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 Flydubai Seals Landmark Agreement to Purchase 225 Airplanes from Boeing

Flydubai Seals Landmark Agreement to Purchase 225 Airplanes from Boeing

Boeing and flydubai signed on Wednesday a record-breaking agreement for 225 737 MAX airplanes with a list price value of $27 billion. The agreement includes a…

Asharq Al Awsat (Dubai)
Business Petra

Jordan's Tourism Revenues Rise by 12.7% End of October

The Central Bank of Jordan reported that tourism revenues rose by 12.7 per cent during the first ten months of this year to around $3.9 billion, up from $2.4…

Asharq Al Awsat (Amman)
Business Pouyanne

‘Total’ Reviews Iranian Deal in Case US Reimposes Sanctions

French oil and gas major Total would have to review its Iran gas project if the United States decided to impose unilateral sanctions on Tehran, given its…

Asharq Al Awsat (Paris)
Business house

Population Growth Leads to Surge in Melbourne Home Prices

This two-story Victorian house in Melbourne, Australia, with a facade of cream-colored gingerbread trim, was renovated in the past year to add modern features…

Alison Gregor (Melbourne)
Business Boeing: Middle East to Require 3,350 New Airplanes Over 20 Years

Boeing: Middle East to Require 3,350 New Airplanes Over 20 Years

In a report published on Monday, Boeing said the Middle East is going to need 3,350 new airplanes during the upcoming 20 years worth USD730 billion. Major…

Mosaed al-Zayani (Dubai)
Business Transport Minister: Saudi Arabia Seeks Becoming Global Center for Logistic Services

Transport Minister: Saudi Arabia Seeks Becoming Global Center for Logistic Services

Saudi Transport Minister Dr. Nabeel al-Amudi has asserted that Saudi Arabia seeks to become a global center for logistic services, revealing a soon launching…

Fatehelrahman Yousif (Riyadh)
Business CITC

$8 Billion in Saudi E-commerce Market

Saudi Arabia's Communications and Information Technology Commission (CITC) estimated the volume of e-commerce transactions between consumers and companies at…

Shujaa al-Baqmi (Riyadh)
Business OPEC: Venezuela Crude Production Hits 28-Year Low

OPEC: Venezuela Crude Production Hits 28-Year Low

Oil-dependent Venezuela’s crude output dipped last month below 2 million barrels per day, its lowest level in nearly three decades, global producer group OPEC…

Asharq Al Awsat (Houston)
Business Argaam Launches Argaam Insight Service

Argaam Launches Argaam Insight Service

Argaam Investment Company launched Sunday its flexible pay-per-report service, Argaam Insight, which will enable its readers to unlock exclusive market reports…

Asharq Al Awsat (Riyadh)
Business 112,000 Saudi Establishments Participate in Program to Support Job Nationalization

112,000 Saudi Establishments Participate in Program to Support Job Nationalization

Saudi Ministry of Labor and Social Development announced on Sunday that 112,000 establishments participated in the program to support nationalization in…

Shujaa al-Baqmi (Riyadh)
Business UAE Launches Fourth Industrial Revolution Protocol

UAE Launches Fourth Industrial Revolution Protocol

In partnership with the World Economic Forum (WEF), the Emirate government launched Sunday the Fourth Industrial Revolution (4IR) Protocol. During the…

Asharq Al Awsat (Dubai)
Business Bapco

Bahrain Tightens Control on Oil Facilities Following Attack

Bahrain’s Crown Prince Salman bin Hamad Al Khalifa, Deputy Supreme Commander and First Deputy Prime Minister instructed the Ministry of Interior, Ministry of…

Obeid Al-Suhaimi (Manama)
Business IMF

Global Public Debt Reaches $135 Trillion

A number of credit rating agencies came to the conclusion that world public debt will stabilize in 2018 at about the same figures as 2017, but Moody's compared…

Motleq Mounir (London)
Business Yemeni President Forms Coordination Committee to Implement Three Economic Plans

Yemeni President Forms Coordination Committee to Implement Three Economic Plans

Yemeni President Abd Rabbu Mansour Hadi issued a decree to form a committee to coordinate the implementation of the results of his meeting with Saudi Crown…

Asharq Al Awsat (Riyadh)
Business UAE Announces $16.7 Billion Deals with Opening of Dubai Air Show

UAE Announces $16.7 Billion Deals with Opening of Dubai Air Show

Emirates Airlines unveiled a preliminary order worth $15 billion for 40 Boeing (BA.N) jets on Sunday, with the opening of the Dubai Air Show. A spokesman…

Mosaed al-Zayani (Dubai)
Business Algeria

Algeria Expects Foreign Reserves to Decrease to $76bn in 2020

Algerian Finance Minister Abderrahmane Raouia expected foreign reserves in his country to decrease to $76.2 billion by the end of 2020. Over the past few…

Asharq Al Awsat (London)
Business Saudi Arabia: VAT Exempts Current Account, Credit Cards

Saudi Arabia: VAT Exempts Current Account, Credit Cards

In a step that supports and pushes the financial and banking sectors in Saudi Arabia, the implementing regulations of the Value Added Tax (VAT) system has…

Shujaa al-Baqmi (Riyadh)
Business CMA

Sales of Saudi Cement Companies Fall 7% in October

Sales of Saudi cement companies are expected to rise after witnessing significant decline in recent months, which contributed to the low profitability of firms…

Shujaa al-Baqmi (Riyadh)
Business gas

Saudi Arabia Continues Efforts to Stabilize Market, Reduces December Oil Exports

Saudi Arabia continues its efforts to stabilize market balance as rapidly as possible, through supporting the current production-cut agreement between the…

Wael Mahdi (Kuwait)
Business Trump

Trump’s Tax Plan Benefits the Rich

With their new bill that would slash taxes on the wealthy and blow up the federal budget deficit, House Republicans and President Trump are making it…

Business IMF

IMF: Egypt's Inflation Rate to Drop 13% by End of 2017

The International Monetary Fund (IMF) expected that inflation levels will fall sharply in Egypt by the end of this year, having risen at an accelerated pace…

Asharq Al Awsat (Cairo)
Business NEOM

Sisi Says Egypt Is Keen on Integration with Saudi Arabia in ‘Neom’

Egyptian President Abdel Fattah el-Sisi made the first high-level remark affirming Cairo’s full support for integration with Saudi Arabia in “Neom”. Neom is…

Mohammed Nabil Helmi (Sharm al-Sheikh )
Business Saudi Aramco Signs 8 Agreements worth $4.5 Billion with International Companies

Saudi Aramco Signs 8 Agreements worth $4.5 Billion with International Companies

Saudi Aramco has signed eight agreements with several companies worth $4.5 billion to develop oil and gas production facilities as part of a program to boost…

Obeid al-Suhaymi (Dammam)
Business containers

14% Rise in Trade between Turkey, Iran

The volume of trade between Turkey and Iran rose 14 percent in the first nine months of this year, the Turkish Statistical Institute has said. Trade stood…

Saeed Abdulrazek (Ankara)