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The Latest Breaking News from Saudi Arabia

IMF Projects GCC Growth to Accelerate to 6.4%

The International Monetary Fund (IMF) said the Russian invasion of Ukraine is significantly affecting the growth prospects of the developing economies in the Middle East and North Africa (MENA), while oil-exporting countries benefit from higher crude prices. In its "Regional Economic Outlook: the Middle East and Central Asia," the IMF…

Asharq Al-Awsat

Oleksandr Usyk vs Anthony Joshua rematch set to be confirmed for July date

Matchroom Boxing boss Eddie Hearn has confirmed that the reported new date for Joshua's world heavyweight title rematch is "a strong possibility", with a deal in place for the fight

Daily Mirror

Analysis-Hobbled by economy, Erdogan heads to Saudi to mend ties after Khashoggi U-turn

Three and a half years after accusing Saudi Arabia's leadership of murder and running a sham trial over the killing of journalist Jamal Khashoggi, Turkish President Tayyip Erdogan plans a trip to the Gulf kingdom on Thursday to mend ties.

Reuters

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Saudi Arabia Condemns Terrorist Bombings Near Chinese Institute at Karachi University

Saudi Arabia has strongly condemned the deadly terrorist bombings near a Chinese institute at the University of Karachi in southern Pakistan. The Ministry of Foreign Affairs has reiterated Saudi Arabia's solidarity with Pakistan against violence, extremism and terrorism, confirming the Kingdom’s rejection of these criminal acts, which contradict all religious…

Asharq Al-Awsat

Erdogan set to visit Saudi Arabia after setting aside Khashoggi row

Turkish President Tayyip Erdogan will travel to Saudi Arabia on Thursday, marking the culmination of a months-long drive to repair ties with Riyadh that included dropping a trial over the killing of Saudi journalist Jamal Khashoggi in Istanbul.

Reuters

Breakaway league sets golfers on collision course with DP World Tour

Members of the DP World Tour who play in June’s $25m Saudi Arabian-backed event in Hertfordshire are likely to face penalties but Phil Mickelson could return to action

The Guardian - UK

Why Lucid Shares Are Rising Today

Lucid Group Inc (NASDAQ: LCID) shares are trading higher Wednesday after the company announced an agreement with the Government of Saudi Arabia, under which the Government will purchase up to 100,000 vehicles over a ten-year period.

Benzinga

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IMF sees bumper year for Arab oil producers, risk for others

The world’s economy is forecast to grow around 3.6% this year, but Arab oil exporters are seeing a windfall from high energy prices that will buoy their economies and replenish their financial reserves this year and next

The Independent UK

Lucid Scores 100,000-Vehicle Order From Saudi Arabia Over Ten Years

At the beginning, the Kingdom is expected to order 1,000 to 2,000 vehicles annually, with the quantity to increase to 4,000-7,000 vehicles annually from 2025.

InsideEVs

Saudi Arabia, Lucid Motors Sign Deal to Purchase Up to 100,000 Electric Cars Over 10 years

The Saudi Government announced Tuesday that it has struck an agreement with Lucid for the purchase of up to 100,000 of its vehicles over the next 10 years. This agreement is a significant move that supports the key objectives of Vision 2030 including diversifying and transforming the economy, society and…

Asharq Al-Awsat

Saudi Arabia Completes Umrah Preparations for Final Days of Ramadan

Saudi Arabia has completed preparations to welcome more worshippers and Umrah pilgrims during the final days of the holy fasting month of Ramadan. Undersecretary-General for Tafweej and Crowds Management, Osama bin Mansour Al-Hujaili said the preparations and services offered at the Grand Mosque in the holy city of Makkah are…

Asharq Al-Awsat

Tesla Rival Lucid Bags Deal To Sell 100,000 EVs To Saudi Arabia

Lucid Group Inc (NASDAQ: LCID) said on Tuesday it has entered a deal with the government of Saudi Arabia to sell up to 100,000 electric vehicles over the next 10 years, sending shares of the luxury electric vehicle startup higher after the bell.

Benzinga

Saudi Arabia, France launch humanitarian projects in Lebanon

Agreement will provide about $32m for projects focusing on food security and the battered healthcare system.

Al Jazeera

Newcastle United evening headlines: Jordan Henderson makes Liverpool rotation reveal and Magpies sent transfer message

A look at the latest Newcastle United headlines

Chronicle Live

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Reuters

Saudi Arabia, France pledge $30m for Lebanon aid and development

France and Saudi Arabia announced a joint development fund for crisis-hit Lebanon Tuesday, pledging an initial $30 million to support food security and the country's crippled health sector, a French embassy statement said.

Reuters

Turkey's Erdogan to visit Saudi Arabia on Thursday -two sources

Turkish President Tayyip Erdogan plans to visit Saudi Arabia on Thursday and meet Crown Prince Mohammed Bin Salman, two sources with information on the matter told Reuters, as Ankara tries to mend ties with Riyadh after dropping a legal case on the killing of journalist Jamal Khashoggi in Istanbul.

Chronicle Live

Newcastle United supporters 'more aware' of Saudi Arabia's human rights issues

Saudi Arabia's investment into Newcastle United immediately put the club under a microscope

Asharq Al-Awsat

Turkish President, Pakistani PM to Visit Saudi Arabia this Week

Turkish President Tayyip Erdogan plans to visit Saudi Arabia on Thursday, two sources with information on the matter told Reuters. No further details were provided but it is scheduled at time when Muslims often perform the Umrah. Pakistan's Prime Minister Shehbaz Sharif is expected to visit Saudi Arabia on his…

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Asharq Al-Awsat

Saudi Arabia Hosts Exhibition of the Latest 3D Sensory Innovations

Riyadh will host the Saudi Light and Sound (SLS) Expo, scheduled for May 16-18, in the first event dedicated to professional 3D lighting and sound equipment. The event is launched as a platform that enables participants to see, hear, and experience the latest technologies and illuminating innovations in lighting, sound,…

Daily Mirror

Disney asked to cut LGBTQ scene in Doctor Strange 2 by Saudi Arabia

Saudi Arabia - where homosexuality is illegal - wants a 12-second clip featuring a lesbian character talking about her 'two moms' to be edited out of the new Marvel film

Asharq Al-Awsat

Individual Investors Doubled in Saudi Financial Markets

Recent official data revealed that over 4.7 million subscribers per capita are active in the proposals of financial markets in Saudi Arabia, according to the 2021 annual report of the Saudi Capital Market Authority (CMA). The annual report stated that the number of individual investors in IPOs jumped 4.7 times,…

Asharq Al-Awsat

Saudi Arabia Tops Islamic Financial Service Sector with $800 bln in Assets

The Islamic financial services industry in Saudi Arabia enjoys a prominent position globally, announced Deputy Governor of the Saudi Central Bank (SAMA) for Research and International Affairs Dr.

Asharq Al-Awsat

Iran Welcomes 'Positive' 5th Round of Talks with Saudi Arabia

Iran said the latest round of talks with Saudi Arabia was "positive and serious." "The fifth round of talks between Saudi Arabia and Tehran were held in Iraq, and the talks were progressive and positive," spokesman Saeed Khatibzadeh told a televised weekly news conference. However, he noted that a meeting…

Daily Mirror

Phil Mickelson's comeback on the horizon as decision made over Saudi Golf League

Golf legend Phil Mickelson announced in February that he was taking a break from the sport following comments he made about a breakaway competition in Saudi Arabia

The Guardian - AU

Disney is refusing to cut LGBTQ scene in Doctor Strange 2, Saudi Arabia says

Official denies Marvel film is banned but says kingdom ‘still trying’ to get Disney to cut 12 seconds referring to lesbian character with two mothers

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