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The Latest Breaking News from Kingdom

Saudi FM Meets with Heads of Think Tanks and Research in Brussels

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah held talks on Tuesday with a number of heads and members of think tanks and research during his official visit to Brussels. Discussions focused on the importance of strategic relations between the Kingdom and the European Union and their role in…

Asharq Al-Awsat

Saudi Arabia's PIF Invests $1.3 Billion in 4 Local Construction Firms

Saudi Arabia's sovereign wealth fund has invested a total of $1.3 billion in four local construction firms to support the sector tasked with spearheading projects across the Kingdom, it said on Tuesday. The Public Investment Fund said it acquired new shares as part of capital increases representing significant minority stakes…

Asharq Al-Awsat

Saudi Invites Kuwaitis to Seize Giant Qualitative Investment Opportunities

Encouraging Kuwaiti investors to take advantage of investment opportunities and major qualitative projects in Saudi Arabia, Investment Minister Khaled Al-Falih affirmed that investment policies in the Kingdom require treating all Gulf investors as Saudis. Al-Falih pointed to Kuwait being one of Saudi Arabia’s most prominent trade partners. Witnessing a growth…

Asharq Al-Awsat

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More Saudi Aid for Quake Victims Arrives in Türkiye’s Gaziantep

A new Saudi plane loaded with medical and health relief arrived in Türkiye’s Gaziantep region to aid victims of last week’s devastating earthquake. The aircraft, the seventh to fly from the Kingdom, was carrying some 100 tons of aid that will go to a Turkish hospital in Gaziantep. Assistant Supervisor…

Asharq Al-Awsat

Pre-qualification Stage of Licensing for Five Exploration Sites Kicks off in Saudi Arabia

The Saudi Ministry of Industry and Mineral Resources announced on Sunday the launch of the pre-qualification stage for the tender of five metals exploration sites in the Kingdom. This follows the signing of the Ministry and Standard Chartered Bank (SCB) a memorandum of understanding to assess the requirements for sustainable…

Asharq Al-Awsat

Saudi Forum to Attract Kuwaiti Investments

''Invest in Saudi Arabia Forum'' will kick off Monday in Kuwait within the framework of Saudi Investment Minister Khaled al-Falih's visit to the country. Several ministers and officials, public entities, significant companies, and representatives of the private sector from both countries are expected to attend the forum. The forum aims…

Asharq Al-Awsat

Saudi Arabia Promotes 500 tons of Premium Coffee Beans

Saudi Arabia opened the 10th Saudi Coffee Festival, one of the major marketing outlets for premium coffee beans, referred to as Khawlani, in the Jazan region. Coffee is an important tourist attraction for the area, highlighting the Kingdom's most mountainous regions and its culture and traditions. More than 100 farmers…

Asharq Al-Awsat

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KSRelief to Open an Air Bridge within Hours to Aleppo

Saudi Arabia is coordinating efforts to operate direct relief flights to Aleppo, to provide medical, shelter, search, and rescue aid to those affected by the devastating earthquake that struck Syria and Türkiye, according to Saudi sources. The sources told Asharq Al-Awsat that the Kingdom was preparing to send thousands of…

Asharq Al-Awsat

Sixth Saudi Relief Plane Arrives in Türkiye to Aid Quake Victims

A sixth Saudi plane loaded with relief aid arrived in Türkiye’s Gaziantep to help victims of Monday’s devastating earthquake. The plane was carrying 98 tons of aid, including food, tents, blankets, mattresses and medical supplies. The assistance is being carried out in implementation of the orders of Custodian of the…

Asharq Al-Awsat

Saudi Housing Ministry Launches Kingdom’s First Metaverse Platform

The Ministry of Municipal, Rural Affairs and Housing announced the launching of Sakani Metaverse, the first platform of its kind in the Kingdom, in a step that aims at exploiting the interactive technology to raise the quality of life. The announcement came during the ministry’s participation in the LEAP 2023…

Asharq Al-Awsat

LEAP 2023 Witnesses Launching of National Geospatial Center

Experts at the LEAP 2023 conference, which concluded on Thursday in Riyadh, stressed that the future of smart cities depended on technical solutions, modern legislation, and the reduction of carbon emissions. This came as the General Authority for Survey and Geospatial Information announced the launching of the National Geospatial Centre,…

Asharq Al-Awsat

Inside Phil Mickelson's tumultuous year after Saudi comments and PGA Tour stars' opinion

Phil Mickelson had a remarkable fall from grace last year after his inflammatory comments on the human rights record of the Saudi Kingdom bankrolling LIV Golf

Daily Mirror

EC defends MP calculation method

The Election Commission (EC) is defending its MP calculation method, which takes into account non-Thai residents, for the coming election, saying it is in compliance with the kingdom’s civil registration law.

Bangkok Post

Shadow Economy in Saudi Arabia Touches 15%

Saudi Finance Minister and Chairman of the Zakat, Tax and Customs Authority (ZATCA) Mohammed Al-Jadaan – during a panel discussion held under the theme “Addressing the Shadow Economy Using Digital Solutions”, as part of the Riyadh-hosted Zakat, Tax and Customs Conference said that the shadow economy today has become prevalent…

Asharq Al-Awsat

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Asharq Al-Awsat

Funds, Financing Portfolios Allocate $1 Billion for Saudi Emerging Technologies

Eight investment funds and programs allocated 3.7 billion riyals ($1 billion) to support Saudi Arabia’s IT sector. On the sidelines of the LEAP 2023 conference in Riyadh, the Ministry of Communications and Information Technology unveiled on Tuesday investment funds to support the growth of startups and medium-sized companies, accelerate the…

Asharq Al-Awsat

UN Envoy in Riyadh, Aden to Discuss Efforts to Resolve Yemen Crisis

United Nations envoy to Yemen Hans Grundberg held talks in Riyadh and the interim Yemeni capital, Aden, aimed at reaching a political solution in the war-torn country. In the Saudi capital, he met with the Kingdom’s Ambassador to Yemen and Supervisor General of the Saudi Program for Development and Reconstruction…

Asharq Al-Awsat

Saudi Arabia Underscores Solidarity with Türkiye, Syria after Devastating Quake

The Saudi government underscored on Tuesday its solidarity with Turkey and Syria in wake of the devastating earthquake that struck them on Monday. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The ministers reviewed the latest regional and international…

Asharq Al-Awsat

Saudi Arabia Seeks to Promote 4th Industrial Revolution Technologies to Raise Productivity

Saudi ministers have revealed the Kingdom’s determination to harness technology in diversifying the economy, with the launching of new investments and activating the full potential of the fourth industrial revolution technologies in various sectors. Speaking during a session held on the first day of the LEAP 2023 conference in Riyadh,…

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Asharq Al-Awsat

Saudi Arabia Unveils Investments Exceeding $9 Billion with Launch of LEAP 2023

With the launch of the LEAP Tech 2023 conference - the largest global gathering for technology and digitization developments – on Monday in Riyadh, Saudi Arabia unveiled investments exceeding $9 billion to support future technologies and emerging companies in the Kingdom. More than 700 experts, scientists and specialized companies from…

Asharq Al-Awsat

Wide Arab, Int’l Solidarity with Earthquake Victims in Türkiye, Syria

Arab and foreign countries have voiced their solidarity with Türkiye and Syria following a devastating earthquake on Monday that killed hundreds and injured thousands. Saudi Arabia’s Crown Prince Mohammed bin Salman called Turkish President Recep Tayyip Erdogan and offered his condolences over the deadly 7.8-magnitude earthquake that struck Türkiye. During…

Asharq Al-Awsat

Saudi Arabia, Oman Agree to Maintain Coordination over Regional Issues

Saudi Arabia and Oman said on Monday they were determined to hold the first meeting of their coordination council during 2023. Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and his Omani counterpart Badr Albusaidi held consultative talks in Muscat on Monday aimed at tackling regional challenges and ways…

Asharq Al-Awsat

Saudi Leadership Condoles Erdogan on Quake Victims

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, has sent a cable of condolence and sympathy to Turkish President Recep Tayyip Erdogan, on the victims of the deadly earthquake that struck southern Türkiye. In his cable, the King “expressed his profound sorrow and pain on…

Asharq Al-Awsat

Aramco Announces Strategic Partnership with Zoom, Increase in Funding for Wa’ed Ventures

Saudi Aramco announced on Monday a strategic partnership with Zoom and an increase in funding for Wa’ed Ventures. The announcements were made at the second edition of LEAP, a major international technology conference held annually in Saudi Arabia. The strategic partnership with Aramco aims to build Zoom’s first global data…

Asharq Al-Awsat

Saudi Arabia Offers Condolences to Türkiye, Syria after Devastating Quake

Saudi Arabia offered on Monday its condolences to Türkiye and Syria in wake of the devastating quake that claimed at least 1,400 lives. The Saudi Foreign Ministry said the Kingdom was closely following the tragic developments in Türkiye and Syria. It expressed the Kingdom’s solidarity and sympathy with the families…

Asharq Al-Awsat

Saudi Corporate Confidence at Highest Rate in Two Years

The level of confidence among companies in the non-oil-producing private sector in Saudi Arabia rose to its highest rate in two years during January, according to the data of the Purchasing Managers’ Index (PMI), issued by Riyad Bank. The Kingdom’s Purchasing Managers’ Index touched 58.2 in January 2023, the second-highest…

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