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The Latest Breaking News from Riyadh

After Iran, Saudi Arabia to re-establish ties with Syria, sources say

Syria and Saudi Arabia have agreed to reopen their embassies after cutting diplomatic ties more than a decade ago, three sources with knowledge of the matter said, a step that would mark a leap forward in Damascus's return to the Arab fold.

Reuters

Saudi Arabia Works on Strengthening Legislation Frameworks to Combat Money Laundering

Saudi authorities have been keen on strengthening legislative and regulatory frameworks to combat money laundering crimes, confirmed Deputy Governor for Supervision at the Saudi Central Bank (SAMA) Yazeed AlSheikh. Speaking at the 14th Compliance and Anti-Money Laundering (CAML) seminar in Riyadh, AlSheikh reaffirmed that the Kingdom attaches great importance to…

Asharq Al-Awsat

Saudi FM Holds Talks with Kuwaiti Counterpart in Riyadh

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah held talks in Riyadh on Wednesday with his Kuwaiti counterpart Sheikh Salem Abdullah Al-Jaber Al-Sabah, reported the Saudi Press Agency, They tackled the strong solid relations between Saudi Arabia and Kuwait and ways to support and develop them in various fields.…

Asharq Al-Awsat

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King Salman Arrives in Jeddah

Custodian of the Two Holy Mosques King Salman bin Abdulaziz arrived in Jeddah on Wednesday from Riyadh. He was welcomed at King Abdulaziz International Airport by Prince Badr bin Sultan bin Abdulaziz, Deputy Governor of Makkah Region, reported the Saudi Press Agency. King Salman was accompanied by Prince Khalid bin…

Asharq Al-Awsat

Saudi Arabia Underscores Values of Coexistence, Mutual Respect Among Peoples

The Saudi government reiterated on Tuesday the Kingdom’s firm stance that calls for bolstering coexistence and mutual respect between people around the world. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The ministers highlighted the Kingdom’s participation at the…

Asharq Al-Awsat

War-weary Yemenis greet Saudi-Iran deal with caution

Riyadh and Tehran may have moved to bury some of their differences, but it is unclear whether same will happen in Yemen.

Al Jazeera

GCC Stresses Importance of Strengthening Relations with Russia

Gulf Cooperation Council (GCC) Secretary General Jassem Mohamed Albudaiwi held talks in Riyadh on Monday with Russian Ambassador to Saudi Arabia Sergey Kozlov. Albudaiwi stressed the importance of strengthening GCC-Russian relations in all fields to serve common interests. The officials also discussed international developments of interest.

Asharq Al-Awsat

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Saudi Arabia releases US national from prison, says son

Saudi authorities have released a U.S. citizen jailed for 19 years for posting criticism of the government on Twitter but he remains banned from travelling, his son said, as the kingdom moves to ease tension with the United States.

Reuters

Analysis: Iran’s influence prevents Iraq’s Arab reintegration

Ties between Iraq and the Gulf Arab monarchies have warmed in recent years, but Iran ultimately has more influence.

Al Jazeera

Saudi Arabia, Türkiye Announce Engineering Automation Project for the Middle East

The Saudi-Turkish Business Forum has set a goal of exceeding $10 billion in the trade exchange between Riyadh and Ankara. The event witnessed the signing of several cooperation agreements in industrial development, and announcement of the establishment of a joint engineering automation project that will be implemented in the Middle…

Asharq Al-Awsat

Iran says President Raisi has been invited to visit Riyadh

Iranian President Ebrahim Raisi has been invited by Saudi Arabia’s King Salman bin Abdulaziz to visit the kingdom’s capital, state-run Islamic Republic News Agency reported.

Tribune News Service

Iran’s Raisi welcomes invitation from king to visit Saudi Arabia

Iranian president has received an invitation to visit Saudi Arabia following reconciliation deal, Iranian official says.

Al Jazeera

Iran FM: We Are Working with Saudi Arabia on Stability of Region

Iranian Foreign Minister Hossein Amirabdollahian revealed on Sunday that he will hold a meeting “in the near future” with his Saudi counterpart Prince Faisal bin Farhan bin Abdullah. The Iranian government has proposed to Saudi Arabia three locations for the meeting, he revealed, citing the latest messages with Riyadh since…

Asharq Al-Awsat

Iran proposes locations to Saudi Arabia for FM meeting

The Iranian government has proposed to Saudi Arabia three locations for a meeting at foreign minister level, Iran's foreign minister said on Sunday, citing the latest messages with Riyadh since the countries agreed to re-establish ties.

Reuters

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Asharq Al-Awsat

Saudi Banks Safe from Troubled US Banks

Ayman Al-Sayari, Governor of Saudi Central Bank (SAMA), ruled out any transactions between Saudi banks and troubled US banks, affirming that the Kingdom’s banking sector enjoys capital adequacy and reassuring liquidity. Al-Sayari spoke with Al-Arabiya TV on the sidelines of the Financial Sector Conference in Riyadh when he added that…

Asharq Al-Awsat

Will Grundberg Succeed in Transforming Momentum into Permanent Truce in Yemen?

United Nations envoy to Yemen Hans Grundberg is seeking to take advantage of the momentum produced by the Chinese-sponsored Saudi-Iranian agreement to restore diplomatic relations by creating a breakthrough in the Yemeni crisis, by first consolidating the nationwide ceasefire and eventually reaching a lasting political settlement. Grundberg had concluded on…

Asharq Al-Awsat

Iranian Officials: Khamenei Pushed for Speeding Up Talks with Saudi Arabia

Eager to end its political and economic isolation, Iran had been trying for two years to restore ties with Saudi Arabia, the Arab heavyweight and oil powerhouse. Last September, Iran's Supreme Leader Ali Khamenei lost patience with the slow pace of bilateral talks and summoned his team to discuss ways…

Foreign Policy

China’s Good Offices

With the Saudi-Iran deal, Beijing shows there’s a place for its less judgmental, see-no-evil diplomatic approach.

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Asharq Al-Awsat

Saudi Arabia, Russia Stress Commitment to OPEC+ Decision on Oil Output Cuts

Saudi Minister of Energy Prince Abdulaziz bin Salman met in Riyadh on Thursday with Russian Deputy Prime Minister Alexander Novak who is visiting the Kingdom, the Saudi Press Agency reported. They discussed global oil markets and the efforts of OPEC+ to promote market stability, SPA said. They also stressed their…

The Independent UK

China clearly has a plan to flex its diplomatic muscle around the world

In brokering a detente between Iran and Saudi Arabia – and offering its own peace plan for Ukraine – we have been given a glimpse of Beijing’s grander vision, writes Borzou Daragahi

Asharq Al-Awsat

SVB Collapse Dominates Discussions at Financial Sector Conference in Saudi Arabia

The collapse of the California-based Silicon Valley Bank (SVB) dominated most sessions and workshops of the Financial Sector Conference in Riyadh. The repercussions of SVB’s recent bankruptcy caused shock and confusion worldwide, especially for economies that fear that the crisis will spillover to their financial institutions. Saudi Minister of Finance…

Asharq Al-Awsat

Saudi Foreign Minister Meets with UN Envoy to Syria

Saudi Arabia's Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah met in Riyadh on Wednesday with UN Special Envoy of the Secretary General to Syria Geir Pedersen. During the meeting, they discussed the latest developments in Syria and the region and exchanged views on issues of common interest.

Los Angeles Times

Analysis: Renewed Saudi-Iranian ties, brokered by China, force new calculations in Mideast

BEIRUT — The surprise announcement of a resumption of diplomatic ties between Saudi Arabia and Iran, thanks to a deal brokered by Beijing, underscores regional governments’ interest in a de-escalation of tensions — and China’s willingness to wield its economic clout to achieve it.

Asharq Al-Awsat

US Senate Confirms Ratney as New Ambassador to Saudi Arabia

The US Senate approved on Wednesday the appointment of Michael Alan Ratney to serve as the US Ambassador to the Kingdom of Saudi Arabia. US President Joe Biden had announced Ratney’s candidacy for the post back in April, 2022. The US embassy in Riyadh welcomed the appointment. “The US Senate…

Asharq Al-Awsat

Saudi Finance Minister: Opportunities Available for Saudi Arabia, Iran if Agreement Is Respected

Saudi Minister of Finance Mohammed Al-Jadaan stressed on Wednesday that the Kingdom is committeed to the agreement it reached with Iran to restore diplomatic relations. “There are a lot of opportunities for Saudi investments in Iran and they could happen very quickly following the agreement,” he told the second edition…

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