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The Latest Breaking News from Kingdom

Upcoming Large Economic Projects to Link Saudi Arabia, Oman

Abdulsalam Al Murshidi, the executive president of the largest sovereign wealth fund of the Sultanate of Oman, has affirmed that economic ties between Oman and Saudi Arabia have taken great strides towards integration and strengthening the partnership between the two countries. “What happened during the past two years, specifically after…

Asharq Al-Awsat

Saudi Arabia Aims to Boost National Automotive Industry

The Saudi Ministry of Industry and Mineral Resources signed a memorandum of understanding with Hyundai Motor Company to promote the automotive industry in the Kingdom. The MoU was signed in the presence of the Minister of Industry and Mineral Resources, Bandar al-Khorayef, and the Minister of Economy and Planning, Faisal…

Asharq Al-Awsat

SAMA to Begin Implementation of Basel III Reforms in Early 2023

The Saudi Central Bank (SAMA) announced on Wednesday that the Basel III reforms would come into force in the Kingdom’s banking sector in January 2023. “The move is in line with the internationally agreed timeline set by the Basel Committee on Banking Supervision,” SAMA said in a press statement. The…

Asharq Al-Awsat

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Saudi, Russian FMs Discuss Ukraine Crisis

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah received on Wednesday a telephone call from his Russian counterpart Sergei Lavrov. Their talks focused on the latest developments in the Ukraine crisis. Prince Faisal underscored to Lavrov Saudi Arabia’s efforts with all involved parties, adding that the Kingdom supports international…

Asharq Al-Awsat

Director Tawfik Al-Zaidi Tells Asharq Al-Awsat: ‘Noura’ Resembles AlUla in its Connection with Human, Art

Saudi film director Tawfik Al-Zaidi expected the revenues of the Saudi cinema to hit one billion Saudi riyals by the end of 2022, after it exceeded 900 million riyals in November, highlighting the vital role Saudi Arabia has played in the cinema industry since 2018. During an interview with Asharq…

Asharq Al-Awsat

Saudi Arabia Reiterates Support to Iraq’s Security, Sovereignty

The Saudi government reiterated on Tuesday the Kingdom’s stance in support of Iraq as it seeks to preserve its security and sovereignty. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The government renewed the Kingdom’s commitment to Iraq’s efforts…

Asharq Al-Awsat

Saudi Arabia Approves New Center for Special Economic Zones in Riyadh

Official information revealed that higher authorities have approved the organizational arrangements for a new center for economic zones in Riyadh. The Royal Commission for the Saudi capital would be the competent authority to supervise these zones. Last year, Crown Prince Mohammad bin Salman revealed a new strategy for the development…

Asharq Al-Awsat

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Saudi Arabia, Japan Sign 15 Agreements, Establishing Qualitative Partnership

The Saudi-Japanese Investment Forum in Riyadh resulted in the signing of 15 agreements covering technology, artificial intelligence, industry and clean energy. Riyadh and Tokyo announced they plan to move to a qualitative partnership as an essential pillar for joint future-building projects in industrial and digital transformation. The forum stressed the…

Asharq Al-Awsat

Saudi Arabia Ranks 1st Globally Among Donors in Offering Development Assistance in 2021

Advisor at the Royal Court and Supervisor General of King Salman Humanitarian Aid and Relief Center (KSrelief) Dr.

Asharq Al-Awsat

New Saudi Regulations Aim to Promote Investment in Tourism

The Saudi Ministry of Tourism issued on Sunday 10 new regulations to keep pace with the Kingdom’s development as part of effort to provide an attractive environment for investment in Saudi tourism. The new Saudi measures aim to improve the quality of services and protect the rights of tourists, in…

Asharq Al-Awsat

Saudi Arabia to Transform Makkah, Madinah into Global Islamic Business Hub

Saudi Arabia seeks to transform Makkah Al-Mukarramah and Al-Madinah Al-Munawwarah in the west of the Kingdom into a center for financial and business activities in the Islamic world. Three economic entities are joining forces to turn the two cities into a center for business activities, and a platform for knowledge…

Asharq Al-Awsat

Saudi Arabia, Japan Sign Clean Energy Cooperation Document

Saudi Arabia and Japan signed a memorandum of cooperation (MoC) on Sunday in the fields of the circular carbon economy, carbon recycling, clean hydrogen and fuel ammonia, the Saudi Energy Ministry said on Twitter. The MoC was signed by Saudi Energy Minister Prince Abdulaziz bin Salman and Japanese Industry Minister…

Asharq Al-Awsat

Yemen’s Al-Mahra Receives 2nd Batch of New Saudi Oil Derivatives Grant

Yemen’s al-Mahra province received on Saturday the second batch of the new Saudi oil derivatives grant. The Kingdom had announced that it would be providing the war-torn country with USD 200 million in oil grants through the Saudi Development and Reconstruction Program for Yemen (SDRPY). The first batch totaled 70,000…

Asharq Al-Awsat

Environmental Violations Cost $23b in Saudi Arabia

Saudi environmental officials revealed that violations have resulted in an estimated annual loss of SAR 86 billion ($23 billion) and pointed to security authorities fighting off 9,200 environmental violations during the last three years. In 2022 alone, the Kingdom’s authorities registered 3,500 environmental violations. Colonel Abdul Rahman bin Qadan Al-Otaibi…

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi Arabia, Türkiye to Boost Investment, Trade Exchange

Saudi Arabia and Türkiye affirmed that a current opportunity is present for improving and accelerating joint activities, increasing investments, and raising the volume of trade exchange. The Kingdom has an incentive to improve and accelerate its joint activities with Türkiye in the post-pandemic period, said Saudi Investment Minister Khalid Al-Falih.…

Asharq Al-Awsat

Experts to Asharq Al-Awsat: Saudi Intellectual Property Strategy to Generate Initiatives, Attract Quality Investments

Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the launch of the National Intellectual Property Strategy to support the Kingdom’s economy based on innovation and creativity.

Asharq Al-Awsat

Saudi Oil Exports Reach $25.5 Bln in Oct.

The value of Saudi oil exports during October 2022 reached 95.8 billion riyals ($25.5 billion), compared to 82.1 billion riyals ($21.9 billion) during October 2021, with an increase of (14 billion riyals), a percentage of 17. According to the General Authority for Statistics (GASTAT), oil exports represented 77.5 percent of…

Asharq Al-Awsat

Saudi Crown Prince, Georgia PM Hold Official Talks in Riyadh

Prince Mohammed bin Salman, Crown Prince and Prime Minister, held talks in Riyadh on Wednesday with Prime Minister of Georgia Irakli Garibashvili, who is on an official visit to Saudi Arabia. Garibashvili was accorded a formal reception at the al-Yamamah palace. He then held official talks with Crown Prince Mohammed,…

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Asharq Al-Awsat

Saudi Arabia Shocked at Afghan Govt’s Decision to Deny Girls Right to University Education

The Saudi Foreign Ministry expressed on Wednesday Kingdom's shock and regret at the Afghan caretaker government’s decision to deny girls the right to university education, reported the Saudi Press Agency. It called on the government to reverse its decision, which has shocked all Islamic countries, it added. The move goes…

Asharq Al-Awsat

Saudi Govt Stresses Kingdom’s Support to Security, Stability of Sudan

The Saudi government praised on Tuesday the Sudanese parties for signing a deal to relaunch a transition towards democratic elections. Prince Mohammed bin Salman, Crown Prince and Prime Minister, chaired the cabinet meeting that was held in Riyadh. The government stressed the Kingdom’s support for everything that would help achieve…

Asharq Al-Awsat

Saudi FM: We Reject Any Assault on Iraqi Territory

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah underscored on Tuesday the Kingdom’s categorical rejection of any assault on Iraqi territory. Saudi Arabia stands by Iraq in its fight against terrorism and extremism, he said at the second Baghdad Conference for Cooperation and Partnership, at the Dead Sea, Jordan.…

Asharq Al-Awsat

Finland Looks for Strategic Partnership with Saudi Arabia in Hydrogen, Green Energy Fields

At a time when Finland is looking forward to maximizing its strategic partnership with Saudi Arabia, a Finnish diplomat revealed that Helsinki is looking to intensify student exchange, tourism, investments, and trade with Riyadh in the coming period. Huge projects included in Saudi Arabia’s national transformation plan, Vision 2030, offer…

Bangkok Post

CP LAND launches significant brand refresh

CP Land Public Company Limited, one of Thailand’s leading real estate developers, established over 40 years ago, is laying the foundation for its future growth with a significant refresh of its company brand. The aim is to increase the association of the company’s corporate image with future-forward, world-class development trends…

Asharq Al-Awsat

Saudi Arabia, Azerbaijan Agree to Establish Joint Business Council

The Federation of Saudi Chambers (FSC) and the Small and Medium Business Development Agency in Azerbaijan signed on Monday an agreement to establish a joint business council in efforts to enhance intra-trade between the Kingdom and Azerbaijan and increase the volume of trade and investment cooperation. The signing of the…

Asharq Al-Awsat

Arab League Rejects European Parliament Resolution on Bahrain

The Arab League expressed on Monday its “full solidarity” with Bahrain and rejection of a European Parliament resolution on human rights in the kingdom. In a statement, the Arab League said its general secretariat has observed over the years the development of the rights situation in Bahrain. It has recorded…

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