The Latest Breaking News from Kingdom

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 · Apr 21, 2022

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 · Apr 20, 2022

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 · Apr 20, 2022

Saudi Crown Prince Reaffirms to Putin the Kingdom’s Support for Reaching Political Solution in Ukraine

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, received a phone call from Russian President Vladimir Putin on Saturday. During the call, the two leaders reviewed bilateral relations between the two countries and ways to boost them in various fields. The Crown Prince reaffirmed the…

Asharq Al-Awsat · Apr 16, 2022

Morocco Resorts to Liquefied Natural Gas following Algeria Pipeline Crisis

Morocco has officially entered the international liquefied natural gas (LNG) market, Energy Minister Leila Benali reveled on Friday. She told a press conference in Rabat that this is the first time the Kingdom resorts to LNG to secure its energy needs. Benali said that Morocco has agreed with Spain and…

Asharq Al-Awsat · Apr 16, 2022

Fitch Affirms Saudi Arabia’s Rating at A, Revises Outlook to ‘Positive’

Fitch Ratings revised on Thursday the outlook for Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from “stable” to “positive”, while affirming the rating at "A". The Kingdom's rating reflects improvements in the sovereign balance sheet due to higher oil revenues and commitment to fiscal consolidation. The global ratings agency…

Asharq Al-Awsat · Apr 15, 2022

Tradition forward

"Noppagao", a word that is special in Thai as it includes "gao" or "nine", which is regarded as the luckiest of all lucky numbers. At the same time, "noppagao" represents nine gems, each associated with a unique benefit or blessing. These precious stones feature in the insignia of the Kingdom's…

Bangkok Post · Apr 14, 2022

Arab Parliament Commends Saudi Support for Yemeni Economy

Arab Parliament Speaker Adel bin Abdulrahman Al-Assoumi has commended Saudi Arabia's announcement of $3 billion in financial aid to help the Yemeni economy. In a statement issued Thursday, Al-Assoumi appreciated the efforts of the Kingdom and the United Arab Emirates, their constructive initiatives and persistent endeavors in Yemen to reach…

Asharq Al-Awsat · Apr 14, 2022

Bahrain Records Improvement in Economic Sector Indicators

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…

Asharq Al-Awsat · Apr 14, 2022

Saudi Crown Prince Receives Phone Call from UN Chief

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…

Asharq Al-Awsat · Apr 14, 2022