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The Latest Breaking News from Saudi Arabia

OPEC's price hike: A history lesson

U.S. leaders threaten revenge against Saudi Arabia over OPEC's production cuts. They're missing the point

Salon

Saudi Crude Oil Exports Hit 2-Year High

Saudi Arabia’s crude oil exports hit a more than two-year high of 7.6 million barrels per day in August, according to data from the Joint Organization Data Initiative. The Kingdom saw a 3% rise from July, recording its highest volume since April 2020. It was also the third month in…

Asharq Al-Awsat

OECD Expects Saudi Arabia to Top G20 Economies for 2 Years

The real GDP growth projections of the Saudi economy are expected to reach 9.9 percent this year, and six percent in 2023, recording the highest growth rate among the G20 countries, according to a report by the Organization for Economic Cooperation and Development (OECD). The report "OECD Economic Outlook Interim…

Asharq Al-Awsat

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Saudi Arabia, South Africa Stress Joint Action, Cooperation

Saudi Arabia and South Africa issued a statement after President Cyril Ramaphosa visited Riyadh, confirming the strength of bilateral relations and the importance of boosting joint action. Ramaphosa began Friday a visit to the Kingdom at the invitation of Custodian of the Two Holy Mosques King Salman bin Abdulaziz. The…

Asharq Al-Awsat

UAE Says It Fully Stands with Saudi Arabia to Support Energy Stability, Security

The United Arab Emirates (UAE) on Monday said it fully stands with Saudi Arabia in its efforts to support energy stability and security, UAE state news agency (WAM) reported, citing a foreign ministry statement. UAE also added that it supports the Saudi foreign ministry's statement regarding the latest OPEC+ decision…

Asharq Al-Awsat

Arab Countries Support Saudi Arabia’s Decision at OPEC+

Several Arab countries expressed on Monday their solidarity with and support to Saudi Arabia in wake of the decision taken at the OPEC+ group last week. Oman’s foreign ministry said it was following the developments related to OPEC+’s decision to partially cut output. It stressed that it supports the decision…

Asharq Al-Awsat

Aramco Establishes 2 Offshore Fabrication Yards in Collaboration with Int’l Partners

Saudi Aramco, in collaboration with international partners, is establishing two offshore fabrication yards that aim to deliver a more than 200 percent increase in Saudi Arabia’s offshore fabrication capacity, announced the company on Monday. The new yards are being constructed in Ras Al Khair in collaboration with National Petroleum Construction…

Asharq Al-Awsat

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UAE says it fully stands with Saudi Arabia to support energy stability, security

Reuters

Lexi Thompson won an Aramco Team Series event in New York over the weekend. What does it mean for the LPGA and Golf Saudi?

The Aramco events are not official LPGA events, but the LPGA did enter into a joint venture with the LET in 2019.

USA Today Sports Media Group

Credit Suisse looks to Mideast for capital boost

Abu Dhabi and Saudi Arabia are weighing whether to put money into its investment bank and other businesses.

Al Jazeera

Egypt Supports Saudi Arabia’s Position on OPEC+ Decision

Egypt stressed on Monday its support to Saudi Arabia’s position on the recent OPEC+ decision, reported the Saudi Press Agency. The Egyptian Foreign Ministry said it was following closely and with interest the reactions to the decision. It added that Cairo support Riyadh's position in explaining the technical considerations of…

Asharq Al-Awsat

NEOM Names First Partner Hotel Brands with Ennismore

Hotel Development, the NEOM division responsible for building a future-centric hospitality ecosystem in the northwest corner of Saudi Arabia, has signed its inaugural hotel partner, Ennismore. With a blank canvas and no legacy infrastructure, Hotel Development will capitalize on the region’s potential to establish a new era for the industry…

Asharq Al-Awsat

Oil addiction will keep the west in hock to dictators

Letters: David Woollcombe and Richard Baker on the urgent need to move towards renewable energy

The Guardian - UK

Qatar World Cup Ticket Sales Near 3 Million, Says Infantino

Ticket sales for the football World Cup are approaching the three-million mark ahead of the tournament kicking off in Qatar on Nov. 20, FIFA's president Gianni Infantino and event organizers said on Monday. The top three purchasing countries of the 2.89 million tickets sold are Qatar, the United States and…

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi Arabia Launches Proactive Indicator for Economic Transformation

The Saudi government on Sunday launched a novel economic analysis index, known as MEPX, to monitor the performance of the Kingdom’s private sector. MEPX is a leading indicator that has been designed and developed by the economy ministry’s economic analysts to track 10 economic factors classified into four categories, consumers,…

Asharq Al-Awsat

Ten Agreements Signed at Riyadh Supply Chain Conference

Supporting the Kingdom’s ambitions for becoming a global destination for logistics services, the Supply Chain Conference held in Riyadh witnessed the signing of ten agreements that bolster the position of Saudi supply chains in the face of geopolitical challenges. Moreover, Saudi Arabia announced inaugurating 59 logistic zones to bolster supply…

The Times of India

India and Saudi Arabia to compete for 2027 AFC Asian Cup hosting rights

NEW DELHI: India and Saudi Arabia will compete for the hosting rights of the 2027 Asian Cup as three other interested nations have withdrawn their bids, the AFC announced on Monday.

The Guardian - UK

Senator raises alarm Saudis could share US defense technology with Russia

Richard Blumenthal to seek reassurances from Pentagon that ‘they are on top of’ risk of sharing information with Gulf state

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Asharq Al-Awsat

King Salman Urges Peaceful Solutions, Backs Int’l Efforts to Resolve Russia-Ukraine Crisis

Custodian of the Two Holy Mosques King Salman bin Abdulaziz stressed on Sunday the importance of dialogue, negotiations and peaceful solutions in ending fighting, protecting civilians and establishing peace, security and development for all. He underlined the Kingdom’s support to international efforts aimed at reaching a political solution to the…

Asharq Al-Awsat

UNA, Islamic Organization for Food Security Sign Memorandum of Cooperation

The Union of OIC News Agencies (UNA) concluded on Sunday a memorandum of cooperation with the Islamic Organization for Food Security (IOFS) to enhance cooperation between the two bodies operating within the framework of the Organization of Islamic Cooperation. The memorandum was signed by UNA Acting Director-General Muhammad bin Abd…

Asharq Al-Awsat

Saudi Arabia to Host Gulf Entrepreneurs Forum

Riyadh is scheduled to host on Tuesday the third edition of the Gulf Entrepreneurs Forum, organized by the Small and Medium Enterprises General Authority (Monshaat). The forum will be held under the patronage of Saudi Minister of Commerce Dr.

Tribune News Service

Biden aide says change in US military aid to Saudis is possible

President Joe Biden’s options for re-evaluating U.S.-Saudi relations include “changes to our approach to security assistance to Saudi Arabia,” White House National Security Adviser Jake Sullivan said.

USA Today Sports Media Group

How much money each player earned at LIV Golf Jeddah in Saudi Arabia

Brooks Koepka took home the $4 million top prize after a three-hole playoff.

Al Jazeera

Joe Biden has ‘no plans’ to meet Saudi Arabia’s MBS at G20 summit

After OPEC+ decided to cut oil production, the US accused the Saudis of aligning with Russia, worsening their relations.

USA Today Sports Media Group

Brooks Koepka defeats teammate Peter Uihlein in three-hole playoff to win LIV Golf Jeddah in Saudi Arabia

Koepka and Uihlein's Smash GC claimed the team title and $3 million prize at 33 under.

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