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The Latest Breaking News from Kingdom

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…

Asharq Al-Awsat

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Saudi Crown Prince, Nigerian President Discuss Bilateral Ties

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, held telephone talks on Monday with President of Nigeria Muhammadu Buhari. Talks focused on bilateral relations and opportunities of cooperation between the Kingdom and Nigeria and ways to develop them.

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Saudi Arabia Registers 653 New COVID-19 Cases

Saudi Arabia announced on Monday 653 new COVID-19 cases and 1,081 recoveries in the past 24 hours. The Ministry of Health (MoH) also announced two new deaths, bringing the fatalities tally in the Kingdom to 8,998. The ministry’s data showed that the total number of infections in Saudi Arabia reached…

Asharq Al-Awsat

Saudi Crown Prince, Macron Discuss Ukraine Crisis

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, received on Sunday a telephone call from French President Emmanuel Macron. Talks focused on bilateral relations and cooperation opportunities in various fields. They also tackled the latest regional and international developments, including bolstering international peace. They addressed…

Asharq Al-Awsat

Saudi Arabia Confirms Abundance of Basic Commodities

Saudi Arabia’s Minister of Environment, Water and Agriculture and Chairman of the Food Security Committee, Abdulrahman Abdulmohsen AlFadley, confirmed that the supplies and stocks of food commodities in the Kingdom of Saudi Arabia are reassuring, and there are no concerns about abundance in the local markets against the backdrop of…

Asharq Al-Awsat

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Saudi Arabia Leads Middle East Countries In Digital Services

The Federation of Saudi Chambers signed on Thursday an agreement to host the UN Global Compact Network Saudi Arabia in Riyadh, with direct support from the United Nations Resident Coordinator Office. The agreement aims to enhance the role of the private sector and the continuity of corporate sustainability efforts to…

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UNGC Seeks to Attract 50 Saudi Companies for Sustainability Development Program

Asharq Al-Awsat

Kingdom’s Embassy in Ukraine Calls on Saudi Citizens to Contact it

The Saudi embassy in Kiev called on all Saudi citizens in Ukraine, who did not contact it during the previous evacuation period, to contact it as soon as possible. A foreign ministry statement said that the Kingdom is keen to protect the safety of its citizens everywhere.

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Niger, Mauritania Support Saudi Bid to Host Expo 2030

Niger President Mohamed Bazoum held talks with Advisor at Saudi Royal Court Ahmed Qattan and his accompanying delegation at the presidential palace in Niamey on Tuesday. Qattan conveyed the greetings of Custodian to the Two Holy Mosques King Salman bin Abdelaziz and Crown Prince Mohammed bin Salman. During the meeting,…

Asharq Al-Awsat

King Salman: Saudi State Has Since 1727 Consolidated Foundations of Peace, Stability

Custodian of the Two Holy Mosques King Salman bin Abdulaziz stressed on Tuesday that the Saudi state has since its establishment consolidated the foundations of peace, stability and justice. King Salman made the declaration in a tweet on the occasion of Founding Day that is being celebrated in the Kingdom…

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Saudi Founding Day Logo: Symbols Expressing Details of an Era

The Saudi flag, the palm tree, the falcon, the Arabian horse, and the market are five important symbols that reflect a lively heritage as the “Saudi Founding Day” logo. These are more than symbols because they carry a rich history of how the Kingdom was unified in 1727. Palm Tree…

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Saudi Founding Day Set to Witness Host of Events

Saudi cities will mark the Kingdom’s founding day on Tuesday with a host of events that take pride in the solid roots of the state, which span more than three centuries, and celebrate the close association of Saudi citizens with their leaders since the formation of the Saudi state in…

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Saudi Aramco Shares Soar Over 4%

Shares in Saudi Aramco soared over 4 percent to an all-time closing high in Monday’s trading session on the Saudi stock exchange. Saudi Aramco rose 4.1 percent to a record closing high of 39.25 riyals ($10.4). Its market cap exceeded 7.8 trillion riyals ($2.1 trillion). Last week, Crown Prince Mohammed…

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Saudis Celebrate Kingdom's Founding 3 Centuries Ago

Saudis celebrate on Tuesday the founding of the Kingdom 300 years ago by the first founder, Imam Mohammad bin Saud, on February 22, 1727. Custodian of the Two Holy Mosques King Salman bin Abdulaziz had issued an unprecedented Royal Decree in January declaring February 22 as Saudi Founding Day. It…

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Saudi, Egyptian Housing Ministers Review Urban Projects

Egypt’s Minister of Housing, Utilities, and Urban Communities, Assem el-Gazzar, visited Saudi Arabia and inspected major housing projects in Madinah. A press statement issued by the Egyptian Ministry said that the Minister listened to a detailed explanation of the residential projects in the city and other housing projects that the…

Asharq Al-Awsat

Arab Parliament Selects NEOM as Best Arab Project

The Arab Parliament has selected the Saudi city of NEOM as the best Arab project to achieve sustainable development in 2022. NEOM was chosen for promoting the concept of the future and sustainable development, as one of the models for building generations, creating smart cities, and supporting efforts to preserve…

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Asharq Al-Awsat

Saudi Arabia to Provide Financial, Logistical Support to Investors in Tourism

Saudi Arabia’s Tourism Development Fund said it was ready to partner with the chambers of commerce and the relevant sectors to promote the tourism industry and achieve projects’ sustainability. The Fund aims to enable one of the most vital sectors in the Kingdom, attract tourism investments and stimulate developments, in…

Asharq Al-Awsat

Star Rally Racers Ignite ‘Desert X Prix’ in NEOM

Witnessing the participation of a group of the most prominent stars of rally racing, led by Qatar’s Nasser Al-Attiyah, Spain’s Carlos Sainz and Sweden’s Timmy Hansen, Extreme E Season 2 for electric SUVs is set to kick off with the Desert X Prix in NEOM on Feb.

Asharq Al-Awsat

Arab Inter-Parliamentary Union Condemns Houthi Attacks on Saudi Arabia, UAE

The Arab Inter-Parliamentary Union has strongly condemned the Houthi militia attempts to harm the people, territory and sovereignty of Saudi Arabia and the UAE. This came in a statement following the union’s 32nd conference in Cairo on Friday, during which Sheikh Abdullah Al-Asheikh, the speaker of Saudi Arabia’s Shoura Council,…

Asharq Al-Awsat

Saudi Arabia’s Venture Capital Investments Achieve 770% Growth

A recent Saudi report revealed that the Kingdom’s venture capital investments achieved a growth of 770 percent, reaching a record-high of SAR 2 billion $548 million, up from SAR 236 million in 2018. The Saudi Venture Capital Impact report also showed that the number of investors in Saudi startups rose…

Asharq Al-Awsat

Saudi Arabia Supports Efforts To Develop Innovative Cultural Policies

Saudi Culture Minister Prince Badr bin Abdullah bin Farhan said that the Kingdom supports local, regional and international efforts to develop innovative cultural policies and promote the role of the cultural sector as a major factor of sustainable development. The minister’s remarks came during a high-level ministerial session of the…

Asharq Al-Awsat

Saudi Arabia, Oman Sign MoU in Food and Water Security

The Kingdom of Saudi Arabia and the Sultanate of Oman signed on Thursday a Memorandum of Understanding (MoU) to build relations of partnership and integration in order to achieve the strategic goals of the two countries on food and water security, the Saudi Press Agency reported. The MoU was co-signed…

Asharq Al-Awsat

Romanian Energy Minister: Saudi Arabia Expedites Global Energy Industry Ambitions

Romanian Energy Minister Virgil Daniel Popescu revealed plans for launching a gas pipeline from Azerbaijan through the Caspian Sea region, using the link between Romania and Hungary to the Central European markets. This comes at a time the world and Europe face uncertainty regarding the supply of Russian oil and…

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