Business

Saudi Real Estate Market Maintains Investment Momentum Despite War Fallout

Business Residential developments in Saudi Arabia (Ministry of Municipalities and Housing)

Saudi Real Estate Market Maintains Investment Momentum Despite War Fallout

Saudi Arabia's real estate market continues to attract investment despite geopolitical challenges weighing on economic activity worldwide, supported by new…

Bandar al-Mosalam (Riyadh)
Business An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)

Saudi Stocks Rebound 0.9%, Recouping Previous Session's Losses

Saudi stocks closed higher on Monday, recovering some of the losses sustained in the previous session as heavyweight shares strengthened and the banking sector…

Asharq Al Awsat (Riyadh)
Business Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)

Tesla to Refund Many Cybertruck Deposits as Demand Exceeds Production, Musk Says

Tesla will have to refund Cybertruck deposits for many customers as orders far exceed production capacity, CEO Elon Musk said, following last week's…

Business A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. (Reuters)

China Extends Suspension of New Rare Earth Controls Until January

China on Monday announced a two-month extension of export-control waivers due to expire this month, preserving part of a wide-ranging deal struck after a…

Business United Nations Climate Change Executive Secretary Simon Stiell. (UN)

UN to Asharq Al-Awsat ahead of COP31: Climate Change and Energy Security Are Two Integrated Paths

On the eve of the opening of the 31st United Nations Climate Change Conference (COP31) on Monday in the Turkish city of Antalya, attention is focused on the…

Abeer Hommadi (Riyadh)

Business World Bank Approves $125M Financing for Morocco Solar Projects

World Bank Approves $125M Financing for Morocco Solar Projects

The World Bank has approved 125 million US dollars in financing the Noor-Midelt 1 and II plants in the center of Morocco. The two projects will have a total…

Lahcen Mokena (Casablanca)
Business UAE’s Mubadala Invests $400 Million in European Technology Companies

UAE’s Mubadala Invests $400 Million in European Technology Companies

Mubadala Investment Company of Abu Dhabi announced Wednesday its intent to create a $400 million fund to invest in leading European technology companies. …

Asharq Al Awsat (Abu Dhabi)
Business Chaos in Oil Markets as Saudi Arabia Discusses Scenarios to Appease Everyone

Chaos in Oil Markets as Saudi Arabia Discusses Scenarios to Appease Everyone

Chaos reigned on Wednesday as Russian officials said there was a need to increase the production of the Organization of the Petroleum Exporting Countries (OPEC…

Wael Mahdi (Kuwait)
Business Revival in Jordan Markets after Early Disbursal of Salaries

Revival in Jordan Markets after Early Disbursal of Salaries

Jordanian markets were revitalized in recent days after Prime Minister-designate Omar Razzaz ordered the early payment of salaries. The rejuvenation…

Mohamed Al-Daameh (Amman)
Business Tunisia- IMF Expects Economic Growth of 2.4%

Tunisia- IMF Expects Economic Growth of 2.4%

The International Monetary Fund (IMF) presented optimistic outlooks on the Tunisian economy on the level of economic growth and direct foreign investments. …

Al Mongi Al Saidani (Tunis)
Business Turkey Says it Completed Simplification of Monetary Policy

Turkey Says it Completed Simplification of Monetary Policy

The Turkish government announced it has completed the necessary procedures to simplify its monetary policy and curb the collapse of the Turkish lira against…

Saeed Abdulrazek (Ankara)
Business Saudi Arabia Fines 7 Ex-Members of Mobily BOD, Current Member

Saudi Arabia Fines 7 Ex-Members of Mobily BOD, Current Member

The Capital Market Authority (CMA) announced that the Appeal Committee for the Resolution of Securities Disputes has issued its final verdict on the lawsuit…

Asharq Al Awsat (Riyadh)
Business EBRD

5-Year Cooperation Plan between Tunisia, EBRD

The European Bank for Development and Reconstruction has discussed with Tunisia a five-year economic strategy that would consolidate financial and technical…

Al Mongi Al Saidani (Tunis)
Business Germany’s Central Bank Displays Gold Bars Reserve

Germany’s Central Bank Displays Gold Bars Reserve

Months after the Bundesbank, Germany's federal bank, reacquired much of its gold bullion reserves from abroad, the bank is presenting a portion of its treasure…

Business Saudi

Aramco Eyes Partnerships, Expansion

Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its…

Asharq Al Awsat (Dhahran)
Business eBay Teams up with Dubai Venture to Sell Products in Middle East

eBay Teams up with Dubai Venture to Sell Products in Middle East

eBay has agreed to list popular from the United States and elsewhere on noon.com, a relatively new Middle Eastern e-commerce venture, founded by a Dubai…

Asharq Al Awsat
Business Inflation in Iraq Rises in May

Inflation in Iraq Rises in May

The Iraqi Ministry of Planning announced on Monday that the rate of inflation in May rose by 0.9 percent compared to April. Ministry Spokesman Abdul-Zahra…

Asharq Al Awsat (Baghdad)
Business Morocco, Nigeria Sign 3 Cooperation Agreements

Morocco, Nigeria Sign 3 Cooperation Agreements

President Muhammadu Buhari and King Mohammed VI of Morrocco supervised Sunday the signing of three bilateral cooperation agreements in Rabat, Morroco capital…

Asharq Al Awsat (Rabat)
Business Saudi Electricity Company: Plans to Enhance Investment Opportunities

Saudi Electricity Company: Plans to Enhance Investment Opportunities

In the last few years, in order to achieve the goals and aspirations of Vision 2030, Saudi Electricity Company (SEC) has been implementing a number of plans…

Shujaa al-Baqmi (Riyadh)
Business Britain's Discount Retailer Poundworld Goes Into Administration

Britain's Discount Retailer Poundworld Goes Into Administration

British discount retailer Poundworld has fallen into administration, a form of creditor protection, administrator Deloitte said on Monday, putting 5,100 jobs…

Asharq Al Awsat (London)
Business Tunisia’s Exports Grow Faster than Imports

Tunisia’s Exports Grow Faster than Imports

Tunisia's National Institute of Statistics, a government agency, has revealed that the coverage of exports to imports rose to 72 percent during the first five…

Al Mongi Al Saidani (Tunis)
Business Saudi Arabia Inches Closer to Privatizing Flour Milling Sector

Saudi Arabia Inches Closer to Privatizing Flour Milling Sector

Saudi flour mills are only a few steps away from the privatization process after fulfilling investor requirements, while still preserving the characteristics…

Shujaa al-Baqmi (Riyadh)
Business Will 'OPEC Plus' Agreement to Cut Production End?

Will 'OPEC Plus' Agreement to Cut Production End?

Economic policymakers in the Organization of the Petroleum Exporting Countries (OPEC) are most concerned about the drop in oil prices this year, which is…

Wael Mahdi (Kuwait)
Business Saudi ACWA Power, Energy China sign MoU on Power, Water Desalination

Saudi ACWA Power, Energy China sign MoU on Power, Water Desalination

Saudi ACWA Power and China Energy Engineering Corporation Limited signed a MoU to further pursue cooperation on power generation and water desalination…

Asharq Al Awsat (Dubai)
Business World Union of Arab Bankers Awards 'Samba' Arab Bank of the Year

World Union of Arab Bankers Awards 'Samba' Arab Bank of the Year

World Union of Arab Bankers has named Samba Financial Group for Arab Bank of the Year Award 2018 in recognition of its performance and superior standards and…

Asharq Al Awsat (Riyadh)
Business Investment Plans in Tunisia Industry, Services Sectors Drop

Investment Plans in Tunisia Industry, Services Sectors Drop

The Agency for the Promotion of Industry and Innovation in Tunisia has confirmed that investment plans in the Tunisian industrial sector declined by 35 percent…

Al Mongi Al Saidani (Tunis)
Business Saudi Stocks Achieve New Weekly Gains

Saudi Stocks Achieve New Weekly Gains

The Saudi stock index reached its highest rate since August 2015 during last week’s trade, while the market index closed at 2.25 percent gains amid a…

Shujaa al-Baqmi (Riyadh)
Business Turkey Plans to Impose Commercial Dumping Tariffs on Giant US Companies

Turkey Plans to Impose Commercial Dumping Tariffs on Giant US Companies

The Turkish government has announced its intention to impose commercial dumping duties on giant US companies that cause unfair competition and receive…

Saeed Abdulrazek (Ankara)
Business Jordanian Public Debt Rises to 96% of GDP in April

Jordanian Public Debt Rises to 96% of GDP in April

Jordanian data has revealed that the country’s public debt rose during April to 96 percent of the GDP, while the new government is facing popular pressure to…

Asharq Al Awsat (Amman)