The Latest Breaking News from Kingdom

The Saudi Ports Authority (MAWANI) has revealed a new set of regulations governing the activities of shipping agents in the Kingdom’s maritime sector, which comes in line with the objectives of the National Strategy for Transport and Logistics Services. The strategy aims at enhancing the services provided by shipping agents,…

In a performance that exceeded the targeted budget surplus for 2022, the Saudi Ministry of Finance disclosed on Thursday a record increase in revenues during the first half of this year, driven by a surge in oil prices and the fast growth of the non-oil sector. Experts told Asharq Al-Awsat…

Saudi Arabia’s Abdallah Al-Mouallimi has concluded an 11-year tenure as the Kingdom’s top envoy to the UN.

Aramco and China's oil refiner Sinopec signed a Memorandum of Understanding on Wednesday in Riyadh for multiple potential collaborations in Saudi Arabia. The MoU outlines pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in China and…

The Saudi Olympic and Paralympic Committee officially submitted a letter of interest to the Olympic Council of Asia (OCA) to host the 10th Asian Winter Games (AWG) in TROJENA, NEOM’s global destination for mountain tourism. The letter included a brief of the Kingdom’s ambitious Vision 2030, which will support TROJENA…

The number of small and medium enterprises (SMEs) in Saudi Arabia increased by about 68 percent, reaching 752,500 during Q1 of 2022, in light of the incentives provided by Vision 2030. A recent report by the Digital Transformation Program, a copy of which was reviewed by Asharq Al-Awsat, showed that…

Saudi Arabia continued exerting efforts to attract investments and expand the local development project, announcing the establishment of two independent bodies to promote investment and another for roads. The Saudi cabinet approved the establishment of the Saudi Investment Promotion Authority (SIPA) to achieve cooperation among various parties and support all…

Saudi Arabia’s General Commission for Audiovisual Media issued a decision requiring individuals to obtain a license to publish advertisement content on their personal social media platform. “This move will help regulate the advertising sector and digital content in the Kingdom,” the authority said. It called on those who wish to…

The Research, Development and Innovation Development Authority, which was established in June 2021, is holding successive workshops to develop the national strategy for the sector, to be announced at a later stage, within efforts to achieve the aspirations of Saudi Vision 2030. Engineer Abdulwahed Alghanem, President of the Saudi Association…

The Saudi General Authority for Statistics (GASTAT) revealed on Sunday that the Kingdom’s real gross domestic product (GDP) jumped by 11.8 % year-on-year (YoY) in the second quarter of 2022. The announcement countered International Monetary Fund projections that the economy will grow at 7.6% this year, the highest growth among…

The Saudi private sector plans to explore investment opportunities in the agricultural sector in 10 Arab countries, including Saudi Arabia, official data revealed on Saturday. The Federation of Saudi Chambers (FSC) had presented a comprehensive and detailed list on the future projects in the specified countries, to benefit the companies…