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The Latest Breaking News from Saudi Arabia

Saudi Arabia Inks Agreements, MoUs of $2.66 Bln at Real Estate Future Forum

Saudi Arabia has signed agreements and MoUs of more than 10 billion Saudi riyals ($2.66 billion) to set up four investment funds to develop commercial, tourism and residential projects. A part of the investments will also be made in the field of real estate development and construction techniques. Moreover, Saudi…

Asharq Al-Awsat

IMF Selects a Saudi as Chairman for Ad Hoc Audit Selection Committee

The members of the Executive Board of the International Monetary Fund (IMF) have unanimously selected the Executive Director of Saudi Arabia at the IMF, Abdullah bin Zarah, as chairman of the Ad Hoc Audit Selection Committee (ASC) and as a member of the Evaluation Committee (EVC) of the Executive Board…

Asharq Al-Awsat

Women's healthcare in UK is poorer than in Saudi Arabia, shows new global list

The 2021 Hologic Global Women's Health Index has shown the UK to be behind Saudi Arabia and China on its provision of women's healthcare while on a level with Kazakhstan

Daily Mirror

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Saudi Arabia, Chad Sign MoU in Defense Cooperation

Saudi Arabia and Chad signed on Monday a Memorandum of Understanding (MoU) in defense cooperation. The agreement was signed by Saudi Assistant Minister of Defense for Executive Affairs Dr. Khaled bin Hussein Al-Bayari and Chad’s Minister of State for Foreign Affairs, African Integration and Chadians Abroad Mahamat Saleh Annadif during…

Asharq Al-Awsat

Mike Pompeo dismisses ‘faux outrage’ over murder of Jamal Khashoggi

Former Trump secretary of state claims US media depicted Washington Post columnist as ‘a Saudi Arabian Bob Woodward’

The Guardian - US

Musk says saudis unequivocally wanted to take Tesla private

Elon Musk told a jury that his 2018 tweet announcing a proposal to take Tesla Inc. private included the possibility of using his holdings in SpaceX to help finance the transaction, along with a multibillion-dollar commitment by Saudi Arabia’s sovereign wealth fund.

Tribune News Service

Elon Musk cites Saudi wealth fund at second day of Tesla trial

Elon Musk testified that Saudi Arabia’s sovereign wealth fund “unequivocally” wanted to take Tesla Inc. private in 2018, a core element of his defense to claims that his tweets about the take-private plan misled shareholders.

Tribune News Service

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Musk says Tesla go-private plan counted on SpaceX, Saudi money

Tribune News Service

Details emerge of Tyson Fury's complicated deal with Oleksandr Usyk

Tyson Fury and Oleksandr Usyk are in advanced talks to compete in an undisputed heavyweight title clash this spring, with Saudi Arabia the front runner to stage the event

Daily Mirror

Francis Ngannou sends message to Cristiano Ronaldo after Saudi Arabia meeting

Ngannou spent time in Riyadh with Ronaldo as the Portugese footballer continued settling into his new home, and took to social media to send a message to legendary player

Daily Mirror

Saudi Arabia Boosts Efficiency of Customs Clearances

Saudi Arabia has reduced its customs clearance period from 12 days to 2 hours in a move aimed at increasing the efficiency of customs processes in all the Kingdom’s land, sea and air ports. The Kingdom, according to a new initiative by the Zakat, Tax and Customs Authority (ZATCA) will…

Asharq Al-Awsat

Tyson Fury will leave brother Tommy in Saudi Arabia if he loses to Jake Paul

Fury's brother Tommy will take to the ring in a huge showdown with YouTube star Paul next month, and will face significant pressure from his father John and brother Tyson to pick up the win

Daily Mirror

Algeria Takes New Measures to Boost Desert Tourism

Algeria seeks to attract foreign tourists through a series of measures that encourage desert tourism in the south of the country, following in the footsteps of Saudi Arabia, which opened its doors to foreign tourists for the first time in 2019. Bloomberg news agency reported that Algeria is planning to…

Asharq Al-Awsat

Saudi Arabia Aspires for Real Estate Role in Attracting Foreign Investments

The Saudi Real Estate Future Forum keeps pace with the government's tendency to attract foreign companies to invest in the Kingdom's real estate sector, asserted Minister of Municipal, Rural Affairs, and Housing Majid al-Hogail on Monday. Hogail described the forum as an "opportunity to exchange regional and international experiences and…

Asharq Al-Awsat

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Asharq Al-Awsat

Egypt Signs $1.5 Bln Financing Agreement with ITFC

Egypt has signed a $1.5 billion financing agreement with the International Islamic Trade Finance Corporation (ITFC). The deal aims to fund Egypt's trade needs, including for importing energy products and essential commodities, CNBC Arabia wrote on Twitter, citing the ITFC’s chief executive officer. Last year Egypt signed a similar agreement,…

Daily Mirror

Cristiano Ronaldo Jr training two years above his age at elite sporting talent academy

Cristiano Ronaldo Jnr has been working hard since jetting out to Saudi Arabia with his father - and is already training with academy kids who are two years older than him in the Middle East

Asharq Al-Awsat

Saudi Arabia Condemns Sweden for Allowing Extremist to Burn Quran

The Saudi Foreign Ministry strongly condemned on Saturday Swedish authorities for allowing an extremist to burn a copy of the holy Quran in front of the Turkish embassy in Stockholm. It underscored the Kingdom’s firm position that calls for the importance of spreading the values of dialogue, coexistence and shunning…

Axios

LIV Golf CEO: Saudi Arabia learned from its “mistakes”

Greg Norman is doubling down on his positive feelings toward Saudi Arabia despite the killing of journalist Jamal Khashoggi and the country's human rights violations.

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Daily Mirror

Lionel Messi post shows true feelings towards Cristiano Ronaldo after Saudi friendly

Lionel Messi and Cristiano Ronaldo renewed their rivalry as PSG headed to Saudi Arabia for a friendly with both men getting on the scoresheet in a highly-entertaining clash

Asharq Al-Awsat

Saudi Arabia Grants 90,000 Licenses as Real Estate Brokerage Law Comes into Force

Saudi Real Estate Authority said that it had received, through its electronic services, over 89,000 requests for real estate licenses in just two days after the real estate brokerage law came into force. The Authority issued over 72,000 licenses to individual practitioners and 17,100 licenses to establishments. Spokesman Tayseer al-Mufarrej…

Daily Mirror

LIV Golf's Greg Norman claims Saudi Arabia has "learned from mistakes" on human rights

LIV Golf's Greg Norman has again defended Saudi Arabia's financial backing of the rebel tour, claiming the country has learnt from its previous human rights issues

Daily Mirror

Newcastle United's Saudi owners 'explored' mammoth £16bn bid to buy F1

F1 has become much more profitable – and desirable – in recent years, and Saudi Arabia's Public Investment Fund is said to have made its interest in buying the sport known

Manchester Evening News

Cristiano Ronaldo has Roberto Martinez meeting after Portugal role hint

Cristiano Ronaldo is now plying his trade in Saudi Arabia after leaving Manchester United leading to suggestions he is no longer a key player for Portugal.

Asharq Al-Awsat

Saudi Arabia Launches Food Ecosystems and Arid Climates Challenge at Davos

The Saudi Ministry of Economy and Planning (MEP) and UpLink, the World Economic Forum's (WEF) open innovation platform, launched an innovation challenge designed to crowdsource transformative solutions to enhance food security in countries impacted by low rainfall, drought, and desertification. The Food Ecosystems and Arid Climates Challenge is a global…

Asharq Al-Awsat

New Corporate Law to Stimulate Saudi Commercial, Investment System

Starting Thursday, companies operating in Saudi Arabia entered a new phase after the Kingdom enforcing a new corporate law within its framework of completing the modernization and reform of commercial and investment legislation and systems. The new legislation regulates investment and trade in the Kingdom and is based on clear…

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