The Latest Breaking News from Saudi Arabia

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 · Apr 5, 2023

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 · Apr 5, 2023

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 · Apr 5, 2023

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…

Asharq Al-Awsat · Apr 5, 2023

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.

Reuters · Apr 5, 2023

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 · Apr 5, 2023

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 · Apr 5, 2023

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…

Asharq Al-Awsat · Apr 4, 2023

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 · Apr 4, 2023

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.

Fortune · Apr 4, 2023