Business

Saudi Crown Prince’s Directives Cut Riyadh Property Prices by 3%

Business A general view of Riyadh, Saudi Arabia. (SPA)

Saudi Crown Prince’s Directives Cut Riyadh Property Prices by 3%

Real estate prices in Saudi Arabia’s capital fell 3% in the final quarter of last year, reversing a 1% rise in the previous quarter, in a shift that highlights…

Bandar al-Mosalam (Riyadh)
Business Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of high-level meetings with government officials and global business leaders at the World Economic Forum. (SPA)

Saudi Industry Minister Meets with Global Leaders at World Economic Forum to Advance Partnerships

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held on Tuesday a series of high-level meetings with government officials and global…

Business Chaired by the GAFT, the Saudi-US Trade and Investment Council aims to strengthen economic cooperation between the two countries by reviewing trade and investment policies, addressing barriers, and supporting technical dialogue among relevant entities. (SPA)

Saudi-US Trade and Investment Council Meetings Kick Off in Riyadh

Technical team meetings of the Saudi-US Trade and Investment Council (TIFA) kicked off in Riyadh on Tuesday. Held under the theme “A Platform for Dialogue,…

Business Oil flows through the Kirkuk-Ceyhan pipeline resumed in late September (Reuters)

Iraq to Export More Kirkuk Crude Oil Next Month

Iraq will export a ​total of 223,000 barrels per day (bpd) in February, up by 21% on the month, ‌loading programs show

Asharq Al Awsat
Business The logo of the World Economic Forum at the Davos Conference Center (AFP)

From Davos: The World Looks to Saudi Vision, from Reform to Delivery

At the 2026 World Economic Forum in Davos, Saudi Arabia offered a compelling account of how long-term ambition can be translated into measurable results. …

Asharq Al Awsat (Davos)

Business The Saudi Minister of Tourism, along with the President of Aramco, tours the King Abdulaziz Center for World Culture in the Eastern Province. Asharq Al-Awsat

Tourism Projects Worth $9 Billion Being Implemented in Saudi Arabia’s Eastern Province

The Eastern Province is expected to witness the implementation of more than 650 tourism projects valued at over SAR12.7 billion (approximately $3.39 billion). …

Asharq Al Awsat (Khobar)
Business Officials are seen during one of the visits to a Saudi company. (Saudi Exports Development Authority on X)

Saudi Exports Development Authority Organizes Trade Mission to Syria, Iraq 

The Saudi Exports Development Authority (SAUDI EXPORTS) organized a trade mission for Iraq and Syria in conjunction with the Made in Saudi Expo 2025 in Riyadh,…

Business Modi speaks at the India-Jordan Business Forum in Amman on Tuesday (X)

Modi Invites Jordanian Companies to Invest in India

Indian Prime Minister Narendra Modi on Tuesday invited Jordanian companies to invest in India, saying they can look forward to good returns on their…

Asharq Al Awsat (Amman)
Business Mawani Signs 3 MoUs with Global Shipping Lines to Support Saudi Exports

Mawani Signs 3 MoUs with Global Shipping Lines to Support Saudi Exports

The Saudi Ports Authority (Mawani) signed on Tuesday three memoranda of understanding (MoUs) with major international shipping lines: MSC, Maersk, and CMA CGM…

Business Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef during Tuesday's meeting. (SPA)

Saudi Arabia, Syria Discuss Industrial Investment Partnerships

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held talks in Riyadh on Tuesday with Syrian Minister of Economy and Industry Nedal Al-Shaar…

Business  People enjoy sitting outdoors as the summer heat eases in Riyadh (AFP). 

Saudi Inflation Slows to Nine-Month Low in November

Saudi Arabia’s annual inflation rate slowed to 1.9 percent in November 2025, its lowest level in nine months, down from 2.2 percent in October, driven by…

Asharq Al Awsat
Business Prince Faisal bin Khalid bin Sultan bin Abdulaziz during the inauguration of the Northern Borders Investment Forum, alongside the Minister of Investment (Asharq Al-Awsat). 

Northern Saudi Arabia Offers 240 Investment Opportunities Worth $10.6 Billion

The Northern Borders Investment Forum 2025 has unveiled more than 240 investment opportunities in northern Saudi Arabia, with a total value estimated at SAR 40…

Asharq Al Awsat (Arar)
Business Saudi Minister of Transport and Logistics Services Saleh Al-Jasser speaks at Monday's conference. (Asharq Al-Awsat)

Saudi Logistics and Supply Chain Investments Reach $74.6 Billion  

Investments in Saudi Arabia’s supply chain and logistics sector have reached approximately SAR 280 billion ($74.6 billion) since the launch of the National…

Bandar al-Mosalam (Riyadh)
Business The EU wants to boost construction to help tackle the bloc's growing housing crisis. PIERRE-PHILIPPE MARCOU / AFP

EU to Unveil Plan to Tackle Housing Crisis

The EU will on Tuesday present a first-ever plan to address the continent's deepening housing crisis, aiming to boost construction and regulate short-term…

Asharq Al Awsat
Business The launch of Saudi Crafts took place during the third annual Made in Saudi Expo held at the Riyadh. (SPA)

SAUDI EXPORTS, Heritage Commission Launch 'Saudi Crafts' Brand at Made in Saudi Expo 

The Saudi Export Development Authority (SAUDI EXPORTS), through its “Made in Saudi” program, announced on Monday the official launch of the “Saudi Crafts” sub…

Business The three-day conference brings together experts and specialists from 25 countries and features 28 panel discussions and technical sessions. (SPA)

13th Saudi Smart Grid Conference Opens in Riyadh

The 13th Saudi Smart Grid Conference (SASG 2025), and its accompanying exhibition, opened in Riyadh on Monday under the patronage of the Saudi Ministry of…

Business Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Syrian Minister of Economy and Industry Mohammad Nidal al-Shaar at the Ministry of Interior’s pavilion at the Made in Saudi Expo 2025 in Riyadh. (SPA)

Saudi Industry Minister, Syrian Counterpart Visit Made in Saudi Expo 

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Syrian Minister of Economy and Industry Mohammad Nidal al-Shaar visited the Ministry of…

Business Containers are seen at Abu Dhabi's Khalifa Port, UAE, December 11, 2019. REUTERS/Satish Kumar

Abu Dhabi Ports Signs MoU to Develop, Operate Shuaiba Container Terminal in Kuwait

Kuwait Ports Authority (KPA) said on Monday it had signed a memorandum of understanding with Abu Dhabi Ports Group to develop and operate the container…

Asharq Al Awsat
Business An Iranian trader counts money in Tehran's Grand Bazaar. (Reuters)

Iran’s Rial Currency Plummets to New Low, Sparking Fears of Higher Food Prices

Iran’s rial slid further Monday to a new record low of more than 1.3 million to the US dollar, deepening the currency’s collapse less than two weeks after it…

Asharq Al Awsat
Business Industry Minister Inaugurates Made in Saudi Expo 2025

Industry Minister Inaugurates Made in Saudi Expo 2025

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef inaugurated the third Made in Saudi Expo 2025 at the Riyadh International Convention and…

Asharq Al Awsat
Business UK gold bars and gold Sovereign coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola

Gold Gains 1% on Safe-haven Demand, Softer Dollar ahead of US Jobs Data

Gold climbed 1% on Monday to hover near a seven-week high, supported by a weaker dollar. Expectations of interest rate cuts and safe-haven buying due to…

Asharq Al Awsat
Business Energy ministers of the OAPEC member states during their meeting in Kuwait. (Egyptian Ministry of Petroleum)

Egypt Proposes Five Initiatives to Boost Arab Energy Security

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi unveiled on Sunday five Egyptian initiatives aimed at strengthening Arab energy security…

Asharq Al Awsat (Kuwait)
Business The view of the Saudi capital, Riyadh. (Asharq Al-Awsat)

Saudi Tourism Development Fund Partnerships Exceed $1.1 Billion  

The Saudi Tourism Development Fund (TDF) has signed new partnerships with government and private entities with a financial impact exceeding SAR 4 billion ($1.1…

Abir Hamdi (Riyadh)
Business The consulting market in the Gulf is undergoing rapid transformation, driven by rising expectations, intensifying competition, and the pursuit of long-term value (Asharq Al-Awsat). 

Gulf Development Boom Redefines the Consulting Industry

The rapid acceleration of development programs across the Gulf, powered by national visions and landmark mega-projects, is transforming not only the region’s…

Asharq Al Awsat (Dubai )
Business The new center, inaugurated in Riyadh, will carry out high-level research into electric vehicle technology (Asharq Al-Awsat) 

Innovation Center for Electric Vehicles Inaugurated in Saudi Arabia

King Abdulaziz City for Science and Technology (KACST) and Lucid Group, the manufacturer of some of the world’s most advanced electric vehicles, announced on…

Asharq Al Awsat (Riyadh)
Business The 50 millionth passenger was a French national arriving from Paris on a Saudia flight to participate in a sports tournament in Jeddah. (SPA)

Saudi Arabia’s King Abdulaziz International Airport Hits Record 50 Million Passengers in 2025 

King Abdulaziz International Airport recorded a new historic milestone, reaching 50 million passengers in 2025, marking the highest number ever recorded by a…

Business A worker fills an Airbus jet with aviation fuel at Fuhlsbuettel airport in Hamburg, March 14, 2012. REUTERS/Fabian Bimmer/File Photo

Egypt, Qatar's Al Mana Holding Sign $200 Million Sustainable Aviation Fuel Deal

Egypt signed a contract with Qatar's Al Mana Holding for a first-phase investment of $200 million to produce sustainable aviation fuel from used cooking oil in…

Business Riyadh, Saudi Arabia (Reuters)

Saudi Arabia Prepares to Allow Foreign Property Ownership in January

Saudi Arabia is preparing to enter a new phase of economic openness in the real estate sector, with the updated law regulating property ownership by non-Saudis…

Mohammed al-Mutairi (Riyadh)
Business People walk past a second hand market for luxury cars in Beijing, Tuesday, Nov. 25, 2025. (AP Photo/Andy Wong)

China Urges Stronger Coordination Between Business, Finance Systems to Spur Consumption

China's commerce ministry and financial regulators have urged local authorities to promote stronger coordination between business and financial systems to…

Asharq Al Awsat