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The Latest Breaking News from Saudi Arabia

Report: Saudis, Iranians to reopen embassies, ease travel

Iran’s semiofficial ISNA news agency says Saudi Arabia and Iran have agreed to reopen diplomatic missions in their respective capitals and in additional cities

The Independent UK

Saudi Arabia Resumes Flights with Iraq

Saudi Arabia received the first of two flights from Iraq, marking the resumption of direct flights between the two countries. The Flynas flight, carrying 174 passengers, landed at King Abdulaziz International Airport in Jeddah Wednesday, coming from Erbil, northern Iraq, for the first time in several years. The trip, which…

Asharq Al-Awsat

Fitch Upgrades Saudi Arabia’s Economy to A+

Fitch ratings has upgraded Saudi Arabia’s Long-term foreign-currency issuer default rating (Idr) to ‘A+’ from ‘A’, with stable outlook. This reflects Saudi Arabia's strong fiscal and external balance sheets, with government debt/GDP and sovereign net foreign assets (SNFA) considerably stronger than both the 'A' and 'AA' medians, and significant fiscal…

Asharq Al-Awsat

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Factbox-In Middle East, once improbable ententes set new tone

Adversaries across the Middle East have been taking steps to mend relations strained by years of tension and conflict, a trend most recently demonstrated in an agreement between Iran and Saudi Arabia to reestablish diplomatic ties.

Reuters

Timeline: Saudi-Iranian ties - A history of ups and downs

The foreign ministers of Iran and Saudi Arabia met in China for the first formal meeting of their most senior diplomats in more than seven years, Saudi state-run Al Ekhbariya television said, under a deal to revive ties between the regional superpowers.

Reuters

Saudi Arabia Raises Arab Light Crude Prices for Asia for 3rd Month

Saudi Arabia, the world's top oil exporter, has raised the prices of its flagship crude for Asian buyers for the third straight month, informed sources said. The official selling price (OSP) for May-loading Arab Light to Asia was raised by 30 cents a barrel from April to $2.80 a barrel…

Asharq Al-Awsat

Foreign ministers of Iran, Saudi Arabia meet in China

The meeting – the first of the two countries’ most senior diplomats in seven years – follows a March rapprochement.

Al Jazeera

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Top Iranian, Saudi envoys meet in China in restoration of diplomatic ties

The foreign ministers of Iran and Saudi Arabia met in Beijing on Thursday for the first formal gathering of their top diplomats in more than seven years, after China brokered a deal to restore relations between the top regional powers.

Reuters

Brazil's Bolsonaro testifies in scandal over Saudi jewelry gift

Former Brazilian President Jair Bolsonaro appeared at the federal police headquarters on Wednesday to testify in an investigation into jewelry and gifts given in 2021 to the then-president and his wife by the king of Saudi Arabia.

Reuters

Saudi Arabia hikes oil prices to Asia after OPEC+ shock cuts

Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in May, days after the kingdom led a surprise OPEC+ output cut.

Tribune News Service

Al Marzouqi Appointed General Coordinator for Negotiations and Head of GCC Negotiating Team

Secretary General of the Gulf Cooperation Council (GCC) Jassem Albudaiwi held talks on Wednesday with Dr. Raja bin Manahi Al Marzouqi, newly-appointed General Coordinator for Negotiations and Head of the Negotiating Team of the GCC, on the occasion of his appointment. The GCC Ministerial Council had on March 22 issued…

Asharq Al-Awsat

Lionel Messi torn between two transfer options with Cristiano Ronaldo factor in play

Lionel Messi could link up with old foe Cristiano Ronaldo in Saudi Arabia after receiving a £350m-per-year offer from rival club Al Hilal, but Barcelona are still in talks to re-sign him

Daily Mirror

Ronaldo overshadowed by prolific team mate Talisca at Al-Nassr

Prolific scorer Cristiano Ronaldo has more than one goal per game ratio since joining Saudi Arabia club Al-Nassr, netting 11 goals in nine league games, but still remains a distant second in the team's top-scorers list.

The Times of India

The rehabilitation of Assad? Syria's efforts to end regional isolation

Is Bashar al-Assad's isolation on the world stage coming to an end? The Syrian dictator has been shunned by the international community since 2011, when his regime brutally crushed anti-government protests, triggering the civil war in Syria. But in recent months, a growing number of countries have been coordinating with…

France 24

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Asharq Al-Awsat

Qatari Minister Holds Meetings in Lebanon amid International Action to Help Address Crisis

International action to help Lebanon overcome its crisis have recently come to the fore, especially the quintet meeting that recently brought together representatives of the United States, France, Saudi Arabia, Egypt and Qatar in Paris. In parallel, Qatar’s Minister of State in the Ministry of Foreign Affairs, Mohammed bin Abdulaziz…

Al Jazeera

Iran appoints envoy to UAE, meeting with Saudi Arabia expected

Iran’s appointment of ambassador after gap of seven years comes amid its rapprochement with Saudi Arabia.

Asharq Al-Awsat

Saudi Non-Oil Private Sector Sees Rapid Expansion

The non-oil-producing private sector in Saudi Arabia witnessed a rapid expansion at the end of the first quarter of 2023. The sector recorded a sharp rise in new business during March, which helped achieve more growth in employment and procurement, according to a new business survey. The seasonally adjusted Riyad…

Reuters

Top Saudi, Iranian diplomats to meet in China, say media, officials

The top envoys for Saudi Arabia and Iran will meet in Beijing on Thursday, an Iranian official and a Saudi-owned newspaper said, as the two regional rivals work to hash out next steps of their diplomatic rapprochement amid a China-brokered deal.

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Asharq Al-Awsat

Lebanon Confronted with Test of Choices, as Riyadh Judges Projects, Not Names

A senior Arab diplomat provided a rational assessment of the situation in Lebanon. He made the assessment away from the local media, effective and ineffective Lebanese politicians and their expectations from the recent agreement that restored diplomatic relations between Saudi Arabia and Iran. Lebanese officials often speak of “conspiracies” when…

Asharq Al-Awsat

Saudi Arabia Condemns 'Blatant' Israeli Storming of Al-Aqsa Mosque

Saudi Arabia’s Ministry of Foreign Affairs condemned the storming of Al-Aqsa Mosque in Jerusalem by the Israeli army, assaulting worshipers and arresting several on Wednesday. In a statement, the ministry “expressed the Kingdom of Saudi Arabia’s condemnation and rejection of the blatant storming of Al-Aqsa Mosque’s compound", saying "these practices…

Asharq Al-Awsat

King Salman, UAE President Discuss Boosting Relations in Various Fields

Custodian of the Two Holy Mosques King Salman bin Abdulaziz received on Tuesday a written message from United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan. The message tackled the close bilateral relations that bind their countries and brotherly people and ways to bolster and develop them in various…

Fortune

Saudi Arabia discloses investment in dozens of VCs

Saudi Arabia has invested in technology and other sectors in a bid to diversify the country’s economy away from oil.

Fortune

Silicon Valley and Saudi Arabia are still closely intertwined despite age-old controversy

Nearly 40 venture firms, from Andreessen Horowitz to Craft Ventures to Techstars, have accepted money from Saudi Arabia’s sovereign wealth fund.

Asharq Al-Awsat

Saudi Arabia to Lead Middle East Countries in Sustainable Space Sector Development

As the Saudi space strategy approaches its launch, expectations for investment in the space sector are growing, with an industry expert predicting that the anticipated budget may be comparable to major space economies. Moreover, Riyadh is expected to lead the way in creating a competitive and regulatory environment with an…

Asharq Al-Awsat

Saudi Arabia Achieves Record Growth in Promising Sectors

Saudi Arabia has achieved record growth in indicators of economic activities in promising sectors during the first quarter of this year, one of the opportunities launched by Vision 2030 for the local and foreign business sectors. According to a recent report by the Ministry of Commerce, a copy of which…

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