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The Latest Breaking News from Riyadh

Riyadh, Vienna Eye More Cooperation, Promoting Environmental, Water Protection

Austrian Minister for Digital and Economic Affairs Margarete Schramböck clearly admitted that the current Russian-Ukrainian war has exposed Europe’s urgent need for a roadmap that accommodates economic diversification, especially in the energy sector, to secure its demands. This need made her visit to Saudi Arabia vital to finding the best…

Asharq Al-Awsat

Saudi Arabia Eyes Increasing Foreign Investments 20-Fold

Saudi Minister of Investment Khalid Al-Falih announced that the implementation of the Kingdom's National Investment Strategy increases the volume of foreign investment 20 times, stressing that the Kingdom established new reforms to attract quality investments. Speaking at the first Saudi-Austrian Business and Investment Forum in Riyadh, the minister confirmed that…

Asharq Al-Awsat

GCC officials consider inviting Yemen Houthis to consultations in Riyadh

The Saudi-based Gulf Cooperation Council (GCC) is considering inviting the Houthi movement and other Yemeni parties for consultations in Riyadh this month as part of an initiative aimed at backing U.N.-led peace efforts, two Gulf officials told Reuters.

Reuters

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GCC Affirms Support to Yemen’s Gov’t, Economy

Yemeni President Abdrabbuh Mansur Hadi held talks in Riyadh on Monday with Secretary-General of the Gulf Cooperation Council (GCC) for Arab States Dr. Nayef al-Hajraf. Hajraf affirmed the GCC support to Yemen's government and economy, stressing GCC efforts to boost Yemen’s foreign exchange rate and improve the basic services in…

Asharq Al-Awsat

U.S. declines to comment if it communicated with Saudi Arabia after mass execution

The United States said it continues to raise human rights concerns with Saudi Arabia about fair trial guarantees but declined to comment if Washington has communicated with Riyadh in the aftermath of mass executions in the kingdom on Saturday.

Reuters

Saudi Arabia, Belgium, Luxembourg Establish Business Council

The Federation of Saudi Chambers and the Arab-Belgian-Luxembourg Chamber of Commerce signed a memorandum of understanding (MoU) to establish the Saudi-Belgian-Luxembourg Business Council to promote and expand intra-regional trade and boost investment cooperation between the three countries. Deputy Ambassador of Belgium to Riyadh, Elisa de Raes, explained that the Belgian…

Asharq Al-Awsat

Saudi-Greek Map Establishes Effective Economic, Trade Partnership

Saudi Arabia and Greece aim to increase their economic, investment, and trade cooperation. The Saudi Ministry of Investment organized Sunday the Saudi-Greek Investment Forum in Riyadh, with top officials, executive directors of several large Saudi and Greek companies, and representatives of the private sector from both sides. The event aims…

Asharq Al-Awsat

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White House faces oil standoff with Saudi Arabia and UAE as prices soar

Analysis: Disputes with Biden administration mean Riyadh and Abu Dhabi are likely to drive hard bargain

The Guardian - UK

Iran ‘temporarily suspends’ direct talks with Saudi Arabia

Riyadh and Tehran previously said they hoped the talks could ease tensions but downplayed expectations of breakthroughs.

Al Jazeera

Saudi-US Business Council Seeks Boosting Partnership in 4 Sectors

The Saudi-US Business Council launched its activities on Thursday with round-table meetings between Saudi and US companies and government agencies representatives. The meetings discussed four main economic sectors, including security, defense, renewable energy, and information and communication technology, with 14 ministries and government agencies, led by the Ministry of Investment…

Asharq Al-Awsat

Riyadh to Host Global Entrepreneurship Congress 2022

Saudi Arabia will host the Global Entrepreneurship Congress, under the patronage of Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense. The three-day event, which is organized by the General Authority for Small and Medium Enterprises (Monsha’at), in collaboration with the Global Entrepreneurship Network, will be held…

Asharq Al-Awsat

Saudi Defense Ministry: 2 American Women Rescued from Houthis in Yemen in Special Operation

Saudi Arabia and the United States mounted a joint operation in January to rescue two young American women who were held captive by the Iran-backed Houthi militias in the Yemeni capital of Sanaa. Defense Ministry spokesman Turki al-Malki confirmed the operation, saying it was an "extension of the firm partnership…

Asharq Al-Awsat

Riyadh Oil Refinery Attacked by Drone, Supplies Unaffected

A refinery in Saudi Arabia's capital, Riyadh, was attacked by a drone on Thursday morning but petroleum supplies were not affected, Saudi state news agency SPA reported early on Friday. The attack caused a small fire that was controlled and did not result in any injuries or casualties, SPA said…

Asharq Al-Awsat

Defense Aircraft Maintenance Focal Interest of Saudi Companies

Defense aircraft maintenance dominated the interests of Saudi companies at the World Defense Show (WDS) in the Saudi capital, Riyadh.

Asharq Al-Awsat

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Asharq Al-Awsat

World Defense Show Concludes with $7.9 Billion in Deals

The World Defense Show, which concluded in Riyadh on Wednesday, saw the signing of military and defense contracts between local and international parties with a total value estimated at 29.7 billion riyals ($7.92 billion), according to figures issued by the General Authority for Military Industries (GAMI). GAMI said that the…

Asharq Al-Awsat

Saudi Defense Ministry Concludes 10 Agreements with Local, Int'l Companies

On the third day of Saudi Arabia’s World Defense Show, which coincided with International Women’s Day, participants focused on stimulating the role of female leaders in defense and security worldwide. Saudi ambassador to the United States, Princess Rima bint Bandar bin Sultan bin Abdulaziz said on Monday that empowering Saudi…

Asharq Al-Awsat

Abdulmalik to Asharq Al-Awsat: Ukraine Crisis Impacts Yemen’s Wheat Imports

Yemeni Prime Minister Maeen Abdulmalik revealed that the Ukraine-Russian crisis has cast its shadows over Yemen’s wheat imports amid soaring oil rates. Abdulmalik stressed that the priority of his government during the coming period will be to consolidate stability and political consensus, warning that any political turmoil will greatly affect…

Asharq Al-Awsat

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…

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Asharq Al-Awsat

Saudi-Egyptian Summit in Riyadh Tackles Bilateral Ties, Int'l Developments

Custodian of the Two Holy Mosques King Salman bin Abdulaziz welcomed in Riyadh on Tuesday Egyptian President Abdul Fattah al-Sisi. Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, attended the official talks. Sisi was accorded a formal reception and King Salman threw a luncheon banquet in…

Asharq Al-Awsat

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

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

Saudi Crown Prince, FIFA President Discuss Opportunities to Develop Sports Cooperation

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, held talks in Riyadh on Monday with FIFA President Gianni Infantino. Discussions focused on opportunities of cooperation with FIFA and the promising opportunities to develop it. The meeting was attended by Saudi Minister of Sports Prince Abdulaziz…

Asharq Al-Awsat

Cypriot Defense Minister to Asharq Al-Awsat: We Look Forward to Establishing Defense Cooperation with Saudi Arabia

Cypriot Defense Minister Charalambos Petrides revealed his country’s intention to conclude imminent bilateral agreements with Saudi Arabia on defense, military and security cooperation. He stressed the need to enhance the maritime security of waterways in the eastern Mediterranean, the Gulf of Aden, the Red Sea, the Arabian Gulf and the…

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

Italian Defense Official to Asharq Al-Awsat: Russia Left us No Choice

A high-ranking Italian official said Moscow's invasion of Ukraine left the Europeans with no choice but to tighten sanctions against it in solidarity with the Ukrainian people. Italy's Undersecretary of State for Defense, Giorgio Mulè warned that Europe was headed towards a period of instability, but this does not mean…

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