The Latest Breaking News from Kingdom

The Saudi Cabinet on Tuesday affirmed the Kingdom’s support for efforts that led to a political solution to the Russia-Ukraine crisis to achieve security and stability. It reiterated standing by needy people around the world and alleviating their suffering, including providing urgent medical and shelter aid worth $10 million for…

The Council of Saudi Chambers (CSC) is seeking to open new markets to achieve food security for essential commodities amid the global supply chain crisis. The food supply chain crisis led to an increase in the prices of many food commodities and raw materials, and its impact included the oil…

Morocco has officially entered the international liquefied natural gas (LNG) market, Energy Minister Leila Benali reveled on Friday. She told a press conference in Rabat that this is the first time the Kingdom resorts to LNG to secure its energy needs. Benali said that Morocco has agreed with Spain and…

Fitch Ratings revised on Thursday the outlook for Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from “stable” to “positive”, while affirming the rating at "A". The Kingdom's rating reflects improvements in the sovereign balance sheet due to higher oil revenues and commitment to fiscal consolidation. The global ratings agency…

"Noppagao", a word that is special in Thai as it includes "gao" or "nine", which is regarded as the luckiest of all lucky numbers. At the same time, "noppagao" represents nine gems, each associated with a unique benefit or blessing. These precious stones feature in the insignia of the Kingdom's…

Arab Parliament Speaker Adel bin Abdulrahman Al-Assoumi has commended Saudi Arabia's announcement of $3 billion in financial aid to help the Yemeni economy. In a statement issued Thursday, Al-Assoumi appreciated the efforts of the Kingdom and the United Arab Emirates, their constructive initiatives and persistent endeavors in Yemen to reach…

Bahrain’s Ministry of Finance and National Economy has announced continued improvement in the financial and economic indicators of various economic sectors during Q1 2022, exceeding the pre-pandemic 2019 benchmarks. This improvement comes in line with the Kingdom’s launching of its economic recovery plan, which includes initiatives and strategies targeting several…

Crown Prince Mohammed bin Salman bin Abdulaziz, Deputy Prime Minister and Minister of Defense, received a phone call on Wednesday from UN Secretary-General Antonio Guterres, the Saudi Press Agency reported. During the telephone conversation, they discussed the regional and international developments, it said. The UN chief expressed his gratitude for…

Saudi Arabia and Kuwait stressed on Wednesday their right to exploit the natural resources in the Durra field. They invited Iran to negotiations over the delineation of the eastern border of the Submerged Divided Zone. The Saudi Foreign Ministry tweeted that the Kingdom and Kuwait had signed a Memorandum of…