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 SABIC: $1.4 Bn Net Profit in Q1

SABIC: $1.4 Bn Net Profit in Q1

Saudi Basic Industries Corporation (SABIC), the biggest petrochemicals producer in the Middle East, has reported a net profit of SR5.51 billion ($1.46 billion…

Business ADNOC Grants OMV an Offshore Concession

ADNOC Grants OMV an Offshore Concession

Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Armed Forces Sheikh Mohamed bin Zayed and Austria’s Chancellor Kurz…

Asharq Al Awsat (Abu Dhabi)
Business KSA: Increase in Participation Rate, Unemployment Stable

KSA: Increase in Participation Rate, Unemployment Stable

Saudi General Authority for Statistics released its Labor Market Bulletin for the fourth quarter of 2017, which provides comprehensive data and indicators on…

Asharq Al Awsat (Riyadh)
Business In a First, Saudi Aramco Appoints a Woman to its Board

In a First, Saudi Aramco Appoints a Woman to its Board

Lynn Laverty Elsenhans became on Sunday the first woman executive ever appointed to Saudi Aramco’s board. She will join other new members to the oil giant…

Asharq Al Awsat (Al-Dammam)
Business Egypt Seeks to Rely on Gas by 44% in 2020 Energy Targets

Egypt Seeks to Rely on Gas by 44% in 2020 Energy Targets

Egypt’s mineral resources sector seeks to connect natural gas to three million housing units in light of the medium-term sustainable development strategy (2018…

Asharq Al Awsat (Cairo)
Business Saudi MoJ Enhances Investments with Electronic Services

Saudi MoJ Enhances Investments with Electronic Services

Beneficiaries can now access the documentary services from Saudi Arabia’s Ministry of Justice in a short time of 60 minutes, following a campaign launched by…

Asharq Al Awsat (Riyadh)
Business Riyadh

Saudi Arabia: Predictions on Foreign Investment Growth of 12% in 2020

Saudi Arabia’s investment environment is poised to attract international companies to the Saudi market and to establish partnerships that would increase…

Fatehelrahman Yousif (Riyadh)
Business Tunis

Tunisia Tourist Numbers Up 19%

Tunisia welcomed around 1.7 million tourists from January to April 20, up 19 percent from the same period last year. The Tunisian Ministry of Tourism said…

Al Mongi Al Saidani (Tunis)
Business car

When Marketing Luxury Vehicles, ‘Electric’ Is No Longer a Bad Word

Many Bentley customers believe they have obtained their wealth because of luck. So says Bentley Motors Ltd.’s new chairman and chief executive officer,…

Hannah Elliott (New York)
Business US Mission Discusses with Saudi Arabia Areas of Cooperation in Nuclear Energy

US Mission Discusses with Saudi Arabia Areas of Cooperation in Nuclear Energy

The US Civil Nuclear Trade Mission discussed with the Saudi business sector in the Council of Saudi Chambers (CSC) means of strengthening investment…

Fatehelrahman Yousif (Riyadh)
Business Saudi-British Business Council Discusses Innovation Partnership

Saudi-British Business Council Discusses Innovation Partnership

A delegation from the Saudi-British Business Council discussed Thursday in Oxford University cooperation in the field of innovation research in vital fields…

Fatehelrahman Yousif (Riyadh)
Business Aramco, SABIC Ink Deal with KBR

Aramco, SABIC Ink Deal with KBR

Saudi Aramco and SABIC have awarded the US engineering company KBR, for the project’s management and front-end engineering and design. In November, SABIC and…

Asharq Al Awsat (Riyadh)
Business Aramco

Aramco CEO: Market Determines Oil Prices 

Amin Nasser, President and CEO of Saudi Aramco, has said that the initial public offering of the oil company is on track, noting that oil prices are determined…

Abdulhadi Habtor (Riyadh)
Business Qatar

Qatar Airways Admits ‘Substantial’ Losses due to Arab Boycott

Qatar Airways made a “substantial” loss in its last financial year because of a regional dispute that has banned the airline from four Arab countries, its…

Asharq Al Awsat (London)
Business EU Supports Egypt Turning into Regional Energy Hub

EU Supports Egypt Turning into Regional Energy Hub

The memorandum of understanding signed between Egypt and the EU for the strategic partnership in the field of energy opens new horizons to deepen cooperation…

Asharq Al Awsat (Cairo)
Business India Exempts Saudi Arabia from Saturated Alcohol Anti-Dumping Duty

India Exempts Saudi Arabia from Saturated Alcohol Anti-Dumping Duty

India's Ministry of Commerce and Industry (MoI) has accepted a petition to exempt Saudi Arabia from imposing anti-dumping levies on India's imports of…

Asharq Al Awsat (Riyadh)
Business bazaar

Turkey Expects Capital Flows After Early Elections

International investors are looking positively at the latest economic reforms in Turkey, according to Turkish Deputy Prime Minister for Economic Affairs Mehmet…

Saeed Abdulrazek (Ankara)
Business Saudi Arabia: Commitment to Economic Reform Increases Investment Appeal

Saudi Arabia: Commitment to Economic Reform Increases Investment Appeal

Saudi Arabia is now one of the best places to attract foreign investment in various sectors, officials and specialists confirmed on Wednesday. They referred to…

Abdulhadi Habtor (Riyadh)
Business Saudi Economic and Development Affairs Council Launches Privatization Program

Saudi Economic and Development Affairs Council Launches Privatization Program

Saudi Council of Economic and Development Affairs approved the executive plan for the "Privatization Program", a key plan of Vision 2030 that aims to raise…

Shujaa al-Baqmi (Riyadh)
Business IMF Enhances Its International Anti-Corruption Role

IMF Enhances Its International Anti-Corruption Role

International Monetary Fund (IMF) decided to enhance its fight against corruption through a more systematic assessment of this phenomenon among member…

Asharq Al Awsat (Washington)
Business Egypt at Heart of EU Energy Supply Interests

Egypt at Heart of EU Energy Supply Interests

Egypt is expected to sign with Europe a major agreement, which will allow it to start exporting liquefied gas to the continent, boosting its prospects of…

Asharq Al Awsat (Cairo)
Business Saudi Arabia Seeks Development of Vegetation by Planting 10 Million Trees in 2020

Saudi Arabia Seeks Development of Vegetation by Planting 10 Million Trees in 2020

The Saudi Ministry of Environment, Water and Agriculture launched on Monday several initiatives to develop vegetation in the Kingdom, including a project to…

Nayef al-Rashid (Riyadh)
Business ADNOC Establishes New Unit to Maximize Value from Every Oil Barrel

ADNOC Establishes New Unit to Maximize Value from Every Oil Barrel

The Abu Dhabi National Oil Company (ADNOC) announced it is establishing a new trading unit within its Marketing, Sales and Trading Directorate to introduce and…

Asharq Al Awsat (Abu Dhabi)
Business Saudi-UK SME Partnership Forum Tackles Financial Technology, E-Trade

Saudi-UK SME Partnership Forum Tackles Financial Technology, E-Trade

Around 100 Saudi and British firms are going to participate in the Saudi-UK SME Partnership Forum that will be launched in London on Tuesday. It will discuss…

Fatehelrahman Yousif (Riyadh)