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The Latest Breaking News from Kingdom

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

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

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

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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

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…

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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…

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Senior Scholars: Crown Prince’s Statements Reiterate Saudi Arabia’s Firm Approach Against Extremism

The General Secretariat of the Saudi Council of Senior Scholars has hailed the statements of Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, during his interview with the US-based The Atlantic magazine. During the interview, the Crown Prince reiterated that the Kingdom is based on Islam,…

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Bahrain Says Partnership with US Strengthens Regional, Global Security

Bahrain’s Crown Prince Salman bin Hamad Al Khalifa affirmed that the Kingdom and the US would continue to boost their cooperation, reiterating the importance of pushing bilateral ties to advanced levels. The Bahrain News Agency (BNA) said that during his official visit to the US, Crown Prince Salman received the…

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Saudi Arabia Ready to Mediate Between All Parties Related to Ukraine Crisis

Saudi Crown Prince Mohammed bin Salman told Russia's President Vladimir Putin in a phone call on Thursday the Kingdom is ready to exert all efforts to mediate between Russia, Ukraine and all parties related to the ongoing Ukrainian crisis, the Saudi Press Agency reported. The Crown Prince reiterated the Kingdom's…

Asharq Al-Awsat

Crown Prince: Saudi Economy to Grow Around 7% in 2023

Saudi Arabia's economy is expected to grow around 7% in 2023, Crown Prince Mohammed bin Salman said. “Next year, the whole economy is going to grow by almost 7%, he said. "Saudi is not a small country, it's a G20 country growing fast. So where is the potential in the…

Asharq Al-Awsat

Saudi Crown Prince Says There’s an Opportunity to Boost Interests with US or Downgrade Them

Saudi Crown Prince Mohammed bin Salman said the Kingdom has “a long, historical relationship with America” and that there’s “a huge opportunity to boost” all interests. “And there is also a big possibility it could be downgraded in many areas,” he said. “Whether you want to win in Saudi Arabia…

Asharq Al-Awsat

Saudi Crown Prince Announces Establishment of Global Destination for Mountain Tourism in NEOM

Crown Prince Mohammed bin Salman announced on Thursday the establishment of TROJENA, the new global destination for mountain tourism, part of NEOM’s plan and strategy to contribute to supporting and developing the tourism sector in the region. The Crown Prince, who is Chairman of the NEOM Company Board of Directors,…

Asharq Al-Awsat

Saudi King Salman Receives King of Bahrain in Riyadh

Custodian of the Two Holy Mosques King Salman bin Abdulaziz received in Riyadh on Wednesday King of Bahrain Hamad bin Isa Al Khalifa. King Salman threw a luncheon banquet in honor of his guest. King Hamad had arrived in the Kingdom earlier on Wednesday where he was welcomed at King…

Asharq Al-Awsat

Lucid to Produce 150,000 EVs Per Year in Saudi Arabia

Lucid Group signed an agreement with the Saudi Ministry of Investment, the Industrial Development Fund, and the Economic City at King Abdullah Economic City to construct a plant in the Kingdom that will produce 150,000 electric vehicles (EVs) per year. The Public Investment Fund holds a significant stake of 62…

Asharq Al-Awsat

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Saudi Arabia Stresses Commitment to Oil Market Stability

The Saudi government reiterated on Tuesday the Kingdom's commitment to the stability of the global oil market. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The ministers reviewed the telephone call received by Crown Prince Mohammed bin Salman from…

Asharq Al-Awsat

Saudi PIF Sets Framework for Green Financing

Saudi Public Investment Fund (PIF), the Kingdom's sovereign wealth fund, laid out plans on Monday for raising green debt as the world's top oil exporter strives to reach net-zero carbon emissions by 2060. The Fund published the green finance framework that will allow it to tap world markets to issue…

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Saudi Crown Prince, Nigerian President Discuss Bilateral Ties

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, held telephone talks on Monday with President of Nigeria Muhammadu Buhari. Talks focused on bilateral relations and opportunities of cooperation between the Kingdom and Nigeria and ways to develop them.

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Saudi Arabia Registers 653 New COVID-19 Cases

Saudi Arabia announced on Monday 653 new COVID-19 cases and 1,081 recoveries in the past 24 hours. The Ministry of Health (MoH) also announced two new deaths, bringing the fatalities tally in the Kingdom to 8,998. The ministry’s data showed that the total number of infections in Saudi Arabia reached…

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Asharq Al-Awsat

Saudi Crown Prince, Macron Discuss Ukraine Crisis

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, received on Sunday a telephone call from French President Emmanuel Macron. Talks focused on bilateral relations and cooperation opportunities in various fields. They also tackled the latest regional and international developments, including bolstering international peace. They addressed…

Asharq Al-Awsat

Saudi Arabia Confirms Abundance of Basic Commodities

Saudi Arabia’s Minister of Environment, Water and Agriculture and Chairman of the Food Security Committee, Abdulrahman Abdulmohsen AlFadley, confirmed that the supplies and stocks of food commodities in the Kingdom of Saudi Arabia are reassuring, and there are no concerns about abundance in the local markets against the backdrop of…

Asharq Al-Awsat

Saudi Arabia Leads Middle East Countries In Digital Services

The Federation of Saudi Chambers signed on Thursday an agreement to host the UN Global Compact Network Saudi Arabia in Riyadh, with direct support from the United Nations Resident Coordinator Office. The agreement aims to enhance the role of the private sector and the continuity of corporate sustainability efforts to…

Asharq Al-Awsat

UNGC Seeks to Attract 50 Saudi Companies for Sustainability Development Program

Asharq Al-Awsat

Kingdom’s Embassy in Ukraine Calls on Saudi Citizens to Contact it

The Saudi embassy in Kiev called on all Saudi citizens in Ukraine, who did not contact it during the previous evacuation period, to contact it as soon as possible. A foreign ministry statement said that the Kingdom is keen to protect the safety of its citizens everywhere.

Asharq Al-Awsat

Niger, Mauritania Support Saudi Bid to Host Expo 2030

Niger President Mohamed Bazoum held talks with Advisor at Saudi Royal Court Ahmed Qattan and his accompanying delegation at the presidential palace in Niamey on Tuesday. Qattan conveyed the greetings of Custodian to the Two Holy Mosques King Salman bin Abdelaziz and Crown Prince Mohammed bin Salman. During the meeting,…

Asharq Al-Awsat

King Salman: Saudi State Has Since 1727 Consolidated Foundations of Peace, Stability

Custodian of the Two Holy Mosques King Salman bin Abdulaziz stressed on Tuesday that the Saudi state has since its establishment consolidated the foundations of peace, stability and justice. King Salman made the declaration in a tweet on the occasion of Founding Day that is being celebrated in the Kingdom…

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