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The Latest Breaking News from Kingdom

Saudi Govt Hails Economic Efforts to Achieve Goals of Vision 2030

The Saudi government praised on Tuesday efforts in various sectors throughout the Kingdom to maximize the economic impact of achieving the goals of Vision 2030. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Jeddah. The ministers reviewed the messages received…

Asharq Al-Awsat

Saudi Agriculture Sector Grows 7.8%

The Ministry of Environment, Water and Agriculture (MEWA) stated that the Kingdom’s agricultural gross domestic product (GDP) rose 7.8% to SAR72.25 billion ($19.2 billion) in 2021, compared to SAR67.05 billion ($17.8 billion) a year earlier, recording the highest growth rate in five years. In a statement, the ministry indicated that…

Asharq Al-Awsat

Millions of Domestic Flights Reflect Rise in Tourism Indicators in Saudi Arabia

Saudi Arabia witnessed unprecedented growth in domestic cultural tourism, with over 10.5 million trips taking place in the first ten months of 2021, according to the Cultural Status Report by the Ministry of Culture. The Ministry publishes the report every two years to create a basis for monitoring the cultural…

Asharq Al-Awsat

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SAMA: ePayments Exceeded Cash for 1st Time in Saudi Arabia in 2021

The Saudi Central Bank (SAMA) released on Sunday a report on the results of an extensive study to measure payment methods in Saudi Arabia in 2021. The report aimed to assess consumer payment habits (cash and non-cash) across all market sectors, individuals, business, and the government sector. A key objective…

Asharq Al-Awsat

Saudi Arabia, South Africa to Discuss Agreements on Technologies, Green Economy, Hydrogen

A senior South African diplomat said that negotiations were underway to sign cooperation agreements with Saudi Arabia that would cover various sectors, including agriculture, industry, green economy, climate and technology. In an interview with Asharq Al-Awsat, South Africa’s ambassador to the Kingdom, Mogobo David Magabe, said that his country was…

Asharq Al-Awsat

Egypt Stresses Solidarity with Saudi Arabia in Confronting Terrorism

Egypt stressed on Saturday its solidarity with Saudi Arabia in “confronting everything that threatens its security and stability.” A foreign ministry statement said Cairo stands by the Kingdom in confronting all forms of terrorism, violence and extremism. Egypt made its remarks after a man wanted by the Saudi State Security…

Asharq Al-Awsat

Saudi Arabia Allows All Types of Visa Holders to Perform Umrah

The Saudi Ministry of Hajj and Umrah said Saturday it has made it possible for holders of all types of visas and those coming from all countries for the purpose of tourism and visits to perform Umrah during their stay in the Kingdom. The ministry stated that those who qualify…

Asharq Al-Awsat

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Saudi FM Holds Bilateral Talks with Maltese Counterpart

Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan met with his Maltese counterpart Ian Borg during his visit to Malta. The two ministers discussed bilateral relations between the Kingdom and Malta and ways to strengthen and develop them in various fields, in addition to discussing the most prominent issues of…

Asharq Al-Awsat

Saudi Dates Sector Faces 5 Challenges

The Federation of Saudi Chambers said there are five challenges facing the development of the date sector in Saudi Arabia. The Kingdom is hoping the sector would make significant contributions to its GDP. First Vice President of the Federation Tariq al-Haidari said the sector faces weak marketing, especially e-marketing. Haidari…

Asharq Al-Awsat

Saudi Arabia Prepares to Launch Individual Savings Sukuk

The Saudi Ministry of Finance and the National Debt Management Center (NDMC) are seeking to develop and launch individual savings Sukuk to motivate individuals to design better plans for the future and seek strategic partnerships with the private sector. The two entities signed a memorandum of understanding (MoU) with SNB…

Asharq Al-Awsat

Saudi Arabia Issues 900,000 Umrah Permits, Visas

Saudi Arabia’s Deputy Hajj Minister Abdulfattah Mashat has confirmed that there are no restrictions on the number of people allowed to perform Umrah from outside the Kingdom.

Asharq Al-Awsat

King Salman Receives Message from President of Bangladesh

Custodian of the Two Holy Mosques King Salman bin Abdulaziz received on Wednesday a written message from President of Bangladesh Mohammad Abdul Hamid. The written tackled bilateral ties between Saudi Arabia and Bangladesh. Abdul Hamid also expressed his country’s support to the Kingdom’s bid to host Expo 2030 in Riyadh.…

Asharq Al-Awsat

Saudi Arabia: Stability of Oil Market Pivotal to Kingdom’s Energy Strategy

The Saudi government stressed on Tuesday the great need to commit to oil production in line with the agreements reached by OPEC and OPEC+. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Jeddah. The government tackled the outcomes of 31st…

Asharq Al-Awsat

Saudi Arabia Operates New Salwa Crossing with Qatar

Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, launched on Monday the trial operation of the passengers’ section at the new Salwa crossing, which links Saudi Arabia with Qatar. He noted that the crossing would primarily contribute to enhancing vehicle and passenger traffic, in addition to promoting…

Asharq Al-Awsat

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Asharq Al-Awsat

Foreign Capital Represents 39% of Saudi Industrial Sector Investments

The Ministry of Industry and Mineral Resources said on Sunday that foreign or joint capital investments represent about 39 percent of the total investments in the industrial sector in the Kingdom. The ministry also revealed that the total number of existing and under construction factories until the end of last…

Asharq Al-Awsat

Oxford Economics Predicts Saudi Economy to Cross $1 Trln Mark in 2022

Oxford Economics has predicted that the Saudi economy will cross the trillion-dollar mark for the first time this year. The leader in global economic forecasting and econometric analysis pointed out that the growth rate of Saudi Arabia's national product will reach 7.5 % during 2022. The International Monetary Fund has…

Bangkok Post

Legendary singer Engelbert Humperdinck set for Thailand tour

Legendary pop singer Engelbert Humperdinck will kick off his tour across the Kingdom with the live concert "The Legendary Engelbert Humperdinck In Hua Hin", at the InterContinental Hua Hin Resort in Prachuap Khiri Khan, on Aug 20 at 6pm.

Asharq Al-Awsat

Saudi Industry Minister: Percentage of National Products in Some Retail Stores Reaches 70%

The Saudi Exports Development Authority has signed joint cooperation agreements with the largest retail stores in the Kingdom with the aim of allocating to display national goods that apply to the “Saudi Made” identity, the Saudi Press Agency reported Sunday. The largest local stores in the Kingdom began to allocate…

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Asharq Al-Awsat

Saudi Arabia Condemns Israeli Attack on Gaza

Saudi Arabia condemned and denounced on Saturday the Israeli attack on the Gaza Strip. The Saudi Ministry of Foreign Affairs affirmed in a statement that the Kingdom stands by the Palestinian people, calling on the international community to assume its responsibilities to end the escalation. It also said the international…

Asharq Al-Awsat

Saudi MAWANI Adopts Regulations in line with Commercial Maritime System

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,…

Asharq Al-Awsat

Saudi Revenues Jump 50% in 1st Half of 2022, with $36 Bn Surplus

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…

Asharq Al-Awsat

Mouallimi Concludes 11-Year Tenure as Saudi Ambassador to UN

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

Asharq Al-Awsat

Aramco, Sinopec Sign New MoU

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…

Asharq Al-Awsat

Saudi Arabia Submits Bid to Host 2029 Asian Winter Games in NEOM

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…

Asharq Al-Awsat

Number of SMEs Jumps 68% in Saudi Arabia

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…

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