Business

Oil Falls as Trump Downplays Prospect of Escalation with Iran

Business Oil prices are set for a sharp weekly decline amid expectations of a de-escalation in the Iran war following election losses suffered by Trump's party (Reuters).

Oil Falls as Trump Downplays Prospect of Escalation with Iran

Oil prices fell on Tuesday, adding to the previous day's losses after US President Donald Trump downplayed the need for military action against Iran "at this…

Asharq Al Awsat
Business A photo taken during the signing ceremony of the two agreements in Riyadh (SPA) 

HUMAIN Secures $667 Million Infra Financing to Advance Saudi Arabia’s AI Infrastructure

The National Infrastructure Fund (Infra) and HUMAIN, a PIF company delivering full-stack artificial intelligence capabilities globally, signed on Monday two…

Asharq Al Awsat (Riyadh)
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 moody's

Moody’s: Reduced Saudi Budget Deficit Credit Positive to Sovereign

Moody’s has affirmed that the drop in the Saudi budget deficit in the first six months of 2017 to less than the half compared to the same period in 2016 is a…

Business apple

European-Chinese Fears Rise over Cyber Sovereignty Challenges

A US approach excluding non-Americans from legal protection of digital information stored on US soil in large data centers built by multinational technology…

Business flag

Saudi Budget Deficit more Than Halved in 2017

Saudi Arabia’s finance ministry revealed on Sunday the second quarter report of the state budget showing great progress in terms of managing the deficit. …

Shujaa al-Baqmi (Riyadh) Asharq Al Awsat (Riyadh)
Business quinoa

Peru Overtakes Bolivia in Quinoa Production

Quinoa was discovered more than 3,000 years ago in the Andean Mountains in the South American continent. Bolivia, Ecuador and Peru are among the biggest…

Asharq Al Awsat (Bolivia)
Business Prince Mohammed bin Salman

Saudi Arabia, Iraq Stress Commitment to Cut Oil Production

Saudi Arabia and Iraq on Thursday reaffirmed their commitment to reduce their oil production under OPEC’s agreement to curb the global supply gap. Iraq has…

Asharq Al Awsat (Jeddah)
Business Aramco

Aramco Signs First Contract for King Salman Int’l Complex for Maritime Industries and Services

Saudi Aramco signed a contract with a consortium including Saudi Archirodon Company Ltd and Huta Hegerfeld AG Saudia Company for dredging, reclamation and…

Asharq Al Awsat (Dammam)
Business Trump

Jobs, Factories and Stocks Provide Economic Lift for Trump

A stock market hitting record highs. Foreign corporations announcing big new plants in the United States. And robust hiring that has brought the unemployment…

Business Qatar

Moody's: Qatar Govt. Capacity to Support Banks is Weak

Moody's Investors Service has changed on Tuesday the outlook on Qatar's banking system from stable to negative due to weak operating conditions and continued…

Asharq Al Awsat (London)
Business ACWA

Saudi ACWA Power Signs $190 Mln Worth Solar Projects in Egypt

Saudi ACWA Power inked on Tuesday contracts worth 190 million dollars to generate solar power in Egypt, announced the company. ACWA Power has secured three…

Asharq Al Awsat (Cairo)
Business ADNOC

ADNOC Begins Partnership Talks for Offshore Oil Concession

Abu Dhabi – State-owned Abu Dhabi National Oil Company (ADNOC) announced on Monday it is in advanced discussions with more than a dozen potential partners who…

Asharq Al Awsat (Abu Dhabi)
Business Ministry of Commerce

Saudi MOCI Seizes more than 76,500 Thermal Insulation Products

Riyadh- The control teams at the Ministry of Commerce and Investment (MOCI) conducted inspection tours in cooperation with the Ministry of Energy, Industry and…

Asharq Al Awsat (Riyadh)
Business Careem

China’s DiDi Invests in Middle East Ride-Hailing Service Careem

China's largest ride-hailing firm DiDi Chuxing has invested in Careem, the Dubai-based Middle East online taxi service. This new partnership deal marks Didi…

Asharq Al Awsat
Business  ADNOC

ADNOC to Arrange USD5 Billion Loan

Abu Dhabi- The Abu Dhabi National Oil Company (ADNOC) has announced that it is currently considering a range of financing options, including bank loans, to…

Asharq Al Awsat (Abu Dhabi)
Business Saudi Arabia

World Bank: Reforms Bolster Trust in Saudi Economy

The World Bank said that Saudi reforms, which fall under the framework of Vision 2030, have increased the level of trust in the Kingdom’s economy, noting…

Fatehelrahman Yousif (Riyadh)
Business Aston Martin

British Car Firms Fear Brexit, Aston Martin Warns British Government

Car firms working in the UK have felt increasing pressures and forecasts say vehicle production will drop this year compared to the last year, driven by the…

Asharq Al Awsat (London)
Business Red Sea

Red Sea Project: New Income Sources for Saudi Arabia

Observers have affirmed that the Red Sea Project that was launched on Monday by Vice Custodian of the Two Holy Mosques Prince Mohammed bin Salman will…

Fatehelrahman Yousif (Riyadh)
Business Red Sea

Saudi Arabia Expects to Gain $4 Billion Annually with Red Sea Tourism Project

Saudi Arabia has boosted its tourist status by launching a major project entitled, the Red Sea project, a few days after it announced the revival of the…

Asma al Ghabri (Jeddah)
Business Twitter Shares Plunge

Twitter Shares Plunge

The shares of Twitter, which has been struggling to keep pace in the fast-moving world of social media, were hammered Thursday after the company reported no…

Asharq Al Awsat
Business Google Combats ISIS through Limiting Related Search Results

Google Combats ISIS through Limiting Related Search Results

The spokesman for the global coalition to defeat ISIS announced that May witnessed a drop of 92 percent in Twitter links that take users to pro-ISIS websites. …

Business Tesla Begins to Deliver Model 3 to Early Buyers

Tesla Begins to Deliver Model 3 to Early Buyers

Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 cars had over half a million advance reservations as he handed over the first 30 to employee…

Asharq Al Awsat
Business Qatar Central Bank Reserves Drop by $10.4 bln in June

Qatar Central Bank Reserves Drop by $10.4 bln in June

The Qatar central bank’s net international reserves plunged by $10.4 billion in June to $24.4 billion because of economic sanctions imposed by other Arab…

Asharq Al Awsat
Business Economic Gathering in Dubai Tackles Future of Investments

Economic Gathering in Dubai Tackles Future of Investments

Dubai is set to showcase opportunities for growth, innovation and future investments in its key sectors, supporting the UAE’s 2021 National Plan, through a…

Asharq Al Awsat (Dubai)