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The Latest Breaking News from Saudi Arabia

Saudi Aramco Posts 39% Jump in Third-quarter Profits

Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year, the latest financial results boosted by higher oil prices and volumes sold. The energy giant's net income totaled $42.4 billion -- up from $30.4 billion during the same period last year -- and was "primarily driven…

Asharq Al-Awsat

Sen. Chris Murphy calls for investigation into Saudi Arabia's stake in Twitter after Elon Musk's takeover

A company partially owned by Saudi Arabia is Twitter's second largest investor.

Axios

Sister of man on Saudi death row makes plea to LIV boss Greg Norman in letter

The LIV Golf chief previously claimed golf was a 'force for good' in Saudi Arabia and has been challenged to help drive change in a country with an appalling human rights record

Irish Mirror

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ENGIE: We Are Working with Saudi Arabia to Transition to Carbon-Neutral Economy

ENGIE CEO Catherine MacGregor affirmed that her company’s work in Saudi Arabia aligns with the Kingdom’s national transformation plan, Vision 2030, and its focus on accelerating the transition to a carbon-neutral economy. MacGregor pointed out that ENGIE, since the start of its business in Saudi Arabia more than two decades…

Asharq Al-Awsat

Saudi Q3 GDP Grows 8.6% y/y

Saudi Arabia's gross domestic product expanded by 8.6% in the third quarter compared with the same period in 2021, according to initial government estimates on Monday, as the world's top oil exporter benefits from higher energy prices. Growth was largely driven by a 14.5% increase in oil activities, the General…

Asharq Al-Awsat

LIV Golf’s controversial inaugural season comes to an end in Doral. What’s next for league?

The most lucrative event of LIV Golf’s inaugural season came to an end on Sunday in Doral. It was also the final event of the controversial Saudi Arabia-funded league’s season.

Miami Herald

Why Saudi Arabia is your next adventure travel destination

When the kingdom of Saudi Arabia officially opened its doors to travelers from 49 countries in 2019, early visitors uncovered a virtually unexplored world of exciting contrasts.

Tribune News Service

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Saudi Arabia to Auction 5 New Mining Licenses for Local, Int’l Investors

Saudi Arabia announced five new mining opportunities for exploration sites across the Kingdom that contain copper, zinc, silver, and lead for local and foreign investors. Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim AlKhorayef announced the five new explorations sites: Bir Umq, Ar Ridaniyah, Umm Hadid, Jabal Sahabiyah,…

Asharq Al-Awsat

Saudi, UAE back OPEC cuts as US envoy warns of 'uncertainty'

Saudi Arabia and the United Arab Emirates are defending a decision by OPEC and its allies to cut oil production

The Independent UK

Sisi Follows Up on Electricity Interconnection with Saudi Arabia, Greece, Cyprus

Egyptian President Abdel Fattah al-Sisi discussed with Prime Minister Mostafa Madbouly and Minister of Electricity and Renewable Energy Mohamed Shaker the progress in electricity interconnection projects with neighboring countries, notably Saudi Arabia, Greece and Cyprus. The presidency spokesman, Ambassador Bassam Rady, said the meeting addressed the nationwide projects of the…

Asharq Al-Awsat

How the Gulf oil and gas states will play their hand at COP27

Gulf oil and gas producing nations will badge themselves as climate leaders at COP27. It’s not as far-fetched as it sounds.

360info

Tiger Woods urged to copy Lewis Hamilton and condemn Saudi Arabia human rights issues

Tiger Woods has been a big critic of LIV for golfing reasons, but now a Saudi citizen has written to the 15-time Major winner asking him to condemn the country's regime

Daily Mirror

SABIC Profits Fell 67% in Third Quarter to 1.84 Billion Riyals

The net profit of Saudi Basic Industries Corporation (SABIC) fell by 67.14% in the third quarter of 2022, reaching almost 1.84 billion riyals, compared to a net profit of about 5.6 billion of riyals in the same quarter of 2021. On a quarterly basis, SABIC’s net profit decreased by 76.8%…

Asharq Al-Awsat

Local, Int’l Consortium Wins Exploration License for West Saudi Arabia’s Umm Ad Damar

Saudi Arabia's Ministry of Industry and Mineral Resources announced that a consortium consisting of Saudi Arabian Mining Co.

Asharq Al-Awsat

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Reuters

Factbox-Some of the world's worst stampedes

At least 151 people were killed in a crush during a Halloween celebration in South Korea's capital Seoul late on Saturday.

Asharq Al-Awsat

Boeing CEO to Asharq Al-Awsat: Aviation Industry Is Recovering, FII Came at an Important Time

President of Boeing International Sir Michael Arthur said that the aviation industry was recovering and in good condition, stressing its vitality for the global economy. Commenting on the Riyadh-hosted Future Investment Initiative (FII) forum, Arthur told Asharq Al-Awsatthat he was very impressed with the scope of the conference, which he…

Asharq Al-Awsat

Saudi Arabia, France to Cooperate on Clean Hydrogen, Renewable Energy

Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz reiterated on Friday the need to increase the stability of the global oil market, during a video call with French Minister for Energy Transition, Agnes Pannier-Runacher. Saudi Arabia and France are seeking to increase cooperation in clean hydrogen and renewable energy.…

Asharq Al-Awsat

Saudi Energy Minister, Pakistani Finance Minister Hold 1st Meeting of Steering Committee

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman and Pakistan's Finance Minister Ishaq Dar held on Thursday the first meeting of the Saudi-Pakistani Steering Committee of the Economic Pillar. Prince Abdulaziz confirmed in a statement that the Kingdom considers Pakistan an important partner in its development plans and programs. He…

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Asharq Al-Awsat

Saudi Ambassador to Yemen: Houthi Assessment of Int’l, Regional Position is Wrong

Saudi Arabia has warned Houthi militia leaders of the consequences of their actions, urging them to prioritize the interests of Yemenis and choose the path towards peace without dictates or conditions. Saudi Ambassador Mohammed Al-Jaber, who also supervises the Saudi Program for the Development and Reconstruction of Yemen, said on…

Asharq Al-Awsat

Putin: Saudi Crown Prince Supports Oil Market Stability

Russian President Vladimir Putin said on Thursday that Saudi Crown Prince Mohammed bin Salman deserved respect, stressing that Russia was determined to strengthen its relations with the Kingdom. Putin said that stability was important for oil markets, adding that the Saudi Crown Prince supported market balance and stability. He also…

Asharq Al-Awsat

FII Forum Session Calls for Transition to Resilient Economy to Face Challenges

The third and final day of the 6th edition of the Future Investment Initiative (FII) forum embarked on its activities with a session titled “Transforming Banking and Investment for the Resilient Economy.” The CEO of Saudi EXIM Bank Group, Saad bin Abdulaziz Al-Khalb, participated in the session, which was held…

The Independent UK

World Cup 2022 Group C fixtures, teams and tournament venues

Argentina, Mexico, Poland and Saudi Arabia make up Group C

Asharq Al-Awsat

CEO of TDF Highlights Potential of Saudi Tourism

Chief Executive Officer (CEO) of Saudi Arabia’s Tourism Development Fund Qusai bin Abdullah AI-Fakhri affirmed on Thursday that the Kingdom is significantly growing its tourism industry and has enormous projects and promising investment opportunities. On the third day of the activities of the Future Investment Initiative (FII), AI-Fakhri took part…

Asharq Al-Awsat

Saudi Arabia to Create Largest Venture Capital Fund Globally

Saudi Aramco announced on Wednesday the creation of a $1.5 billion sustainability fund to invest in technology to support a stable and comprehensive energy transition. This is considered one of the largest sustainability-focused venture capital funds globally. Aramco’s decision to start the fund aligns with Saudi efforts to reduce greenhouse…

Asharq Al-Awsat

First batch of New Saudi Oil Grant to Yemen Arrives in Aden

The first batch of the Saudi oil derivatives grant, worth $200 million, arrived in Aden on Wednesday. The grant comes as an extension of Saudi Arabia’s continuous support to the Yemeni people under the directives of King Salman and Crown Prince Mohammed Bin Salman. Yemenis are hopeful that the grant…

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