view of a Lenovo event in Saudi Arabia. (Lenovo)

Lenovo: Saudi Arabia Capable of Hosting High-Value Industries

China’s Lenovo is betting big on Saudi Arabia, naming Riyadh as its regional base for the Middle East, Türkiye, and Africa as it ramps up manufacturing and…

Zeinab Ali (Riyadh)
Business  A man selling roasted chestnuts talks to a customer at the Eminonu commercial district, in Istanbul, Türkiye, Friday, Jan. 23, 2026. (AP)

Fitch Revises Türkiye's Outlook to Positive

Global credit ratings agency Fitch revised Türkiye’s outlook to “positive” from “stable” on Friday, citing a faster-than-expected buildup in foreign exchange…

Asharq Al Awsat (Ankara)
Business  Container loading cranes are seen at the Port Jersey Container Terminal in Jersey City, New Jersey on January 23, 2026. (AFP)

Trump Threatens Canada with 100% Tariff Over Pending Trade Deal with China

US President Donald Trump said on Saturday he would impose a 100% tariff on Canada if it follows through on a trade deal with China and warned Canadian Prime…

Business  Argaam logo 

Argaam Warns Against Fraudulent Digital Currency Claims Using Its Name

Saudi financial information platform Argaam has issued a sharp warning after uncovering coordinated fraud attempts carried out through unofficial channels,…

Asharq Al Awsat (Riyadh)
Business TotalEnergies' results in the fourth quarter of 2025 bucked the downward trend among major oil companies (Reuters)

Libya to Sign 25-year Deal with TotalEnergies, ConocoPhillips to Bring over $20 Billion in Investment

Libya will sign a 25-year oil development agreement on Saturday with France's TotalEnergies and US-based ConocoPhillips, involving more than $20 billion in…

Asharq Al Awsat