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The Latest Breaking News from Kingdom

Moody’s Upgrades Saudi Economy Growth Forecast

Global credit rating agency Moody’s has raised the Kingdom’s growth forecast to 2.5 percent for the current year from its last estimation of 1.7 percent, backed by moderate levels of debt and large financial reserves, in addition to its huge oil reserves. For next year, it has elevated the expansion…

Asharq Al-Awsat

Saudi Strategic Partnership Seeks to Promote Investment in Culture

The Saudi ministries of culture and investment concluded a memorandum of strategic partnership to develop cultural investment in the Kingdom and attract local and foreign investors to the sector. In a ceremony on Wednesday, Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan and Eng.

Asharq Al-Awsat

Saudi Green Flag...A Symbol of Unity, Sovereignty

Saudi Arabia’s King Salman has ordered that March 11 of every year to be celebrated as National Flag Day to honor the Kingdom’s national banner and its great role in the identity and symbolism of the state. King Abdulaziz had approved the flag’s design on March 11, 1937. Flags usually…

Asharq Al-Awsat

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Saudi Arabia Announces First Bundle of Projects by 'Shareek' Program Worth $51 Billion

In the presence of Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister, and Chairman of the Large Companies Investment Committee, a ceremony was held on Wednesday to announce the first bundle of projects supported by the Shareek program, which is dedicated for large companies to help unlock the…

Asharq Al-Awsat

Ready to rock again

Six years since their last concert in the Kingdom, world-renowned American pop group OneRepublic are set to perform live in Bangkok again tomorrow at IMPACT Arena Muang Thong Thani. Tickets are still available for 1,500 to 5,000 baht.

Bangkok Post

Saudi Arabia Signs Agreement to Develop Aviation-Grade Titanium Alloy Value Chains

The Saudi Ministry of Investment signed on Monday an investment cooperation agreement with Saudi Arabia’s Tasnee and Boeing to explore the potential investment and development collaboration opportunities to advance the aviation-grade titanium alloy value chain in the Kingdom for mid and downstream applications. Tasnee CEO and board member Mutlaq al-Morished…

Asharq Al-Awsat

Saudi Arabia Mobilizes Local, Int'l Investors to Convert Waste into Economic Value

Saudi Arabia hosted an “Investment Forum in the Waste Management Sector” with the participation of over 300 local international investors from 25 countries aiming to transform waste from an environmental burden into an economic value. Minister of Environment, Water, and Agriculture, and Chairman of the Board of Directors of the…

Asharq Al-Awsat

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New York Looks Forward to Sharing Financial Expertise with Saudi PIF

Edward Mermelstein, the Commissioner of the New York City Mayor’s Office for International Affairs, revealed a common desire to maximize the financial expertise of the Saudi Public Investment Fund (PIF) in New York, the US economic and commercial capital. On his first visit to Saudi Arabia, Mermelstein said there is…

Asharq Al-Awsat

Saudi Arabia Develops a Global Integrated Logistics Park

Saudi Arabia aims to develop a global integrated logistics park in the al-Khumrah region, west of the Kingdom. The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce signed an agreement to set up a $267.6 million integrated logistics park at al-Khumrah, south of Jeddah, to boost economic development, national…

Asharq Al-Awsat

Saudi Entertainment Authority Announces 1st Entertainment Business Accelerator

The Saudi General Entertainment Authority launched the Entertainment Business Accelerator program to encourage entrepreneurs interested in the rapidly growing sector. Experts told Asharq Al-Awsat that the Kingdom is experiencing an unprecedented leap in entertainment, which requires qualifying the most significant number of enterprises to cope with the high demand in…

Asharq Al-Awsat

Saudi Arabia Underscores Efforts to Reach Political Solution to Ukraine Crisis

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah stressed on Sunday the Kingdom’s support to international efforts aimed at reaching a political solution to the Ukrainian-Russian crisis. Prince Faisal held official talks in Kyiv with Ukrainian President Volodymyr Zelenskyy. They tackled bilateral relations between their countries and opportunities to…

Asharq Al-Awsat

German Foreign Ministry Spokesperson: We Care About the Path of Reform in Saudi Arabia, Ready to Support it

The spokesman for the German Foreign Ministry in the Middle East and North Africa, Dennis Kumetat, stressed that Germany and the Kingdom of Saudi Arabia share a “deep” partnership. “Berlin is following with interest the political and social reform processes initiated by Saudi Crown Prince Mohammad bin Salman, which would…

Asharq Al-Awsat

MODON Signs Food and Beverage Agreements Worth $285 Million

The Saudi Authority for Industrial Cities and Technology Zones (MODON) signed a number of agreements to localize the food and beverage industry in the Kingdom, with total investments amounting to 1.07 billion riyals ($285 million). The announcement was made on the sidelines of MODON’s participation in the Gulfood exhibition in…

Asharq Al-Awsat

Morocco Removed from Financial Action Task Force Grey List

The Financial Action Task Force (FATF) decided unanimously to remove the Kingdom of Morocco from the enhanced monitoring process, known as "grey list", after assessing the compliance of the national system with international standards relating to the fight against money laundering and terrorist financing. This decision was taken at the…

Asharq Al-Awsat

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Asharq Al-Awsat

Al-Alimi to Asharq Al-Awsat: We Support and Encourage Saudi Mediation with Houthis

Chairman of Yemen’s Presidential Leadership Council (PLC) Dr. Rashad al-Alimi said the country’s political problems can be summed up in two words: exclusion and marginalization, while they can be resolved through consensus and partnership. In an exclusive interview to Asharq Al-Awsat, he underscored his support to the Saudi mediation with…

Asharq Al-Awsat

Tanmiah Food Company, Tyson Foods Strengthen Strategic Partnership at Saudi Event

Saudi-based Tanmiah Food Company and US-based Tyson Foods, Inc.

Asharq Al-Awsat

Prince Khalid bin Salman: Our Imams, Kings Have Established a Proud Homeland

Saudi Defense Minister Prince Khalid bin Salman bin Abdulaziz confirmed that the anniversary of the Kingdom’s founding day evokes historical stories and epics written by the imams and kings of Saudi Arabia. Prince Khalid said that the Kingdom’s imams and monarchs had established for Saudis “a lofty homeland, whose pillar…

Asharq Al-Awsat

Malaysian Foreign Minister: We Want to Take Part in Saudi Initiatives

Saudi Arabia is a vital partner for Malaysia, which is looking forward to working closely with the Kingdom in various fields, confirmed Malaysian Foreign Minister Zambry Abd Kadir. Kadir’s remark comes at a time when Kuala Lumpur seeks to expand strategic coordination and defense, technological and industrial cooperation with Riyadh.…

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Asharq Al-Awsat

Yemeni Officials, Public Optimistic About $1 Billion Saudi Deposit

Yemeni officials and the public hailed the new Saudi deposit agreement with the Central Bank of Yemen in Aden for $1 billion, indicating that it would improve the local currency rate, support primary food imports, and enable the government to implement economic reforms. The deposit directly impacted the exchange rate,…

Asharq Al-Awsat

Saudi Arabia Considers Storming of Nablus a Severe Violation of Int’l Law

Saudi Arabia strongly condemned on Wednesday the deadly raid of the Palestinian city of Nablus by Israeli forces. The Saudi Foreign Ministry reiterated the Kingdom’s rejection of the severe violations of international law carried out by Israeli forces. It called on the international community to assume its responsibilities to end…

Asharq Al-Awsat

Princess Jawaher Al Saud to Asharq Al-Awsat: Small Saudi Emirate Shook Pillars of Ottoman Empire

A Saudi researcher specialized in the Kingdom’s history referred to documents dating back to the Ottoman era, as well as British records, and contemporary local writings, to confirm that the First Saudi State, which was established by Imam Mohammad bin Saud, was a source of concern for the great powers…

Asharq Al-Awsat

Saudi Arabia Celebrates Founding Day, Marking its Establishment 300 Years Ago

Saudi Arabia is celebrating Founding Day on Wednesday. The anniversary was announced by Custodian of the Two Holy Mosques King Salman bin Abdulaziz in 2022 and will be marked annually on February 22. The day commemorates the Kingdom’s founding by Imam Mohammed bin Saud in February 1727. King Salman stressed…

Asharq Al-Awsat

AlUla Camel Cup to be Organized in March Under the Patronage of Saudi Crown Prince

Under the patronage of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Chairman of the Royal Commission for AlUla (RCU), AlUla Camel Cup will be held from March 14-17, with a grand prize pool of SR80 million. The RCU said that the AlUla Camel Cup is organized…

Asharq Al-Awsat

Arab Leaders Congratulate King Salman on Founding Day

Arab leaders congratulated on Tuesday Custodian of the Two Holy Mosques King Salman bin Abdulaziz on the occasion of the Kingdom’s Founding Day, which falls on Wednesday. Emir of Kuwait Sheikh Nawaf Al-Ahmad Al-Jaber Al Sabah sent a cable to King Salman, praising the Kingdom’s accomplishments that have strengthened its…

Asharq Al-Awsat

Ahead of Founding Day, Saudi Govt Expresses Pride in Kingdom’s Historic Roots

The Saudi government expressed on Tuesday pride in the state’s roots ahead of Founding Day, which falls on Wednesday. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The government underscored the deep roots of the Saudi state that go…

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