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 Sheikh Mohammed

Mohammed bin Zayed Names Abu Dhabi's Largest Housing Project ‘Riyadh City’

Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohammed bin Zayed Al Nahyan unveiled on Monday "al-Riyadh City", the newest…

Mosaed al-Zayani (Abu Dhabi )
Business Bitcoin to Hit $10,000

Bitcoin to Hit $10,000

Bitcoin’s vertiginous ascent showed no signs of abating on Monday, with the cryptocurrency soaring to another record high just a few percent away from $10,000…

Asharq Al Awsat (London)
Business Saudi Aramco, SABIC Establish Largest Oil-to-Chemicals Complex

Saudi Aramco, SABIC Establish Largest Oil-to-Chemicals Complex

Saudi oil and chemical majors Aramco and SABIC announced the beginning of a new era in the petrochemical industry. They have signed an agreement to build one…

Obeid Al-Suhaimi (Dammam)
Business Riyadh

Five Key Studies at Riyadh Economic Forum

The eighth round of the Riyadh Economic Forum, which is held under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz, will kick off…

Shujaa al-Baqmi (Riyadh)
Business Creditors Put Greece Reform Efforts Under the Microscope

Creditors Put Greece Reform Efforts Under the Microscope

Greece's international creditors will begin a new round of intense scrutiny of reform efforts on Monday. The German Press Agency (DPA) learned from departments…

Asharq Al Awsat (London)
Business New Virtual Currencies Hit Barriers in US, 2 Other Nations

New Virtual Currencies Hit Barriers in US, 2 Other Nations

Regulators in the United States, South Korea and Switzerland all took independent steps on Friday to crack down on so-called initial coin offerings, a hot but…

Nathaniel Popper (New York)
Business Life-Insurance Contract Exempted from VAT

Life-Insurance Contract Exempted from VAT

Value Added Tax (VAT) Implementing Regulations determined the method of implementing the tax on insurance sector, in which life-insurance contracts were…

Asharq Al Awsat (Riyadh)
Business Constructions Sector Booms in Egypt

Constructions Sector Booms in Egypt

Effects of monetary and financial reforms carried out by Egypt on real-estate and construction sector companies have varied. Constructions sector in Egypt grew…

Asharq Al Awsat (Cairo)
Business Venezuela's State-owned Oil Firm Makes Payments on $233 Million Debt

Venezuela's State-owned Oil Firm Makes Payments on $233 Million Debt

Venezuela's state-owned oil firm PDVSA said Friday it has started to repay $233 million in interest on two bonds nearing default, days before the end of the 30…

Asharq Al Awsat (Caracas)
Business Saudi

Saudi Arabia Eases Requirements for Foreign Institutional Investors in Stock Market

Saudi Arabia’s Capital Market Authority (CMA) has decided to ease requirements in an effort to draw more capital into the country's stock market. This is…

Shujaa al-Baqmi (Riyadh)
Business OCP

Morocco’s Fertilizer Industry Receives $3 bln Investment Boost

Amin Qaph, director of the Fertilizer Industrial Complex in Jorf Lasfar (south of Casablanca) announced on Friday of officially operating the fourth production…

Lahcen Mokena (Casablanca)
Business Turkey Lauds NEOM, Saudi Development Projects

Turkey Lauds NEOM, Saudi Development Projects

Turkey commended NEOM project, which was announced by Crown Prince Mohammed bin Salman in October, along with giant development and economic projects launched…

Saeed Abdulrazek (Ankara)
Business Arab Banking Conference Held in Beirut to Set Regional Reconstruction Strategy

Arab Banking Conference Held in Beirut to Set Regional Reconstruction Strategy

The annual Arab Banking Conference kicked off on Thursday in Beirut with the participation of senior Arab officials from the economic, financial and political…

Business Shareholder Firms Capital Jumps 49% in Saudi Arabia

Shareholder Firms Capital Jumps 49% in Saudi Arabia

The Saudi Ministry of Commerce and Investment announced on Thursday the growth of shareholder firms’ capital up to 49 percent in 1438 A.H., compared to last…

Shujaa al-Baqmi (Riyadh)
Business OECD Warns against a New Global Debt Crisis

OECD Warns against a New Global Debt Crisis

The Organization for Economic Cooperation and Development (OECD) warned against the rise of private debt loads in both advanced and developing economies, which…

Asharq Al Awsat (London)
Business Improved Oil Prices Boost Growth Prospects of Saudi Economy in 2018

Improved Oil Prices Boost Growth Prospects of Saudi Economy in 2018

Rising oil prices are expected to boost the levels of economic growth in Saudi Arabia during 2018 at a time when Brent crude began to hold above $62 per barrel…

Shujaa al-Baqmi (Riyadh)
Business Market Divided Over OPEC Deal, Saudi Pushes Toward 9-Month Extension

Market Divided Over OPEC Deal, Saudi Pushes Toward 9-Month Extension

The oil market seems to be convinced that OPEC and non-OPEC producing countries will renew the current oil cut deal after it concludes in March. However, the…

Wael Mahdi (Vienna)
Business Saudi Defense Ministry Announces Qualification of at Least 90 Factories in Field of Military Industries

Saudi Defense Ministry Announces Qualification of at Least 90 Factories in Field of Military Industries

The Saudi Ministry of Defense announced the qualification of more than 90 Saudi factories in the field of military industries by international companies that…

Abdulhadi Habtor (Riyadh)
Business Morocco's Annual Inflation Rises to 0.6% in October

Morocco's Annual Inflation Rises to 0.6% in October

Morocco's annual inflation rose to 0.6 percent in October from 0.4 percent in September, the High Planning Authority said on Wednesday. Annual food…

Asharq Al Awsat (Rabat)
Business Algeria

Algeria Cutting Imports to Confront Fall in Energy Revenue

Algeria is trying to cope with falling revenue from oil and gas by cutting imports, which deplete its shrinking supply of the hard currency needed to pay for…

Asharq Al Awsat (Algiers)
Business Lebanon's Dollar Bonds Gain As Hariri Suspends Resignation

Lebanon's Dollar Bonds Gain As Hariri Suspends Resignation

Lebanon dollar bonds gained across the curve while yield premia and credit default swaps fell on Wednesday after Saad al-Hariri suspended his decision to…

Asharq Al Awsat (Beirut)
Business A Smarter Minimum Wage

A Smarter Minimum Wage

EGGS over easy, home fries, bacon and toast. It’s $9.99 at Tops Diner in Newark but $5.79 at Pop’s Diner near Oklahoma City. If the same meal in two parts of…

JONATHAN COWAN (New York)
Business House Hunting in...Ottawa

House Hunting in...Ottawa

This 17th-floor unit is in a 20-story condominium built in 2015 in the Glebe neighborhood of Ottawa, the capital city of Canada. The 155-unit high-rise on Bank…

Lisa Prevost (Ottawa)
Business Bahrain: Oil Drives Economic Growth

Bahrain: Oil Drives Economic Growth

Non-oil sector in Bahrain expanded by an annual pace of 4.7% in the first half of the 2017, compared to 4.0 percent in 2016, according to the most recent…

Obeid Al-Suhaimi (Manama)