The Latest Breaking News from Kingdom

Saudi Finance Minister: Opportunities Available for Saudi Arabia, Iran if Agreement Is Respected

Saudi Minister of Finance Mohammed Al-Jadaan stressed on Wednesday that the Kingdom is committeed to the agreement it reached with Iran to restore diplomatic relations. “There are a lot of opportunities for Saudi investments in Iran and they could happen very quickly following the agreement,” he told the second edition…

Asharq Al-Awsat · Mar 15, 2023

Saudi PIF to Inject $266 Bn into New Projects

The Saudi Public Investment Fund invested nearly $1.3 billion in four national companies in the contracting sector during the last period, announced Governor Yasser al-Rumayyan. Rumayyan announced the establishment of a general department for national development to determine the strategic directions in economic development and measuring impact. The group launched…

Asharq Al-Awsat · Mar 15, 2023

Saudi Arabia Says Will Not Sell Oil to Any Country That Imposes Price Cap on Its Supply

Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that the Kingdom will not sell oil to any country that attempts to impose a price cap on its supplies, stressing that the Kingdom has embarked on expanding its capacity to 13.3 million b/d by 2027.

Asharq Al-Awsat · Mar 15, 2023

Saudi Arabia's golf case threatens to spill kingdom secrets

Saudi officials who oversee the kingdom’s U.S. investments haven’t been shy about flaunting their ties with top American business and political figures

The Independent UK · Mar 12, 2023

SME Bank Allocates 10.5 Billion Riyals to SME Funding Solutions

The Small and Medium Enterprises Bank (SME Bank), a development bank under the National Development Fund, announced allocating an amount of 10.5 billion riyals to support the small and medium enterprises sector, through existing and new financing programs offered by the Bank, including direct and indirect lending programs, financing guarantee,…

Asharq Al-Awsat · Mar 12, 2023

Iraq Welcomes Saudi-Iran Agreement, Pro-Tehran Factions Silent

The Iraqi government expressed its satisfaction with the signing of the Chinese-sponsored agreement to restore relations between Saudi Arabia and Iran. Iraqi Prime Minister Mohammed Shia al-Sudani received a telephone call from Ali Shamkhani, the secretary of Iran’s Supreme National Security Council, to voice Tehran’s gratitude to Baghdad that had…

Asharq Al-Awsat · Mar 11, 2023

Intensive Meetings to Assess Riyadh’s Readiness to Host Expo 2030

The mission of the International Bureau of Exhibitions (BIE), the authority concerned with evaluating the ability of the candidate cities to host Expo 2030, has intensified its ministerial-level meetings, to assess the infrastructure of the Saudi capital, which is seeking to host the major global event. Crown Prince Mohammed bin…

Asharq Al-Awsat · Mar 11, 2023

Saudi Arabia: Deep Discussions Were Crowned by Agreement with Iran

Saudi Minister of State, Member of the Council of Ministers, and National Security Advisor, Musaad bin Mohammed Al-Aiban stressed on Friday that the agreement reached between Saudi Arabia and Iran on restoring diplomatic ties capped deep discussions that tackled the reasons of the differences and ways to address them. He…

Asharq Al-Awsat · Mar 10, 2023

UAE’s DAMAC Boosts Investment in Saudi Data Centers

Hussain Sajwani, Chairman of the Board of Directors of DAMAC, said that the group’s investment in data centers in Saudi Arabia came after an extensive study of the Saudi market, which offered many promising investment opportunities within the framework of Vision 2030. In an interview with Asharq Al-Awsat, Sajwani pointed…

Asharq Al-Awsat · Mar 10, 2023

Saudi Arabia Allocates $2.9 Billion for SMEs

Saudi financing agencies announced the allocation of 11 billion riyals ($2.9 billion) for entrepreneurship projects and SMEs in the Kingdom. This came during the launching of Biban 2023 - Saudi Arabia’s largest start-up, SME, and entrepreneurship conference – which kicked off on Thursday at the Riyadh Front Exhibition and Conference…

Asharq Al-Awsat · Mar 10, 2023