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The Latest Breaking News from Kingdom

Saudi PIF to Sell 10% Stake in Tadawul Group

Saudi Arabia's Public Investment Fund (PIF) is selling a 10% stake in Saudi Tadawul Group, the owner and operator of the Kingdom's stock exchange, via an accelerated book-build offering, Reuters quoted a regulatory filing on Thursday. PIF, a sovereign wealth fund with over $600 billion in assets, has hired HSBC…

Asharq Al-Awsat

Saudi Arabia Condemns Attack by Houthis on Qena Port in Shabwa

Saudi Arabia’s Foreign Ministry condemned in a statement on Thursday the targeting of civilian and vital facilities in Yemen a day after the Houthi militias launched a terrorist drone attack on the southern Qena port in Shabwa. The Ministry underscored the Kingdom’s firm stance in support of all what ensures…

Asharq Al-Awsat

A Look at the Saudi Green Transition

As part of Saudi Arabia’s endeavor to build a greener future for all, the Kingdom is following a path that covers many axes, by applying the circular carbon economy model, investing in the green transition, enhancing cooperation and knowledge transfer efforts, and activating partnerships between the public and private sectors.…

Asharq Al-Awsat

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Calls for Involving Governments in Protecting Energy Sector against Cybersecurity Threats

While Saudi Arabia’s classification in cybersecurity jumped to second place globally, the Kingdom has accomplished one of its initiatives in empowering women adopted by Crown Prince Mohammed bin Salman at the first edition of the Global Cybersecurity Forum (GCF). Women’s participation in the cybersecurity sector has increased from 7% to…

Asharq Al-Awsat

S. Korea Keen on Investing in Saudi Mega Projects

Saudi Arabia and South Korea are seeking to strengthen investment partnerships, develop infrastructure, and exploit modern technologies in several sectors, including transportation, logistics, smart cities, and housing. A South Korean delegation, comprised of several officials and a group of private investors, is currently visiting the Kingdom. South Korean companies are…

Asharq Al-Awsat

SPARK to Launch Organic Fertilization to Lock Humidity in Saudi Arabia’s Sands

With the launch of the 2022 United Nations Climate Change Conference (COP27) in Sharm El-Sheikh, which will witness the holding of the largest regional gathering in support of the two Saudi initiatives - the Green Middle East and Green Saudi Arabia - the King Salman Energy Park (SPARK) is emerging…

Asharq Al-Awsat

Riyadh Sends Six Ministers, Climate Envoy to SGI Forum in Sharm El-Sheikh

Saudi Arabia has revealed the program and speakers for the second edition of the Saudi Green Initiative (SGI) Forum. Taking place 11 – 12 November 2022 on the sidelines of COP27 in Sharm El Sheikh, the two-day event will convene an elite lineup of climate experts and thought leaders to…

Asharq Al-Awsat

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Saudi Embassy in US Participates in 'Cat Walk' Initiative

Saudi Arabia’s embassy in the US participated in the 2nd edition of the global initiative “Cat Walk.” The event is organized by the Catmosphere organization, which is concerned with supporting initiatives to conserve endangered wild cats. This took place in the presence the Saudi ambassador to the US, Princess Reema…

Asharq Al-Awsat

Alarm on Capitol Hill over Saudi investment in Twitter

Possible access to users’ data could pose national security risk and could be used to target kingdom’s dissidents

The Guardian - UK

Film Commission Inaugurates Saudi Arabia's Participation in Carthage Festival

The Film Commission has recently inaugurated the Kingdom's participation as a guest of honor in the 33rd session of the Carthage Film Festival, the Saudi Press Agency (SPA) reported. This came during a ceremony held in the Cultural City in the Tunisian capital, in the presence of the Saudi delegation…

Asharq Al-Awsat

Saudi Arabia Will Host the Next Arab Summit

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah announced on Wednesday that the Kingdom will host the next Arab League summit. Speaking at the closing meeting of the Arab summit in Algeria, he praised the efforts that have been made to ensure its success. Riyadh praises the outcomes of…

Asharq Al-Awsat

Saudi Arabia Advances 10 Places in Green Future Index 2022

Environmental initiatives and programs, including the Green Saudi Arabia and the Green Middle East initiatives, as well as the carbon circular economy and energy transformations, have contributed to advancing Saudi Arabia’s ranking in the Green Future Index for 2022. Issued by the MIT Technology Review of the Massachusetts Institute of…

Asharq Al-Awsat

Saudi-German Business Forum Discusses Industrial Cooperation

Saudi Arabia and Germany discussed industrial cooperation, especially in the automobiles, medical technology, and artificial intelligence sectors, at the Saudi-German Business Forum. Organized by the Federation of Saudi Chambers, the Forum was held in Riyadh with the participation of more than 40 Saudi and German companies, from various economic sectors,…

Asharq Al-Awsat

Warnings of Imminent Iranian Attacks on Regional Countries

The United States is concerned about threats from Iran against Saudi Arabia and will not hesitate to respond if necessary, a White House spokesperson said on Tuesday. The Wall Street Journal reported that Saudi Arabia had shared intelligence with the US, warning of an imminent attack from Iran on targets…

Asharq Al-Awsat

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Asharq Al-Awsat

THE LINE Exhibition Comes to Riyadh to Showcase Revolutionary Designs

NEOM has announced the launch of THE LINE Experience, the third edition of the exhibition that will showcase NEOM’s futuristic city’s innovative urban designs in the Kingdom’s capital. Set to be hosted at the Diriyah Biennale Foundation for Contemporary Art at Diriyah’s JAX district, the exhibition will welcome guests over…

Asharq Al-Awsat

Translation Forum to Discuss Challenges, Technologies in Riyadh

The Saudi capital is set to host the 2nd edition of the Translation Forum 2022, described as the largest translation gathering in the region, to discuss the modern trends and techs in the translation industry, and the new, promising opportunities offered by the technological advancement driven by machine learning and…

Asharq Al-Awsat

On Behalf of King Salman, Saudi FM to Represent Kingdom at Arab Summit

On behalf of Custodian of the Two Holy Mosques King Salman bin Abdulaziz, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah will represent the Kingdom at the two-day Arab League summit that will kick off in Algeria on Tuesday. Prince Faisal departed the Kingdom on Tuesday at the head…

Asharq Al-Awsat

World Bank: Saudi Green Initiatives Will Grow Region’s Economy to $13 Trillion by 2050

The World Bank confirmed that Saudi green initiatives will grow the region's economy to $13 trillion by 2050.

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The Independent UK

Oil giant Saudi Aramco has $42.4B profit in third quarter

Oil giant Saudi Aramco is reporting a $42.4 billion profit in the third quarter of this year, buoyed by higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide

Asharq Al-Awsat

ENGIE: We Are Working with Saudi Arabia to Transition to Carbon-Neutral Economy

ENGIE CEO Catherine MacGregor affirmed that her company’s work in Saudi Arabia aligns with the Kingdom’s national transformation plan, Vision 2030, and its focus on accelerating the transition to a carbon-neutral economy. MacGregor pointed out that ENGIE, since the start of its business in Saudi Arabia more than two decades…

Asharq Al-Awsat

Saudi Q3 GDP Grows 8.6% y/y

Saudi Arabia's gross domestic product expanded by 8.6% in the third quarter compared with the same period in 2021, according to initial government estimates on Monday, as the world's top oil exporter benefits from higher energy prices. Growth was largely driven by a 14.5% increase in oil activities, the General…

Asharq Al-Awsat

Saudi Arabia to Auction 5 New Mining Licenses for Local, Int’l Investors

Saudi Arabia announced five new mining opportunities for exploration sites across the Kingdom that contain copper, zinc, silver, and lead for local and foreign investors. Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim AlKhorayef announced the five new explorations sites: Bir Umq, Ar Ridaniyah, Umm Hadid, Jabal Sahabiyah,…

Asharq Al-Awsat

Saudi Arabia Expresses Condolences to South Korea over Deadly Crowd Surge

The Saudi Ministry of Foreign Affairs has expressed the Kingdom’s condolences to South Korea following a deadly stampede in Seoul, the Saudi Press Agency reported Sunday. The Kingdom expressed its sincere condolences to the families and friends of the victims, and to the leadership, government and people of South Korea,…

Asharq Al-Awsat

Saudi Industry Minister to Visit Australia to Discuss Investment Opportunities in the Kingdom

A Saudi delegation headed by Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef is scheduled to visit Australia to discuss with Australian officials investment opportunities in the Kingdom’s mining sector. The delegation includes a number of ministry officials, led by the Deputy Minister for Mining Affairs, Eng.

Asharq Al-Awsat

Saudi Energy Minister, Pakistani Finance Minister Hold 1st Meeting of Steering Committee

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman and Pakistan's Finance Minister Ishaq Dar held on Thursday the first meeting of the Saudi-Pakistani Steering Committee of the Economic Pillar. Prince Abdulaziz confirmed in a statement that the Kingdom considers Pakistan an important partner in its development plans and programs. He…

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