The College of Business and Economics was established in 1978, and is the second largest faculty within the university. The college continued to improve until it became "Faculty of Business and Economics" in 2012/2013. The faculty strives towards the continuous development of its academic programs and the offering of new specializations to better meet the economic, community, and market needs and to bridge the gab between the higher education and the industry. 

The faculty adopt interactive learning methods that encourage the students and staffs' creative and innovative skills, both in BA and MA degrees.

The faculty also strives te society through the exchange of ideas and practices, also through providing professional external and internal services to the local community. 

The Faculty of Business and Economics offers its programs through six programs, namely Business Administration, Marketing, Economics, Business Economics, Finance and Accounting, in addition to the MBA and MA in Economics.