Thailand Explores Cooperation with Saudi Arabia in Renewable Energy, Green Hydrogen

Business The Saudi Minister of Investment and Thailand’s Foreign Minister honor representatives of the private sector in both countries at the investment forum in Riyadh. Asharq Al-Awsat

Thailand Explores Cooperation with Saudi Arabia in Renewable Energy, Green Hydrogen

Thai Foreign Minister Maris Sangiampongsa said that relations between Thailand and Saudi Arabia go beyond bilateral cooperation to regional and international…

Fatehelrahman Yousif (Riyadh)
Business Saudi Arabian Airlines plane, is seen at the airport of the Red Sea resort of Sharm el-Sheikh, Egypt, August 9, 2021. (Reuters)

Saudia Becomes Global Leader and Ranks First Worldwide in On-Time Performance

Saudia, the national flag carrier of the Kingdom of Saudi Arabia, has topped the list of global airlines for on-time performance, according to a report by the…

Business GAMI participated in various international meetings and partnerships aimed at enhancing cooperation in the military and defense field and exchanging expertise. (SPA)

Saudi Arabia’s GAMI Concludes Participation in Farnborough Int’l Airshow 2024

Saudi Arabia’s General Authority for Military Industries (GAMI) concluded its participation in Farnborough International Airshow, held recently in London, UK,…

Business  A helicopter works a forest fire outside of Jasper, Alberta, Canada, on Friday July 26, 2024. (Reuters)

Fire, Smoke Upend Western Canada’s Summer Tourism Season

Severe wildfire seasons are increasingly hurting western Canada's lucrative tourism industry, with some visitors beginning to avoid the busy late-summer months…

Business A man monitors the movement of stocks on the Saudi Tadawul index. (AFP)

Revenue Growth, Improved Operational Efficiency Boost Profitability of Saudi Telecom Companies

Telecommunications companies listed on the Saudi Stock Exchange (Tadawul) achieved a 12.46 percent growth in their net profits, which reached SAR 4.07 billion …

Mohammed al-Mutairi (Riyadh)

Business Saudi MODON: Logistics Spaces Allocated in Industrial Cities Exceed 4.8 Million Square Meters

Saudi MODON: Logistics Spaces Allocated in Industrial Cities Exceed 4.8 Million Square Meters

The Saudi Authority for Industrial Cities and Technology Zones, known as MODON, has expanded its total logistics space in industrial cities across the Kingdom…

Business Saudi Arabia's Trade Surplus Hits Record High of Over SAR41.411 Billion

Saudi Arabia's Trade Surplus Hits Record High of Over SAR41.411 Billion

Saudi Arabia’s trade balance reached a surplus of SAR41.411 billion in April 2024, which is the highest level so far this year, according to the preliminary…

Business Officials are seen at the signing ceremony. (SPA)

Saudi Power Procurement Company Signs Purchase Agreements for 3 Solar Energy Projects 

The Saudi Power Procurement Company (SPPC) signed on Wednesday Power Purchase Agreements (PPA) for three new solar photovoltaic projects with a consortium of…

Business FILE PHOTO: Oil pump jacks are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo

Oil Eases as Stock Build Raises Specter of Slower US Demand

Oil prices dipped on Thursday as a surprise build in US stockpiles fueled fears about slow demand from the world's top oil consumer, though declines were…

Asharq Al Awsat
Business Euro banknotes are seen in this illustration taken July 17, 2022. Reuters

Bulgaria, Romania Fail Economic Tests to Join Euro

The eastward expansion of Europe’s single currency has suffered a setback after Bulgaria and Romania failed to meet the economic criteria needed to adopt the…

Asharq Al Awsat (Frankfurt)
Business A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. (Reuters)

Global LNG Market Remains ‘Fragile’ Despite Lower Prices

The International Gas Union (IGU) said in a report on Wednesday that the global liquefied natural gas (LNG) market remains fragile following two years of…

Asharq Al Awsat (London)
Business KSA Participates in GCC-US Trade Cooperation and SelectUSA Investment Summit. (SPA)

KSA Participates in GCC-US Trade Cooperation, SelectUSA Investment Summit

A Saudi delegation led by General Authority of Foreign Trade (GAFT) Deputy Governor for International Relations Abdulaziz bin Omar Al-Sakran, participated on…

Asharq Al Awsat
Business Saudi Aramco and Sempra announced that their respective subsidiaries have executed a non-binding heads of agreement (HoA) for a 20-year sale and purchase agreement (SPA) for liquefied natural gas (LNG) offtake of 5.0 million tons per annum (Mtpa) from the Port Arthur LNG Phase 2 expansion project. (SPA)

Aramco, Sempra Announce Deal for Royalties of Equity and Purchase of LNG from Port Arthur

Saudi Aramco, one of the world's leading integrated energy and chemicals companies, and Sempra, one of North America's leading energy infrastructure companies,…

Business Marked ingots of 99.99 percent pure gold are placed in a cart at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia March 10, 2022. REUTERS/Alexander Manzyuk/File Photo

Gold Hits over 2-week Low as Higher US Dollar, Yields Dent Appeal

Gold prices slipped 1% to their lowest level in more than two weeks, weighed down by a stronger dollar and higher bond yields, while traders looked forward to…

Asharq Al Awsat
Business Saudi EXIM Bank Signs MOU with OPEC Fund for International Development

Saudi EXIM Bank Signs MOU with OPEC Fund for International Development

The Saudi Export-Import Bank (EXIM) and the OPEC Fund for International Development have signed a memorandum of understanding (MOU) to enhance cooperation,…

Asharq Al Awsat
Business  JCPDI also imported 30,000 tons of ilmenite from the Mozambique. - SPA

JCPDI Exports 11,000 Tons of Pig Iron to Italy

Jazan City for Primary and Downstream Industries (JCPDI) exported over 11,000 tons of pig iron through its port to Italy, SPA reported. Pig iron is one of…

Asharq Al Awsat
Business Vehicle prices in Saudi Arabia have witnessed a significant increase. Asharq Al-Awsat

Saudi Arabia Continues Campaign against Violations of Car Dealers, Showrooms

The Saudi General Authority for Competition (GAC) continues its campaign to crack down on violations committed by car dealers and showrooms. On Tuesday, GAC…

Bandar al-Mosalam (Riyadh)
Business An aerial view taken from a helicopter shows the Leviathan natural gas rig off the coast of the Mediterranean coast, in northern Israel, April 26, 2023. (Reuters)

Israel Approves Extra Gas Exports, Leviathan Field to Be Expanded 

Israel on Wednesday approved the export of more natural gas from its offshore fields to boost the economy and energy security, and its partners in the huge…

Business The Saudi pavilion at the International Transportation and Logistics Expo (CITLE) in Shanghai, China. (Asharq Al-Awsat)

13 Entities Highlight Development of Saudi Logistics Services at Shanghai Expo

Thirteen Saudi entities working in the transportation and logistics services are highlighting the Kingdom’s infrastructure development in the maritime, land,…

Asharq Al Awsat (Shanghai)
Business The Saudi flag

Kuwait Finance House Considering Expansion in Saudi Arabia

Kuwait Finance House (KFH), the Gulf country's largest lender, is looking at opportunities to expand in Saudi Arabia, it said in a bourse filing on Tuesday,…

Asharq Al Awsat (Riyadh)
Business Meeting of the IEF, chaired by Mohamed Kurdi of Saudi Arabia in Rome (IEF website)

Bahrain’s Jassim Alshirawi Elected Secretary General of International Energy Forum

The Executive Board of the International Energy Forum (IEF) elected on Tuesday Jassim Alshirawi of Bahrain as the sixth IEF Secretary General at a meeting…

Asharq Al Awsat (Riyadh)
Business The contract was signed by SGP chief executive Edward Tah and SANY Marine chief executive Jeff Fu in the presence of other officials. Asharq Al-Awsat

Saudi Global Ports and SANY Heavy Industry Sign Contract to Manufacture, Supply 80 Electric Trucks

The Saudi Ports Authority (Mawani) announced the signing of a contract between the Saudi Global Ports (SGP) and SANY Heavy Industry, the leading Chinese…

Asharq Al Awsat (Riyadh)
Business Saudi Minister of Economy and Planning Faisal bin Fadel Al-Ibrahim speaks at the forum. (SPA)

Saudi Minister of Economy: Accelerating Economic Diversification Is Priority of Vision 2030

Saudi Minister of Economy and Planning Faisal bin Fadel Al-Ibrahim said the Kingdom has reached the halfway point in its journey towards Vision 2030, reported…

Business The summit highlighted the investment opportunities in Saudi Arabia’s five largest projects: NEOM, Qiddiya, the Red Sea Project, Roshen, and Diriyah. (SPA)

British-Saudi Sustainable Forum Focuses on Energy, Infrastructure Investments in Saudi Arabia

British investors at the British-Saudi Sustainable Infrastructure Summit in London expressed on Monday keen interest in investing in the renewable energy…

Business The Al-Qasr project, one of the projects of Dar Al Arkan Real Estate Development Company in Riyadh (Reuters)

Saudi Real Estate Activities Record Deals Worth $170Bn Since Beginning of 2024

Real estate activities in Saudi Arabia continued to grow since the beginning of 2024, recording more than 280,000 transactions worth more than $170 billion …

Mohammed al-Mutairi (Riyadh)
Business The signing of the geographical survey contracts for renewable energy projects in the presence of the Minister of Energy (Ministry of Energy website)

Saudi Arabia Launches Geographical Survey to Determine Renewable Energy Sites

Saudi Arabia launched a geographical survey project to determine renewable energy sites in the country. The project is the first of its kind in the world in…

Mosaed al-Zayani (Riyadh)
Business Gold bullion displayed in a store in the German city of Pforzheim (dpa)

Gold Drifts Lower as Traders await US Inflation Data

Gold prices eased on Tuesday, while investors looked toward key US inflation data due later this week that could throw some light on the Federal Reserve's…

Asharq Al Awsat
Business The Skytrax Awards are seen as the top prize of the aviation industry and the most important global standard for excellence among airlines worldwide - SPA.

flynas Named 4th-Best Low-Cost Airline in the World, Best LCC in Middle East

flynas, the Saudi low-cost air carrier, in 2024 was named the fourth-best low-cost airline in the world for the second year in a row, and it kept its position…

Asharq Al Awsat
Business Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. REUTERS/Jason Lee/File Photo Purchase Licensing Rights

China Wants EU to Scrap EV Tariff Plans as Talks Start

Beijing wants the EU to scrap plans to impose preliminary tariffs on Chinese electric vehicle imports by July 4, China's state-controlled Global Times reported…

Asharq Al Awsat