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The Latest Breaking News from Kingdom

Saudi Arabia Prepares to Launch Individual Savings Sukuk

The Saudi Ministry of Finance and the National Debt Management Center (NDMC) are seeking to develop and launch individual savings Sukuk to motivate individuals to design better plans for the future and seek strategic partnerships with the private sector. The two entities signed a memorandum of understanding (MoU) with SNB…

Asharq Al-Awsat

Saudi Arabia Issues 900,000 Umrah Permits, Visas

Saudi Arabia’s Deputy Hajj Minister Abdulfattah Mashat has confirmed that there are no restrictions on the number of people allowed to perform Umrah from outside the Kingdom.

Asharq Al-Awsat

King Salman Receives Message from President of Bangladesh

Custodian of the Two Holy Mosques King Salman bin Abdulaziz received on Wednesday a written message from President of Bangladesh Mohammad Abdul Hamid. The written tackled bilateral ties between Saudi Arabia and Bangladesh. Abdul Hamid also expressed his country’s support to the Kingdom’s bid to host Expo 2030 in Riyadh.…

Asharq Al-Awsat

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Saudi Arabia: Stability of Oil Market Pivotal to Kingdom’s Energy Strategy

The Saudi government stressed on Tuesday the great need to commit to oil production in line with the agreements reached by OPEC and OPEC+. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Jeddah. The government tackled the outcomes of 31st…

Asharq Al-Awsat

Saudi Arabia Operates New Salwa Crossing with Qatar

Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, launched on Monday the trial operation of the passengers’ section at the new Salwa crossing, which links Saudi Arabia with Qatar. He noted that the crossing would primarily contribute to enhancing vehicle and passenger traffic, in addition to promoting…

Asharq Al-Awsat

Foreign Capital Represents 39% of Saudi Industrial Sector Investments

The Ministry of Industry and Mineral Resources said on Sunday that foreign or joint capital investments represent about 39 percent of the total investments in the industrial sector in the Kingdom. The ministry also revealed that the total number of existing and under construction factories until the end of last…

Asharq Al-Awsat

Oxford Economics Predicts Saudi Economy to Cross $1 Trln Mark in 2022

Oxford Economics has predicted that the Saudi economy will cross the trillion-dollar mark for the first time this year. The leader in global economic forecasting and econometric analysis pointed out that the growth rate of Saudi Arabia's national product will reach 7.5 % during 2022. The International Monetary Fund has…

Asharq Al-Awsat

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Legendary singer Engelbert Humperdinck set for Thailand tour

Legendary pop singer Engelbert Humperdinck will kick off his tour across the Kingdom with the live concert "The Legendary Engelbert Humperdinck In Hua Hin", at the InterContinental Hua Hin Resort in Prachuap Khiri Khan, on Aug 20 at 6pm.

Bangkok Post

Saudi Industry Minister: Percentage of National Products in Some Retail Stores Reaches 70%

The Saudi Exports Development Authority has signed joint cooperation agreements with the largest retail stores in the Kingdom with the aim of allocating to display national goods that apply to the “Saudi Made” identity, the Saudi Press Agency reported Sunday. The largest local stores in the Kingdom began to allocate…

Asharq Al-Awsat

Saudi Arabia Condemns Israeli Attack on Gaza

Saudi Arabia condemned and denounced on Saturday the Israeli attack on the Gaza Strip. The Saudi Ministry of Foreign Affairs affirmed in a statement that the Kingdom stands by the Palestinian people, calling on the international community to assume its responsibilities to end the escalation. It also said the international…

Asharq Al-Awsat

Saudi MAWANI Adopts Regulations in line with Commercial Maritime System

The Saudi Ports Authority (MAWANI) has revealed a new set of regulations governing the activities of shipping agents in the Kingdom’s maritime sector, which comes in line with the objectives of the National Strategy for Transport and Logistics Services. The strategy aims at enhancing the services provided by shipping agents,…

Asharq Al-Awsat

Saudi Revenues Jump 50% in 1st Half of 2022, with $36 Bn Surplus

In a performance that exceeded the targeted budget surplus for 2022, the Saudi Ministry of Finance disclosed on Thursday a record increase in revenues during the first half of this year, driven by a surge in oil prices and the fast growth of the non-oil sector. Experts told Asharq Al-Awsat…

Asharq Al-Awsat

Mouallimi Concludes 11-Year Tenure as Saudi Ambassador to UN

Saudi Arabia’s Abdallah Al-Mouallimi has concluded an 11-year tenure as the Kingdom’s top envoy to the UN.

Asharq Al-Awsat

Aramco, Sinopec Sign New MoU

Aramco and China's oil refiner Sinopec signed a Memorandum of Understanding on Wednesday in Riyadh for multiple potential collaborations in Saudi Arabia. The MoU outlines pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in China and…

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi Arabia Submits Bid to Host 2029 Asian Winter Games in NEOM

The Saudi Olympic and Paralympic Committee officially submitted a letter of interest to the Olympic Council of Asia (OCA) to host the 10th Asian Winter Games (AWG) in TROJENA, NEOM’s global destination for mountain tourism. The letter included a brief of the Kingdom’s ambitious Vision 2030, which will support TROJENA…

Asharq Al-Awsat

Number of SMEs Jumps 68% in Saudi Arabia

The number of small and medium enterprises (SMEs) in Saudi Arabia increased by about 68 percent, reaching 752,500 during Q1 of 2022, in light of the incentives provided by Vision 2030. A recent report by the Digital Transformation Program, a copy of which was reviewed by Asharq Al-Awsat, showed that…

Asharq Al-Awsat

Saudi Arabia Establishes New Authorities to Support the Investment, Development System

Saudi Arabia continued exerting efforts to attract investments and expand the local development project, announcing the establishment of two independent bodies to promote investment and another for roads. The Saudi cabinet approved the establishment of the Saudi Investment Promotion Authority (SIPA) to achieve cooperation among various parties and support all…

Asharq Al-Awsat

Saudi Arabia Requires Social Media Influencers to Obtain License to Publish Ad Content

Saudi Arabia’s General Commission for Audiovisual Media issued a decision requiring individuals to obtain a license to publish advertisement content on their personal social media platform. “This move will help regulate the advertising sector and digital content in the Kingdom,” the authority said. It called on those who wish to…

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Asharq Al-Awsat

Saudi Arabia Supports Aspirations of Vision 2030 Through Research, Innovation

The Research, Development and Innovation Development Authority, which was established in June 2021, is holding successive workshops to develop the national strategy for the sector, to be announced at a later stage, within efforts to achieve the aspirations of Saudi Vision 2030. Engineer Abdulwahed Alghanem, President of the Saudi Association…

Asharq Al-Awsat

Saudi Arabia Posts Highest Economic Growth Since 2011

The Saudi General Authority for Statistics (GASTAT) revealed on Sunday that the Kingdom’s real gross domestic product (GDP) jumped by 11.8 % year-on-year (YoY) in the second quarter of 2022. The announcement countered International Monetary Fund projections that the economy will grow at 7.6% this year, the highest growth among…

Asharq Al-Awsat

Saudi Private Sector to Explore Agricultural Investment Opportunities in 10 Arab Countries

The Saudi private sector plans to explore investment opportunities in the agricultural sector in 10 Arab countries, including Saudi Arabia, official data revealed on Saturday. The Federation of Saudi Chambers (FSC) had presented a comprehensive and detailed list on the future projects in the specified countries, to benefit the companies…

Asharq Al-Awsat

HRC President Praises Saudi Arabia’s Success in Combating Human Trafficking

President of the Saudi Human Rights Commission (HRC) and Chairman of the National Committee to Combat Trafficking in Persons Dr.

USA Today Sports Media Group

Paul Casey says LIV players are not trying to damage golf: ‘We leave this to those in charge of the Tour’

Casey had some strong opinions on his former professional tours ahead of his LIV Golf debut.

Asharq Al-Awsat

New Ruins Found in Saudi Arabia’s Al-Faw

A team of archaeologists from Saudi Arabia and around the world have discovered new archaeological sites in the Al-Faw Archaeological Area, the capital of the ancient Arab Kindah Kingdom, the Heritage Commission announced on Tuesday. The Commission confirmed that it has recently discovered more secrets about the capital of the…

Asharq Al-Awsat

IMF Raises Saudi Economic Growth Forecasts

The International Monetary Fund (IMF) has raised its 2023 growth forecasts for Saudi Arabia’s economy by 0.1% from April to 3.7%. It maintained its projections for the Kingdom’s economic growth during 2022 at 7.6% compared to 4.4% in January. This was revealed Tuesday in its World Economic Outlook report for…

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