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The Latest Breaking News from Kingdom

Saudi Arabia Adopts Measures to Strengthen Food Security

The Saudi Agriculture Development Fund has approved several loans, worth over SR861 million ($229 million), to finance working capital for the import of agricultural products, within endeavors to strengthen food security in the Kingdom. The Fund’s Vice Chairman and General Manager, Munir bin Fahd Al-Sahli, stated that the approval of…

Asharq Al-Awsat

Saudi Arabia looks forward to welcoming Blinken in near future - ministry

Saudi Arabia looks forward to welcoming U.S. Secretary of State Antony Blinken in the near future to strengthen ongoing "positive" discussions, though no meeting has been scheduled yet in Riyadh, an official from the Kingdom's foreign ministry said on Friday.

Reuters

Saudi Crown Prince Stresses Importance of Maintaining OPEC+ Agreement

Saudi Arabia’s Crown Prince Mohammed bin Salman stressed the importance of maintaining the OPEC+ agreement and the kingdom’s keenness on keeping oil markets balanced and stable. This came during a phone call he held Thursday with the Japanese prime minister, Fumio Kishida. During the call, they discussed potential opportunities for…

Asharq Al-Awsat

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Saudi GDP Registers Highest Growth Since 2012

The Saudi General Authority for Statistics (GASTAT) said on Wednesday that the Kingdom’s gross domestic product rose by 6.7 percent in the fourth quarter of 2021, while growth across the whole year increased by 3.2 percent, the highest jump achieved in nearly a decade. The growth was to a large…

Asharq Al-Awsat

Saudi Arabia Welcomes Setting March 15 Int’l Day to Combat Islamophobia

Saudi Arabia welcomed the United Nations General Assembly’s decision to set March 15 as the International Day to Combat Islamophobia. The Kingdom will continue to work with all brotherly and friendly countries and partners from regional and international organizations to support efforts aimed at promoting dialogue among religions and civilizations,…

Asharq Al-Awsat

Bahrain Targets 5% Increase in Non-Oil Sector

Bahrain targets a 5% increase in the non-oil economic sector in 2022, said a report published by the Bahrain News Agency BNA. It pointed out that the contributions of non-oil activities to the Kingdom’s GDP increased from 58% in 2002 to 81% in 2020, up $33 billion.

Asharq Al-Awsat

SAMF Signs Sponsorship Contract for Formula 1 stc Saudi Grand Prix

The Saudi Automobile and Motorcycle Federation (SAMF) has announced the signing of a sponsorship agreement with Bank Albilad to become a strategic sponsor of Formula 1 Race in the Kingdom, through Saudi Motorsport Company (SMC). The agreement was signed in Riyadh between Prince Khalid bin Sultan bin Abdullah Al-Faisal, Chairman…

Asharq Al-Awsat

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Saudi Arabia Seeks New Markets, Promising Investments in Africa

Saudi Minister of Commerce, Majid al-Qasabi underscored the Kingdom's readiness to support cooperative efforts to achieve economic and social development in Arab and African countries. Speaking at the 3rd meeting of the Governance Council of the Arab-African Trade Bridges Program (Jusoor) in Cairo, Qasabi stressed that Vision 2030 seeks to…

Asharq Al-Awsat

Riyadh, Vienna Eye More Cooperation, Promoting Environmental, Water Protection

Austrian Minister for Digital and Economic Affairs Margarete Schramböck clearly admitted that the current Russian-Ukrainian war has exposed Europe’s urgent need for a roadmap that accommodates economic diversification, especially in the energy sector, to secure its demands. This need made her visit to Saudi Arabia vital to finding the best…

Asharq Al-Awsat

Saudi Arabia Eyes Increasing Foreign Investments 20-Fold

Saudi Minister of Investment Khalid Al-Falih announced that the implementation of the Kingdom's National Investment Strategy increases the volume of foreign investment 20 times, stressing that the Kingdom established new reforms to attract quality investments. Speaking at the first Saudi-Austrian Business and Investment Forum in Riyadh, the minister confirmed that…

Asharq Al-Awsat

Saudi Crown Prince Launches New Strategy for National Development Fund

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister, and Chairman of the National Development Fund (NDF), launched on Monday the Fund’s strategy. The strategy was announced during a meeting of the NDF’s Board of Directors. The strategy aims to make the fund a pivotal enabler for the economic and…

Asharq Al-Awsat

Faces of 81 Saudi Arabians killed for 'following the path of Satan' in mass execution

Many of the Saudis, and seven Yemenis were executed for violent crimes, including the murder and "mutilation" of Saudi security agents, conspiracy to blow up an oil refinery, and the smuggling of arms and explosives into the Kingdom

Daily Mirror

Saudi-Greek Map Establishes Effective Economic, Trade Partnership

Saudi Arabia and Greece aim to increase their economic, investment, and trade cooperation. The Saudi Ministry of Investment organized Sunday the Saudi-Greek Investment Forum in Riyadh, with top officials, executive directors of several large Saudi and Greek companies, and representatives of the private sector from both sides. The event aims…

Asharq Al-Awsat

Saudi Arabia Strongly Condemns Missile Attack on Erbil

Saudi Arabia strongly condemned on Sunday a missile attack on Iraq’s northern Kurdish regional capital of Erbil. The Saudi Foreign Ministry said the Kingdom stands by Iraq in its measures to protect its security and stability. It also rejected all forms of violence, extremism and terrorism.

Asharq Al-Awsat

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Asharq Al-Awsat

Riyadh to Host Global Entrepreneurship Congress 2022

Saudi Arabia will host the Global Entrepreneurship Congress, under the patronage of Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense. The three-day event, which is organized by the General Authority for Small and Medium Enterprises (Monsha’at), in collaboration with the Global Entrepreneurship Network, will be held…

Asharq Al-Awsat

Defense Aircraft Maintenance Focal Interest of Saudi Companies

Defense aircraft maintenance dominated the interests of Saudi companies at the World Defense Show (WDS) in the Saudi capital, Riyadh.

Asharq Al-Awsat

Egyptian-Saudi Trade Grows 66%

The value of trade exchange between Egypt and Saudi Arabia increased by 66.1% in the first 11 months of 2021, amounting to $8.3 billion compared to five billion during the same period in 2020, data from the country's statistics agency CAPMAS showed Tuesday. During the same period in 2021, Egypt’s…

Asharq Al-Awsat

Saudi Govt Reiterates Kingdom's Readiness to Mediate in Ukraine Crisis

The Saudi government reiterated on Tuesday the Kingdom's readiness to mediate between all parties in the Ukrainian crisis. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The ministers highlighted the telephone talks Crown Prince Mohammed bin Salman, Deputy Prime…

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Asharq Al-Awsat

Global Defense Companies Discuss Relocating Regional HQs to Saudi Arabia

The Saudi Ministry of Investment signed 12 memoranda of understandings (MoUs) in the aerospace and defense sectors during the World Defense Show. The four-day event, organized by the General Authority for Military Industries, was launched in Riyadh on Sunday. The partnerships aim to advance manufacturing and systems development, promote technology…

Asharq Al-Awsat

Princess Nourah Prize Highlights Saudi Women’s Excellence

While Riyadh celebrates Saudi women on International Women’s Day, eyes turn to the Princess Nourah bint Abdulrahman University (PNU), which is honoring the winners of Princess Nourah bint Abdulrahman University Prize for Women’s Excellence in its fourth edition. According to Mody AlKhalaf, the secretary-general of the award, the PNU prize…

Asharq Al-Awsat

Saudi Tripartite Agreement to Encourage Tourism Investment

The Saudi Ministries of Tourism and Environment and the Tourism Development Fund signed a memorandum of understanding (MoU) to enhance cooperation and encourage investment in the tourism sector in the Kingdom in line with the objectives of the national tourism strategy to contribute to achieving the goals of Vision 2030.…

Asharq Al-Awsat

Saudi Women Are Partners in Kingdom’s Development

The world celebrates International Women’s Day on March 8 to recognize women’s achievements, their essential role in the world, and supporting gender equality. The day marks public respect and appreciation of women for their economic, political, and social achievements. On International Women’s Day, Asharq Al-Awsat monitored reform steps taken by…

Asharq Al-Awsat

Oshkosh Defense Delivered 7,000 Military Vehicles in the Region

John Lazar, vice president and general manager of international programs at US-based Oshkosh Defense, underlined the company’s commitment to localizing Saudi Arabia’s defense and security industries, noting that the Kingdom constituted an attractive investment environment for the transfer of technologies and industries in the sector. In remarks to Asharq Al-Awsat,…

Asharq Al-Awsat

Hana Al Omair: Filmmaker Inspired by Writing

When documenting the history of Saudi cinema, director Hana Al Omair emerges as one of the top figures who have fought and strived to consolidate the industry. She is still forging ahead in her mission of ensuring the prosperity of filmmaking in the Kingdom, especially after her appointment as chairwoman…

Asharq Al-Awsat

Saudi Crown Prince Launches Custodian of the Two Holy Mosques Scholarship Program Strategy

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Chairman of the Human Capability Development Program Committee, launched on Monday the Strategy of the Custodian of The Two Holy Mosques Scholarship Program. The Strategy marks the beginning of a new era in the scholarship program that will contribute to…

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