The Latest Breaking News from Kingdom

Saudi Arabia strongly condemned on Thursday the attack on Azerbaijan’s embassy in the Iranian capital Tehran. The Foreign Ministry expressed the Kingdom’s solidarity with Azerbaijan and its people, calling for respecting diplomatic missions and the punishment of the perpetrators. Gulf Cooperation Council (GCC) Secretary-General Dr. Nayef Al-Hajraf slammed the attack,…

The Saudi Central Bank (SAMA) said that it expected the new project to regulate the banking system in the country to expand the definition of banking business, include the granting of credits, and specify accurately the system objectives and scope. In a statement on Thursday, SAMA said that one of…

Mytheresa, one of the world’s largest online retailers, intends to expand its business by launching a digital platform in Saudi Arabia. Mytheresa CEO Michael Kliger said the Saudi market was the most important in the region in terms of size, due to the Kingdom’s development plans. In an interview with…

Terra Drone, the Japan-based leading drone service provider, has announced closing a $14 million bridge round led by Wa’ed Ventures, the Kingdom-focused venture capital arm of Aramco. Through this investment, Terra Drone plans to open a new subsidiary in the Kingdom of Saudi Arabia to localize its drone services as…

Saudi Minister of Transport and Logistics Eng. Saleh Al-Jasser unveiled on Tuesday an international coalition led by a Chinese company, with 11 other international firms, to complete the design of the railway Landbridge Project that will connect the eastern and western parts of the Kingdom. The minister pointed to the…

The Saudi Foreign Ministry expressed on Tuesday the Kingdom’s strong condemnation of the tearing a copy of the Holy Quran by a Dutch extremist in The Hague, Netherlands. The ministry said such disgraceful acts provoke the feelings of Muslims around the world. The ministry reiterated the Kingdom's firm position on…

Custodian of the Two Holy Mosques King Salman bin Abdulaziz issued on Tuesday a royal order promoting and appointing 51 judges at the Board of Grievances, reported the Saudi Press Agency. President of the Board of Grievances and Administrative Judicial Council Sheikh Dr. Khalid bin Mohammed Al-Yousef said the royal…

The Saudi government reiterated on Tuesday the Kingdom’s stance that calls for spreading the principles of dialogue, tolerance and coexistence and shunning hatred and extremism. 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…

Saudi Arabia has signed agreements and MoUs of more than 10 billion Saudi riyals ($2.66 billion) to set up four investment funds to develop commercial, tourism and residential projects. A part of the investments will also be made in the field of real estate development and construction techniques. Moreover, Saudi…

The Saudi Red Sea Global awarded a Primary Infrastructure and Utility Contract of $266 million to the al-Ayuni Investment and Contracting to progress expansion at Amaala’s first phase of development across its Triple Bay masterplan. Red Sea Global is developing The Red Sea and Amaala destinations in the Kingdom. Al-Ayuni,…

Police have seized 1.1 tonnes of crystal methamphetamine of “ice” in less than a week, officers said on Tuesday, as the kingdom cracks down on smuggling that has surged since the country’s borders reopened.