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The Latest Breaking News from Saudi Arabia

US Urges Houthis to Listen to Appeals for Peace in Yemen

Washington reiterated its call on the Iran-backed Houthi militias to choose peace and extend and expand the nationwide truce in Yemen. US Special Envoy for Yemen Tim Lenderking kicked off a visit to Saudi Arabia and the United Arab Emirates on November 2 to support efforts to renew and expand…

Asharq Al-Awsat

Tesla China Sales Stutter, Oil-Rich Saudi Arabia Looks EV Way, Canoo's Quest For Vertical Integration, Fisker Stays On Course: Week's Biggest EV Stories

Electric vehicle stocks mostly declined in the week ending Nov. 4, as another big rate hike delivered by the Federal Reserve weighed on risk appetite. Market leader Tesla, Inc.

Benzinga

Saudi Arabia, Finland to Establish 1st Joint Business Council

The Federation of Saudi Chambers and the Finland Chamber of Commerce signed on Friday a memorandum of understanding (MoU) in Helsinki to establish a joint Saudi-Finnish Business Council. Under the MoU, the Council will carry out commercial and promotional activities systematically in the field of trade and investment, while focusing…

Asharq Al-Awsat

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Riyadh Sends Six Ministers, Climate Envoy to SGI Forum in Sharm El-Sheikh

Saudi Arabia has revealed the program and speakers for the second edition of the Saudi Green Initiative (SGI) Forum. Taking place 11 – 12 November 2022 on the sidelines of COP27 in Sharm El Sheikh, the two-day event will convene an elite lineup of climate experts and thought leaders to…

Asharq Al-Awsat

Saudi KSrelief Distributes Winter Aid to Refugees in Jordan

Saudi Arabia's King Salman Humanitarian Aid and Relief Center (KSrelief) has continued distributing winter clothes to Syrian and Palestinian refugees, and needy families from the host community in Jordan. The aid is as part of the "Kanaf 2022" humanitarian project implemented by KSrelief in cooperation with the Jordanian Hashemite Charitable…

Asharq Al-Awsat

Saudi Embassy in US Participates in 'Cat Walk' Initiative

Saudi Arabia’s embassy in the US participated in the 2nd edition of the global initiative “Cat Walk.” The event is organized by the Catmosphere organization, which is concerned with supporting initiatives to conserve endangered wild cats. This took place in the presence the Saudi ambassador to the US, Princess Reema…

Asharq Al-Awsat

Saudi Air Force Members Arrive in Greece to Participate in Falcon Eye 3

A Royal Saudi Air Force (RSAF) group participating in Falcon Eye 3 Air Drill has arrived at the Souda Air Base on the Greek island of Crete, where the exercise is scheduled to start next week. The Air Force is participating in the drill with F-15 fighter jets and their…

Asharq Al-Awsat

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Preview and Predictions for WWE’s ‘Crown Jewel’

As usual with WWE’s shows in Saudi Arabia, the card leans heavily on special-attraction matches.

Sports Illustrated

Saudi Arabia Registers Jump in Foreign Direct Investment Inflows

Foreign direct investment flows recorded a growth of 46.5% during the second quarter of this year, compared to the same period of 2021, after excluding the Saudi Aramco deal amounting to 46.5 billion riyals ($12.4 billion). Last year, Aramco forged a pipeline infrastructure deal worth 46.5 billion riyals ($12.4 billion)…

Asharq Al-Awsat

Saudi Arabia Stresses Importance of Energy Transition to Address Climate Challenges

The Saudi Ministry of Energy emphasized the importance of the global energy transition to address climate challenges and the expansion of international cooperation to support sustainable development and the zero emissions target. Saudi Minister of Energy Prince Abdulaziz bin Salman held a meeting via video conference on Thursday with the…

Asharq Al-Awsat

MBC is Working on IPO in Saudi Arabia

Saudi MBC Group, the most prominent Arab broadcaster, is working with HSBC Holdings Plc and JPMorgan Chase on an initial public offering (IPO) in Saudi Arabia. MBC Media Group recently inaugurated its headquarters in Riyadh in the presence of Saudi Minister of Information Majid al-Qasabi, and several ministers, officials, media…

Asharq Al-Awsat

Commentary: Partnering with autocrats is risky business

The decades-old partnership between the United States and Saudi Arabia has just been put to the test. It failed with flying colors.

Chicago Tribune

Saudi Arabia Condemns Attempt to Assassinate Imran Khan

Saudi Arabia strongly condemned and denounced the assassination attempt on former Pakistani Prime Minister Imran Khan, the Ministry of Foreign Affairs said in a statement. The ministry affirmed Saudi Arabia’s standing with Pakistan and its people in the face of all threats to its security, stability, and development march. It…

Asharq Al-Awsat

Alarm on Capitol Hill over Saudi investment in Twitter

Possible access to users’ data could pose national security risk and could be used to target kingdom’s dissidents

The Guardian - UK

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Daily Mirror

WWE stars 'concerned' as Saudi Arabia on high alert amid warning of Iran attack

WWE are due to host another edition of the Crown Jewel premium live event in Saudi Arabia this weekend but there are concerns due to the threat of a strike on the country from Iran

Foreign Affairs

How Saudi Arabia Sees the World

MBS’s Vision of a New Nonaligned Movement.

Asharq Al-Awsat

Crown Prince Launches Ceer, the 1st Saudi Electric Vehicle Brand

Crown Prince Mohammed bin Salman bin Abdulaziz launched on Thursday Ceer, the first Saudi electric vehicle brand that will contribute to Saudi Arabia’s automotive manufacturing sector. The Crown Prince is also the Saudi Prime Minister and Chairman of the Public Investment Fund (PIF). “Saudi Arabia is not just building a…

Reuters

US envoy visits Middle East to back Yemen truce, State Dept says

U.S. Special Envoy for Yemen Tim Lenderking is visiting the United Arab Emirates and Saudi Arabia this week "to support efforts to renew and expand the U.N.-mediated truce in Yemen," the U.S. State Department said on Thursday, one day after the top diplomat left for the region.

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Asharq Al-Awsat

Saudi Arabia to Produce 10GW of Wind Energy in Egypt

Egypt and Saudi Arabia signed on Tuesday a memorandum of understanding for the implementation of a 10 gigawatt wind electric power project in Egypt. The MoU was signed between Saudi ACWA power company and Egypt’s New and Renewable Energy Authority and the Egyptian Electricity Transmission Company. The Saudi Press Agency…

Asharq Al-Awsat

Republican Senator Criticizes Biden’s Policy towards Tehran

Republican Senator Joni Ernst criticized the administration of US President Joe Biden and Democrats in their handling of the Iranian file, after the White House confirmed the exchange of information with Saudi Arabia about Iranian threats. In a tweet, Ernst said that the United States currently has approximately 3,000 service…

Asharq Al-Awsat

Saudi Arabia Offers Grant to Renovate Historic Seiyun Palace in Yemen’s Hadramout

The Saudi Development and Reconstruction Program for Yemen (SDRPY) has provided funding to renovate the historic Seiyun Palace in Hadramout Governorate, in response to the Yemeni government’s request to protect antiquities and endangered historical areas. Saudi Ambassador to Yemen Mohammed Al Jaber said that the inauguration of the Seiyun Palace…

Asharq Al-Awsat

Saudi FM: Interference in Arab Countries’ Affairs Affects their Security, Stability

Saudi Arabia has affirmed that Arab countries are facing several challenges that cast a shadow on the security and stability of those nations and the region.

Asharq Al-Awsat

Americana Plans Selling 30% of its Share Capital in Saudi Arabia, Abu Dhabi Markets

Americana Restaurant International, the largest quick service restaurant operator in the MENA region, announced Wednesday its plans to sell 30 percent of its share capital in an initial public offering (IPO) and dual-list on stock markets in Saudi Arabia and Abu Dhabi. Adeptio Investments AD Ltd., the selling shareholder, intends…

Asharq Al-Awsat

Industry and Mineral Resources Minister Inaugurates Saudi Pavilion at IMARC in Sydney

Minister of Industry and Mineral Resources Bandar Al-Khorayef has opened the Saudi Pavilion at the International Mining and Resources Conference (IMARC) held in Sydney, Australia between November 2 and 4 . The pavilion is part of the "Invest Saudi" program with the participation of the Ministry of Industry and Mineral…

Asharq Al-Awsat

Saudi Arabia Invests in Electric Urban Air Mobility

NEOM, the smart and sustainable regional development in northwest Saudi Arabia, announced Wednesday a $175 million investment in Volocopter, the pioneer of Urban Air Mobility. The investment is part of NEOM’s efforts to take a significant equity stake in Volocopter, positioning it as a leader in future mobility solutions. NEOM…

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