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The Latest Breaking News from Saudi Arabia

F1 claims to nurture positive change but clearly puts money before morals

Leading lights claim to care about human rights but there is no evidence that grand prix racing changes oppressive regimes

The Guardian - UK

Wolff: No finger-pointing over Mercedes F1 car or engine struggles

Mercedes Formula 1 chief Toto Wolff says there will be no finger-pointing at one single area of Mercedes’ car or engine amid its early struggles this season.

Motorsport

Saudi Arabia says it deposited $5B in Egypt’s central bank

Saudi Arabia has announced a $5 billion aid package to cash-strapped Egypt, where the economy is under mounting pressure, in part because of the economic fallout from Russia's war on Ukraine

The Independent UK

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Pactiv Evergreen Sells 50% Stake In Naturepak Beverage Packaging

Pactiv Evergreen Inc (NASDAQ:PTVE) subsidiary, Evergreen Packaging International LLC, has sold its 50% interest in Naturepak Beverage Packaging Co Ltd to affiliates of Elopak ASA. The financial terms of the deal were not disclosed. Naturepak Beverage Packaging supplies customers in the Middle East and Africa region from manufacturing plants in Morocco and Saudi…

Benzinga

Kuwait: Durra Gas Field is Saudi-Kuwaiti in its Entirety, Iran Has No Rights over It

Kuwaiti Foreign Minister Sheikh Ahmed Nasser Al-Mohammed Al Sabah said on Tuesday that Iran was not a party to Al-Durra field, which is “purely Kuwaiti-Saudi.” Referring to statements he made during a joint press conference with visiting French Foreign Minister Jean-Yves Le Drian, Sheikh Ahmed said he meant “negotiations regarding…

Asharq Al-Awsat

Saudi Arabia, UAE Say OPEC+ Mission Is to Stabilize Market

Saudi Arabia and the UAE reiterated that OPEC+ has only a mission to "stabilize the market," adding that the alliance keeps politics out of its decision-making in favor of the "common good" of energy prices. Saudi Energy Minister Prince Abdulaziz bin Salman stressed that the focus is on balancing crude…

Asharq Al-Awsat

Saudi Arabia Boosts Entrepreneurship in Industry, Logistics

The Saudi National Industrial Development and Logistics Program (NIDLP) launched the "Thousand Miles" initiative for small and medium enterprises (SMEs) in the industrial and logistics fields. The initiative seeks to facilitate material support, feasibility studies, and asset investment. The launch came during the Global Entrepreneurship Congress (GEC), organized by the…

Asharq Al-Awsat

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F1 drivers demand greater input on where sport races after Saudi Arabia GP controversy

Formula 1 stars are preparing to demand more input on the sport's calendar following the heavily criticised trip to Saudi Arabia last weekend, which saw a shocking nearby missile attack steal headlines

Daily Mirror

Fertiliser supply adequate for peak plantation season

Local fertiliser traders and suppliers have confirmed there will be sufficient fertiliser supply during the peak plantation season starting in May, while pledging to step up imports from Saudi Arabia to meet domestic demand.

Bangkok Post

Pressure builds on Graham Arnold as Socceroos slump to Saudi Arabia defeat

A 1-0 dead-rubber World Cup qualifying defeat has marked what could be the end of Arnold’s tenure as coach

The Guardian - AU

Anthony Joshua and Oleksandr Usyk under fire over hosting fight in Saudi Arabia

Saudi Arabia is the frontrunner to host Joshua's rematch with Usyk, but the decision to hold the fight in the country has come under fire by human rights organisation Amnesty International

Daily Mirror

Saudi Arabia 1-0 Australia: World Cup 2022 qualifier – as it happened

An unfamiliar Socceroos team was unable to finish their group campaign on a winning note as Salem Al-Dawsari’s penalty proved the difference in Jeddah

The Guardian - AU

Anthony Joshua’s rematch against Oleksandr Usyk should not be held in Saudi Arabia, say Amnesty International

The Ukrainian’s promoter has revealed discussions over the fight being staged in June

The Independent UK

Wolff: No ‘arm twisting’ to convince F1 drivers to race in Saudi Arabia

Toto Wolff says there “wasn’t any arm twisting from our side” to convince Formula 1 drivers to race in Saudi Arabia after threats of a boycott emerged on Friday night.

Autosport

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The Hindu

Saudisation policy may leave thousands of Indian expats jobless

Second phase of Nitaqat drive comes into effect

The Independent UK

Saudi Arabia in contention to stage Anthony Joshua-Oleksandr Usyk rematch

Usyk’s promoter Alexander Krassyuk said Saudi Arabia was ‘the place we are in discussions with at the moment’.

Autosport

The questions that need answering after F1's marred second Saudi visit

OPINION: The second Formula 1 Saudi Arabian Grand Prix began under the usual spotlight of the 'sportwashing' debate surrounding events in the country. A nearby missile attack on Friday put the whole event at risk, before a massive qualifying accident reared continuing safety concerns. While the race itself was a…

Evening Standard

F1: Can George Russell upstage Mercedes team-mate Lewis Hamilton in 2022?

There is nothing new in Lewis Hamilton losing in his second grand prix against a team-mate, as he did to George Russell in Saudi Arabia last weekend.

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The Independent UK

Gulf states hold Yemen talks despite boycott by Houthi rebels

Six nations including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE are meeting in Riyadh

Benzinga

Sanctions On Russia After Ukraine Invasion, Are Likely To Lead To Higher Prices: CNBC

According to an energy expert, consumers will have to be ready for higher prices as Russia continues its war in Ukraine and disruptions to the global energy market persist, writes CNBC. Washington and its allies have imposed sanctions on Russia, including energy exports, which could lead to inflation. “What is the…

Motorsport

Wolff: No "arm twisting" to convince F1 drivers to race in Saudi

Toto Wolff says there “wasn’t any arm twisting from our side” to convince Formula 1 drivers to race in Saudi Arabia after threats of a boycott emerged on Friday night.

Asharq Al-Awsat

Saudi Arabia Sees Growth in Entrepreneurs' Funds

Investment in Saudi Arabia has witnessed a qualitative leap in the stock market and a significant growth in entrepreneurs' funds, be it private or venture investment or startup funds, announced Chairman of the Capital Market Authority (CMA) Mohammed al-Kuwaiz. Speaking at a panel discussion at the Global Entrepreneurship Congress (GEC)…

Asharq Al-Awsat

Saudi ‘Jada’ Plans Attractive Investment Funds in NEOM

Saudi Arabia’s Jada Fund of Funds plans launching funds to attract investments in favor of NEOM, revealed Jada CEO Adel Al-Ateeq. “We are looking to increase the volume of Jada’s investment by more than SAR 4 billion ($1.06 billion),” Al-Ateeq told Asharq Al-Awsat.

Asharq Al-Awsat

Saudi Arabia Launches Campaign for Its Bid to Host Expo 2030 Riyadh

The Saudi capital Monday launched an ambitious global campaign for its bid to host the Expo 2030 Riyadh at a dazzling closing ceremony of the Kingdom’s pavilion at Expo 2020 Dubai. This campaign comes after Crown Prince Mohammad bin Salman having announced last October that Riyadh had submitted an official…

Evening Standard

Oleksandr Usyk vs Anthony Joshua: London faces competition from Saudi Arabia to host heavyweight title rematch

London is facing competition from Saudi Arabia to host Anthony Joshua’s heavyweight rematch against Oleksandr Usyk, with June 25 the preferred date.

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