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The Latest Breaking News from Kingdom

Saudi Arabia’s inflation rate dropped to 2.7 % in March, against 3 % recorded in February, according to the latest report released by the General Authority for Statistics (GASTAT). The consumer price index bulletin of March attributed the Kingdom’s low inflation to the strength of the Saudi economy and the…

Asharq Al-Awsat

Crown Prince Launches 4 New Special Economic Zones in Saudi Arabia

Prince Mohammad bin Salman bin Abdulaziz, Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs, launched on Thursday four new Special Economic Zones in Saudi Arabia in line with his commitment to strengthening the Kingdom's position as a global investment destination. The new Special Economic…

Asharq Al-Awsat

Inflation in Saudi Arabia Drops in March

The inflation rate in the Kingdom remained relatively stable in the first quarter of 2023, reaching 3.4% in January, going down in February to 3%, and standing at 2.7% in March, achieving relative stability in the first quarter of 2023. The Consumer Price Index for March 2023 reflects the stability…

Asharq Al-Awsat

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Bipartisan US Efforts to Strengthen Relations with Saudi Arabia

White House National Security Advisor Jake Sullivan recently phoned Saudi Arabia’s Crown Prince Mohammed bin Salman, while senior Republican senator Lindsey Graham visited him, highlighting a growing bipartisan interest in strengthening the historical ties between the US and the Kingdom. Recent interactions between senior Saudi leaders and both Democratic and…

Asharq Al-Awsat

Saudi FM Discusses Political Solution in Syria with UN Envoy

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah received on Wednesday a telephone call from United Nations envoy to Syria Geir Pedersen. The officials discussed means to reach a political solution to the crisis in Syria and the envoy’s efforts to that end. Prince Faisal underscored the Kingdom’s keenness…

Asharq Al-Awsat

Syrian FM Arrives in Saudi Arabia

Syrian Foreign Minister Faisal al-Mikdad arrived in Saudi Arabia on Wednesday. He was welcomed at Jeddah’s King Abdulaziz Airport by deputy Foreign Minister Waleed Al-Khuraiji. Mikdad is visiting the Kingdom at the invitation of his counterpart Prince Faisal bin Farhan bin Abdullah to hold talks about reaching a political solution…

Asharq Al-Awsat

Saudi Arabia Tops G20 in Non-oil Private Sector PMI

Saudi Arabia topped the G20 countries in the performance of the purchasing managers’ index (PMI) for the non-oil private sector, in January 2023. The index recorded headline growth at 58.2 points, marking consecutive growth since September 2020 and reflecting the strength and durability of the Kingdom’s economy despite the state…

Asharq Al-Awsat

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Saudi Heritage Commission Includes 190 New Antiquities Sites in National Register

The Saudi Heritage Commission approved the registration and documentation of 190 new archaeological sites in the national register of Antiquities. There are now 8,788 such locations in the national register across the country, representing a national legacy that reflects the historical richness of the Kingdom. Asir region has the largest…

Asharq Al-Awsat

Al-Jaber Visits Sanaa to Discuss Reaching Comprehensive Political Solution in Yemen

Saudi Arabia’s ambassador to Yemen Mohammed Al-Jaber said on Monday his visit to Sanaa aims to stabilize the truce and ceasefire, support the prisoner exchange process, and explore dialogue prospects between the Yemeni components to reach a sustainable and comprehensive political solution. “Continuing the Kingdom’s efforts to end the Yemeni…

Asharq Al-Awsat

Saudi Diplomats Inspect Their Country’s Embassy in Tehran

A “technical delegation” from Saudi Arabia led by Nasser bin Awad Al-Ghannoum has visited the Kingdom’s embassy building in Tehran. The Saudi delegation arrived in Iran three days after a meeting between Saudi Foreign Minister Prince Faisal bin Farhan and his Iranian counterpart Hossein Amir-Abdollahian in Beijing. The foreign ministers…

Asharq Al-Awsat

Saudi Arabia to Disclose Size of Recreational, Tourism Projects

A Saudi official revealed a plan to expand the tourism sector and attract domestic and foreign investment, noting that the Ministry of Investment will soon announce the size and number of new entertainment and tourism projects in the Kingdom for 2023. Eng. Bahaa A.

Asharq Al-Awsat

US Welcomes Saudi-Iranian Dialogue if it Curbs Tehran’s ‘Destabilizing Activities’

US President Joe Biden's Administration has described the meeting between Saudi Foreign Minister Prince Faisal bin Farhan and Iranian Foreign Minister Hossein Amirabdollahian in Beijing as “an expected step” as part of the agreement between the Kingdom and Iran. “A meeting of Iranian and Saudi foreign ministers is an expected…

Asharq Al-Awsat

Saudi Najla Al-Olayan Appointed IBSF Board Member

The International Billiards and Snooker Federation appointed on Friday Saudi Arabia’s Najla Al-Olayan as a member and representative of the Asian continent to the IBSF Women's Committee. Al-Olayan is the vice president of the Saudi Arabian Billiard and Snooker Federation. Her appointment came after a meeting of the Board of…

Asharq Al-Awsat

Saudi Arabia Ranks 2nd in AI Awareness

Saudi Arabia ranked second globally for societal awareness of artificial intelligence, according to the 2023 Artificial Intelligence Index Report by Stanford University. The report is a comprehensive resource for policymakers, researchers, and industry professionals to understand better the current situation regarding artificial intelligence and possible future trends. The report indicated…

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi Arabia Begins Localizing Consultancy Sector

Saudi Arabia has kicked off on Thursday the process of localizing the consultancy sector and professions across the Kingdom. The Ministry of Human Resources and Social Development (MHRSD) announced the start of the first phase of the process. The Ministry aimed to provide a stimulating and productive work environment for…

Asharq Al-Awsat

New Peace Plan in Yemen Awaits Finishing Touches

New efforts are underway to resolve the Yemeni crisis as it enters its ninth year. An informed Yemeni source revealed to Asharq Al-Awsat that a comprehensive peace document is being drafted. Sponsored by the United Nations, the finishing touches are being made to the draft that covers several phases. The…

Asharq Al-Awsat

Saudi Govt Underscores Keenness on Stability, Development of Region

The Saudi government met on Tuesday to discuss the latest regional and international developments and the security and peace challenges facing the international community. The cabinet underlined the great importance the Kingdom places on consolidating stability in the region to achieve development and prosperity in the Middle East and entire…

Asharq Al-Awsat

King Salman, UAE President Discuss Boosting Relations in Various Fields

Custodian of the Two Holy Mosques King Salman bin Abdulaziz received on Tuesday a written message from United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan. The message tackled the close bilateral relations that bind their countries and brotherly people and ways to bolster and develop them in various…

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Asharq Al-Awsat

Saudi Arabia to Lead Middle East Countries in Sustainable Space Sector Development

As the Saudi space strategy approaches its launch, expectations for investment in the space sector are growing, with an industry expert predicting that the anticipated budget may be comparable to major space economies. Moreover, Riyadh is expected to lead the way in creating a competitive and regulatory environment with an…

Asharq Al-Awsat

KSrelief Distributes Over 11 Tons of Food Baskets in Nigeria

The King Salman Humanitarian Aid and Relief Center (KSrelief) has continued distributing food baskets to the neediest families as part of the 2023 Food Basket Project in the Republic of Nigeria. On Tuesday, the KSrelief distributed eleven tons and 780 kilograms of food baskets in the Nigerian city of Kano,…

Asharq Al-Awsat

Iran Vice President: Raisi Accepts Invitation to Visit Saudi Arabia

Iranian Vice President Mohammad Mokhber revealed that President Ebrahim Raisi has accepted an invitation to visit Saudi Arabia. He made the announcement hours after Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and his Iranian counterpart Hossein Amir-Abdollahian held telephone talks on Sunday. The FMs discussed the future steps…

Asharq Al-Awsat

Saudi-British Partnership to Establish First Hospitality Investment Fund

A British giant in the global hospitality industry has revealed talks with Saudi authorities to establish a fund aimed at accelerating and developing investment in the kingdom’s hotel sector. CEO of Soric International Mark Blick told Asharq Al-Awsat that he recently conducted discussions with the Investment Ministry regarding ways to…

Asharq Al-Awsat

Saudi Crown Prince, Sisi Discuss Prospects for Joint Cooperation

Saudi Crown Prince Mohammed bin Salman met with Egyptian President Abdel Fattah Al-Sisi at Ramadan Suhoor-meal table on Saturday. The Crown Prince welcomed Sisi in the Kingdom as his second country.

Asharq Al-Awsat

Saudi Crown Prince Receives Written Message from President of Djibouti

Prince Mohammed bin Salman, Crown Prince and Prime Minister, received on Sunday a written message from President of Djibouti Ismail Omar Guelleh. The message tackled the strong and close bilateral relations that bind their countries and ways to bolster and develop them in various fields. The message was received by…

Asharq Al-Awsat

Saudi Fintech Sector Sees Unprecedented Growth

A report by the Washington-based Saudi-American Business Council pointed to an “unprecedented” growth in the field of startup investments. Saudi Arabia has one of the most developed financial services sectors in the Middle East and North Africa region. The report indicated that during August 2022, the Kingdom witnessed a 79…

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