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The Latest Breaking News from Saudi Arabia

Saudi Arabia to host Asian winter games in a city that doesn’t exist yet

The country is set to host the games at a mountain resort at the £440bn flagship Neom project

Evening Standard

OPEC+ agrees deep oil production cuts, Biden calls it shortsighted

OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.

Reuters

Russia and Saudi Arabia agree to massive cuts to oil output. Here's why it matters

The 2 million bpd cut in oil production was backed by Saudi Arabia and could benefit Russia. The OPEC+ meeting took place as much of the world is battling soaring energy costs and rising inflation.

WEKU

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Saudi Arabia, Morocco Seek to Increase Trade Volume to $5 Bn

Saudi Minister of Commerce Majid al-Qasabi has stressed the need for business owners to draw up a clear roadmap for economic relations between Saudi Arabia and Morocco, revealing joint opportunities in Africa and Europe. Qasabi was speaking at the Saudi-Moroccan Economic Forum and Business Council held in Casablanca, with the…

Asharq Al-Awsat

Saudi Arabia to Become Global Hydrogen Supplier, Hub for Green Minerals

Saudi Arabia is on its way to becoming a global supplier of hydrogen and a hub for green minerals and highly competitive manufacturing. Deputy Minister of Industry and Mineral Resources Khalid al-Mudaifer revealed Saudi Arabia is boosting the development of mineral industries in the region by attracting investment, spreading digital…

Asharq Al-Awsat

Opec+ expected to slash oil output

VIENNA: Major oil producers led by Saudi Arabia and Russia were set to meet Wednesday as reports said they were mulling an output cut of up to 2 million barrels per day in a bid to prop up slumping prices.

Bangkok Post

Saudi Arabia to host Asian Winter Games in £440bn futuristic city that doesn’t exist yet

The Asian Winter Games will take place in 2029 in Saudi Arabia but is set to take place in a city that has yet to be built and won't even be finished for another four years

Daily Mirror

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Saudi Arabia Stresses Importance of Int’l Community Standing Against Iran’s Violations

The Saudi government reiterated on Tuesday its absolute rejection of all attacks that threaten the security and stability of Iraq. It stressed the importance of the international community standing against all Iranian violations of international laws, treaties and norms. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired…

Asharq Al-Awsat

Saudi GP chiefs meet F1 teams and drivers over security

Saudi Arabian Formula 1 chiefs have met privately with all teams and drivers to offer reassurances about security in Jeddah following the events that marred this year's race.

Autosport

Aramco CEO: Securing Buffer Spare Capacity Not Saudi Arabia's Responsibility Alone

Saudi Aramco Chief Executive Amin Nasser on Tuesday said that spare capacity in the oil market stands at 1.5% of global demand, adding that providing a buffer of spare capacity was not the responsibility of Saudi Arabia alone. "(The market is) focusing on what will happen to demand if a…

Asharq Al-Awsat

Saudi Arabia, Morocco Sign MoUs on Mutual Accreditation of Halal Products, Quality Certificates

Saudi Arabia’s Minister of Commerce Dr. Majid al-Qasabi held talks with his Moroccan counterpart Ryad Mezzour in Rabat on Monday. They signed two memorandums of understandings on mutual accreditation of Halal certificates for local products, and a draft technical cooperation program between Saudi Standards, Metrology and Quality Organization and the…

Asharq Al-Awsat

Saudi crown prince will ‘no doubt’ get immunity over Jamal Khashoggi case as prime minister, lawyers say

Critics say appointment of prince as PM is directly related to efforts to dismiss case over journalist’s brutal murder

The Independent UK

Saudi desert city to host Asian Winter Games

RIYADH: Saudi Arabia was chosen on Tuesday to host the 2029 Asian Winter Games at a US$500 billion futuristic megacity in the desert that planners say will feature a year-round winter sports complex.

Bangkok Post

Days after Saudi crown prince becomes PM, his plea says entitled to immunity in Khashoggi case

Lawyers representing Saudi Arabia’s crown prince Mohammed bin Salman have argued that he has immunity against prosecution in the Jamal Khashoggi murder case since he is now the prime minister, Reuters reported. They have filed a petition in a court in Washington citing several other cases where the US recognised…

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Asharq Al-Awsat

Saudi Arabia Signs MoU with IMF to Establish Regional Office in Riyadh

Saudi Arabia concluded a memorandum of understanding with the International Monetary Fund (IMF) to establish a regional office in Riyadh, which would boost its presence in the region and provide its economic recommendations to the countries of the Gulf and the region. Saudi Minister of Finance Mohammed al-Jadaan signed the…

Asharq Al-Awsat

Saudi Arabia Wins Bid to Host 2029 Asian Winter Games at NEOM

Saudi Arabia said on Tuesday it has won a bid to host the 2029 Asian Winter Games at a planned mountain resort in the Gulf Arab state's $500 billion flagship NEOM project. The TROJENA development is expected to be completed in 2026 and will offer outdoor skiing, a man-made freshwater…

Reuters

Saudi prince has immunity in Khashoggi killing lawsuit, say lawyers

Lawyers for Saudi Arabian Crown Prince Mohammed bin Salman, facing a U.S. lawsuit over the 2018 killing of Saudi journalist Jamal Khashoggi, told a court on Monday the crown prince's appointment as prime minister last week ensured him immunity from prosecution.

Asharq Al-Awsat

IMF: 141 Million People Across Arab World Are Exposed to Food Insecurity

The International Monetary Fund said on Monday that up to 20 countries, many in Africa, could need emergency assistance to cope with the global food crisis. IMF Managing Director Kristalina Georgieva, speaking at a conference in Saudi Arabia, also said that 141 million people across the Arab world are exposed…

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Asharq Al-Awsat

Royal Commission for AlUla Launches ‘Safar' ’Art Exhibition at AlUla Int'l Airport

The Royal Commission for AlUla (RCU) launched on Monday the "Safar" group art exhibition that celebrates the natural cultural heritage of Saudi Arabia's AlUla. The exhibition also collects global artistic creations inspired by the heritage of AlUla through various details that combine artistic expressions and include the arts of sculpture,…

Asharq Al-Awsat

Crown Prince Unveils Company that Will Develop Downtowns in Saudi Arabia

Prince Mohammed bin Salman, Crown Prince, and Chairman of the Public Investment Fund (PIF), announced the launch of Saudi Downtown Company (SDC) that will build and develop downtown areas and mixed-use destinations in 12 cities throughout Saudi Arabia. The company will aim to improve the infrastructure and build strategic partnerships…

Asharq Al-Awsat

KSA: Global Logistics Crisis Delays Vehicle Deliveries

Noura Al-Subaie, an employee in the education sector, paid a deposit to book her new car, which was expected to be delivered in a two-month period. However, as soon as she left the showroom, the salesperson contacted her to inform her that the delivery would be postponed for reasons beyond…

Asharq Al-Awsat

3Mln Discounted Items Attract Shoppers to Outlet 2022 Festival in Riyadh

Saudi Arabia’s General Entertainment Authority launched the largest shopping festival, Outlet 2022, in Riyadh on Saturday. Covering an area of 146,623 square meters, the festival includes three million items, manufactured by more than 1,500 international brands, and discounts of up to 70 percent on fashion, accessories, and cosmetic products designed…

Asharq Al-Awsat

Saudi Arabia Has Potential to Lead Global Coffee Industry Trade

The International Forum for the Sustainability of Saudi Coffee highlighted the Kingdom’s potentials to be a global hub for the trade and manufacture of coffee. The forum, which concluded on Sunday, was organized by the Ministry of Culture in the southern city of Jazan with the participation of local and…

Asharq Al-Awsat

Erdogan Addresses Egyptian-Turkish Ties, Cairo Doesn’t Anticipate Any Progress

Turkish President Recep Tayyip Erdogan said his country is developing ties with Egypt based on mutual interests. He made the remarks at a parliament session on Saturday marking the new legislative year, Anadolu Agency reported. “Our relations with the United Arab Emirates, Saudi Arabia, and Israel are developing based on…

Asharq Al-Awsat

Saudi Arabia, Germany Seek to Promote Energy Dialogue and Hydrogen Alliance

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