The Latest Breaking News from Kingdom

Al-Mudaifer: Saudi Arabia Attracting Foreign Investment to Explore Critical Minerals in the Region

Saudi Arabia is exerting efforts to drive foreign investments into the Kingdom and surrounding region for the purpose of exploring strategic and vital minerals used in renewable energy, Khalid Al-Mudaifer, Saudi vice minister for mining affairs, told Asharq Al-Awsat. According to Al-Mudaifer, international reports confirm the world’s need for these…

Asharq Al-Awsat · Jan 5, 2023

Saudi-backed LIV Golf is using PGA suit to get data on 9/11 families, court told

Saudi Arabia’s LIV Golf is allegedly using its US court fight with rival PGA Tour Inc. to “build an intelligence file” on families of 9/11 victims who have been critical of the kingdom and its new professional golfer’s circuit.

Tribune News Service · Jan 4, 2023

More Saudi Women Assume Diplomatic Posts

The number of Saudi women assuming diplomatic positions has increased to five, with the addition of Ambassadors Nisreen Al-Shibel and Haifa Al-Jedia to the list of Saudi representatives in the Kingdom’s embassies abroad. Al-Shibel has been appointed as Saudi Arabia’s new ambassador to Finland.

Asharq Al-Awsat · Jan 4, 2023

Upcoming Large Economic Projects to Link Saudi Arabia, Oman

Abdulsalam Al Murshidi, the executive president of the largest sovereign wealth fund of the Sultanate of Oman, has affirmed that economic ties between Oman and Saudi Arabia have taken great strides towards integration and strengthening the partnership between the two countries. “What happened during the past two years, specifically after…

Asharq Al-Awsat · Jan 1, 2023

Saudi Arabia Aims to Boost National Automotive Industry

The Saudi Ministry of Industry and Mineral Resources signed a memorandum of understanding with Hyundai Motor Company to promote the automotive industry in the Kingdom. The MoU was signed in the presence of the Minister of Industry and Mineral Resources, Bandar al-Khorayef, and the Minister of Economy and Planning, Faisal…

Asharq Al-Awsat · Jan 1, 2023

SAMA to Begin Implementation of Basel III Reforms in Early 2023

The Saudi Central Bank (SAMA) announced on Wednesday that the Basel III reforms would come into force in the Kingdom’s banking sector in January 2023. “The move is in line with the internationally agreed timeline set by the Basel Committee on Banking Supervision,” SAMA said in a press statement. The…

Asharq Al-Awsat · Dec 29, 2022

Saudi, Russian FMs Discuss Ukraine Crisis

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah received on Wednesday a telephone call from his Russian counterpart Sergei Lavrov. Their talks focused on the latest developments in the Ukraine crisis. Prince Faisal underscored to Lavrov Saudi Arabia’s efforts with all involved parties, adding that the Kingdom supports international…

Asharq Al-Awsat · Dec 28, 2022

Director Tawfik Al-Zaidi Tells Asharq Al-Awsat: ‘Noura’ Resembles AlUla in its Connection with Human, Art

Saudi film director Tawfik Al-Zaidi expected the revenues of the Saudi cinema to hit one billion Saudi riyals by the end of 2022, after it exceeded 900 million riyals in November, highlighting the vital role Saudi Arabia has played in the cinema industry since 2018. During an interview with Asharq…

Asharq Al-Awsat · Dec 28, 2022

Saudi Arabia Reiterates Support to Iraq’s Security, Sovereignty

The Saudi government reiterated on Tuesday the Kingdom’s stance in support of Iraq as it seeks to preserve its security and sovereignty. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The government renewed the Kingdom’s commitment to Iraq’s efforts…

Asharq Al-Awsat · Dec 27, 2022

Saudi Arabia Approves New Center for Special Economic Zones in Riyadh

Official information revealed that higher authorities have approved the organizational arrangements for a new center for economic zones in Riyadh. The Royal Commission for the Saudi capital would be the competent authority to supervise these zones. Last year, Crown Prince Mohammad bin Salman revealed a new strategy for the development…

Asharq Al-Awsat · Dec 27, 2022