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The Latest Breaking News from Kingdom

KAUST Launches Green Roads Initiative for Sustainable Development

The King Abdullah University of Science and Technology (KAUST) launched last week the Green Roads Initiative in Thuwal, aimed at protecting the environment and improve sustainable development that contributes to fulfilling a key goal of the Saudi Vision 2030. The Initiative is led by a Social Responsibility team, which is…

Asharq Al-Awsat

Adeer Company Sells Real Estate Project at $480 Million East of Saudi Arabia

Saudi Arabia’s Adeer Real Estate Company announced selling Sumou Al-Khobar project east of the Kingdom for more than SAR1.8 billion ($480 million) during the public auction it organized on Thursday. CEO of Adeer Mutab Al Saad said the auction’s success underlines the advantages that the project enjoys, including its strategic…

Asharq Al-Awsat

Saudi Arabia Welcomes Announcement of Yemen Truce

Saudi Arabia welcomed on Saturday an announcement made by the UN Special Envoy of the Secretary-General for Yemen, Hans Grundberg, for a truce in Yemen, under which all forms of military operations in the country and on the Saudi-Yemeni border will be halted. The Saudi Ministry of Foreign Affairs said…

Asharq Al-Awsat

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King Salman Says Ramadan Brings Relief after COVID-19 Hardship

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, greeted citizens and expatriates in the Kingdom and Muslims all over the world on the occasion of the advent of the holy month of Ramadan. In a speech delivered on his behalf by the Acting Minister of Media Majid…

Asharq Al-Awsat

Saudi Arabia Declares Saturday First Day of Ramadan

Saudi Arabia declared on Friday that Saturday was the first day of the holy fasting month of Ramadan. "Tomorrow, Saturday, will be the first day of the blessed month of Ramadan," the Kingdom said Friday, in a statement carried by the official SPA news agency. Bahrain, Kuwait, Qatar and the…

Asharq Al-Awsat

Saudi Arabia Approves Project to Boost Competitiveness of Gulf Mining Sector

The Saudi government recently approved the unified general guiding principles for mining for the Gulf Cooperation Council (GCC) countries. The principles were adopted by the GCC Petroleum Cooperation Committee at its 36th meeting in November 2020. According to official information, the new procedure will boost the competitiveness of the mining…

Asharq Al-Awsat

Saudi Deposit Promotes Stability of Egypt’s Foreign Exchange Market

With Saudi Arabia’s announcement of a $5 billion deposit with the Central Bank of Egypt on Wednesday, sources told Asharq Al-Awsat that this move would enhance the stability of the foreign exchange market and consolidate the Egyptian economy amid severe pressure on the Egyptian pound. In a statement published by…

Asharq Al-Awsat

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King Salman: Umm Al-Qura Witnessed the Establishment of Saudi Arabia, Rose with Its Great Renaissance

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, affirmed on Wednesday the grace and blessings bestowed upon the Kingdom of Saudi Arabia in embracing the Two Holy Mosques and serving pilgrims, Umrah performers and visitors, which is the approach of this country since it was founded by…

Asharq Al-Awsat

Saudi Arabia Calls for Sighting Ramadan Crescent Moon on Friday

Saudi Arabia’s Supreme Court has called on all Muslims throughout the Kingdom to sight the crescent moon of the holy month of Ramadan on Friday evening, state news agency (SPA) reported. The Supreme Court called on whoever sights the crescent moon by naked eyes or through binoculars to report to…

Asharq Al-Awsat

Thai Labor Ready to Enter Saudi Market

The Thai Ministry of Labor established a center specialized in rehabilitating and training workers in all professions, signaling the revival of relations and the entry of Thai labor into the Saudi market. Thai Minister of Labor Suchart Chomklin stated that many Thai nationals work in Japan, South Korea, Taiwan, and…

Asharq Al-Awsat

Saudi ‘Jada’ Plans Attractive Investment Funds in NEOM

Saudi Arabia’s Jada Fund of Funds plans launching funds to attract investments in favor of NEOM, revealed Jada CEO Adel Al-Ateeq. “We are looking to increase the volume of Jada’s investment by more than SAR 4 billion ($1.06 billion),” Al-Ateeq told Asharq Al-Awsat.

Asharq Al-Awsat

Saudi Arabia Launches Campaign for Its Bid to Host Expo 2030 Riyadh

The Saudi capital Monday launched an ambitious global campaign for its bid to host the Expo 2030 Riyadh at a dazzling closing ceremony of the Kingdom’s pavilion at Expo 2020 Dubai. This campaign comes after Crown Prince Mohammad bin Salman having announced last October that Riyadh had submitted an official…

Asharq Al-Awsat

GEC Witnesses $8 Billion in Agreements, Investments to Support Saudi Entrepreneurship

The Global Entrepreneurship Congress (GEC), held in Riyadh, witnessed several agreements and investments worth almost $8 billion on its second day. The agreements aim to support entrepreneurship in various fields and enhance the Kingdom's position as an attractive environment for pioneers, innovators, and creators worldwide. Global Entrepreneurship Congress (GEC), launched…

Asharq Al-Awsat

Saudi Entities Coordinate to Facilitate Issuing 'Entrepreneurship' Licenses in the Kingdom

Saudi Minister of Investment Khalid al-Falih announced that visiting Saudi Arabia in 2030 will be an opportunity for work, stability, investment, and future building. Falih indicated that the economic development in the Kingdom would lead to the development of the entire region, noting that Ministries of Investment and Commerce are…

Asharq Al-Awsat

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Asharq Al-Awsat

King Salman Sponsors 'Umm al-Qura' Centennial on Wednesday

Custodian of the Two Holy Mosques King Salman bin Abdulaziz will sponsor on Wednesday the centennial celebration of the Umm al-Qura newspaper. Governor of the Makkah region Prince Khalid al-Faisal will represent King Salman at the event, which is being held by the Media Ministry. The Kingdom's official gazette, Umm…

Asharq Al-Awsat

Saudi FM, Blinken Discuss Bolstering Saudi-US Strategic Relations

Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan received a phone call from the US Secretary of State Antony Blinken on Monday. During the call, the two officials discussed the strategic relations between the Kingdom and the US and ways to boost them in all fields to serve the interests…

Asharq Al-Awsat

Saudi Arabia Aims to 'Reboot, Rethink, and Regenerate' Entrepreneurship

The Global Entrepreneurship Congress (GEC) seeks to benefit from Saudi Arabia as a platform to reboot, rethink, and regenerate the entrepreneurship system at the international level. Speakers at the conference reiterated that economic strength depends on the sector's development to return to the economies of countries positively. The conference witnessed…

Asharq Al-Awsat

Saudi Arabia Aspires to Lead Global Entrepreneurship in Green Technologies, Nuclear Energy

The Global Entrepreneurship Congress (GEC) kicked off in Riyadh under the patronage of Crown Prince Mohammed bin Salman, Deputy Prime Minister and Chairman of the Council for Economic and Development Affairs, amid unanimous agreement that Saudi Arabia has become an ideal platform for launching entrepreneurs in all sectors. During the…

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Asharq Al-Awsat

Lebanese Officials Say Houthi Attacks Against Saudi Arabia are 'Absolute Criminality'

Lebanese officials and politicians condemned the attack on Saudi oil facilities in Jeddah, saying it is an absolute crime. The officials expressed their solidarity with Saudi Arabia, calling on the international community to deter Houthi attacks. The Lebanese Grand Mufti, Sheikh Abdul Latif Derian, condemned the aggression against the Kingdom…

Asharq Al-Awsat

S&P Revises Saudi Arabia's Outlook to 'Positive'

Rating agency S&P has revised Saudi Arabia’s outlook to “positive” from “stable”, affirming the kingdom’s long-term foreign currency debt rating at “A-/A-2.” “The positive outlook reflects our expectation of improving GDP growth and fiscal dynamics over the medium term, tied to the country’s emergence from the COVID-19 pandemic, improved oil…

Asharq Al-Awsat

Arab Coalition Launches Military Operation to Neutralize Threats against Saudi Oil Facilities

The Saudi-led Arab coalition announced on Saturday the launch of a military operation to neutralize threats against oil facilities in the Kingdom and protect global energy sources. It carried out air strikes against sources of threats in Yemen's Sanaa and Hodeidah, it added. The operation was launched in wake of…

Asharq Al-Awsat

Gulf, Arab Countries Condemn Houthi Attacks Against Saudi Arabia

Gulf and Arab countries condemned on Friday the terrorist attacks by the Iran-backed Houthi militias in Yemen against Saudi Arabia. The Houthis had launched several drones and ballistic missiles at the Kingdom's southern and eastern regions, targeting civilian and oil infrastructure. The United Arab Emirates strongly denounced the attacks, accusing…

Asharq Al-Awsat

Sisi Contacts Saudi Crown Prince to Condemn Houthi Attacks

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, received on Friday a telephone call from Egyptian President Abdul Fattah al-Sisi. Sisi condemned the terrorist attacks committed by the Iran-backed Houthi militias in Yemen against the Kingdom's civilian sites and oil facilities. He stressed Cairo's solidarity…

Asharq Al-Awsat

Arab Coalition Says Saudi Arabia Targeted by 16 Attacks, Warns Houthis Against Testing its Patience

The Saudi-led Arab coalition announced on Friday that the Iran-backed Houthi militias in Yemen had carried out 16 attacks against the Kingdom. It warned them against continuing their grave violations and of testing the patience of the coalition. The coalition announced that Saudi defenses shot down 12 armed drones and…

Asharq Al-Awsat

Saudi Defenses Destroy 9 Armed Drones Fired at Kingdom

The Saudi-led Arab coalition said on Friday that Saudi defenses shot down nine armed drones fired at the Kingdom. It said the aircraft were aimed at civilian locations and energy facilities. It accused the Iran-backed Houthi militias in Yemen of being behind the failed attack, blaming them for threatening regional…

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