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The Latest Breaking News from Kingdom

Indicators Point to High Liquidity Movement in Saudi Arabia

Saudi Arabia has seen indicators of high liquidity movement, prompted by the recovery of commercial demand and consumer spending over the last period, in parallel with the growth of the national economy and the rise in oil revenues and non-oil activity in the Kingdom. Cash liquidity rose by 2.7% at…

Asharq Al-Awsat

Fitch Upgrades Saudi’s PIF Outlook to ‘Positive’

Ratings agency Fitch on Friday revised the outlook on Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), to "positive" from "stable" following a similar action on the country. It also affirmed the PIF's rating at "A". Fitch had cited improvements in Saudi Arabia's balance sheet due to higher…

Asharq Al-Awsat

Turkey's Erdogan Keen on Developing Economic Trade, Cooperation with Saudi Arabia

Turkish President Recep Tayyib Erdogan stated that his country and Saudi Arabia agreed to develop trade and economic cooperation. Erdogan had paid a visit to the Kingdom on Thursday, his first in five years.

Asharq Al-Awsat

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Pakistani Premier to Asharq Al-Awsat: Committed to Promoting Ties with Saudi Arabia

On his first foreign visit to Saudi Arabia, Pakistani Prime Minister Shehbaz Sharif said that his government was committed to advancing the special relationship with the Kingdom. Sharif is the leader of the Pakistan Muslim League. He was sworn in earlier this month after parliament ousted his predecessor, Imran Khan,…

Asharq Al-Awsat

Saudi Arabia Launches Bids For the Construction of Dams

The Saudi Ministry of Environment, Water and Agriculture revealed that it has launched an investment initiative, the first of its kind, to offer bids for the construction of water dams. The ministry announced the launch of four water dam projects in the Asir region (southern of the Kingdom) for investment…

Asharq Al-Awsat

Bahrain’s King Pardons 160 Inmates on Eid al-Fitr

Bahrain’s King Hamad bin Isa Al Khalifa issued Thursday a royal decree pardoning and releasing 160 inmates who were held on various charges and have served part of their jail terms. Bahrain News Agency BNA said the decree was issued on the occasion of Eid al-Fitr. “The King is keen…

Asharq Al-Awsat

EXPLAINER: Why are foes Turkey and Saudi Arabia fixing ties?

The killing by Saudi agents of columnist Jamal Khashoggi inside the kingdom’s consulate in Istanbul turned an already tense and shaky relationship between Turkey and Saudi Arabia into complete free-fall

The Independent UK

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Arab Coalition to Release 163 Houthis Who Had Taken Part in Hostilities Against Saudi Arabia

The Saudi-led Arab coalition announced on Thursday that the Joint Forces Command will release 163 Houthi detainees who had taken part in hostilities against the Kingdom, reported the Saudi Press Agency. The move is a humanitarian initiative in extension of previous ones. It also supports all the efforts aimed at…

Asharq Al-Awsat

Saudi Arabia Celebrates Fifth Anniversary of Pledge of Allegiance to Crown Prince

As the Saudis celebrate the fifth anniversary of the pledge of allegiance to Prince Mohammed Bin Salman as Crown Prince, observers find it difficult to monitor and assess the rapid transformations that the Kingdom has witnessed over the past five years, which all point to an endeavor to “build the…

Asharq Al-Awsat

Barroso to Asharq Al-Awsat: Saudi Arabia’s Response to the Pandemic a Lesson for Health Systems

Jose Barroso, the chairman of the Global Vaccine Alliance (GAVI), described Saudi Arabia’s response to the Covid-19 pandemic as “wonderful”, pointing that the Kingdom’s investment in health care systems has prepared it to deal better with the pandemic. In an exclusive interview with Asharq Al-Awsat, Barroso, who is also the…

Asharq Al-Awsat

Saudi Arabia Condemns Terrorist Bombings Near Chinese Institute at Karachi University

Saudi Arabia has strongly condemned the deadly terrorist bombings near a Chinese institute at the University of Karachi in southern Pakistan. The Ministry of Foreign Affairs has reiterated Saudi Arabia's solidarity with Pakistan against violence, extremism and terrorism, confirming the Kingdom’s rejection of these criminal acts, which contradict all religious…

Asharq Al-Awsat

Lucid Scores 100,000-Vehicle Order From Saudi Arabia Over Ten Years

At the beginning, the Kingdom is expected to order 1,000 to 2,000 vehicles annually, with the quantity to increase to 4,000-7,000 vehicles annually from 2025.

InsideEVs

Saudi Arabia Hosts Exhibition of the Latest 3D Sensory Innovations

Riyadh will host the Saudi Light and Sound (SLS) Expo, scheduled for May 16-18, in the first event dedicated to professional 3D lighting and sound equipment. The event is launched as a platform that enables participants to see, hear, and experience the latest technologies and illuminating innovations in lighting, sound,…

Asharq Al-Awsat

Disney is refusing to cut LGBTQ scene in Doctor Strange 2, Saudi Arabia says

Official denies Marvel film is banned but says kingdom ‘still trying’ to get Disney to cut 12 seconds referring to lesbian character with two mothers

The Guardian - AU

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Asharq Al-Awsat

Saudi Arabia, Kyrgyzstan to Sign 30 Cooperation Agreements During President's Visit to Riyadh

The upcoming visit of Kyrgyz President Sadyr Japarov to Saudi Arabia will witness the signing of 30 new draft agreements and 23 international treaties and deals to enhance comprehensive cooperation with Saudi Arabia. The third meeting of the Kyrgyz-Saudi Joint Intergovernmental Committee on high-level cooperation is scheduled to be held…

Asharq Al-Awsat

Adrian Smith Voices Excitement over Opportunities Presented by Saudi Arabia’s Urban Landscape

World renowned architect Adrian Smith said that Saudi Arabia is moving quickly towards becoming one of the most developed countries.

Asharq Al-Awsat

Saudi Arabia Expects Stronger Growth in Non-Oil Sector

Saudi Minister of Finance Mohammed al-Jadaan said he is expecting stronger-than-expected growth this year in the non-oil sector underpinned by the structural reforms under Vision 2030. Jadaan asserted that the Kingdom remains committed to prudent policies to maintain monetary and financial stability and preserve a solid fiscal position while accelerating…

Asharq Al-Awsat

Jordan, Norway FMs Discuss Efforts to Restore Calm in Jerusalem

Jordan’s Deputy Prime Minister and Foreign Minister Ayman Safadi received a telephone call on Saturday from his Norwegian counterpart, Anniken Huitfeldt, to discuss efforts to restore calm in Jerusalem and its holy sites. According to the Kingdom’s official news agency Petra, talks focused on ways to end the escalation, the…

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Asharq Al-Awsat

Saudi Industrial Activity Witnesses Remarkable Rise

Official data issued by the Saudi authorities revealed a rise in industrial investment in the Kingdom, confirming the successful endeavor to overcome the repercussions of the Covid-19 pandemic. The Ministry of Industry and Mineral Resources announced that 261 industrial facilities started their operations within the Kingdom in March, with an…

Asharq Al-Awsat

Saudi Fashion Commission Signs MoU with Fawaz Alhokair and Partners to Support Designers

The Saudi Fashion Commission has signed a Memorandum of Understanding (MoU) with Fawaz A. Alhokair and Partners Company to bolster cooperation between the two entities to support Saudi fashion designers, reported the Saudi Press Agency. The agreement was signed at the Ministry of Culture headquarters in the presence of Burak…

Asharq Al-Awsat

Saudi Arabia Stresses Importance of Cooperation to Support Global Economic Recovery

Saudi Arabia underlined the importance of international cooperation to support global economic recovery and prevent negative repercussions amid the current international circumstances. Saudi Minister of Finance Mohammad Al-Jadaan revealed the Kingdom’s continuous efforts to support people and countries in need, including its recent provision of urgent support in the amount…

Asharq Al-Awsat

Saudi GDP Expected to Grow to $895 Bln in 2025

A Saudi economic indicator announced on Wednesday its estimates that the Kingdom's GDP will reach SAR 3 trillion ($895 billion) in 2025, emphasizing the balanced growth of the national economy during the last period. The index, run by the Research and Information Center at the Chamber of Commerce and Industry…

Asharq Al-Awsat

Saudi Call for Financing First International Fund to Support Global Tourism Sector

Saudi Arabia called on donor countries to participate in financing the first international fund dedicated to supporting the tourism sector.

Asharq Al-Awsat

Saudi Cabinet Affirms Kingdom’s Support for Political Solution to Russia-Ukraine Crisis

The Saudi Cabinet on Tuesday affirmed the Kingdom’s support for efforts that led to a political solution to the Russia-Ukraine crisis to achieve security and stability. It reiterated standing by needy people around the world and alleviating their suffering, including providing urgent medical and shelter aid worth $10 million for…

Asharq Al-Awsat

Saudi Arabia Seeks to Open New Markets to Confront Global Supply Chain Crisis

The Council of Saudi Chambers (CSC) is seeking to open new markets to achieve food security for essential commodities amid the global supply chain crisis. The food supply chain crisis led to an increase in the prices of many food commodities and raw materials, and its impact included the oil…

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