The Latest Breaking News from Saudi Arabia

Saudi Culture Ministry Introduces Three New Fonts to Celebrate Kingdom’s Culture

Saudi Arabia’s Ministry of Culture on Monday launched an initiative creating three new Saudi fonts in celebration of the Arabic language. In a statement, it said it is “introducing a unique touch that gives a Saudi identity to Arabic fonts and celebrates Saudi heritage and cultural symbols.” The fonts, celebrating…

Asharq Al-Awsat · Mar 21, 2023

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 · Mar 17, 2023

Al-Swaha: 'Expo 2030' Reflects Saudi Arabia's Readiness to Play Pioneering Global Role

Saudi Minister of Communications and Information Technology Eng.

Asharq Al-Awsat · Mar 8, 2023

Ian Poulter reopens LIV debate as he hits out at poor treatment of fellow rebel stars

Defected Ian Poulter has reignited the debate surrounding LIV Golf after suggesting he and other rebels have been mistreated by the media and their peers since joining the rival circuit

Daily Mirror · Nov 29, 2022

Saudi PIF to Sell 10% Stake in Tadawul Group

Saudi Arabia's Public Investment Fund (PIF) is selling a 10% stake in Saudi Tadawul Group, the owner and operator of the Kingdom's stock exchange, via an accelerated book-build offering, Reuters quoted a regulatory filing on Thursday. PIF, a sovereign wealth fund with over $600 billion in assets, has hired HSBC…

Asharq Al-Awsat · Nov 11, 2022

Lucid Opens Its First Middle East Store In Saudi Arabia

The opening of Saudi Arabia's first Lucid Studio comes after the EV startup said it is building a plant in the country that has placed an order for 100,000 EVs.

InsideEVs · Oct 26, 2022

Newcastle owners 'rejected' £700m Man Utd deal before completing Toon takeover

Saudi Arabia's Public Investment Fund (PIF) completed their takeover of Newcastle United from Mike Ashley in October 2021, but could have acquired a stake in another club before then

Daily Mirror · Oct 4, 2022

Yasir Al-Rumayyan explains global PIF strategy change that paved way for Newcastle takeover

Newcastle United were taken over nearly a year ago and Yasir Al-Rumayyan has briefly touched on the change in Saudi Arabia's Public Investment Fund's global strategy that led to such investments

Chronicle Live · Sep 29, 2022

PIF Launches National Real Estate Registration Services Co.

Saudi Arabia’s Public Investment Fund (PIF) has launched the National Real Estate Registration Services Co.

Asharq Al-Awsat · Sep 5, 2022

Middle East states in line for $1.3tn windfall from extra oil revenues

IMF says it expects region’s oil and gas exporters to benefit from high prices over next four years

The Guardian - UK · Aug 19, 2022