The Latest Breaking News from Kingdom

Bahrain’s Ministry of Finance and National Economy has announced continued improvement in the financial and economic indicators of various economic sectors during Q1 2022, exceeding the pre-pandemic 2019 benchmarks. This improvement comes in line with the Kingdom’s launching of its economic recovery plan, which includes initiatives and strategies targeting several…

Crown Prince Mohammed bin Salman bin Abdulaziz, Deputy Prime Minister and Minister of Defense, received a phone call on Wednesday from UN Secretary-General Antonio Guterres, the Saudi Press Agency reported. During the telephone conversation, they discussed the regional and international developments, it said. The UN chief expressed his gratitude for…

Saudi Arabia has asked investors to maintain environmental and social standards and contribute to social responsibility. Following the new investment law, Riyadh asserted that new investors must work from their headquarters inside the Kingdom, provided that the Ministry of Investment facilitates the required procedures. Asharq Al-Awsat learned that the Federation…

SAMI group, a wholly owned subsidiary of the Public Investment Fund and the Kingdom’s national defense localization champion, has announced a preliminary agreement with Boeing. Under the terms of the agreement, both companies will enter into a Kingdom-focused joint venture. The announcement was made at a signing ceremony during the…

The announcement made by Lucid Group, an American electric vehicle manufacturer, on signing several agreements with Saudi government agencies, paving way for laying the groundwork for a full production factory in Saudi Arabia, is an important step that shows the competitiveness of the Kingdom in becoming a perfect investment destination…

Saudi Arabia will let up to 1 million people join the Hajj pilgrimage this year, greatly expanding the key event to participants from outside the Kingdom, state media said on Saturday. Pilgrims to Makkah this year must be under age 65 and fully vaccinated against the coronavirus, the ministry of…

Saudi Crown Prince Mohammed bin Salman met on Thursday with the president and members of the newly formed Yemeni Presidential Leadership Council, expressing the Kingdom’s hope that its establishment would turn a new page in Yemen. The Crown Prince further stressed Saudi Arabia’s keenness on supporting the country’s security and…

Prime Minister Pedro Sanchez met with Moroccan King Mohamed VI during an Iftar banquet in the royal residence in Rabat on Thursday, signaling the end of diplomatic tensions centered on Morocco’s disputed region of Western Sahara. Sanchez had arrived earlier in Morocco for a visit to the Kingdom at the…

Saudi Arabia announced Thursday the return of its ambassador back to Lebanon. The Saudi foreign ministry said the Kingdom made the decision after the “calls and appeals of the moderate national political forces in Lebanon.” The Kingdom also said Lebanon had agreed to “stop all political, military and security activities…