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The Latest Breaking News from Kingdom

Saudi Arabia to Expedite Opening of Accounts for Foreign Companies

The Saudi Central Bank (SAMA) has called on local banks to facilitate and speed up the procedures for opening accounts for foreign companies, in order to encourage them to transfer their regional headquarters to the Kingdom. The step is aimed at strengthening the country’s economy, providing employment opportunities, and boosting…

Asharq Al-Awsat

Saudi Industry Investments Exceed $346 Billion

The value of investments in the Saudi industrial sector amounted to 1.3 trillion riyals ($346.6 billion), with the imminent activation of the Kingdom’s National Strategy for Industry by the beginning of 2023. Eng. Ahmed Al-Ohali, Governor of the General Authority for Military Industries (GAMI), pointed to the rapid and qualitative…

Asharq Al-Awsat

Saudi Tourism Development Fund Launches AWN Tourism and Hospitality Program

The Saudi Tourism Development Fund (TDF) launched on Monday the AWN Tourism and Hospitality program to support small and micro tourism businesses in the Kingdom with the resources they need to realize their objectives and aspirations within the tourism industry, reported the Saudi Press Agency. The program aims to support…

Asharq Al-Awsat

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Saudi FM: We Are Seeking to Build Bridges Between East and West

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah stressed on Sunday that the Kingdom and Gulf countries were working on building bridges between the east and west. He cited the recent Riyadh-hosted summits that brought together the leaders of China and the United States as Saudi Arabia’s attempt to…

Asharq Al-Awsat

Saudi Arabia Lifts COVID Vaccine Requirement for Turkish Umrah Pilgrims

Saudi Arabia announced on Sunday it was lifting the COVID-19 vaccination requirement for Umrah pilgrims from Türkiye as part of the Kingdom’s efforts to ease the process for would-be pilgrims. Minister of Hajj and Umrah Dr.

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Saudi Energy Minister: OPEC+ Members’ Collective Efforts Achieved the Miracle

Saudi Energy Minister Prince Abdulaziz bin Salman said on Sunday that the ongoing global developments have proven that OPEC+ has taken the right decision. The collective efforts of the group have led to what he described as the “miracle” in 2020. OPEC+ is keen on being regulators of the market…

Asharq Al-Awsat

Chinese President Departs Riyadh after Bolstering Strategic Partnership with Arab World

Chinese President Xi Jinping concluded on Saturday his official visit to Saudi Arabia where he had taken part in three summits that culminated in the signing of a comprehensive strategic partnership agreement. He also presided over the signing of several agreements and memoranda of understanding with the Kingdom. The visit…

Asharq Al-Awsat

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Saudi Foreign Minister: Riyadh Summits Boost Regional Development

Saudi Foreign Minister Prince Faisal bin Farhan on Saturday said that development is the motive for the Kingdom and many Arab countries to hold global summits like the ones held in Riyadh, asserting that it is also the “motive from which we derive our foreign policies.” Speaking at a press…

Asharq Al-Awsat

Saudi Crown Prince: We Intend to Present New Stage to Boost Gulf Development

Prince Mohammed bin Salman, Crown Prince and Prime Minister of Saudi Arabia, inaugurated on Friday the work of the 43rd Gulf Summit at the King Abdulaziz International Conference Center in Riyadh. In his opening address, the Crown Prince said that the Kingdom intends to present the second phase of King…

Asharq Al-Awsat

Riyadh, Beijing Seek to Increase Cooperation in Housing, Mining and Industry Projects

Saudi Arabia and China are seeking to form a joint working group on cooperation in the field of housing, within the mechanism of the Trade and Investment Subcommittee, to enhance exchanges at the governmental level, and coordinate policies and planning. Areas of cooperation include the exchange of development plans, policies,…

Asharq Al-Awsat

130 Media Outlets from 50 Countries Cover Riyadh Summits

The Saudi Media Ministry launched media centers to cover the activities of the three Riyadh summits that were held in line with the official two-day visit of Chinese President Xi Jinping to the Kingdom that kicked off on Dec. 7. More than 130 local, Gulf, Arab, and global media outlets…

Asharq Al-Awsat

Saudi-Chinese Summit Culminates in Comprehensive Strategic Partnership Agreement

The meeting of Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Chinese President Xi Jinping, which was held at Al Yamamah Palace in Riyadh, in the presence of Crown Prince Mohammed bin Salman, culminated in the signing of the Comprehensive Strategic Partnership Agreement between the two countries.…

Asharq Al-Awsat

Xi Announces Listing Saudi Arabia as Tourist Destination for Chinese Groups

China’s President Xi Jinping said his country listed Saudi Arabia as an outbound destination for Chinese tourist groups to expand interpersonal exchanges as well as cultural and popular exchanges. The announcement was made following Xi’s meeting with Prince Mohammed bin Salman, Saudi Crown Prince and Prime Minister, in Riyadh on…

Asharq Al-Awsat

Saudi-China Summit: Deepening Ties Within Framework of Comprehensive Strategic Partnership

Saudi Arabia and China stressed in a joint statement on Friday the importance of continuing joint action in all fields and deepening relations within the framework of the comprehensive strategic partnership between the two countries. Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Prince Mohammed…

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi Arabia, China Affirm Importance of Stable Global Oil Markets

Saudi Arabia and China reaffirmed the significance of stability in global oil markets and the Saudi role in that, a joint statement said on Friday, following Chinese President Xi Jinping's visit to the Kingdom. "The People's Republic of China welcomed the Kingdom’s role as a supporter of the balance and…

Asharq Al-Awsat

Saudi Arabia to Host Global Coalition to Defeat ISIS Ministerial Meeting Next Year

Saudi Arabia has announced that it would host next year the ministerial meeting of the Global Coalition to Defeat ISIS. The announcement came during the Kingdom's participation in the meeting of the political directors of the Global Coalition to Defeat ISIS, held in The Hague on Wednesday. The Kingdom is…

Asharq Al-Awsat

Volume of Saudi-Chinese Trade Exchange Amounts to $320Bln

The Federation of Saudi Chambers (FSC) said the volume of trade exchange between Saudi Arabia and China between 2017 and 2021 amounted to SAR1.2 trillion ($320 billion). This figure reflects the strength and durability of the strategic economic partnership and the diversity and multiplicity of trade and investment opportunities in…

Asharq Al-Awsat

Saudi and Chinese Companies Sign 34 Investment Agreements

Saudi and Chinese companies have signed 34 investment agreements within the framework of the visit of Chinese President Xi Jinping to the Kingdom. The agreements were signed on Wednesday in the presence of the Minister of Investment, Eng.

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Asharq Al-Awsat

Saudi Arabia to Establish Regional Center for Chinese Factories in Riyadh

Saudi Energy Minister Prince Abdulaziz bin Salman said on Wednesday that relations between Saudi Arabia and China are witnessing a paradigm shift, which reflects the keenness of both countries’ leaderships to develop them. Prince Abdulaziz said both sides seek to bolster cooperation in the energy supply chains by establishing a…

Asharq Al-Awsat

Xi Hopes for a Shift in Relations between China, Arabs

Chinese President Xi Jinping began Wednesday a state visit to Saudi Arabia at the invitation of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, where he was first met Riyadh Governor Prince Faisal bin Bandar and several Saudi officials. Beijing said Xi's visit is China's "most important…

Asharq Al-Awsat

Chinese President Says to Discuss Developing Ties with Saudi Arabia during Official Visit

Chinese President Xi Jinping said on Wednesday that he will discuss with Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Prince Mohammed bin Salman, Crown Prince and Prime Minister, deepening bilateral relations between their countries during his visit to Saudi Arabia. Xi had arrived in Riyadh on…

Asharq Al-Awsat

Chinese President Arrives in Saudi Arabia on Official Visit

Chinese President Xi Jinping arrived in Saudi Arabia on Wednesday on an official visit at the invitation of Custodian of the Two Holy Mosques King Salman bin Abdulaziz. He was welcomed at King Khalid International Airport by Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region; Prince Faisal bin…

Asharq Al-Awsat

Riyadh Paves the Way for Expanding China’s Economic Relations with Gulf and Arab Countries

Chinese President Xi Jinping is expected to arrive in Saudi Arabia on Thursday, for a two-day official visit at the invitation of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz. The Saudi business sector in particular, and the Gulf and Arab countries in general, are looking forward…

Asharq Al-Awsat

At Invitation of King Salman, Chinese President to Kick off Visit to Saudi Arabia on Thursday

Chinese President Xi Jinping will kick off an official three-day visit to Saudi Arabia on Thursday at the invitation of Custodian of the Two Holy Mosques King Salman bin Abdulaziz. The visit will boost the historic ties and strategic partnership between their countries. King Salman and Xi will preside over…

Asharq Al-Awsat

Regional, Int’l Powers Welcome Sudanese Political Agreement

Several regional and international powers welcomed the signing of a framework deal between Sudan’s ruling generals and the main pro-democracy group on Monday. The deal pledges to establish a new, civilian-led transitional government to guide the country to elections and offers a path forward in the wake of Sudan's stalled…

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