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The Latest Breaking News from Kingdom

Saudi Founding Day Logo: Symbols Expressing Details of an Era

The Saudi flag, the palm tree, the falcon, the Arabian horse, and the market are five important symbols that reflect a lively heritage as the “Saudi Founding Day” logo. These are more than symbols because they carry a rich history of how the Kingdom was unified in 1727. Palm Tree…

Asharq Al-Awsat

Saudi Founding Day Set to Witness Host of Events

Saudi cities will mark the Kingdom’s founding day on Tuesday with a host of events that take pride in the solid roots of the state, which span more than three centuries, and celebrate the close association of Saudi citizens with their leaders since the formation of the Saudi state in…

Asharq Al-Awsat

Saudi Aramco Shares Soar Over 4%

Shares in Saudi Aramco soared over 4 percent to an all-time closing high in Monday’s trading session on the Saudi stock exchange. Saudi Aramco rose 4.1 percent to a record closing high of 39.25 riyals ($10.4). Its market cap exceeded 7.8 trillion riyals ($2.1 trillion). Last week, Crown Prince Mohammed…

Asharq Al-Awsat

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Saudis Celebrate Kingdom's Founding 3 Centuries Ago

Saudis celebrate on Tuesday the founding of the Kingdom 300 years ago by the first founder, Imam Mohammad bin Saud, on February 22, 1727. Custodian of the Two Holy Mosques King Salman bin Abdulaziz had issued an unprecedented Royal Decree in January declaring February 22 as Saudi Founding Day. It…

Asharq Al-Awsat

Saudi, Egyptian Housing Ministers Review Urban Projects

Egypt’s Minister of Housing, Utilities, and Urban Communities, Assem el-Gazzar, visited Saudi Arabia and inspected major housing projects in Madinah. A press statement issued by the Egyptian Ministry said that the Minister listened to a detailed explanation of the residential projects in the city and other housing projects that the…

Asharq Al-Awsat

Arab Parliament Selects NEOM as Best Arab Project

The Arab Parliament has selected the Saudi city of NEOM as the best Arab project to achieve sustainable development in 2022. NEOM was chosen for promoting the concept of the future and sustainable development, as one of the models for building generations, creating smart cities, and supporting efforts to preserve…

Asharq Al-Awsat

Saudi Arabia to Provide Financial, Logistical Support to Investors in Tourism

Saudi Arabia’s Tourism Development Fund said it was ready to partner with the chambers of commerce and the relevant sectors to promote the tourism industry and achieve projects’ sustainability. The Fund aims to enable one of the most vital sectors in the Kingdom, attract tourism investments and stimulate developments, in…

Asharq Al-Awsat

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Star Rally Racers Ignite ‘Desert X Prix’ in NEOM

Witnessing the participation of a group of the most prominent stars of rally racing, led by Qatar’s Nasser Al-Attiyah, Spain’s Carlos Sainz and Sweden’s Timmy Hansen, Extreme E Season 2 for electric SUVs is set to kick off with the Desert X Prix in NEOM on Feb.

Asharq Al-Awsat

Arab Inter-Parliamentary Union Condemns Houthi Attacks on Saudi Arabia, UAE

The Arab Inter-Parliamentary Union has strongly condemned the Houthi militia attempts to harm the people, territory and sovereignty of Saudi Arabia and the UAE. This came in a statement following the union’s 32nd conference in Cairo on Friday, during which Sheikh Abdullah Al-Asheikh, the speaker of Saudi Arabia’s Shoura Council,…

Asharq Al-Awsat

Saudi Arabia’s Venture Capital Investments Achieve 770% Growth

A recent Saudi report revealed that the Kingdom’s venture capital investments achieved a growth of 770 percent, reaching a record-high of SAR 2 billion $548 million, up from SAR 236 million in 2018. The Saudi Venture Capital Impact report also showed that the number of investors in Saudi startups rose…

Asharq Al-Awsat

Saudi Arabia Supports Efforts To Develop Innovative Cultural Policies

Saudi Culture Minister Prince Badr bin Abdullah bin Farhan said that the Kingdom supports local, regional and international efforts to develop innovative cultural policies and promote the role of the cultural sector as a major factor of sustainable development. The minister’s remarks came during a high-level ministerial session of the…

Asharq Al-Awsat

Saudi Arabia, Oman Sign MoU in Food and Water Security

The Kingdom of Saudi Arabia and the Sultanate of Oman signed on Thursday a Memorandum of Understanding (MoU) to build relations of partnership and integration in order to achieve the strategic goals of the two countries on food and water security, the Saudi Press Agency reported. The MoU was co-signed…

Asharq Al-Awsat

Romanian Energy Minister: Saudi Arabia Expedites Global Energy Industry Ambitions

Romanian Energy Minister Virgil Daniel Popescu revealed plans for launching a gas pipeline from Azerbaijan through the Caspian Sea region, using the link between Romania and Hungary to the Central European markets. This comes at a time the world and Europe face uncertainty regarding the supply of Russian oil and…

Asharq Al-Awsat

Saudi Arabia Approves Licensing of New Digital Bank

Saudi Arabia’s central bank announced on Tuesday that the government has approved the licensing of a third digital bank, called D360 Bank, with a capital of 1.65 billion riyals ($440 million). It added that the Kingdom’s Public Investment Fund (PIF) was part of the consortium of companies and investors launching…

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi Arabia to Enhance National Products’ Competitiveness in Global Markets

The Saudi Ministry of Industry launched the Made in Saudi Arabia exhibition, meanwhile, experts expect the industrial sector in the Kingdom to grow by 5 to 6 percent, in parallel with an increase in global partnerships thanks to the competitiveness of national products. Held under the slogan of “Our Industries,…

Asharq Al-Awsat

Saudi Arabia Launches Portal for Registering Agricultural Investments Abroad

The Saudi Ministry of Environment, Water, and Agriculture (MEWA) launched the Registration of Agricultural Investments Abroad portal to assess the capabilities to develop agricultural and animal sector activities. Minister of Environment, Water and Agriculture Abdul Rahman al-Fadley inaugurated the portal in the presence of the Governor of the Saudi Grains…

Asharq Al-Awsat

Saudi Arabia, Cyprus Discuss Joint Cooperation, Combating Terrorism

Cyprus' President Nicos Anastasiades held talks in Nicosia on Sunday with Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah. Discussions focused on cooperation between their countries and ways to develop it in all fields. They also tackled elevating relations to broader horizons in line with the Kingdom's Vision 2030…

Asharq Al-Awsat

Madinah to Host 120 Startups During Int’l Investment Forum

King Salman International Conference Center in Madinah will host 120 startups, including 60 global companies, in the Startup Investment Forum (SIF) from February 21 to 23. The Small and Medium Enterprises General Authority (Monshaat) recently launched the Accelerator and Startup Studio Funds, which targets promising technology fields such as e-commerce,…

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Asharq Al-Awsat

Saudi Crown Prince Says 4% of Aramco Shares Moved to Sovereign Wealth Fund

Saudi Arabia's Crown Prince Mohammed bin Salman announced the transfer of 4% of Saudi Aramco shares to the Public Investment Fund, Saudi Arabia's sovereign wealth fund, state news agency SPA reported on Sunday. The Crown Prince said the state remains the largest shareholder in Saudi Aramco after the transfer process,…

Asharq Al-Awsat

Saudi Arabia Urges its Citizens to Leave Ukraine

Saudi Arabia urged on Saturday its citizens in Ukraine to leave the country immediately. The Kingdom's embassy in Kyiv also called on all Saudis to delay travel to Ukraine. It said Saudis in Ukraine must contact it immediately to facilitate their departure. Kuwait on Saturday had called on its citizens…

Asharq Al-Awsat

Saudi Arabia, Indonesia Discuss Ways to Enhance Cooperation

Crown Prince Mohammed bin Salman bin Abdulaziz, Deputy Prime Minister and Minister of Defense, has made a phone call to Indonesian President Joko Widodo, the Saudi Press Agency reported. During the phone conversation, they reviewed the bilateral relations between the two countries, and discussed ways to enhance cooperation between the…

Asharq Al-Awsat

Saudi Arabia Pushes for Oil Market Balance, Stability

Saudi Arabia is exerting strenuous efforts to achieve the stability of the oil sector in the global economy, experts told Asharq Al-Awsat. Custodian of the Two Holy Mosques King Salman bin Abdulaziz stressed, during a telephone call with US President Joe Biden on Wednesday, the importance of maintaining the balance…

Asharq Al-Awsat

Saudi Arabia Completes Institutional Transformation of its Airports

Saudi Arabia has completed the institutional transformation of its airports towards improving the passenger experience aiming to become among the most competitive airports in the world. The General Authority of Civil Aviation (GACA) and Matarat Holding Company announced the completion of the institutional transformation of 25 of the Kingdom's airports…

Asharq Al-Awsat

King Salman, Biden Reaffirm Strong Strategic Ties in Phone Call

King Salman received a call from US President Joe Biden on Wednesday, during which the two leaders reaffirmed the historic and strategic ties between the Kingdom and the United States. They discussed the need to strengthen cooperation and achieve stability in the region and world. Biden stressed the US commitment…

Al Jazeera

Biden pledges US support against Houthi attacks to Saudi king

US president speaks by phone to Saudi King Salman amid intensifying Yemeni rebel attacks on the Gulf kingdom.

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