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 Futures-options traders work on the floor at the New York Stock Exchange's NYSE American (AMEX) in New York City, US, January 21, 2026. REUTERS/Brendan McDermid

Wall Street Intends to Stay Open around the Clock

The closing and opening bells of the New York Stock Exchange (NYSE) may become a ringing ritual of yesteryear, as the market moves toward nonstop trading. …

Asharq Al Awsat
Business European Commission head Ursula von der Leyen and Indian Prime Minister Narendra Modi met in February 2025 in New Delhi as the two economic behemoths sought to forge closer ties. Money SHARMA / AFP

Europe and India Seek Closer Ties with 'Mother of All Deals'

India and Europe hope to strike the "mother of all deals" when EU chiefs meet Prime Minister Narendra Modi in New Delhi next week, as the two economic…

Asharq Al Awsat
Business  The Kingdom of Saudi Arabia will host the World Economic Forum (WEF) Global Collaboration and Growth Meeting on April 22-23, 2026 - SPA

Saudi Arabia to Host World Economic Forum Global Collaboration and Growth Meeting in April

The Kingdom of Saudi Arabia will host the World Economic Forum (WEF) Global Collaboration and Growth Meeting: "Building Common Ground and Reviving Growth" in…

Asharq Al Awsat
Business The shipment is part of a newly announced SAR1.9 billion economic support package comprising 28 development projects - SPA

First SDRPY Oil Derivatives Grant Arrives in Yemen's Socotra

The first shipment of the Oil Derivatives Grant from the Saudi Development and Reconstruction Program for Yemen (SDRPY) arrived in Socotra on Friday. The…

Asharq Al Awsat
Business A container ship is seen at the loading terminal "Altenwerder" in the port of Hamburg, Germany, February 17, 2025. REUTERS/Fabian Bimmer

EU to Suspend 93 billion Euro Retaliatory Trade Package against US for 6 Months

The European Commission said on Friday it would propose suspending for another six months an EU package ​of retaliatory trade measures against the US worth 93…

Asharq Al Awsat
Business A general view of Abadan oil refinery in southwest Iran, is pictured from Iraqi side of Shatt al-Arab in Al-Faw south of Basra, Iraq September 21, 2019. REUTERS/Essam Al-Sudani

Oil Prices Rise on Trump's Iran 'Armada' Comments and Kazakh Outage

Oil prices rebounded on Friday after US President Donald Trump renewed threats against Iran, raising concerns of military action that could disrupt crude…

Asharq Al Awsat
Business The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 22, 2026. REUTERS/staff

Asian Stocks Extend Gains but US Concerns Hit Dollar, Boost Gold

Asian markets extended their recovery on Friday after Donald Trump withdrew his tariff threats over Greenland, although lingering uncertainty about US policy…

Asharq Al Awsat
Business A woman holds a candle next to a Venezuelan flag during a vigil to honor those killed on January 3 during the US operation to capture Venezuela's President Nicolas Maduro and his wife Cilia Flores, at Bolivar Square in Caracas, Venezuela, January 22, 2026. (Reuters)

US Control of Venezuela Oil Risks Debt Restructuring Showdown with China

US control of Venezuela's oil exports has ensnared barrels that had been servicing debt to China, lining up another potential showdown between the two…

Business A view of Riyadh, Saudi Arabia. (Reuters)

Saudi Arabia Officially Opens Property Ownership to Foreigners

Saudi Arabia opened a new chapter in its development drive on Thursday as a long-anticipated law allowing non-Saudis to own real estate came into force. The…

Asharq Al Awsat (Riyadh)
Business Mawani Signs Agreement to Construct Offshore Structures at Ras Al-Khair Port

Mawani Signs Agreement to Construct Offshore Structures at Ras Al-Khair Port

The Saudi Ports Authority (Mawani) has signed a contract with Singatac Arabia to establish a fabrication center for offshore structures and platforms at Ras Al…

Asharq Al Awsat
Business Riyadh, Saudi Arabia 

Saudi Arabia’s National Insurance Strategy: A New Engine for Non-Oil GDP Growth

Saudi Arabia’s Cabinet approval of the National Insurance Strategy marks a major milestone for the Kingdom’s financial sector, with experts describing it as a…

Mohammed al-Mutairi (Riyadh)
Business Saudi Infrastructure Fund Announces $1.2 Bln ‘HUMAIN’ Financing in Davos

Saudi Infrastructure Fund Announces $1.2 Bln ‘HUMAIN’ Financing in Davos

Saudi Arabia sharpened its push into artificial intelligence infrastructure on the sidelines of the World Economic Forum in Davos, as the National…

Najla al-Habriri (Davos)
Business President Donald Trump is presented with the inaugural FIFA Peace Prize by FIFA President Gianni Infantino during the 2026 FIFA World Cup draw at the Kennedy Center, Dec. 5, 2025, in Washington. (AP Photo/Evan Vucci, file)

France Not Considering Soccer World Cup Boycott over Greenland for Now

France's sports minister says her country is not currently thinking about boycotting the soccer World Cup in the United States amid growing tensions related to…

Business The forum's activities included meetings of the joint Saudi-Jordanian Business Council - SPA

Saudi-Jordanian Business Forum Approves Roadmap for Cooperation in Promising Sectors

The Federation of Saudi Chambers and the Jordan Chamber of Commerce organized the Saudi-Jordanian Business Forum at the federation's headquarters in Riyadh. …

Asharq Al Awsat
Business UK gold bars and gold Sovereign coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola

Gold Breaks above $4,800/oz as Geopolitical Tensions Spur Safe-haven Bids

Gold surpassed $4,800 an ​ounce for the first time on Wednesday as geopolitical tensions including US President Donald Trump's bid to control Greenland drove…

Asharq Al Awsat
Business Iranians walk in street in Tehran, Iran, 20 January 2026. (EPA)

Internet Shutdown Squeezes Iran’s Ailing Businesses Already Hurt by Crashing Currency

Iranians have been struggling for nearly two weeks with the longest, most comprehensive internet shutdown in the history of the country — one that has not only…

Business Chairman and CEO of BlackRock, Larry Fink, attends the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 21, 2026. (Reuters)

Larry Fink from Davos: In Age of Artificial Intelligence, Trust Is Hardest Currency

CEO of BlackRock Larry Fink kicked off the World Economic Forum on Tuesday with a stark message, acknowledging a significant erosion of trust in global…

Business 20 January 2026, Switzerland, Davos: Vice Premier of the People's Republic of China He Lifeng speaks during "Special Address by He Lifeng, Vice-Premier of the People's Republic of China session" at the World Economic Forum annual meeting in Davos. (Boris Baldinger/World Ecomonic Forum/dpa)

China’s Vice Premier Tells Davos World Cannot Revert to 'Law of the Jungle'

Chinese Vice Premier He Lifeng warned Tuesday the world must not revert to the "law of the jungle", speaking at the World Economic Forum in Davos as Washington…

Business Finance Minister Mohammed Al-Jadaan and senior Saudi officials at a panel at the World Economic Forum in Davos on Tuesday.

Saudi Finance Minister at Davos: Fiscal Discipline Drove Our Credit Upgrades

Saudi Finance Minister Mohammed Al-Jadaan said on Tuesday strict fiscal discipline lay behind the Kingdom’s string of credit rating upgrades, arguing that…

Asharq Al Awsat (Davos)
Business A general view of Riyadh, Saudi Arabia. (SPA)

Saudi Crown Prince’s Directives Cut Riyadh Property Prices by 3%

Real estate prices in Saudi Arabia’s capital fell 3% in the final quarter of last year, reversing a 1% rise in the previous quarter, in a shift that highlights…

Bandar al-Mosalam (Riyadh)
Business Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of high-level meetings with government officials and global business leaders at the World Economic Forum. (SPA)

Saudi Industry Minister Meets with Global Leaders at World Economic Forum to Advance Partnerships

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held on Tuesday a series of high-level meetings with government officials and global…

Business Chaired by the GAFT, the Saudi-US Trade and Investment Council aims to strengthen economic cooperation between the two countries by reviewing trade and investment policies, addressing barriers, and supporting technical dialogue among relevant entities. (SPA)

Saudi-US Trade and Investment Council Meetings Kick Off in Riyadh

Technical team meetings of the Saudi-US Trade and Investment Council (TIFA) kicked off in Riyadh on Tuesday. Held under the theme “A Platform for Dialogue,…