The Latest Breaking News from Saudi Arabia

Oil prices have soared more than 5% after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May until the end of the year

OPEC+ announced a surprise oil production cut of more than 1 million barrels a day, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy.

Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production, with Riyadh saying it would cut output by 500,000 barrels per day (bpd) from May until the end of 2023, state media reported. Russia's deputy prime minister also said Moscow would extend a voluntary cut…

Saudi Arabia is planning to invite Syrian President Bashar al-Assad to an Arab League summit that Riyadh is hosting in May, three sources familiar with the plans said, a move that would formally end Syria's regional isolation.

A report by the Washington-based Saudi-American Business Council pointed to an “unprecedented” growth in the field of startup investments. Saudi Arabia has one of the most developed financial services sectors in the Middle East and North Africa region. The report indicated that during August 2022, the Kingdom witnessed a 79…

Saudi Deputy Minister of Hajj and Umrah Dr. Abdulfattah al-Mashat predicted that this year’s Hajj will attract the same number of pilgrims as four years ago. In remarks to Asharq Al-Awsat, he said over 2.4 million pilgrims performed the Hajj four years ago. Breaking down the figure, he revealed that…

Lionel Messi faces an uncertain future with offers from Barcelona and Saudi Arabian club Al-Hilal alongside the option of renewing his contract at Paris Saint-Germain

Russell ended up just 0.236s behind Verstappen in Q3 at Albert Park, with his team-mate Lewis Hamilton third in the sister Mercedes, a somewhat surprise result for the Black Arrows squad after its difficult start to the new campaign and having been 0.6s off the pace in both Bahrain and Saudi…

Efforts are underway to identify the challenges related to obtaining construction permits for commercial buildings in Saudi Arabia. Proposed solutions are being developed and shared with the Ministry of Municipal, Rural Affairs, and Housing, in anticipation of presenting the final plan at the periodic meeting of the Executive Committee for…