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The Latest Breaking News from Riyadh

SVB Collapse Dominates Discussions at Financial Sector Conference in Saudi Arabia

The collapse of the California-based Silicon Valley Bank (SVB) dominated most sessions and workshops of the Financial Sector Conference in Riyadh. The repercussions of SVB’s recent bankruptcy caused shock and confusion worldwide, especially for economies that fear that the crisis will spillover to their financial institutions. Saudi Minister of Finance…

Asharq Al-Awsat

Saudi Foreign Minister Meets with UN Envoy to Syria

Saudi Arabia's Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah met in Riyadh on Wednesday with UN Special Envoy of the Secretary General to Syria Geir Pedersen. During the meeting, they discussed the latest developments in Syria and the region and exchanged views on issues of common interest.

Asharq Al-Awsat

Analysis: Renewed Saudi-Iranian ties, brokered by China, force new calculations in Mideast

BEIRUT — The surprise announcement of a resumption of diplomatic ties between Saudi Arabia and Iran, thanks to a deal brokered by Beijing, underscores regional governments’ interest in a de-escalation of tensions — and China’s willingness to wield its economic clout to achieve it.

Los Angeles Times

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US Senate Confirms Ratney as New Ambassador to Saudi Arabia

The US Senate approved on Wednesday the appointment of Michael Alan Ratney to serve as the US Ambassador to the Kingdom of Saudi Arabia. US President Joe Biden had announced Ratney’s candidacy for the post back in April, 2022. The US embassy in Riyadh welcomed the appointment. “The US Senate…

Asharq Al-Awsat

Saudi Finance Minister: Opportunities Available for Saudi Arabia, Iran if Agreement Is Respected

Saudi Minister of Finance Mohammed Al-Jadaan stressed on Wednesday that the Kingdom is committeed to the agreement it reached with Iran to restore diplomatic relations. “There are a lot of opportunities for Saudi investments in Iran and they could happen very quickly following the agreement,” he told the second edition…

Asharq Al-Awsat

The Guardian view on Iran and Saudi Arabia: a cautious start

Editorial: Plans for the two countries to restore diplomatic relations are welcome, but are only a modest step forward

The Guardian - UK

How China’s Saudi-Iran Deal Can Serve U.S. Interests

And why there’s less to Beijing’s diplomatic breakthrough than meets the eye.

Foreign Policy

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Saudi Govt Hopes Constructive Dialogue with Iran Will Continue According to Agreement

The Saudi government hoped on Tuesday that the constructive dialogue with Iran will continue based on the Chinese-sponsored agreement that was reached last week. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The government hoped the agreement will benefit…

Asharq Al-Awsat

Saudi Arabia Places Order for up to 121 Planes from Boeing

Two Saudi Arabian airlines said Tuesday they will order 78 jetliners from Boeing and take options to buy 43 more in a major boost for the American aircraft manufacturer. The order for Boeing 787s will be divided between Saudi Arabia’s flag carrier, Saudia, and a planned new airline called Riyadh…

Asharq Al-Awsat

Analysis: Iran eases its regional isolation with Saudi deal

Iran and Saudi Arabia agreed to restore diplomatic relations, but Tehran is likely to keep its foreign policy pillars.

Al Jazeera

Yemen Hopes Saudi-Iranian Agreement Would Stop Tehran's ‘Bad’ Meddling

Abdullah al-Alimi, member of Yemen’s Presidential Leadership Council (PLC), has voiced hope for the rapprochement between Tehran and Riyadh would lead to Iran stopping any malign involvement in Yemen. Al-Alimi’s statement was made during a meeting he had with the US ambassador to Yemen, Steven Fagin. The PLC member reaffirmed…

Asharq Al-Awsat

With Iran-Saudi deal, Beijing aims to bring its friends closer together

“This is about bloc-building rather than peace-building."

Axios

Kuwait Appoints New Ambassadors to Riyadh, Washington

The two Kuwaiti ambassadors-designate to Riyadh and Washington took the oath on Monday before Kuwaiti Crown Prince Sheikh Mishaal Al-Ahmed Al-Jaber Al-Sabah at the Bayan Palace. The swearing-in ceremony was attended by Kuwait's Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah. Sheikh Sabah Nasser Sabah Al-Ahmad, Kuwait’s Ambassador to the Kingdom…

Asharq Al-Awsat

Saudi Energy Minister, Tuvalu Prime Minister Discuss Energy Cooperation

Saudi Energy Minister Prince Abdulaziz bin Salman met with Prime Minister of Tuvalu Kausea Natano in Riyadh. During the meeting, the two officials discussed bilateral relations between the two countries, prospects for joint cooperation in energy fields, and ways to develop ties. They also reviewed the Kingdom's initiatives to preserve…

Asharq Al-Awsat

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The Conversation

Saudi-Iran deal won't bring peace to the Middle East but will enhance China's role as power broker

After more than four decades as seemingly implacable enemies on either side of a deep political-religious divide in the Middle East, Saudi Arabia and Iran have agreed to restore diplomatic relations and reopen embassies. The deal, which was signed in Beijing, comes seven years after diplomatic relations were severed in…

Asharq Al-Awsat

Iran Pledges Achieving Regional Peace, Stability

Two days after Beijing brokered an agreement between Riyadh and Tehran to resume relations, Tehran pledged “to use regional energies to achieve and consolidate comprehensive peace and stability.” Maj. Gen.

The Times of India

Meghalaya: No more a cloud-capped football star

The seeds sown in football cannot be reaped in a day, but they do bear fruit with time. Despite reflecting the same craze for the sport that is characteristic of the northeast, Meghalaya has always fallen short in its footballing achievements when compared to its sister states like Manipur and…

Asharq Al-Awsat

Saudi FM to Asharq Al-Awsat: Agreement with Iran Sign of Joint Will to Resolve Disputes through Dialogue

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah said the Saudi-Iranian agreement to restore diplomatic relations underscores the joint desire by both sides to “resolve disputes through communication and dialogue.” He added, however: “This does not mean that an agreement has been reached to resolve all pending disputes between…

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Asharq Al-Awsat

UK-GCC FTA Negotiations Make Significant Progress

Chief Negotiator – UK-GCC FTA, Department for International Trade Tom Wintle revealed that the UK and Gulf Cooperation Council (GCC) countries have made “good progress” in negotiations to sign a free trade agreement (FTA). Speaking on the eve of the third round of talks kick off between the parties in…

Tribune News Service

Saudi Arabia blocks Israelis from attending UN event

A group of Israeli Muslims invited to a United Nations tourism event to honor their picturesque mountain village was unexpectedly blocked from attending by host Saudi Arabia, a sign that Israel’s hopes of warming relations with Riyadh may be premature.

The Guardian - UK

Detente between Saudi Arabia and Iran is no panacea for Yemen war

It may speed up peace talks between Riyadh and the Houthi movement, but it risks locking out other groups

Reuters

Saudi-Iran detente: a setback for Israel and wake-up call on US ties

The Saudi-Iran detente sets back Israeli Prime Minister Benjamin Netanyahu's efforts to isolate Tehran, but time will tell whether it also hinders his outreach to Riyadh or planning for any eventual military strike against Iranian nuclear sites.

Asharq Al-Awsat

Saudi Crown Prince Announces 'Riyadh Air'

Saudi Crown Prince Mohammed bin Salman, Prime Minister and Chairman of the Public Investment Fund (PIF), announced on Sunday the establishment of “Riyadh Air,” a PIF wholly-owned company.

Bangkok Post

Saudi Aramco reports 'record' $161 billion profit for 2022

RIYADH - Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, drawing an outraged response from activists warning about the ravages of climate change.

Asharq Al-Awsat

Iran: Agreement with Saudi Arabia Will Help Resolve Regional Crises, Including Yemen

Iranian officials had various responses to the sudden resumption of relations with Saudi Arabia, despite the agreement among all that it was a positive development. Members of the parliament hoped the agreement with Riyadh would lead to a solution to the region's crises, including in Yemen, warning at the same…

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