The Latest Breaking News from Riyadh

Arab Parliament Speaker Adel bin Abdulrahman Al-Assoumi has commended Saudi Arabia's announcement of $3 billion in financial aid to help the Yemeni economy. In a statement issued Thursday, Al-Assoumi appreciated the efforts of the Kingdom and the United Arab Emirates, their constructive initiatives and persistent endeavors in Yemen to reach…

Saudi Arabia and Kuwait stressed on Wednesday their right to exploit the natural resources in the Durra field. They invited Iran to negotiations over the delineation of the eastern border of the Submerged Divided Zone. The Saudi Foreign Ministry tweeted that the Kingdom and Kuwait had signed a Memorandum of…

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…

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…

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.

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]

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

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.

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.