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The Latest Breaking News from Saudi Arabia

Lucid Stock Is Racing Higher: What's Going On?

Lucid Group Inc (NASDAQ: LCID) shares are trading higher Thursday after the company on Wednesday announced plans to set up a new manufacturing facility in Saudi Arabia.

Benzinga

Lucid Secures $3.4B In Incentives, Funding For Saudi Arabia Plant

Expected to be completed in 2025, the new factory will create 4,500 jobs and increase Lucid's global production capacity to 500,000 EVs when fully operational.

InsideEVs

Biden, Saudi crown prince may meet for first time as soon as next month -CNN

U.S. President Joe Biden and Saudi Arabian Crown Prince Mohammed bin Salman could meet for the first time as soon as next month, CNN reported on Thursday, citing multiple sources.

Reuters

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Saudi Arabia Confirms Commitment to Global Compact for Migration

The Saudi Ministry of Human Resources and Social Development represented the Kingdom in the United Nations Forum on International Migration Review, which was held in New York this week for the first time since the adoption of the Global Compact for Safe, Orderly, and Regular Migration in December 2018. The…

Asharq Al-Awsat

Foundation Stone Laid for First Lucid Plant in Saudi Arabia

US-based Lucid Motors on Wednesday laid the foundation stone for its first-ever electric car plant outside the US at King Abdullah Economic City (KAEC) in the Saudi western city of Rabigh. Minister of Industry and Mineral Resources Bandar Alkhorayef announced that Saudi Arabia is targeting manufacturing of more than 300,000…

Asharq Al-Awsat

Newcastle United evening headlines with Matt Targett admission and Chris Wood injury update

Today's evening headlines include Matt Targett's future, Chris Wood's absence vs Arsenal and Simon Jordan's reaction to the 'Saudi Arabian' away kit

Chronicle Live

World’s Tallest Building Engulfed as Mideast Sandstorms Hit UAE

The world's tallest building disappeared behind a grey layer of dust on Wednesday as sandstorms that have swept the Middle East hit the United Arab Emirates, prompting weather and traffic warnings. The 828-metre (2,716 ft, 6ins) Burj Khalifa, which towers over Dubai and is usually visible across the busy financial…

Asharq Al-Awsat

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Partygate BYOB chief 'Party Marty' could become ambassador to booze-free Saudi Arabia

Boris Johnson's former principal private secretary Martin Reynolds left his role as one of No10's most senior officials in February, amid an exodus of staff as Partygate rocked Westminster

Daily Mirror

Lucid Sets Stage For First Overseas Manufacturing Facility With Partners In Saudi Arabia

Lucid Group Inc (NASDAQ:LCID) has set the stage for constructing AMP-2, a production factory in Saudi Arabia with a capacity of 155,000 electric vehicles. The agreement is estimated to provide financing and incentives to Lucid up to $3.4 billion in aggregate over the next fifteen years to build and operate a manufacturing…

Benzinga

Analysis-For Riyadh, Hezbollah setback is rare good news from Lebanon

For Saudi Arabia, losses for Iran's allies in a Lebanese general election mark a rare piece of good news from a country where Tehran has long been ascendant, and could play to Riyadh's advantage in a regional tussle for influence.

Reuters

Saudi female racer Juffali starts sportscar team, targeting Le Mans

Saudi Arabia’s first female racing driver, Reema Juffali, has set up her own sportscar team with the aim of competing in the Le Mans 24 Hours.

Autosport

Saudi Arabia takes a 5% stake in Nintendo

The Saudi Arabia public investment fund has made a couple of headlines lately as it invests in Japanese game development companies, and Nintendo is the next.

USA Today Sports Media Group

Joint push to spur Middle Eastern market

The Tourism and Sports Ministry and the Tourism Authority of Thailand (TAT) are expanding partnerships with airlines and online travel agencies (OTAs) to boost the number of arrivals from Saudi Arabia and the Middle East.

Bangkok Post

Pact to smooth Saudi trade, investment ties

The Board of Trade of Thailand has signed a memorandum of understanding (MoU) with the Federation of Saudi Chambers on cooperation in five areas to boost trade and investment between the two parties.

Bangkok Post

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Bangkok Post

Saudi ties may yield 200k jobs

Deputy Prime Minister and Foreign Minister Don Pramudwinai said Saudi Arabia is expected to provide about 200,000 vacancies for Thai workers as the two countries take another step closer after restoring bilateral ties.

Asharq Al-Awsat

Saudi Arabia Stresses Keenness on Stability of Iraq, Security in Syria

The Saudi government reiterated on Tuesday its keenness on stability in Iraq as it seeks to impose its sovereignty over all its territories. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held virtually. The Kingdom had expressed its position on Iraq during…

Asharq Al-Awsat

UAE President, Vice President Congratulate King Salman on Being Discharged from Hospital

President of the United Arab Emirates Sheikh Mohammed bin Zayed Al Nahyan congratulated on Tuesday Custodian of the Two Holy Mosques King Salman bin Abdulaziz on his discharge from hospital. In a cable, he wished King Salman long life and continuous health, hoping for further progress, prosperity, security and safety…

Asharq Al-Awsat

Saudi-Thai Roadmap to Boost Partnership in 4 Investment Sectors

Saudi Minister of Investment Khalid al-Falih announced that the developed Saudi-Thai road map would be further boosted by the new investments in tourism, healthcare, industry, and manufacturing operations. The Ministry of Investment in Riyadh organized the Saudi-Thai Investment Forum, with the participation of the Minister of Investment, the Thai Deputy…

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Asharq Al-Awsat

CEO of Red Sea Film Festival Foundation: Saudi Arabia Will Rise to Unique Position in World Cinema

Mohammed Al Turki, CEO of the Red Sea Film Festival Foundation, is confident that Saudi Arabia is on its way to claiming a "unique" position on the world cinema map. Asharq Al-Awsat sat down for an interview with Al Turki after last week's announcement of the establishment of the Red…

Bangkok Post

New trade deals agreed with Saudi Arabia

Fertiliser imports to Thailand among benefits of improved relations.

Bangkok Post

Nicklaus turned down '$100m offer from Saudi-backed tour

TULSA: Golfing icon Jack Nicklaus said he turned down an offer worth more than $100 million to act as one of the faces of the new Saudi Arabia-backed LIV Golf International Series, US reports said Monday.

Bangkok Post

Fresh start seeds new trade deals

The government is planning to import fertilisers from Saudi Arabia to ensure an adequate supply during the peak planting season, amid shortages in the wake of the Russia-Ukraine conflict, according to the Ministry of Foreign Affairs (MFA).

The Guardian - US

Jack Nicklaus says he turned down $100m to be face of Saudi-backed golf tour

Greg Norman was not the first choice to be the face of the Saudi-backed LIV Golf Series, whose Saudi Arabian organizers pursued and preferred Jack Nicklaus

Asharq Al-Awsat

Saudi Arabia Extends 2018 Deposit at Yemen Central Bank, Pays Final Installment

Saudi Arabia on Monday extended a deposit it gave the central bank of Yemen's legitimate government in 2018, and agreed to pay the final installment of the promised $2 billion, the central bank and Saudi ambassador to Yemen said. The Saudi finance ministry said the 2018 deposit duration would be…

USA Today Sports Media Group

Jack Nicklaus turned down more than $100 million to be face of Saudi Arabia-backed LIV Golf

"I said, ‘Guys, I have to stay with the PGA Tour. I helped start the PGA Tour.’”

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