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The Latest Breaking News from Saudi Arabia

Moody’s Projects Saudi Economy to Grow 3.9% by 2026

Moody’s credit rating agency has expected Saudi Arabia’s economy to register an average growth rate of around 3.9 percent during the period from 2022 to 2026. In an annual in-depth credit analysis report, it said the Kingdom’s credit strengths are derived from its robust government balance sheet, underpinned by moderate…

Asharq Al-Awsat

Saudi Arabia Says There Is a Lack of Refining Capacity in Market, Not Oil

Saudi Foreign Minister Prince Faisal bin Farhan stressed on Tuesday the Kingdom's commitment to the stability of energy markets. The Minister said Saudi Arabia is focused on maintaining the stability of oil markets through OPEC+, asserting that dialogue within the group is very active and responds to the requirements of…

Asharq Al-Awsat

Calls for clarity in Pacific funding as Australia slips towards bottom of global aid transparency rankings

There are calls for urgent action after Australia dropped to 41 out of 50 countries and organisations in the Aid Transparency Index, revealing a "worrying trend" that has the Department of Foreign Affairs and Trade close to hitting the bottom of the list, alongside Saudi Arabia and China.

ABC News

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Israeli journalist sneaks into Mecca on Saudi trip, causing stir

An Israeli reporter slipped into the Islamic holy city of Mecca during a trip to Saudi Arabia, sparking controversy on social media and illustrating the sensitivities of closer ties between the two countries.

Tribune News Service

Former U.S. president Donald Trump urges golfers to ‘take the money now’ and join LIV Golf after 9/11 families condemn upcoming event at Bedminster

"If you don’t take the money now, you will get nothing after the merger takes place," Trump hypothesized.

USA Today Sports Media Group

Energy secretary flown around Saudi Arabia by oil firm 'shows UK's hypocrisy'

Kwarteng was flown to various cities in the Saudi kingdom by majority state-owned oil firm Aramco

The National (Scotland)

Are we heading for war with Iran?

Urged on by Israel and the murderous Saudi prince, Biden may be on the verge of a truly catastrophic mistake

Salon

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Strong Saudi Participation at Farnborough Airshow

Saudi Arabia is participating in the Farnborough International Airshow, through a pavilion organized by the General Authority for Military Industries, under the slogan, “Invest in Saudi Arabia.” Leaders of the aviation and defense industry from all over the world are preparing to participate in the exhibition after a three-year interruption…

Asharq Al-Awsat

Saudi Focus on Minerals Needed in Power Transition, EVs

Saudi Vice-Minister for Mining Affairs Khalid Al-Mudaifer has predicted a fourfold increase in the demand for minerals used in clean energy technologies and electric vehicles by 2040. Al-Mudaifer stressed that the Kingdom of Saudi Arabia is focused on benefiting from the knowledge and experience of developed mining regions. The vice-minister…

Asharq Al-Awsat

Saudi SAMI Signs Agreements with Airbus Helicopter Arabia, Singapore's ST Engineering

The Aviation and Space Systems Sector, an affiliate of Saudi Arabian Military Industries (SAMI), signed on Monday a contract with Airbus Helicopters Arabia, the Kingdom’s subsidiary of Airbus helicopters to support SAMI in building its technical capabilities to provide rotercraft technical support to Saudi Armed forces.

Asharq Al-Awsat

Russia seeking oil payments from India in dirhams

Moscow replaced Saudi Arabia as the second biggest oil supplier to India after Iraq for the second month in a row in June

The Hindu

Saudi Arabia Has Several Defense Options to Counter Varying Sources of Threat

Saudi Foreign Minister Prince Faisal bin Farhan Al Saud said that the United States was a key partner in defense purchase, but affirmed that the Kingdom had a number of other options to strengthen its defense and armament systems in the event that US equipment could not be obtained. In…

Asharq Al-Awsat

Think the UK is hot? Here are seven places much warmer than 40C this week

Although the UK is currently experiencing unprecedented heat which could see temperatures exceed 40C - there are many destinations around the world far hotter this week

Chronicle Live

Mawani: Increase in Imported Empty Containers Boost Saudi Exports

The Saudi Ports Authority (Mawani) announced a 231% rise in mport volumes of empty containers by shipping lines between January and May 2022 compared to the same period last year, rising from 20,985 TEUs to 69,429 TEUs. According to Mawani, the import of these dry boxes drastically strengthens exporters and…

Asharq Al-Awsat

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The Guardian - US

White House seeks to delay decision on Prince Mohammed immunity over Khashoggi murder

Request comes after Biden returns from Saudi trip in which he claims to have raised journalist’s murder with crown prince

The Independent UK

9/11 families blast Trump invite to Saudi-backed golf tour

A group of Sept. 11 victims’ family members who have long accused Saudi Arabia of aiding the terrorists who carried out the attacks are condemning former President Donald Trump for hosting the Saudi-backed LIV golf tour at his New Jersey course later this month

Al Jazeera

Five takeaways from President Biden’s first trip to Middle East

Joe Biden reaffirmed old commitments to allies and pushed for further Israeli-Arab normalisation during visit to region.

The Independent UK

With friends like these: Putin, Erdogan and Raissi to meet in Tehran

Reports that Iran is planning to sell Russia hundreds of combat drones in what would be a milestone in relations between the two adversaries of the US

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Benzinga

Benzinga Before The Bell: Amazon Wages Price War On Tesco, Biden's Campaign Promise To Free Cannabis Prisoners, H&M Exits Russia And Other Top Financial Stories Monday, July 18

Reuters GSK Completes Spin-Off Of Its Consumer Healthcare Business

Salon

MBS turns the tables on Biden, U.S.

Al Aribiya, which is owned by the Saudi government, reports on Crown Prince Mohammed bin Salman's pushback to Biden

The Guardian - UK

Oil climbs after Biden fails to secure Saudi output hike – as it happened

Brent crude prices pushed past $100 per barrel after US president Joe Biden failed to secure output hike agreements with the world’s top oil exporter

Foreign Affairs

A Shock-Proof Energy Economy

Taming Volatile Oil Markets Requires a New Kind of Government Intervention

Wales Online

London ‘will be hotter than Caribbean and Sahara’

England's capital appears likely to be one of the warmest places on the planet — with the exception of Saudi Arabia

Tribune News Service

US envoy confident Gulf oil producers will boost production

WASHINGTON — A U.S. energy envoy said he is confident Gulf producers will increase oil output after President Joe Biden’s visit to Saudi Arabia, where he met with regional leaders.

The Independent UK

Biden accuses Saudi officials of lying after claims they ‘didn’t hear’ him confront MBS over Khashoggi murder

Saudi officials gave conflicting accounts of Saudi crown prince’s meeting with President Joe Biden

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