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The Latest Breaking News from Riyadh

Saudi Arabia Orders Investors to Maintain Environmental Standards, Develop Local Infrastructure

Saudi Arabia has asked investors to maintain environmental and social standards and contribute to social responsibility. Following the new investment law, Riyadh asserted that new investors must work from their headquarters inside the Kingdom, provided that the Ministry of Investment facilitates the required procedures. Asharq Al-Awsat learned that the Federation…

Asharq Al-Awsat

Saudi Sovereign Wealth Fund Announces Joint Venture with Boeing

SAMI group, a wholly owned subsidiary of the Public Investment Fund and the Kingdom’s national defense localization champion, has announced a preliminary agreement with Boeing. Under the terms of the agreement, both companies will enter into a Kingdom-focused joint venture. The announcement was made at a signing ceremony during the…

Asharq Al-Awsat

Head of new Yemeni council promises end to war via peace process

The head of Yemen's new presidential council said on Friday he would end the seven-year-long war via a peace process, in his first speech since power was delegated to the body by the Saudi-backed president this week.

Reuters

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Explainer-Saudi Arabia shakes up Yemen alliance in bid to exit quagmire

Saudi-backed Yemeni President Abd-Rabbu Mansour Hadi on Thursday ceded power to a council whose members form the core of an anti-Houthi alliance as Saudi Arabia looks to exit a costly war that has strained Washington's ties with Gulf allies. [L2N2W502H]

Reuters

UN Voices Optimism over Intra-Yemeni Talks in Riyadh, Warns of Truce Collapsing

UN Special Envoy for Yemen Hans Grundberg stressed the need to protect Yemen’s truce from collapsing.

Asharq Al-Awsat

Factional chaos, missteps brought down Yemen president Hadi

Yemen's President Abd-Rabbu Mansour Hadi, who ceded his powers to a presidential council on Thursday, fell foul of foes and allies in his efforts to cling to power from exile in Saudi Arabia, while often blocked from visiting his war-torn nation.

Reuters

Turkish court halts Khashoggi trial, transfers it to Saudi Arabia

A Turkish court ruled as expected on Thursday to halt the trial of Saudi suspects over the killing of journalist Jamal Khashoggi and transfer it to Saudi Arabia, a decision that comes as Ankara seeks to mend ties with Riyadh.

Reuters

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Yemen Consultations Begin Drafting Roadmap to Bolster State Institutions

After six days of discussions in Riyadh, gatherers at the intra-Yemeni consultations began drafting solutions and a roadmap that would address the challenges confronting their country's security and stability. The Gulf Cooperation Council is sponsoring the talks that kicked off last week. GCC Ambassador to Yemen Sarhan Al-Minaikher said consensus…

Asharq Al-Awsat

Saudi Govt Hails UN Efforts in Reaching Yemen Truce

The Saudi government hailed on Tuesday the United Nations and its envoy on reaching a truce in Yemen. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Jeddah. The ministers remarked that the two-month truce, which was announced on Friday and…

Asharq Al-Awsat

Yemen Consultations Make Significant Progress

The intra-Yemeni consultations, currently underway in Riyadh, have made significant progress in all issues on their agenda. The consultations kicked off in the Saudi capital on Wednesday and they are being sponsored by the Gulf Cooperation Council (GCC). On Sunday, the gatherers discussed the challenges facing the legitimate government and…

Asharq Al-Awsat

Saudi Arabia Announces 8 Contenders for Khnaiguiyah Mines

Eight local and international companies have qualified to compete for a license to detect metals at the al-Khnaiguiyah mining site in Riyadh. The Saudi Ministry of Industry and Mineral Resources announced the list of qualified contenders from the pre-qualification stage for obtaining a metal detection license seeking to transform the…

Asharq Al-Awsat

Yemen Army Accuses Houthis of Violating UN Truce in Marib, Taiz, Hodeidah

The Yemeni army accused the Iran-backed Houthi militias of violating the recently declared truce in the country, specifically in the Marib, Taiz and Hodeidah provinces. United Nations envoy Hans Grundberg announced the two-month truce on Friday at the intra-Yemeni consultations underway in Riyadh. The consultations are being sponsored by the…

Asharq Al-Awsat

Yemen Govt Says Positively Approaching UN Envoy, Keen on Political Solution

The legitimate Yemeni government is optimistic that the two-month truce declared in the war-torn country would lead to the lifting of the siege imposed by the Iran-backed Houthi militias on the Taiz province. The ceasefire was declared by United Nations envoy Hans Grundberg at the intra-Yemeni consultations in Riyadh on…

Asharq Al-Awsat

Khalid bin Salman Stresses Saudi Arabia's Keenness on Yemen's Security, Stability

Saudi Deputy Defense Minister Prince Khalid bin Salman stressed on Sunday the Saudi-led Arab coalition's keenness on restoring security, peace and stability in Yemen. He held talks in Riyadh with Yemeni Prime Minister Dr. Maeen Abdulmalik and several of his ministers. Prince Khalid highlighted Riyadh's welcoming of the two-month ceasefire…

Asharq Al-Awsat

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Asharq Al-Awsat

Yemenis Welcome Truce, Worry about Houthis' Lack of Commitment

The announcement of a two-month truce in Yemen has been widely welcomed by the people and official circles in spite of concerns that the Iran-backed Houthi militias may not commit to it given their poor track record. The Houthis did welcome the announcement, which was made on Friday night at…

The Guardian - US

Biden rebuffed as US relations with Saudi Arabia and UAE hit new low

Analysis: As oil prices – and diplomatic tensions – rise, two of the biggest US allies are questioning the basis of their relationship

Asharq Al-Awsat

Intra-Yemeni Talks in Riyadh Restore Hope for Yemen Exiting Current Situation

Sarhan Al-Munikher, head of the Gulf Cooperation Council (GCC) mission to Yemen, considered all solutions open to Yemenis to decide the fate of their country and get out of the current situation. Meanwhile, Southern Transitional Council (STC) commander Maj. Gen.

Asharq Al-Awsat

Week of Joy Begins in Riyadh and Reaches Every Yemeni Home

The hesitation of some Yemeni politicians to greet each other on the first day of the launch of intra-Yemeni consultations under Gulf sponsorship was not one of the worrying signs, because it ended with peace, handshakes, and sometimes hugs. Represented by around 800 deputies, Yemenis have high hopes for the…

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Al Jazeera

Yemen peace talks give little hope for displaced civilians

Riyadh consultations hosted by Saudi Arabia have been boycotted by the Houthis, leaving little chance of success.

Asharq Al-Awsat

Yemenis Warn of Wasting Opportunities at Riyadh Consultations

Participants at the Yemen consultations, currently underway in the Saudi capital, Riyadh, have warned against wasting opportunities, a policy that has led to the squandering of previous efforts to overcome sharp divisions and unite ranks. The Gulf Cooperation Council (GCC) is sponsoring the consultations that kicked off on Wednesday and…

Asharq Al-Awsat

Yemeni Consensus Exceeds Expectations at Riyadh Consultations

The Yemeni parties taking part at the Riyadh consultations have shown great consensus and keenness on the future of their country. The Gulf Cooperation Council (GCC) is sponsoring the talks at its Riyadh headquarters. They kicked off on Wednesday and will conclude on April 7. Dr.

Asharq Al-Awsat

King Salman Arrives in Jeddah from Riyadh

Custodian of the Two Holy Mosques King Salman bin Abdulaziz arrived in Jeddah on Thursday from Riyadh. He was received at King Abdulaziz International Airport by Governor of the Makkah Region, Prince Khalid al-Faisal. He was seen off in Riyadh by Prince Faisal bin Badr bin Abdulaziz, Governor of the…

Foreign Affairs

America and Saudi Arabia Are Stuck With Each Other

How Biden Can Recalibrate the Relationship Without Breaking It

Reuters

Houthis still welcome to join Yemen talks in Riyadh, says GCC official

An invitation for Yemen's Iran-aligned Houthis to join Yemeni talks in Saudi Arabia remains on the table, the Gulf Cooperation Council (GCC) assistant secretary-general Abdulaziz Al-Aweisheq said on Thursday.

Asharq Al-Awsat

Saudi Deposit Promotes Stability of Egypt’s Foreign Exchange Market

With Saudi Arabia’s announcement of a $5 billion deposit with the Central Bank of Egypt on Wednesday, sources told Asharq Al-Awsat that this move would enhance the stability of the foreign exchange market and consolidate the Egyptian economy amid severe pressure on the Egyptian pound. In a statement published by…

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