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The Latest Breaking News from Saudi Arabia

Executive Plan for Saudi Green Initiative to Be Revealed in November

Saudi Arabia will announce in November the complete strategic and executive plan for the Saudi Green Initiative, based on an alliance of companies, scientific, and research bodies with over 60 experts in soil, water, climate change, and desertification. Environmental experts recommended supporting green initiatives that adopt sustainable afforestation projects and…

Asharq Al-Awsat

SIMAH, BENEFIT Launch Credit Information Exchange Project

Saudi Arabia and Bahrain have launched the technical linking process of the credit information exchange project between banking institutions operating in the two countries. The Bahrain Electronic Network for Financial Transactions (BENEFIT) and the Saudi Credit Bureau (SIMAH) revealed on Sunday that this step comes in implementation of the Gulf…

Asharq Al-Awsat

Saudi Arabia Is the World’s Largest Incubator of Islamic Financial Assets

Saudi Arabia is the largest incubator of Islamic finance in the world in terms of assets, ranking first with a total of nearly SAR3 trillion ($800 billion) that represents 28% of the total global assets, confirmed Ziad al-Yousef, Deputy Governor for Development and Technology at the Saudi Central Bank (SAMA).…

Asharq Al-Awsat

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Investment Opportunities in Saudi Arabia, Egypt, UAE Shift Attention Away from Africa

Investment opportunities in the Arab markets have emerged, in light of the successive crises that have impacted the global economy, starting with the global financial crisis in 2008, the geopolitical changes in the Middle East, the coronavirus pandemic and the current war in Ukraine. Countries that have carried out broad…

Asharq Al-Awsat

Turkey Speaks of ‘Additional Steps’ to Improve Ties with Egypt

Turkey said it will take “additional steps” to bolster relations with Egypt, in light of efforts to normalize bilateral ties at various levels. “Differences might exist, but severing relations is not good,” Foreign Minister Mevlut Cavusoglu said during a meeting with with UAE Minister of Foreign Affairs and International Cooperation,…

Asharq Al-Awsat

Saudi Arabia Concludes Participation at Davos WEF 2022

Saudi Arabia’s delegation concluded its participation at the World Economic Forum (WEF) 2022, which was held in Davos, Switzerland, from May 22 to 26 May 2022, under the title “History at A Turning Point: Government Policies and Business Strategies”. The Kingdom’s delegation participated in many public and private dialogue sessions…

Asharq Al-Awsat

Don’t make Partygate official Martin Reynolds our man in Riyadh, urge Tories

Senior figure warns that man mentioned 24 times in Sue Gray report would be ‘representing the Queen’ as ambassador to Saudi Arabia

The Guardian - UK

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Saudi Arabia Ranks 1st Globally in Date Exports at $324 Mln

Saudi Arabia has ranked first globally in terms of the value of date exports in 2021, which stood at SAR1.215 billion ($320 million), according to the International Trade Center’s TradeMap. The National Center for Palms and Dates stated that the achievement reflects the wise leadership’s keenness to enhance non-oil exports…

Asharq Al-Awsat

Saudi Economist Appointed Visiting Scholar at Stanford University

The prestigious Stanford University has recently announced appointing a Saudi economist and investment expert as a visiting scholar. Stanford Center for Sustainable Development and Global Competitiveness (SDGC) and Stanford Long Term Investing (SLTI) said they are pleased to welcome Dr. Khalid Alsweilem, PhD, as a Visiting Scholar to Stanford. His…

Asharq Al-Awsat

Google Cloud Chief Clarifies Aramco Deal Is Not For Oil Production

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud head Thomas Kurien clarified that its deal with oil giant Saudi Aramco did not include oil production, Bloomberg reports. “We work with Aramco system integration division, not with the oil-and-gas division,” Kurian said. Google’s critics, including its employees, have claimed that providing cloud tools to oil-and-gas…

Benzinga

SAUDIA to Operate 540 Additional Flights for World Cup Qatar 2022 Matches

In the lead-up to the FIFA World Cup Qatar 2022 taking place for the first time in the Middle East later this year, Saudi Arabian Airlines (SAUDIA), the national flag carrier of Saudi Arabia, will be introducing more than 60 exclusive flights to support the national team and 40 daily…

Asharq Al-Awsat

National Geographic Broadcasts KAUST’s Journey to Becoming ‘Global’

National Geographic Abu Dhabi is shining the spotlight on Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) in Chasing Answers, a new four-part series that explores the emergence of the Thuwal-based institution as a hub for groundbreaking scientific research and development in the region and the world. Home…

Asharq Al-Awsat

Al-Falih: We Have Quadrupled Foreign Investment Flows

It might seem somewhat strange for one of the biggest electric car producers to open a factory in one of the world’s major oil-producing countries, but it actually boils down to the story of the most exciting economic transformation of the 21st century. “It is one of the most exciting…

Asharq Al-Awsat

Saudi E-commerce Growth Rate Exceeds 32%

Saudi Arabia is one of the top ten countries in e-commerce, achieving an annual growth rate of more than 32 percent, announced Minister of Commerce Majid al-Qasabi. Speaking at a seminar on the "Role of E-commerce in Strengthening the Saudi-British Economic Partnership," Qasabi stressed that strengthening the e-commerce business system…

Asharq Al-Awsat

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Asharq Al-Awsat

Bejjani: Digital Investments Boosted Majid Al Futtaim's Resilience During the Pandemic

Digital investments have boosted Majid Al Futtaim's resilience during the COVID-19 pandemic and accelerated its recovery, announced CEO Alain Bejjani. Majid Al Futtaim is the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia. In an interview with Asharq Al-Awsat on the sidelines of…

Asharq Al-Awsat

Yemen Calls for Protecting Refugees from Houthi Attacks

Yemeni Permanent Representative to the UN, Abdullah Ali Fadhel Al-Saadi urged the international community and the Security Council to take measures to protect civilians in both cities and refugee camps from terrorist attacks by Iran-backed Houth militias and to protect civilian objects in Yemen, Saudi Arabia and the United Arab…

Reuters

Two senior U.S. officials visited Saudi Arabia for talks this week

Two senior U.S. officials visited Saudi Arabia this week for talks that included global energy supplies, Iran and other regional issues, the White House said on Thursday.

Evening Standard

‘No comment’: Cabinet minister dodges questions on whether partygate civil servant should be Saudi Arabia ambassador

Martin Reynolds previously was the UK’s ambassdor to Libya and is now mooted to be in line to be Britain’s top diplomat in Riyadh

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Asharq Al-Awsat

Al-Issa, Congress Members Discuss Values of Friendship, Cooperation

Sheikh Dr. Mohammad Al-Issa, Secretary-General of the Muslim World League, said that Saudi Arabia represented the unifying spirit of the Islamic world. Al-Issa met on Wednesday with a delegation of members of the US Congress. The delegation included: Republican Representative from Utah Chris Stewart, Republican Representative from Michigan Lisa McClain,…

Asharq Al-Awsat

Saudi Arabia Launches Major Partnerships, Agreements to Boost Tourism

Several global partnerships and agreements enhancing the tourism sector in Saudi Arabia were accomplished at the Future Hospitality Summit, which concluded Wednesday. Saudi Arabia hosted the second edition of the Future Hospitality Summit under the theme "Reimagined Horizons" on the 24th and 25th of May at Riyadh Airport Marriott Hotel.…

Input

Saudi Arabia buys 5% of Nintendo, because why not

Saudi Arabia's Public Investment Fund, which has purchased small and large stakes in a number of tech companies, has purchase 1/20th of Nintendo.

Reuters

Iran says minimal but good progress made in relations with Saudi

Iran has made "minimal but good progress" in relations with Saudi Arabia, Iran foreign minister Hossein Amir-Abdollahian said on Thursday, adding that he may meet his Saudi counterpart soon in a third country.

Axios

Biden officials in Saudi Arabia for talks on oil, planned visit

The president is considering visiting Saudi Arabia as part of his planned trip to the Middle East next month.

The Independent UK

Saudi Arabia doubled executions in 2021 amid ‘worrying rise’ in death sentences worldwide

At least 2,052 execution orders were passed in 56 countries, report says

Asharq Al-Awsat

Saudi Arabia, UN Sign 5-Year Environmental Development Cooperation Framework

In view of the contributions and efforts made by Saudi Arabia to preserve the marine environment at the national, regional, and global levels, a five-year development agreement was signed between Saudi Arabia and the United Nations to preserve the planet. The signing of the agreement took place during the Riyadh…

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