Business

Lucid Gets Crucial $1.75 Billion Liquidity Boost From PIF

Business A Lucid Air Grand Touring electric car is displayed during the New York International Auto Show in New York City, US, April 1, 2026. REUTERS/Jeenah Moon/File Photo 

Lucid Gets Crucial $1.75 Billion Liquidity Boost From PIF

Lucid Group, an American electric vehicle (EV) manufacturer, said on Monday a $1.75 billion increase in a loan facility from Saudi Arabia's Public Investment…

Asharq Al Awsat (New York)
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 Qiddiya city

PIF Unveils Innovative Qiddiya Project Logo

The Saudi Public Investment Fund revealed the logo of the Qiddiya Project that plans to build the largest cultural, recreational and sports city in the Kingdom…

Asharq Al Awsat
Business Riyadh

Riyadh Hosts Future Investment Initiative

Crown Prince Mohammed bin Salman, Deputy Premier and Minister of Defense, will inaugurate the Future Investment Initiative in Riyadh on Tuesday. With the…

Shujaa al-Baqmi (Riyadh)
Business Saudi Arabia: Leap in Granting Investment Projects Licenses

Saudi Arabia: Leap in Granting Investment Projects Licenses

Saudi Arabian General Investment Authority (SAGIA) has revealed in a report an increase in the issuance of licenses for investment projects during the third…

Shujaa al-Baqmi (Riyadh)
Business Bahrain Unveils Projects to Attract Investment

Bahrain Unveils Projects to Attract Investment

The Bahraini government announced on Sunday during the Bahrain Government Forum 2017 a package of projects to be implemented next year. Among these projects…

Obeid Al-Suhaimi (Manama)
Business Saudi, Iraq

Saudi Arabia, Iraq Agree on Importance of Commitment to Oil Production Cut

OPEC announced commitment to the oil-cut agreement reached a historic level last month, as Saudi Arabia and Iraq stressed the importance of full compliance…

Wael Mahdi (Kuwait)
Business Saudi Arabia Demonstrates Leadership in Maritime Transport Industry

Saudi Arabia Demonstrates Leadership in Maritime Transport Industry

Ambassador of Custodian of the Two Holy Mosques to the United Kingdom Prince Mohammed bin Nawaf bin Abdulaziz stressed his country’s keenness to create a good…

Asharq Al Awsat (Riyadh)
Business Saudi Firms Reveal Third Quarter Fiscal Results

Saudi Firms Reveal Third Quarter Fiscal Results

Saudi firms started announcing fiscal results of third quarter of the current year, amid positive indicators that affirm enhancement of listed companies'…

Shujaa al-Baqmi (Riyadh)
Business Public Investment Fund Launches the 'Saudi Real Estate Refinance Company'

Public Investment Fund Launches the 'Saudi Real Estate Refinance Company'

The Public Investment Fund (PIF) has announced the establishment of the Saudi Real Estate Refinance Company (SRC), in line with Saudi Vision 2030 objectives to…

Shujaa al-Baqmi (Riyadh)
Business CMA Approves Updated Version of Merger and Acquisition Regulations

CMA Approves Updated Version of Merger and Acquisition Regulations

Saudi Capital Market Authority board issued its resolution to approve the updated "Merger and Acquisition Regulations" which will be effective and in full…

Asharq Al Awsat (Riyadh)
Business Gulf Warns EU: Our Foreign Trade is Shifting to Asia

Gulf Warns EU: Our Foreign Trade is Shifting to Asia

A prominent Gulf official warned the European Union (EU) that Europe’s share of Gulf continues’ foreign trade is declining, decreasing from 24 percent in 1992…

Abdulhadi Habtor (Riyadh)
Business Qatar Brings $20 Billion Back Home to Face Boycott Burdens

Qatar Brings $20 Billion Back Home to Face Boycott Burdens

Qatar has brought back more than $20 billion to cope with the boycott imposed by the Anti-Terrorism Quartet, which is formed by Saudi Arabia, Egypt, the United…

Asharq Al Awsat (London)
Business OPEC

King Salman Sends Message to Bouteflika

Prime Minister of the Republic of Algeria Ahmed Ouyahia received a message sent by Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud to…

Wael Mahdi (Kuwait)
Business Egypt Inaugurates Mediterranean Union Investment Forum of Renewable Energy

Egypt Inaugurates Mediterranean Union Investment Forum of Renewable Energy

Mediterranean union investment forum of renewable energy began in Egypt on Wednesday aiming to launch several opportunities in the field of renewable energy in…

Asharq Al Awsat (Cairo)
Business Baghdad International Fair

60 Saudi Firms Seek Investment Opportunities in Baghdad International Fair

Saudi Export Development Authority is part of the Saudi pavilion at the Baghdad International Fair in its 44th session, from October 21 to 30, with 60…

Asharq Al Awsat (Riyadh)
Business Saudi Research and Marketing Group Acquires Controlling Stake in 'Argaam'

Saudi Research and Marketing Group Acquires Controlling Stake in 'Argaam'

As part of its plan to expand its range of specialized content and develop digital publishing initiatives, Saudi Research and Marketing Group (SRMG) acquired a…

Asharq Al Awsat (Riyadh)
Business Goldman Sachs

Oil Edges Higher on Gains as Geopolitical Threats Intensify in Kirkuk, Iran

As a number of geopolitical problems unfold, oil prices maintained gains on Tuesday, while Goldman Sachs said oil production from Iraq's Kurdistan region was…

Asharq Al Awsat (London)
Business Future Investment Initiative

Speakers Controlling $22 Trillion in Asset Value Expected at Saudi Future Investment Initiative

Saudi Arabia’s Public Investment Fund (PIF), one of the world’s most important sovereign wealth funds, said that prominent speakers from the investment sector…

Shujaa al-Baqmi (Riyadh)
Business Jordan

Money and Investment Conference in Jordan Discusses Status of Digital Currencies

The 12th Money and Investment Conference got underway on Tuesday in Amman with the participation of Arab and foreign experts and international companies. …

Mohamed Al-Daameh (Amman)
Business GCC

Issuances of GCC Public Debt Total 415 Bn Dollars

A report issued by the National Bank of Kuwait's Studies and Research Unit confirmed a decline in yields on Gulf sovereign bonds in parallel with a decline in…

Motleq Mounir (London)
Business Jadaan

Saudi Finance Minister: 'Citizen’s Account' Helps Face Gradual Rise of Energy Prices

Saudi Arabia adopted on Monday the “Citizen’s Account” to assist people of middle and low income in enduring the additional costs resulting from the gradual…

Shujaa al-Baqmi (Riyadh)
Business Saudi Airlines Welcomes 'Saudization' of Women Jobs

Saudi Airlines Welcomes 'Saudization' of Women Jobs

Saudization of women jobs is welcomed, affirmed the Saudi Arabian Airlines, as there is no problem in benefiting from females in its various facilities on land…

Asma al Ghabri (Jeddah)
Business Euro Zone Trade Surplus Shrank in August

Euro Zone Trade Surplus Shrank in August

Euro zone’s trade surplus shrank in August as the stronger euro fueled an import boom that was only partly offset by a rise in exports, official estimates…

Asharq Al Awsat (London)
Business Egypt

Head of Egypt Stock Exchange Expects to Attract New Investors in Coming Period

Head of the Egyptian Stock Exchange Mohammed Farid said that preliminary measures have already been taken to establish a futures contracts market in the…

Heba El Koudsy (Washington)
Business CMA

Saudi Capital Market Authority Sets up Committee to Supervise Listed Companies Audits

In line with the announced national capital market authority strategy, the affiliated Saudi body established on Sunday the Listed Companies and Capital Market…

Shujaa al-Baqmi (Riyadh)