The Latest Breaking News from Kingdom

Gulf, Arab States Welcome Yemeni President’s Decision to Transfer Powers to New Leadership Council

A number of Gulf and Arab states on Thursday welcomed the Yemeni president's decision to transfer his powers to a new presidential council. Saudi Arabia welcomed the announcement of Yemeni President Abd Rabbo Mansour Hadi on launching the presidential council under the Yemeni constitution and the Gulf initiative and its…

Asharq Al-Awsat · Apr 7, 2022

Saudi Arabia Expands Licensing of Foreign Currencies Trade

The Saudi Central Bank (SAMA) announced on Wednesday the licensing of the Al Tabdeel Co.

Asharq Al-Awsat · Apr 7, 2022

Saudi Arabia Announces $3 Billion in Urgent Support to Yemen

Saudi Arabia welcomed the announcement of Yemeni President Abd Rabbo Mansour Hadi on launching the Presidential Council under the Yemeni constitution and the Gulf initiative and its executive mechanisms. The Kingdom confirmed its full support for the Presidential Council and its supporting entities to enable it to exercise its duties…

Asharq Al-Awsat · Apr 7, 2022

STC Solutions Announces Binding Offer to Acquire Giza Systems Co.

Saudi Arabian Internet and Communications Services Co. (solutions by STC) announced a binding offer to acquire 89.49% of Giza Systems Co.

Asharq Al-Awsat · Apr 5, 2022

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 · Apr 4, 2022

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 · Apr 2, 2022

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 · Apr 2, 2022

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 · Apr 2, 2022

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 · Apr 1, 2022

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 · Apr 1, 2022