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The Latest Breaking News from Saudi Arabia

Arcapita Expands in Saudi Arabia, Forms Financial Firm

Arcapita Group Holdings, the global alternative investment firm, has formed Arcapita Capital Company, a new subsidiary licensed by the Capital Market Authority of Saudi Arabia with offices in Riyadh, as part of its strategic expansion. The formation of Arcapita Capital Company will enable the firm to participate in private equity…

Asharq Al-Awsat

Showdown as Saudi crown prince aims to dodge lawsuit over Khashoggi murder

Decision on whether US lawsuit can proceed hinges on complex question of whether heir to Saudi throne has sovereign immunity

The Guardian - US

Saudi Arabia Supports UNRWA with $27 Million

Saudi Arabia has announced a contribution of $27 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), during a press conference held in Amman on Sunday. Saudi Ambassador to Jordan Nayef Al-Sudairy handed the Commissioner-General of UNRWA, Philippe Lazzarini, a check for…

Asharq Al-Awsat

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Saudi Arabia, UN Official Discuss Lebanon

Saudi State Minister for Foreign Affairs Adel al-Jubeir held talk in Riyadh on Sunday with United Nations Special Coordinator for Lebanon Joanna Wronecka. The talks focused on cooperation between Saudi Arabia and the UN and the latest developments in Lebanon and the efforts exerted towards them. Wronecka also met with…

Asharq Al-Awsat

Biden adviser says OPEC+ output cut was mainly political move

President Joe Biden’s top energy adviser said the oil output cut by Saudi Arabia and its allies was a largely political move that won’t deter the U.S. administration from trying to curb domestic energy prices.

Tribune News Service

GCC Cybersecurity Ministerial Committee Holds First Meeting in Riyadh

The Gulf Cooperation Council (GCC) Cybersecurity Ministerial Committee held its first meeting at the headquarters of the GCC Secretariat General in Riyadh. The meeting was attended by the heads of specialized institutions in cybersecurity in GCC countries and GCC Secretary-General Dr. Nayef Al-Hajraf. Saudi Arabia was represented by the National…

Asharq Al-Awsat

Saudi Crown Prince Launches ‘Global Supply Chain Resilience Initiative’

Prince Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs, announced on Sunday the launch of the Global Supply Chain Resilience Initiative (GSCRI). The GSCRI aims to make Saudi Arabia a location of choice for leading global industrial companies looking to drive…

Asharq Al-Awsat

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‘The actual critique is being lost’: the truth about Jihad Rehab, the year’s most controversial documentary

The film, which follows former Guantánamo detainees in a rehabilitation program, sparked concerns over consent and ethics. Then came the backlash

The Guardian - US

Algeria: Doctors tell Saudi crown prince don't go to summit

Saudi Arabia’s powerful 37-year-old crown prince will not attend an upcoming summit in Algeria after his doctors advised him not to travel

The Independent UK

Biden Warned of Repeating Nixon’s Mistake

The administration of President Joe Biden is renouncing itself by repeating the mistakes of former President Richard Nixon in positions related to oil and the relationship with Saudi Arabia, according to US media. They warned of the consequences of severe disruption in energy supplies on global political and economic stability,…

Asharq Al-Awsat

Saudi Equestrian Federation Crowns Winners of Diriyah 'Longines Global Jumping' Championship

President of the Saudi Arabian Equestrian Federation (SAEF) Prince Abdullah bin Fahd bin Abdullah crowned the winners of the Federation's run on the 2nd day of the Longines Global Champions Tour on Diriyah race track on Friday. The winners came from Germany, Irelanda, Austria, Beliguim, Brazil, Turkey, and Sweden. Winners…

Asharq Al-Awsat

Saudi Arabia, China Stress Importance of Reliable Oil Supplies for Market Stability

Saudi Arabia and China have agreed to cooperate in the field of "peaceful use of nuclear energy" and establish a regional hub for Chinese manufacturers to use the Kingdom's strategic location linking three continents. Saudi Energy Minister Prince Abdulaziz bin Salman held on Friday an online meeting with China’s National…

Asharq Al-Awsat

Eddie Howe explains why Newcastle United are heading to Riyadh in December

Newcastle United boss Eddie Howe is eager for his team to bond during their visit to Saudi Arabia

Chronicle Live

It's A Bird, No A Plane, It's... A Side-Scraper? Saudis Break Ground On Desert Metropolis

New drone footage released by Ot Sky shows the breaking of ground on Saudi Arabia’s new megacity structure dubbed The Mirror Line.

Benzinga

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Axios

Saudis plot energy cooperation with China amid tensions with Biden

It's "a clear rebuke aimed at Washington."

Al Jazeera

Turkey accuses US of ‘bullying’ Saudi Arabia over OPEC+ oil cuts

Turkey’s foreign minister slams US for ‘bullying’ Saudi Arabia after OPEC+ announced oil production cuts.

The Independent UK

‘A football decision’: Eddie Howe defends Newcastle training camp in Saudi Arabia

The Magpies first travelled to the Gulf state in January

Asharq Al-Awsat

Saudi Energy Minister, Top Chinese Official Stress Importance of Stable Long-Term Crude Supplies

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman and the director of China's National Energy Administration Zhang Jianhua on Friday stressed the importance of stable long-term supplies to crude oil markets, the Saudi state news agency SPA reported. The two agreed to continue cooperation efforts to maintain stability in oil…

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Daily Mirror

Eddie Howe defends Saudi Arabia training trip as chiefs eye 2030 World Cup bid

Newcastle United are heading for Saudi Arabia again after a successful training camp last January boosted their results. They have announced a match with the Saudi Pro League champions and will spend a week in capital city Riyadh

Chronicle Live

Football decision behind Newcastle United's Saudi Arabia mid-season training camp

Eddie Howe will again take his Magpies squad to the Middle East for a training camp during the World Cup

Asharq Al-Awsat

Saudi EXIM Approves $2.5 Bn Credit Facilities to Support Vital Sectors

Saudi Arabia has approved credit facilities worth more than $2.5 billion from the beginning of 2022 until the end of the third quarter in September to support export activities in various vital sectors. The Saudi Export-Import Bank (Saudi EXIM) revealed that the share of requests for export credit insurance reached…

Asharq Al-Awsat

Saudi Crown Prince Announces 2nd Edition of Middle East Green Initiative at COP27

Saudi Crown Prince Mohammad bin Salman bin Abdulaziz announced the second edition of the Middle East Green Initiative (MGI) Summit on Nov. 7 and the Saudi Green Initiative (SGI) Forum on Nov.

Asharq Al-Awsat

Aramco Launches Taleed Program to Accelerate SME growth in Saudi Arabia

Aramco announced on Thursday the launch of a new program, “Taleed”, which aims to accelerate the growth of Small and Medium Enterprises (SMEs) in Saudi Arabia — helping boost their contribution to economic development and support job creation. The program targets sustainable SME growth across multiple sectors through a portfolio…

The Independent UK

Steve Mnuchin testifies on behalf of Trump ally at NYC trial

Former Treasury Secretary Steven Mnuchin has testified as a defense witness at the New York City trial of a Donald Trump ally

Asharq Al-Awsat

Saudi Arabia to Manufacture, Export more than 150,000 Electric Cars by 2026

Saudi ministers said that they were working together to advance the industrial sector and achieve the goals of the National Industrial Strategy, which was launched by Crown Prince Mohammad bin Salman on Tuesday. They added that talks were underway with international companies to establish a center for car manufacturing in…

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