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The Latest Breaking News from Kingdom

Saudi Arabia to Import Agricultural Products to Boost Strategic Stocks

Saudi Arabia's Agricultural Development Fund signed a number of financing contracts to import agricultural products worth SAR 367 million riyals ($ 97 million) in a move aimed to promote the Kigdom's food security initiative and strengthen the strategic stock, The Saudi Food Abundance Committee, emanating from the Food Security Committee,…

Asharq Al-Awsat

People Flock to Saudi Arabia's First Int'l Tea Exhibition

Tea is one of the most consumed drinks globally after water, and it is one of the essential traditional drinks in many countries, including Saudi Arabia. Saudis consider tea a part of their long-standing heritage after it was introduced into the Kingdom nearly a hundred years ago. Alongside Saudi coffee,…

Asharq Al-Awsat

ICT Sector Could Contribute $53 Bln to Saudi GDP in 2022

The information and communication technology (ICT) sector’s contribution to the Saudi GDP reached SAR 146.9 billion ($39 billion) during the past year, with predictions it could reach SAR 200 billion ($53 billion) in 2022, a recent report revealed. Published by the Research and Information Center of the Chamber of Commerce…

Asharq Al-Awsat

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Drones, Technology Localization Top ‘AI’ Discussions in Riyadh

Experts at the International Exhibition and Conference on Artificial Intelligence and Cloud Computing, held in Riyadh, discussed enhancing AI for the drone sector in smart cities and the possibility of localizing the technology in the Kingdom. They also tackled mapping cloud digital transformation and the role of AI in the…

Asharq Al-Awsat

Saudi Arabia, US Ink Deals to Establish Joint Centers in Emerging Technologies

The King Abdulaziz City for Science and Technology (KACST) signed several cooperation agreements with American research and academic bodies to establish centers of excellence in emerging technologies and implement strategic projects that enhance economic growth in the Kingdom and achieve its ambitious vision of transformation towards an innovation-based economy. The…

Asharq Al-Awsat

Saudi Finance Minister Expects 7.4% Growth in 2022

Saudi Finance Minister Mohammed al-Jadaan announced that the Kingdom expects a 7.4 percent growth in 2022. Speaking at a panel on the economic outlook for the MENA region at the World Economic Forum in Davos (WEF), Jadaan explained that Saudi oil GDP would grow 19 percent this year due to…

Asharq Al-Awsat

Saudi PIF Acquires 16.8% of Kingdom Holding Company

The Saudi Public Investment Fund has acquired 625 million shares of the Kingdom Holding Company (KHC), representing 16.87 percent, with a total value of 5.6 billion riyals ($1.5 billion).

Asharq Al-Awsat

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Khalid Bin Salman, Blinken Review Ways to Strengthen Saudi-US Ties

Saudi Deputy Minister of Defense Prince Khalid bin Salman bin Abdulaziz has met with US Secretary of State Antony Blinken in Washington, the Saudi Press Agency reported. During the meeting, they reviewed the strategic and historical relations between the Kingdom and the United States and ways to strengthen them, SPA…

Asharq Al-Awsat

Saudi Arabia Aspires to Reach a Comprehensive Political Resolution in Yemen

Saudi Deputy Minister of Defense Prince Khalid bin Salman asserted the Kingdom’s “aspiration for reaching a comprehensive political resolution to the crisis” in Yemen. Prince Khalid met with the US Special Envoy for Yemen, Timothy Lenderking, in Washington to discuss the latest developments in Yemen. Prince Khalid said on his…

Asharq Al-Awsat

Another good day for Kingdom

Tennis star Luksika Kumkhum claimed her second SEA Games gold medal while the sepak takraw quard teams and the shooting squad completed a double on Saturday.

Bangkok Post

Health Ministry : No Case of Monkeypox Recorded in Saudi Arabia

The Saudi Ministry of Health has confirmed that so far no case of monkeypox has been detected in the Kingdom. The disease has recently started to appear in some European and North American countries after it has been endemic in some African countries for over 50 years. The Ministry of…

Asharq Al-Awsat

Al Rumayyan: Carbon Trading Platform in Saudi Arabia is Evidence of Change

The presence of a carbon trading platform in Saudi Arabia is in itself evidence of change, said the governor of the Saudi Public Investment Fund (PIF), Yasir Al Rumayyan, confirming that mega projects in the Kingdom like NEOM are depending on green sources for their energy needs. Speaking at a…

Asharq Al-Awsat

Discussions to Employ Women's Capital in Saudi Investment Projects

Asharq Al-Awsat has learned that the Coordinating Council for Women’s Affairs at the Council of Saudi Chambers intends to involve businesswomen in various economic sectors, training and rehabilitation programs, initiatives and appropriate investment opportunities in the Kingdom. The Businesswomen’s Committee of the Chamber of Commerce and Industry in Riyadh held…

Asharq Al-Awsat

Saudi crown prince signals family unity as succession looms

An unlikely royal joined a Saudi delegation to the UAE this week, and readers of the Kingdom's political landscape are viewing the move as a message of family unity from its de facto ruler after fractious years spent building his power base.

Reuters

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Asharq Al-Awsat

Proposal for Building Korean Industrial Village in Eastern Saudi Arabia

An industrial proposal has been put forward to establish a Korean industrial village in eastern Saudi Arabia.

Evening Standard

Partygate: Did Boris Johnson get away with it again?

Our long national nightmare is over. Our Cabinet Office works. Our Kingdom is a government of laws and not of party animals. Ok, not quite.

Asharq Al-Awsat

Saudi Arabia Kicks off Implementation of World’s Largest Eco-friendly Water Osmosis System

The Governor of the Saudi Saline Water Conversion Corporation (SWCC), Eng. Abdullah Al-Abdul Karim, said that work has begun to create the world’s largest environmentally friendly water osmosis system. The Saudi official revealed the Kingdom’s aspirations to find solutions to the risks that threaten humanity, especially the increasing water demand.

Asharq Al-Awsat

Saudi Arabia Confirms Commitment to Global Compact for Migration

The Saudi Ministry of Human Resources and Social Development represented the Kingdom in the United Nations Forum on International Migration Review, which was held in New York this week for the first time since the adoption of the Global Compact for Safe, Orderly, and Regular Migration in December 2018. The…

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Asharq Al-Awsat

Foundation Stone Laid for First Lucid Plant in Saudi Arabia

US-based Lucid Motors on Wednesday laid the foundation stone for its first-ever electric car plant outside the US at King Abdullah Economic City (KAEC) in the Saudi western city of Rabigh. Minister of Industry and Mineral Resources Bandar Alkhorayef announced that Saudi Arabia is targeting manufacturing of more than 300,000…

Asharq Al-Awsat

Khalid bin Salman, Austin Discuss Saudi-US Partnership

Saudi Deputy Minister of Defense Prince Khalid bin Salman bin Abdulaziz has met with US Secretary of Defense Lloyd Austin in Washington. They discussed the strategic relations between the two friendly countries, the Saudi-US partnership, and aspects of strategic cooperation in the existing and future defense and military fields. Prince…

Asharq Al-Awsat

Riyadh, Bangkok to Implement Bilateral Partnership Agreements

A high-ranking Thai official said that Bangkok and Riyadh were close to implementing bilateral agreements, which were recently concluded by the two sides. Don Pramudwinai, Thailand’s Deputy Prime Minister and Minister of Foreign Affairs, pointed to the restoration of full diplomatic relations between the two countries, saying that an official…

Asharq Al-Awsat

Khalid bin Salman Meets with Sullivan in Washington

Saudi Deputy Minister of Defense Prince Khalid bin Salman bin Abdulaziz has met with US National Security Adviser Jake Sullivan in Washington. During the meeting, they reviewed the solid historical Saudi-US relations and discussed prospects for cooperation and joint coordination between the Kingdom and the US, in addition to ways…

Asharq Al-Awsat

Saudi Arabia Stresses Keenness on Stability of Iraq, Security in Syria

The Saudi government reiterated on Tuesday its keenness on stability in Iraq as it seeks to impose its sovereignty over all its territories. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held virtually. The Kingdom had expressed its position on Iraq during…

Asharq Al-Awsat

Saudi-Thai Roadmap to Boost Partnership in 4 Investment Sectors

Saudi Minister of Investment Khalid al-Falih announced that the developed Saudi-Thai road map would be further boosted by the new investments in tourism, healthcare, industry, and manufacturing operations. The Ministry of Investment in Riyadh organized the Saudi-Thai Investment Forum, with the participation of the Minister of Investment, the Thai Deputy…

Asharq Al-Awsat

Saudi Quarterly Budget Registers Record Surplus

Official data released on Sunday showed that the Saudi budget for the first quarter of 2022 recorded a surplus of SR 57.4 billion ($15.3 billion dollars). The Saudi Ministry of Finance announced the actual general budget for the first quarter of 2022, noting that the Kingdom collected revenues of SR…

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