The Latest Breaking News from Kingdom

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…

Asharq Al-Awsat · Mar 9, 2022

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 · Mar 8, 2022

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 · Mar 8, 2022

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…

Asharq Al-Awsat · Mar 7, 2022

Saudi Arabia Local Industry Secured $21 Billion in Investment in 2021, Says Minister

Saudi Arabia attracted 81 billion riyal ($21.6 billion) of investments in the industrial sector in 2021 for both the private sector and joint ventures with government entities, the Saudi industry minister said on Monday. The Kingdom has set itself high targets for diversifying its economy and reducing its dependence on…

Asharq Al-Awsat · Mar 7, 2022

Int’l Companies Eye Development of Saudi Defense Industries

Several international defense companies have voiced their aspirations for participating in Saudi Arabia’s journey to develop its military industry through localizing technologies, productions, and jobs and expanding the vocational training sector in the Kingdom’s defense sector. These companies are partaking in the four-day defense exhibition, the World Defense Show (WDS),…

Asharq Al-Awsat · Mar 7, 2022

Saudi Stocks Rise after Kingdom Lifts COVID-19 Restrictions

Saudi Arabian shares closed higher on Sunday, tracking a rise in oil prices as the Kingdom lifted all COVID-19 restrictions, and the conflict in Ukraine intensified. Saudi Arabia's benchmark index ended up on a 0.4 percent rise, the highest peak recorded in July 2006, buoyed by petrochemical and energy stocks,…

Asharq Al-Awsat · Mar 7, 2022

Majida El Roumi Holds Her First Concert in Riyadh

Renowned Lebanese soprano Majida El Roumi mesmerized her fans at her first concert in Riyadh that was organized by Rotana and is part of the Riyadh Season. "We have come to send a message of love to the Kingdom, which was and still is a sanctuary that embraces Lebanese talent,…

Asharq Al-Awsat · Mar 6, 2022

Saudi Arabia Lifts All COVID-Related Restrictions

Saudi Arabia announced on Saturday it was lifting all coronavirus-related restrictions, effective immediately at the recommendation of health authorities. In a statement, the Interior Ministry highlighted the Kingdom's success in combating the pandemic, crediting it to the unlimited support accorded by the leadership and the successful vaccination campaign. Restrictions will…

Asharq Al-Awsat · Mar 6, 2022

Saudi Financial Sector Sees Remarkable Development

Saudi Finance Minister Mohammed Al-Jadaan said that work was underway to develop the financial sector in order to keep pace with the major transformations and enable the Kingdom to become one of the world’s largest financial hubs by 2030. Al-Jadaan, who heads the Financial Sector Development Program Committee in the…

Asharq Al-Awsat · Mar 5, 2022