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The Latest Breaking News from Kingdom

The value of trade exchange between Egypt and Saudi Arabia increased by 66.1% in the first 11 months of 2021, amounting to $8.3 billion compared to five billion during the same period in 2020, data from the country's statistics agency CAPMAS showed Tuesday. During the same period in 2021, Egypt’s…

Asharq Al-Awsat

Saudi Govt Reiterates Kingdom's Readiness to Mediate in Ukraine Crisis

The Saudi government reiterated on Tuesday the Kingdom's readiness to mediate between all parties in the Ukrainian crisis. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The ministers highlighted the telephone talks Crown Prince Mohammed bin Salman, Deputy Prime…

Asharq Al-Awsat

Global Defense Companies Discuss Relocating Regional HQs to Saudi Arabia

The Saudi Ministry of Investment signed 12 memoranda of understandings (MoUs) in the aerospace and defense sectors during the World Defense Show. The four-day event, organized by the General Authority for Military Industries, was launched in Riyadh on Sunday. The partnerships aim to advance manufacturing and systems development, promote technology…

Asharq Al-Awsat

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Princess Nourah Prize Highlights Saudi Women’s Excellence

While Riyadh celebrates Saudi women on International Women’s Day, eyes turn to the Princess Nourah bint Abdulrahman University (PNU), which is honoring the winners of Princess Nourah bint Abdulrahman University Prize for Women’s Excellence in its fourth edition. According to Mody AlKhalaf, the secretary-general of the award, the PNU prize…

Asharq Al-Awsat

Saudi Tripartite Agreement to Encourage Tourism Investment

The Saudi Ministries of Tourism and Environment and the Tourism Development Fund signed a memorandum of understanding (MoU) to enhance cooperation and encourage investment in the tourism sector in the Kingdom in line with the objectives of the national tourism strategy to contribute to achieving the goals of Vision 2030.…

Asharq Al-Awsat

Saudi Women Are Partners in Kingdom’s Development

The world celebrates International Women’s Day on March 8 to recognize women’s achievements, their essential role in the world, and supporting gender equality. The day marks public respect and appreciation of women for their economic, political, and social achievements. On International Women’s Day, Asharq Al-Awsat monitored reform steps taken by…

Asharq Al-Awsat

Oshkosh Defense Delivered 7,000 Military Vehicles in the Region

John Lazar, vice president and general manager of international programs at US-based Oshkosh Defense, underlined the company’s commitment to localizing Saudi Arabia’s defense and security industries, noting that the Kingdom constituted an attractive investment environment for the transfer of technologies and industries in the sector. In remarks to Asharq Al-Awsat,…

Asharq Al-Awsat

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Hana Al Omair: Filmmaker Inspired by Writing

When documenting the history of Saudi cinema, director Hana Al Omair emerges as one of the top figures who have fought and strived to consolidate the industry. She is still forging ahead in her mission of ensuring the prosperity of filmmaking in the Kingdom, especially after her appointment as chairwoman…

Asharq Al-Awsat

Saudi Crown Prince Launches Custodian of the Two Holy Mosques Scholarship Program Strategy

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Chairman of the Human Capability Development Program Committee, launched on Monday the Strategy of the Custodian of The Two Holy Mosques Scholarship Program. The Strategy marks the beginning of a new era in the scholarship program that will contribute to…

Asharq Al-Awsat

Saudi Arabia Local Industry Secured $21 Billion in Investment in 2021, Says Minister

Saudi Arabia attracted 81 billion riyal ($21.6 billion) of investments in the industrial sector in 2021 for both the private sector and joint ventures with government entities, the Saudi industry minister said on Monday. The Kingdom has set itself high targets for diversifying its economy and reducing its dependence on…

Asharq Al-Awsat

Int’l Companies Eye Development of Saudi Defense Industries

Several international defense companies have voiced their aspirations for participating in Saudi Arabia’s journey to develop its military industry through localizing technologies, productions, and jobs and expanding the vocational training sector in the Kingdom’s defense sector. These companies are partaking in the four-day defense exhibition, the World Defense Show (WDS),…

Asharq Al-Awsat

Saudi Stocks Rise after Kingdom Lifts COVID-19 Restrictions

Saudi Arabian shares closed higher on Sunday, tracking a rise in oil prices as the Kingdom lifted all COVID-19 restrictions, and the conflict in Ukraine intensified. Saudi Arabia's benchmark index ended up on a 0.4 percent rise, the highest peak recorded in July 2006, buoyed by petrochemical and energy stocks,…

Asharq Al-Awsat

Majida El Roumi Holds Her First Concert in Riyadh

Renowned Lebanese soprano Majida El Roumi mesmerized her fans at her first concert in Riyadh that was organized by Rotana and is part of the Riyadh Season. "We have come to send a message of love to the Kingdom, which was and still is a sanctuary that embraces Lebanese talent,…

Asharq Al-Awsat

Saudi Arabia Lifts All COVID-Related Restrictions

Saudi Arabia announced on Saturday it was lifting all coronavirus-related restrictions, effective immediately at the recommendation of health authorities. In a statement, the Interior Ministry highlighted the Kingdom's success in combating the pandemic, crediting it to the unlimited support accorded by the leadership and the successful vaccination campaign. Restrictions will…

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi Financial Sector Sees Remarkable Development

Saudi Finance Minister Mohammed Al-Jadaan said that work was underway to develop the financial sector in order to keep pace with the major transformations and enable the Kingdom to become one of the world’s largest financial hubs by 2030. Al-Jadaan, who heads the Financial Sector Development Program Committee in the…

Asharq Al-Awsat

Senior Scholars: Crown Prince’s Statements Reiterate Saudi Arabia’s Firm Approach Against Extremism

The General Secretariat of the Saudi Council of Senior Scholars has hailed the statements of Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, during his interview with the US-based The Atlantic magazine. During the interview, the Crown Prince reiterated that the Kingdom is based on Islam,…

Asharq Al-Awsat

Bahrain Says Partnership with US Strengthens Regional, Global Security

Bahrain’s Crown Prince Salman bin Hamad Al Khalifa affirmed that the Kingdom and the US would continue to boost their cooperation, reiterating the importance of pushing bilateral ties to advanced levels. The Bahrain News Agency (BNA) said that during his official visit to the US, Crown Prince Salman received the…

Asharq Al-Awsat

Saudi Arabia Ready to Mediate Between All Parties Related to Ukraine Crisis

Saudi Crown Prince Mohammed bin Salman told Russia's President Vladimir Putin in a phone call on Thursday the Kingdom is ready to exert all efforts to mediate between Russia, Ukraine and all parties related to the ongoing Ukrainian crisis, the Saudi Press Agency reported. The Crown Prince reiterated the Kingdom's…

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Asharq Al-Awsat

Crown Prince: Saudi Economy to Grow Around 7% in 2023

Saudi Arabia's economy is expected to grow around 7% in 2023, Crown Prince Mohammed bin Salman said. “Next year, the whole economy is going to grow by almost 7%, he said. "Saudi is not a small country, it's a G20 country growing fast. So where is the potential in the…

Asharq Al-Awsat

Saudi Crown Prince Says There’s an Opportunity to Boost Interests with US or Downgrade Them

Saudi Crown Prince Mohammed bin Salman said the Kingdom has “a long, historical relationship with America” and that there’s “a huge opportunity to boost” all interests. “And there is also a big possibility it could be downgraded in many areas,” he said. “Whether you want to win in Saudi Arabia…

Asharq Al-Awsat

Saudi Crown Prince Announces Establishment of Global Destination for Mountain Tourism in NEOM

Crown Prince Mohammed bin Salman announced on Thursday the establishment of TROJENA, the new global destination for mountain tourism, part of NEOM’s plan and strategy to contribute to supporting and developing the tourism sector in the region. The Crown Prince, who is Chairman of the NEOM Company Board of Directors,…

Asharq Al-Awsat

Saudi King Salman Receives King of Bahrain in Riyadh

Custodian of the Two Holy Mosques King Salman bin Abdulaziz received in Riyadh on Wednesday King of Bahrain Hamad bin Isa Al Khalifa. King Salman threw a luncheon banquet in honor of his guest. King Hamad had arrived in the Kingdom earlier on Wednesday where he was welcomed at King…

Asharq Al-Awsat

Lucid to Produce 150,000 EVs Per Year in Saudi Arabia

Lucid Group signed an agreement with the Saudi Ministry of Investment, the Industrial Development Fund, and the Economic City at King Abdullah Economic City to construct a plant in the Kingdom that will produce 150,000 electric vehicles (EVs) per year. The Public Investment Fund holds a significant stake of 62…

Asharq Al-Awsat

Saudi Arabia Stresses Commitment to Oil Market Stability

The Saudi government reiterated on Tuesday the Kingdom's commitment to the stability of the global oil market. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The ministers reviewed the telephone call received by Crown Prince Mohammed bin Salman from…

Asharq Al-Awsat

Saudi PIF Sets Framework for Green Financing

Saudi Public Investment Fund (PIF), the Kingdom's sovereign wealth fund, laid out plans on Monday for raising green debt as the world's top oil exporter strives to reach net-zero carbon emissions by 2060. The Fund published the green finance framework that will allow it to tap world markets to issue…

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