The Latest Breaking News from Asharq AlAwsat

Less than two months before the constitutional date that allows for the election of a new president for Lebanon, the severe economic and financial crisis that the country has been witnessing since the fall of 2019 continues to worsen. The devaluation of the Lebanese currency, which has lost more than…

Saudi Arabia developed seven steps and solutions to promote small and medium enterprises (SMEs) in the culture, entertainment, and sports sectors, after reviewing local strategies with benchmarking comparisons and consulting experts and the private sector. In its recent report, the Small and Medium Enterprises Authority (Monshaat) expected the short and…

Iraqi Prime Minister Mustafa al-Kadhimi will resume his mediation between Saudi Arabia and Iran before the Gulf-Arab-American summit in Jeddah later this month, revealed an informed Iraqi source on Sunday. The declaration of the restoration of relations between Saudi Arabia and Iran is expected to be announced in Baghdad, it…

Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef said that the Kingdom has identified 50 sites that are believed to contain minerals in commercial quantities.

The Saudi Cabinet approved a new Companies Law in line with international best practices to promote the commercial system in the Kingdom. Experts told Asharq Al-Awsat that amending regulations and legislation, including the current project, will attract more businesses to the country. It improves establishment governance, facilitates the regulatory procedures,…

EU High Representative Josep Borrell visited Iran as part of the ongoing efforts to bring the Joint Comprehensive Plan of Action (JCPOA) back to full implementation. Borrell arrived in Tehran Friday, accompanied by his deputy Enrique Mora, where he will meet Iranian Foreign Minister Hossein Amir-Abdollahian and other officials. Senior…

Advocating the temporary truce between the Yemeni government and Houthi insurgents, UN Special Envoy for Yemen Hans Grundberg said both sides of the agreement understand that committing to the armistice ultimately benefits the people of Yemen. In addition to the fact that the armistice is temporary, it is directed at…

Less than a week before the binding parliamentary consultations to nominate a prime minister, caretaker Premier Najib Mikati remains the most favorable candidate, while the opposition parliamentary blocs are trying to agree on another figure. President Michel Aoun has announced that the consultations would be held on Thursday at the…

Vortex Energy, a global renewable energy platform managed by the private equity arm of EFG Hermes, announced on Tuesday that it invested to-date in Spain’s Ignis 222 million euros ($237 million) of equity capital, consequently fulfilling its terms of its partnership with Ignis that it initiated last year.

Ten alliances are interested in mining the seas to extract sodium fluoride, minerals, and salts of the reverse water, announced the Governor of the Saline Water Conversion Corporation (SWCC), Abdullah al-Abdul-Karim. Speaking to Asharq Al-Awsat on the sidelines of the Innovation Driven Desalination conference in Jeddah, al-Abdul-Karim said that the…

Information has started to emerge in Lebanon that a new presidential decree was being prepared to naturalize hundreds of people, namely wealthy Iraqis and Syrians. The naturalization of non-Lebanese has become a common move taken by presidents as their term nears its end.