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The Latest Breaking News from Kingdom

OECD Expects Saudi Arabia to Top G20 Economies for 2 Years

The real GDP growth projections of the Saudi economy are expected to reach 9.9 percent this year, and six percent in 2023, recording the highest growth rate among the G20 countries, according to a report by the Organization for Economic Cooperation and Development (OECD). The report "OECD Economic Outlook Interim…

Asharq Al-Awsat

Saudi Arabia, South Africa Stress Joint Action, Cooperation

Saudi Arabia and South Africa issued a statement after President Cyril Ramaphosa visited Riyadh, confirming the strength of bilateral relations and the importance of boosting joint action. Ramaphosa began Friday a visit to the Kingdom at the invitation of Custodian of the Two Holy Mosques King Salman bin Abdulaziz. The…

Asharq Al-Awsat

Saudi Arabia Launches Proactive Indicator for Economic Transformation

The Saudi government on Sunday launched a novel economic analysis index, known as MEPX, to monitor the performance of the Kingdom’s private sector. MEPX is a leading indicator that has been designed and developed by the economy ministry’s economic analysts to track 10 economic factors classified into four categories, consumers,…

Asharq Al-Awsat

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Ten Agreements Signed at Riyadh Supply Chain Conference

Supporting the Kingdom’s ambitions for becoming a global destination for logistics services, the Supply Chain Conference held in Riyadh witnessed the signing of ten agreements that bolster the position of Saudi supply chains in the face of geopolitical challenges. Moreover, Saudi Arabia announced inaugurating 59 logistic zones to bolster supply…

Asharq Al-Awsat

King Salman Urges Peaceful Solutions, Backs Int’l Efforts to Resolve Russia-Ukraine Crisis

Custodian of the Two Holy Mosques King Salman bin Abdulaziz stressed on Sunday the importance of dialogue, negotiations and peaceful solutions in ending fighting, protecting civilians and establishing peace, security and development for all. He underlined the Kingdom’s support to international efforts aimed at reaching a political solution to the…

Asharq Al-Awsat

Khalid bin Salman: OPEC+ Decision Taken Unanimously for Economic Reasons

Saudi Defense Minister Prince Khalid bin Salman said Sunday that the decision by OPEC+ to cut oil output was taken unanimously and for purely economic reasons. “Although the OPEC+ decision, which was taken unanimously, was due to purely economic reasons, some accused the Kingdom of standing with Russia,” he said…

Asharq Al-Awsat

Saudi Economy Ministry Launches Indicator to Monitor Private Sector’s Performance

The Ministry of Economy and Planning launched on Sunday a novel economic analysis index, known as MEPX, to monitor the performance of the Kingdom’s private sector, the Saudi Press Agency reported. MEPX is a leading indicator that has been designed and developed by the Ministry’s economic analysts to track ten…

Asharq Al-Awsat

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Saudi Arabia’s National Center for Palms and Dates Participates in SIAL 2022 in Paris

The National Center for Palms and Dates is participating in the "SIAL Paris 2022" exhibition in Paris, France, which is taking place from October 15 to 19, the Saudi Press Agency reported on Sunday. The center's participation in the exhibition aims to boost the marketing of Saudi dates, activate international…

Asharq Al-Awsat

Broad Saudi Participation in SIAL PARIS 2022 Food Show

Saudi Arabia’s Exports Development Authority revealed on Saturday that 50 of the Kingdom’s food sector companies are participating in the SIAL Paris 2022 Food Show, which is running from Oct.15 to Oct.19. Participation at the exhibition significantly raises brand awareness for Saudi exports, strengthening their position in regional and global…

Asharq Al-Awsat

Saudi Arabia Affirms Commitment to Mediation, De-Escalation in Ukraine

Ukrainian President Volodymyr Zelensky and Saudi Crown Prince Mohammed bin Salman reaffirmed the Kingdom’s support for de-escalation and preparedness to continue mediation efforts.

Asharq Al-Awsat

King Salman to Deliver Annual Royal Speech Before Shura Council

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, is set to give the annual royal speech before the Saudi Shura Council on Sunday. In his speech, which marks the launch of the third year of the eighth session of the Shura Council, the monarch will…

Asharq Al-Awsat

Saudi Crown Prince Meets with South African President

Crown Prince Mohammed bin Salman bin Abdulaziz met at the Royal Court at Al-Salam Palace in Jeddah with South African President Cyril Ramaphosa.

Asharq Al-Awsat

Saudi Arabia Expresses Solidarity with Türkiye over Mine Explosion

The Saudi Foreign Ministry expressed on Saturday the Kingdom’s solidarity with the Turkish government and people in wake of the mine explosion that left dozens dead. It offered its sincere condolences to the families of the victims, wishing the injured a speedy recovery. At least 41 people were killed in…

Asharq Al-Awsat

First Russian soldiers arrive in Belarus for new joint force

The first Russian soldiers have arrived in Belarus to take part in a new joint force announced this week, Minsk's defence ministry said on Saturday. Earlier in the day, Saudi Arabia announced $400 million in humanitarian aid for Kyiv. Read FRANCE 24’s liveblog to catch up on the day's events…

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Asharq Al-Awsat

Arab, Islamic Officials Condemn Negative Campaign against Saudi Arabia

Saudi Arabia’s rejection of the negative statements against it in wake of the OPEC+ decision was welcomed by Arab and Islamic leaders. The officials expressed their solidarity with Saudi Arabia and strong condemnation of the statements and campaigns against Riyadh. On Thursday, an official source at the Saudi Foreign Ministry…

The Guardian - UK

Democrats suggest shifting weapons from Saudi Arabia to Ukraine

Democrats call for suspension of transfer of Patriot missiles in wake of ‘turning point’ in relationship with Saudis

Asharq Al-Awsat

Saudi Arabia: Cement Decarbonization Paves Way for Carbon Neutrality

The King Abdullah University of Science and Technology (KAUST), in cooperation with the Ministry of Industry and Mineral Resources, organized a workshop entitled: “Cement Decarbonization in Saudi Arabia – Pathways to 2060.” In his opening speech to the workshop, Undersecretary of the Ministry for Mining Development, Musad al-Daoud said the…

Asharq Al-Awsat

Saudi Arabia Urges Designation of Houthis as Terrorist

Saudi Arabia called on Thursday for the designation of the Iran-backed Houthi militias in Yemen as terrorist. The Kingdom’s Ambassador to the United Nations, Dr. Abdulaziz al-Wasil said the time has come for the designation and for the boycott of the militias and drying up of their sources of funding.

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The Independent UK

Biden vs the Kingdom: Is this the end of the US-Saudi relationship?

The US-Saudi relationship endured a crippling oil embargo and the 9/11 attacks. Has the relationship run its course? Richard Hall investigates

Asharq Al-Awsat

Saudi Inflation Rises to 3.1% In Sept

Saudi Arabia's inflation rose to 3.1% in September, driven mainly by higher food prices, rents, and the rising cost of utilities, the General Authority for Statistics said on Thursday. Compared to the previous month, the Consumer Price Index (CPI) for September was marginally higher, up 0.3%, it added. Food and…

Asharq Al-Awsat

Saudi Local Companies Produce around 11 Million Tons of Feed Annually

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Asharq Al-Awsat

GCC Hails Saudi Role in Preserving World Economy, Stabilizing Oil Markets

The Secretary-General of the Gulf Cooperation Council, Nayef Al-Hajraf, on Thursday praised Saudi Arabia's role in protecting the global economy and the stability of energy markets, and affirmed total rejection of the statements issued against the Kingdom following the decision of the OPEC+ group. Hajraf expressed solidarity with Saudi Arabia,…

Asharq Al-Awsat

Saudi Arabia Rejects Dictates, Attempts for Altering Kingdom’s Global Economy Protection Goals

Saudi Arabia, on Thursday, voiced total rejection of the statements issued towards the Kingdom following the OPEC+ decision to cut oil production. An official at the Foreign Ministry stated that the Saudi government has viewed the statements issued about the Kingdom following the OPEC+ decision announced on October 5, 2022.…

Asharq Al-Awsat

Khalid bin Salman Affirms Saudi-led Coalition Continuous Support to Yemeni People, Govt

Saudi Defense Minister Prince Khalid bin Salman held talks with Yemen’s Minister of Defense Lieutenant General Mohsen Al Daari on Wednesday. During the meeting, they discussed joint cooperation between the two brotherly countries in the military and defense fields. They also highlighted UN efforts to extend truce and alleviate the…

The Guardian - UK

Democrats issue fresh ultimatum to Saudi Arabia over oil production

Members of Congress raise prospect of one-year arms sales ban unless kingdom reverses Opec+ decision to cut output

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