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The Latest Breaking News from Saudi Arabia

Saudi FDI Inflows Grow by 10.7% in 3rd Quarter 2022

The Saudi Ministry of Investment said on Tuesday that the foreign direct investment (FDI) inflows into Saudi Arabia rose 10.7% in the third quarter of 2022 over the same period a year earlier. FDI inflows amounted to 7.2 billion riyals ($1.9 billion) in the third quarter of 2022, according to…

Asharq Al-Awsat

Funds, Financing Portfolios Allocate $1 Billion for Saudi Emerging Technologies

Eight investment funds and programs allocated 3.7 billion riyals ($1 billion) to support Saudi Arabia’s IT sector. On the sidelines of the LEAP 2023 conference in Riyadh, the Ministry of Communications and Information Technology unveiled on Tuesday investment funds to support the growth of startups and medium-sized companies, accelerate the…

Asharq Al-Awsat

Al-Hilal stars handed staggering FIFA Club World Cup bonus by Saudi Arabia billionaire

Saudi Pro League side Al-Hilal became the first club from the Middle East country to ever reach the final of the Club World Cup and are set to be handsomely rewarded for the achievement

Daily Mirror

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Saudi Arabia’s Al-Hilal Upsets Flamengo 3-2 to Reach Club World Cup Final

Saudi striker Salem Al-Dawsari was once again on the scoreboard in a big match. Al-Dawsari, who scored the winner in Saudi Arabia's 2-1 upset of Argentina at the World Cup, converted two penalties to help Al-Hilal beat Brazilian club Flamengo 3-2 in the Club World Cup semifinal on Tuesday. The…

Asharq Al-Awsat

Saudi Arabia Establishes 1st Council for Sustainable Economies Transformation

The King Abdulaziz City for Science and Technology (KACST), the Saudi Research, Development and Innovation Development Authority, and Microsoft Corporation have announced the formation of the Sustainability Council to respond to the transformations of sustainable economies. Dr.

Asharq Al-Awsat

UN Envoy in Riyadh, Aden to Discuss Efforts to Resolve Yemen Crisis

United Nations envoy to Yemen Hans Grundberg held talks in Riyadh and the interim Yemeni capital, Aden, aimed at reaching a political solution in the war-torn country. In the Saudi capital, he met with the Kingdom’s Ambassador to Yemen and Supervisor General of the Saudi Program for Development and Reconstruction…

Asharq Al-Awsat

LIV Golf lawyers admit tour generated ‘virtually zero’ revenue in first season

The LIV Golf tour, the breakaway circuit bankrolled by Saudi Arabia’s sovereign wealth fund, generated ‘virtually zero’ revenue during its first season

The Guardian - US

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Saudi Leadership Orders Dispatch of Aid, Rescue Teams to Türkiye, Syria

The Saudi leadership ordered on Tuesday the dispatch of aid to Türkiye and Syria in wake of the devastating earthquake that has left thousands of people dead and injured. Saudi Arabia will send rescue teams and open an air bridge to send urgent medical and humanitarian aid. Custodian of the…

Asharq Al-Awsat

Saudi Arabia Underscores Solidarity with Türkiye, Syria after Devastating Quake

The Saudi government underscored on Tuesday its solidarity with Turkey and Syria in wake of the devastating earthquake that struck them on Monday. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The ministers reviewed the latest regional and international…

Asharq Al-Awsat

Essar’s second coming: Steel plants in Saudi, Odisha

BENGALURU: The group Essar group promoted by the Mumbai-based Ruia family is planning to set up steel plants in Saudi Arabia and Odisha as well as a facility to import LNG (liquefied natural gas) at Hazira in Gujarat, Essar Capital director Prashant Ruia said on the sidelines of India Energy…

The Times of India

Saudi Arabia Seeks to Promote 4th Industrial Revolution Technologies to Raise Productivity

Saudi ministers have revealed the Kingdom’s determination to harness technology in diversifying the economy, with the launching of new investments and activating the full potential of the fourth industrial revolution technologies in various sectors. Speaking during a session held on the first day of the LEAP 2023 conference in Riyadh,…

Asharq Al-Awsat

Saudi Arabia Unveils Investments Exceeding $9 Billion with Launch of LEAP 2023

With the launch of the LEAP Tech 2023 conference - the largest global gathering for technology and digitization developments – on Monday in Riyadh, Saudi Arabia unveiled investments exceeding $9 billion to support future technologies and emerging companies in the Kingdom. More than 700 experts, scientists and specialized companies from…

Asharq Al-Awsat

Sara: Saudi Arabia's First Interactive Robot

Sara, Saudi Arabia's first interactive robot, welcomed attendees at LEAP 2023 conference, which was launched in Riyadh on Monday. Sara was manufactured in cooperation between Saudi Digital and Qss Company. It can communicate with all visitors, interact with them, perform popular dance moves, and respond to visitors' inquiries.

Asharq Al-Awsat

Wide Arab, Int’l Solidarity with Earthquake Victims in Türkiye, Syria

Arab and foreign countries have voiced their solidarity with Türkiye and Syria following a devastating earthquake on Monday that killed hundreds and injured thousands. Saudi Arabia’s Crown Prince Mohammed bin Salman called Turkish President Recep Tayyip Erdogan and offered his condolences over the deadly 7.8-magnitude earthquake that struck Türkiye. During…

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi Arabia Increases Price for Arab Light Crude to Asia

Saudi Arabia, the world's top oil exporter, raised prices for its flagship crude for Asian buyers for the first time in six months amid an expectation of oil demand recovery, especially from China, according to Reuters. Informed sources reported Monday that the official selling price (OSP) of Arab Light crude,…

Asharq Al-Awsat

Saudi Arabia, Oman Agree to Maintain Coordination over Regional Issues

Saudi Arabia and Oman said on Monday they were determined to hold the first meeting of their coordination council during 2023. Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and his Omani counterpart Badr Albusaidi held consultative talks in Muscat on Monday aimed at tackling regional challenges and ways…

Daily Mirror

Cristiano Ronaldo teammate confirms Al-Nassr problem days after U-turn on contract plan

Cristiano Ronaldo signed up to play for Al-Nassr for two years, but the 38-year-old's move to Saudi Arabia has not gone to plan in the veteran forward's first three games

Asharq Al-Awsat

Aramco Announces Strategic Partnership with Zoom, Increase in Funding for Wa’ed Ventures

Saudi Aramco announced on Monday a strategic partnership with Zoom and an increase in funding for Wa’ed Ventures. The announcements were made at the second edition of LEAP, a major international technology conference held annually in Saudi Arabia. The strategic partnership with Aramco aims to build Zoom’s first global data…

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Daily Mirror

Tyson Fury gives official prediction for brother Tommy's fight with Jake Paul

World heavyweight champion Tyson will be in Saudi Arabia to back his brother Tommy in his long-awaited grudge match against Paul later this month

Asharq Al-Awsat

Saudi, Omani FMs Discuss Bilateral Ties

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah met in Muscat on Monday with his Omani counterpart Badr Albusaidi. Talks focused on the bilateral ties that bind Saudi Arabia and Oman and ways to develop them. They also tackled aspects of cooperation in various fields and exchanged views on…

Daily Mirror

Tommy Fury declares he could beat "useless" Jake Paul without training camp

Tommy Fury is set to finally do battle with bitter rival Jake Paul in Saudi Arabia later this month, and will want to back up his frequent vows to end the YouTube star's boxing career

Asharq Al-Awsat

Saudi Arabia Offers Condolences to Türkiye, Syria after Devastating Quake

Saudi Arabia offered on Monday its condolences to Türkiye and Syria in wake of the devastating quake that claimed at least 1,400 lives. The Saudi Foreign Ministry said the Kingdom was closely following the tragic developments in Türkiye and Syria. It expressed the Kingdom’s solidarity and sympathy with the families…

Asharq Al-Awsat

Riyadh Hosts Major Int’l Tech Gathering to Predict Future of Global Technology

Saudi Arabia’s capital Riyadh is hosting the second edition of a major technology conference known as LEAP. From Feb.

Asharq Al-Awsat

Saudi Corporate Confidence at Highest Rate in Two Years

The level of confidence among companies in the non-oil-producing private sector in Saudi Arabia rose to its highest rate in two years during January, according to the data of the Purchasing Managers’ Index (PMI), issued by Riyad Bank. The Kingdom’s Purchasing Managers’ Index touched 58.2 in January 2023, the second-highest…

Asharq Al-Awsat

Saudi Arabia, US Working Together to Establish Integrated Anti-Drone System

US Air Force General Jacqueline D. Van Ovost, the commander of the US Transportation Command (USTRANSCOM), emphasized the strength of US-Saudi relations, which she said represented the cornerstone of continued security and stability in the Middle East. In an exclusive interview with Asharq Al-Awsat, Van Ovost said the US Central…

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