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The Latest Breaking News from Kingdom

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

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

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

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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

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

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

Saudi Arabia Evaluates 300 Projects for Potential Privatization

As South Korea recently announced its intention to encourage its companies to enter the Saudi market and seize the available opportunities, Saudi Minister of Finance Mohammed Al-Jadaan met on Wednesday in Seoul, with a consortium of South Korean companies, in the presence of Wong Hee-ryong, Korean Minister of Lands, Infrastructure…

Asharq Al-Awsat

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SDRPY Shares Sustainable Development Experience in Yemen at UN Conference in Qatar

Officials from the Saudi Development and Reconstruction Program for Yemen (SDRPY) are taking part in the 5th UN Conference on the Least Developed Countries being held in the Qatari capital, Doha. Besides sharing the organization’s development experience in Yemen, SDRPY officials affirmed that the program would continue supporting initiatives and…

Asharq Al-Awsat

Saudi Arabia to Allocate $800 Million of Loans for Least Developed Countries

Saudi Arabia will allocate $800 million through the Saudi Fund for Development (SFD) to finance development projects for Least Developed Countries (LDCs) in regions including Africa and Asia, Minister of Economy and Planning Faisal bin Fadhil Al Ibrahim announced during the Fifth United Nations Conference on the Least Developed Countries…

Asharq Al-Awsat

Saudi Arabia Condemns Israeli Forces’ Raid of Jenin Palestinian Refugee Camp

Saudi Arabia condemned on Wednesday an Israeli raid on the Palestinian refugee camp in Jenin. The Foreign Ministry underscored the Kingdom’s complete rejection of the dangerous violations committed by Israeli forces. It offered its condolences to the relatives of the victims and Palestinian government and people. The Israeli army raided…

Asharq Al-Awsat

Seoul Seeks Aramco’s Help to Win Contracts of Saudi Giga Projects

South Korea's government intends to make its firms enter the Saudi market and win contracts to construct $500 billion worth of projects to develop smart and eco-friendly cities in NEOM, in the northwest of the Kingdom. The Export-Import Bank of Korea has announced the signing of a $6 billion framework…

Asharq Al-Awsat

New Ministers Sworn in before Saudi King, Crown Prince

Two new Saudi ministers took the oath of office on Tuesday before Custodian of the Two Holy Mosque King Salman bin Abdulaziz and Prince Mohammed bin Salman, Crown Prince and Prime Minister. At a ceremony in Riyadh, Salman bin Yousef Al-Dossari was sworn in as Minister of Media and Eng.…

Asharq Al-Awsat

Saudi Crown Prince, Alimi Discuss Developments in Yemen

Prince Mohammed bin Salman, Crown Prince and Prime Minister, held talks with Chairman of the Yemeni Presidential Leadership Council Dr. Rashad al-Alimi in Riyadh on Tuesday, reported the Saudi Press Agency. The talks focused on the developments in Yemen, with Crown Prince Mohammed underscoring the Kingdom’s ongoing support to the…

Asharq Al-Awsat

Emir of Qatar Meets with Saudi Minister of Economy and Planning

Emir of Qatar Sheikh Tamim bin Hamad Al Thani received on Tuesday Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim on the sidelines of the Fifth United Nations Conference on the Least Developed Countries (LDC5), which is being held in Doha, reported the Saudi Press Agency. The minister…

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi FM Discusses in London Accomplishments of Vision 2030

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah presented in London on Tuesday the rapid developments the Kingdom is witnessing in light of its Vision 2030. He took part at a roundtable meeting organized by Chatham House – International Affairs Think Tank. The talks focused on the historic and…

Asharq Al-Awsat

International Brand Selected for Establishment of Saudi Arabia's First Wellness Resort

Saudi Arabia chose a signature international brand to implement the first wellness resort in the Triple Bay area, which is located within the Amaala project in the west of the Kingdom. Red Sea Global announced on Monday its partnership with Jayasom, saying that work was in full swing to receive…

Daily Mirror

Cristiano Ronaldo's Saudi Arabia life shows Lionel Messi what he can expect from transfer

Cristiano Ronaldo has been banging in the goals during his expensive stay in Riyadh with Al-Nassr, and enjoying the lap of luxury in the Four Seasons Hotel's Kingdom Suite

Asharq Al-Awsat

Saudi Arabia Seeks Developing Judicial Sector with AI

In a first, the Saudi government granted three foreign law firms licenses to operate in the Kingdom as it seeks developing the justice sector and anticipates the future of technologies and artificial intelligence in the courts. This followed Saudi Arabia bringing together several ministers, officials, experts, jurists, and international specialists…

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Asharq Al-Awsat

Saudi Arabia’s Non-oil Activity Rises to Highest Level in 8 Years

Non-oil private business activity in Saudi Arabia rose to an 8-year high in February, supported by a strong increase in demand and a positive economic outlook. The Kingdom’s Purchasing Managers Index hit 59.8, up from 58.2 in January, at the fastest rate of increase since March 2015. Sunday’s survey showed…

Asharq Al-Awsat

Salman Al-Dossary: From a Prestigious Career in Journalism to Saudi Media Minister

Salman bin Yousef Al-Dossary was named Saudi Media Minister in a Royal Order by Custodian of the Two Holy Mosques King Salman bin Abdulaziz on Sunday. Al-Dossary will be embarking on his new journey after have spent 12 years at Asharq Al-Awsat newspaper. He will now forge the Kingdom’s media…

Asharq Al-Awsat

3rd Saudi Relief Plane Arrives in Poland with 30 Tons of Aid for Ukraine

The 3rd Saudi relief plane, carrying 30 tons of assistance for the Ukrainian People, arrived at the Polish Rzeszow Airport near the Ukrainian border and will continue its route across the Polish border into Ukraine, the Saudi Press Agency reported Saturday. The cargo consists of shelter materials, electric generators, and…

Asharq Al-Awsat

Saudi Arabia Condemns Israeli Calls to ‘Erase’ West Bank Town of Huwara

Saudi Arabia on Friday strongly condemned radical statements in which an Israeli official called for erasing the occupied West Bank town of Huwara. “The Kingdom completely rejects these racist and irresponsible remarks that reflect the magnitude of violence and extremism practiced by the occupying Israeli entity toward the brotherly Palestinian…

Asharq Al-Awsat

Saudi Arabia to Support Sudan ‘Until It Overcomes Exceptional Circumstances’

Saudi Arabia reaffirmed its support for Sudan and pledged to continue its efforts to help the North African nation until it overcomes the “exceptional circumstances” it is going through. Speaking on the occasion of Saudi Arabia marking three centuries since its founding, Saudi Ambassador to Sudan Ali bin Hassan Jaafar…

Asharq Al-Awsat

Saudi-Japanese Feasibility Study for Producing Clean Hydrogen for Local, Int’l Markets

Japan’s Marubeni Corp. has agreed to study clean hydrogen production in Saudi Arabia together with the Kingdom’s sovereign Public Investment Fund (PIF). Saudi Arabia, a leading oil-producing nation and a key player in the Organization of the Petroleum Exporting Countries, is looking to add other types of energy sources, including…

Asharq Al-Awsat

Archbishop of Vienna Stresses Importance of Makkah Document in Confronting Hatred

Cardinal Christoph Schönborn, the Metropolitan Archbishop of Vienna, praised Saudi Arabia’s efforts to dissociate the Islamic religion from the phenomena of terrorism and isolation, stressing the importance of the Makkah Document in confronting hatred and extremist ideas and spreading tolerance and coexistence. During an interview with Asharq Al-Awsat in Riyadh,…

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