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The Latest Breaking News from Kingdom

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.

Asharq Al-Awsat

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

The Independent UK

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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

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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…

Asharq Al-Awsat

Saudi, Chinese FMs Review Developments and Means to Boost Ties

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah, and his Chinese counterpart, Wang Yi, signed on Thursday the executive work program of the Joint Saudi-Chinese Political Affairs Committee. The two ministers chaired, via video conference, the fourth meeting of the Political and Foreign Affairs Committee of the Sino-Saudi High-Level…

Asharq Al-Awsat

Putin: Saudi Crown Prince Supports Oil Market Stability

Russian President Vladimir Putin said on Thursday that Saudi Crown Prince Mohammed bin Salman deserved respect, stressing that Russia was determined to strengthen its relations with the Kingdom. Putin said that stability was important for oil markets, adding that the Saudi Crown Prince supported market balance and stability. He also…

Asharq Al-Awsat

CEO of TDF Highlights Potential of Saudi Tourism

Chief Executive Officer (CEO) of Saudi Arabia’s Tourism Development Fund Qusai bin Abdullah AI-Fakhri affirmed on Thursday that the Kingdom is significantly growing its tourism industry and has enormous projects and promising investment opportunities. On the third day of the activities of the Future Investment Initiative (FII), AI-Fakhri took part…

Asharq Al-Awsat

Barrack says he hoped Trump ties would appeal to UAE; denies being agent

Tom Barrack, a onetime fundraiser for Donald Trump, acknowledged under cross-examination on Thursday that he hoped his ties to the then-president would encourage a United Arab Emirates official to invest with his company, but said he did not agree to exchange political access for a business relationship.

Reuters

Saudi Arabia Seeks to Double Exports, Raise Number of Factories to 36,000 in 2035

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef has revealed that the Kingdom intends to double industrial exports by 2030 and anticipates that the number of factories will reach 36,000 by 2035. He made his remarks on the sidelines of the Future Investment Initiative (FII). The minister…

Asharq Al-Awsat

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Asharq Al-Awsat

King Salman Pardons 6 Pakistani Nationals at Shahbaz Shareef’s Request

Custodian of the Two Holy Mosques King Salman bin Abdulaziz ordered on Wednesday the pardon and release of six Pakistani nationals who were arrested in the Kingdom during the holy month of Ramadan. An official source at the Interior Ministry said the pardon came at the request of Pakistani Prime…

Asharq Al-Awsat

Saudi Arabia Tops G20 Countries in Tourism Recovery

Saudi Arabia has topped the G20 countries, which include the G20 economy, emerging market economies, and developing economies, at the level of economic recovery. Saudi ministers affirmed on Tuesday that work is underway to create a safe environment for long-term investments, as part of the sustainable development strategy. They pointed…

Asharq Al-Awsat

Reema bint Bandar: Revision of Saudi-US Ties Is a Positive Thing

Saudi Ambassador to the United States Princess Reema bint Bandar underscored the strength of the ties between Riyadh and Washington, describing them as strategic and dating back 80 years. In an interview to CNN aired on Tuesday, she said the United States’ revision of bilateral relations between Riyadh and Washington…

Asharq Al-Awsat

Chaired by Crown Prince Mohammed, Saudi Govt Reviews Recent Foreign Policy Efforts

Prince Mohammed bin Salman, Crown Prince and Prime Minister, chaired on Tuesday a Saudi cabinet session that was held in Riyadh. The ministers tackled the Kingdom’s foreign policy efforts at various regional and international events in recent days. The efforts are aimed at addressing common challenges, most notably humanitarian and…

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Asharq Al-Awsat

Saudi Energy Minister: Kingdom Is World’s Most Reliable Oil Supplier

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Tuesday that the Kingdom remained the world's most reliable oil supplier. The Kingdom had increased its sales to Europe to 950,000 barrels in September from 490,000 barrels the same time a year ago, he told the Future Initiative Investment (FII)…

Asharq Al-Awsat

UN Coordinator: Partnership with Saudi Arabia in Sustainable Development Goals Focuses on 4 Strategic Areas

United Nations Resident Coordinator in the Kingdom, Nathalie Fustier, said that partnership with Saudi Arabia was moving to a new stage, pointing to the progress achieved by the Kingdom in sustainable development. In remarks to Asharq Al-Awsat, Fustier said that the UN partnership with the Saudi government has evolved over…

Asharq Al-Awsat

Saudi Cycling Federation, Spanish Abarca Sports Sign Cooperation Agreement

The Saudi Cycling Federation and Spanish Abarca Sports (Movistar Team) have signed an agreement in the presence of the President of the Saudi Cycling Federation Abdullah Al-Wathlan and the President of Abarca Sports and General Manager of Movistar Team, Eusebio Unzue. The agreement aims to develop technical staff, enhance cooperation…

Al Jazeera

Analysis: The Russia-Ukraine war and the view from Saudi Arabia

Although cooperation with Moscow continued, kingdom also showed support for Kyiv as it sought role of useful mediator.

Asharq Al-Awsat

Saudi Arabia Supports UNRWA with $27 Million

Saudi Arabia has announced a contribution of $27 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), during a press conference held in Amman on Sunday. Saudi Ambassador to Jordan Nayef Al-Sudairy handed the Commissioner-General of UNRWA, Philippe Lazzarini, a check for…

Asharq Al-Awsat

Saudi Arabia, UN Official Discuss Lebanon

Saudi State Minister for Foreign Affairs Adel al-Jubeir held talk in Riyadh on Sunday with United Nations Special Coordinator for Lebanon Joanna Wronecka. The talks focused on cooperation between Saudi Arabia and the UN and the latest developments in Lebanon and the efforts exerted towards them. Wronecka also met with…

Asharq Al-Awsat

Saudi Crown Prince to Skip Arab League Summit in Algeria for Health Reasons

Prince Mohammed bin Salman, Crown Prince and Prime Minister, will not attend the Arab League summit in Algeria in November for health reasons. Custodian of the Two Holy Mosques King Salman bin Abdulaziz had issued a directive delegating Crown Prince Mohammed to lead the Kingdom’s delegation to the summit, however,…

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