The Latest Breaking News from Riyadh

Secretary-General of Saudi Authority for Accredited Valuers (Taqeem) Faisal Almandeel said the real estate sector’s activities registered an expansion, which is evidenced in the real estate assets evaluated in 2021 at a total value of SAR 100 billion ($26.6 billion). His comments came during the Real Estate Future Forum, which…

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah received on Friday telephone calls from British Foreign Secretary Liz Truss and United Nations chief Antonio Guterres. Talks focused on the latest regional and international developments. With Truss, Prince Faisal discussed bilateral relations between Riyadh and London and ways to bolster…

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…

Major oil countries have stressed the need to adhere to the OPEC+ agreement, due to its paramount importance in balancing the energy market and avoiding future uncertainties. This came during the International Petroleum Technology Conference 2022 (IPTC), which kicked off in Riyadh on Sunday, with the participation of experts and…

Saudi Arabia has called to increase the volume of trade exchange with Mauritania in various economic sectors, especially in agriculture, fisheries, and minerals. Mauritanian Minister of Trade, Handicrafts, and Tourism, Al-Naha bint Hamdi Ould Meknes announced fundamental reforms introduced by the government to create a productive, diversified, and integrated economy.…

Thai Airways International (THAI) is reportedly planning to launch direct flights between Bangkok and Riyadh in May.

Saudi Arabia is signaling it isn’t willing to pump more oil and won’t push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels

There is no "immediate solution" to high oil prices, Bruno Jean-Richard Itoua, president of the Organization of the Petroleum Exporting Countries (OPEC), said on Wednesday. The oil-producing countries' capacity to increase crude supply is curtailed by a lack of investment in the industry, said Itoua, who is also Congo’s minister…

The Saudi government reiterated on Tuesday the Kingdom's keenness to resolve all tensions in the region. It stressed that it supports the American administration's efforts to prevent Iran from acquiring nuclear weapons, underlining the need for joint work to confront the harmful activities of its proxies. Custodian of the Two…