The Latest Breaking News from Saudi Arabia

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.

Motorsport · Mar 29, 2022

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 · Mar 29, 2022

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 · Mar 29, 2022

Usyk Promoter Says Saudi Arabia Could Host Joshua Rematch

World heavyweight champion Oleksandr Usyk's rematch with Briton Anthony Joshua is likely to take place in late June with Saudi Arabia among the venues being considered, his promoter told Sky Sports. Usyk beat Joshua in front of a sell-out crowd at the Tottenham Hotspur Stadium in September to seize the…

Asharq Al-Awsat · Mar 29, 2022

OIC Urges Washington to Re-designate Houthis as a Terrorist Group

The Secretariat of the Organization of Islamic Cooperation (OIC) strongly denounced on Monday the military escalation by the Houthi militias against civilian targets in Saudi Arabia and the UAE. It urged the US to re-designate the Houthis as a terrorist group pursuant to the UN Security Council Resolution 2624. The…

Asharq Al-Awsat · Mar 29, 2022

Gulf states plan Yemen talks without Houthi rebels present

Gulf Arab states are holding a summit about the yearslong war in Yemen, which the country’s Houthi rebels are boycotting because it's taking place in Saudi Arabia, their adversary in the conflict

The Independent UK · Mar 29, 2022

King Salman Sponsors 'Umm al-Qura' Centennial on Wednesday

Custodian of the Two Holy Mosques King Salman bin Abdulaziz will sponsor on Wednesday the centennial celebration of the Umm al-Qura newspaper. Governor of the Makkah region Prince Khalid al-Faisal will represent King Salman at the event, which is being held by the Media Ministry. The Kingdom's official gazette, Umm…

Asharq Al-Awsat · Mar 29, 2022

Saudi FM, Blinken Discuss Bolstering Saudi-US Strategic Relations

Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan received a phone call from the US Secretary of State Antony Blinken on Monday. During the call, the two officials discussed the strategic relations between the Kingdom and the US and ways to boost them in all fields to serve the interests…

Asharq Al-Awsat · Mar 29, 2022

Deal opens up job market in Saudi Arabia

Thai and Saudi Arabian labour ministers have signed a memorandum of understanding (MoU) on the export of Thai labour that includes ensuring good conditions for workers in the Gulf state.

Bangkok Post · Mar 28, 2022

CPF hails historic Saudi chicken export

Charoen Pokphand Foods (CPF) has exported chicken products to Saudi Arabia for the first time since 2004, after getting the green light from Saudi food and drug authorities.

Bangkok Post · Mar 28, 2022