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The Latest Breaking News from Saudi Arabia

'Are you rich?' Inequality Observatory sets French wealth threshold

Like the poverty threshold, France's Inequality Observatory has published a report defining who is considered financially wealthy in the country. But first, we see how Saudi Arabia could step in to boost global oil production. Also, we take a look at Sheryl Sandberg's legacy following her decision to step down…

France 24

Rome Pushes for Opening HQs of Italian Companies in Saudi Arabia

Italian MP Elena Morelli, who chairs the Italian-Saudi Parliamentary Friendship Committee, has discussed ways to open headquarters for Italian companies in Saudi Arabia. Morelli called for motivating Italian companies by simplifying and standardizing procedures, noting the availability of great cooperation opportunities between Riyadh and Rome in the renewable energy sectors,…

Asharq Al-Awsat

Adeer Company Sells Kunoz Al-Dhahran Land at More than SAR700 Mln

Saudi Arabia’s Adeer Real Estate Company announced selling Kunoz al-Dhahran land in a record time for SAR724,148,976 during the public auction it organized at the Grand Hayat Hotel in Khobar on Monday, to be added to its successful auctions this year. CEO of Adeer Mutab Al Saad expressed joy with…

Asharq Al-Awsat

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Saudi Arabia Waives Fines, Penalties for Taxpayers to Mitigate Pandemic’s Financial Impact

The Saudi Zakat, Tax and Customs Authority (ZATCA) announced the re-launch of an initiative to waive fines and exempt taxpayers from penalties for six months from June 1, 2022. The initiative aims to mitigate the economic fallout of the coronavirus pandemic. Fines for the delay in registration, default payment and…

Asharq Al-Awsat

As gas prices soar, Joe Biden likely to visit Saudi Arabia

WASHINGTON: President Joe Biden is likely to visit Saudi Arabia later this month as part of an international trip for Nato and Group of Seven meetings, according to people familiar with the matter, with record high US gas prices weighing on his party's political prospects.

The Times of India

Biden likely to visit Saudi Arabia as US gasoline prices spiral, sources say

WASHINGTON — President Joe Biden is likely to visit Saudi Arabia later this month as part of an international trip for NATO and Group of Seven meetings, according to people familiar with the matter, with record high U.S. gas prices weighing on his party’s political prospects.

Tribune News Service

Biden planning Gulf visit, could meet crown prince - sources

U.S. officials are planning a trip for President Joe Biden to the Middle East later this month to meet Gulf allies, which could put him in the same room with Saudi Crown Prince Mohammed bin Salman, sources said on Wednesday.

Reuters

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As gas prices soar, Biden leans toward visiting Saudi Arabia

President Joe Biden is leaning towards making a visit to Saudi Arabia — a trip that would likely bring him face-to-face with the Saudi crown prince he once shunned as a killer

The Independent UK

U.S. lawmakers relaunch effort to stop U.S. support for Saudi Yemen campaign

Nearly 50 members of the U.S. House of Representatives introduced a resolution on Wednesday seeking to end any U.S. involvement in Saudi Arabia's air campaign in Yemen, with plans to introduce a similar measure in the Senate.

Reuters

A rare visit by Pakistanis to Israel has caused furor in Islamabad

Pakistan doesn't recognize Israel. After a delegation visited Israel and even met with its president, Pakistani senators were outraged and one visitor got fired.

WEKU

Oleksandr Usyk vs Anthony Joshua rematch to take place in 40k-seat arena in Saudi Arabia

The world heavyweight title rematch between Joshua and Usyk is being tipped to take place at the Jeddah Super Dome, and could still happen as soon as July 23

Daily Mirror

McIlroy dismisses Saudi Arabia-backed opener as not a ‘proper tournament’

Rory McIlroy has taken a swipe at the first LIV event, while one sponsor has dropped two participants, Dustin Johnson and Graeme McDowell

The Guardian - UK

Oil prices rise as Opec prepares to set new output targets

Thursday’s meeting of oil-producing nations will be first since EU imposed sanctions on Russian crude

The Guardian - UK

Rory McIlroy reacts to list of names headed to first Saudi Arabia-backed LIV Golf event; PGA Tour reminds players they ‘have not been authorized to participate’

Rory McIlroy is not going to play in the inaugural LIV Golf event but he doesn’t begrudge anyone who is.

USA Today Sports Media Group

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Golf equipment makers are silent so far on future of sponsorship deals with PGA Tour players who intend to play first LIV Golf event

It remains unclear if equipment makers will continue to support players headed to the new Saudi Arabia-backed tour.

Asharq Al-Awsat

Saudi Arabia Bolsters Digital Infrastructure with New Communications, IT Law

Keeping pace with Saudi Arabia’s new direction towards innovation and the digital economy, the Saudi Cabinet, chaired by King Salman bin Abdulaziz Al Saud, approved on Tuesday, the Communications and Information Technology (IT) law. The new law is meant to reinforce the Kingdom’s digital infrastructure. Communications and Information Technology Minister…

The Times of India

Saudi Arabia is planning the largest buildings ever constructed

RIYADH: Saudi Arabia is planning the world’s largest buildings in a mostly unpopulated part of the country as part of an entirely new $500 billion development called Neom, according to people familiar with the matter.

Asharq Al-Awsat

Saudi Govt Reviews Kingdom's Local, Int'l Achievements in Climate, Economy, Tech

The Saudi government reviewed on Tuesday the participation of the Kingdom at the recent World Economic Forum in Davos. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Jeddah. The cabinet also reviewed Saudi Arabia's participation at the World Health Organization…

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Daily Mirror

Anthony Joshua's world title rematch with Oleksandr Usyk faces another delay

Usyk and Joshua are set to finally rematch for the unified heavyweight world titles in Saudi Arabia on July 23, but they could face a further two week delay as a result of contractual stumbles

Asharq Al-Awsat

Saudi Shura Council Approves Draft Civil Transactions System

Saudi Arabia’s Shura Council approved the draft civil transactions system which “will be comprehensive and organize all civil matters of life,” Council member Wasel Al-Mathen told Asharq Al-Awsat. He pointed out that the most important thing in the system is to provide a legal environment for citizens and residents in…

Asharq Al-Awsat

Indian IT Firm Wipro Hires Over 600 Saudi Professionals

Indian IT firm Wipro Limited has hired over 600 Saudi professionals with ambitious plans to transform the technological landscape of the Kingdom within the framework of Saudi Vision 2030. The move by Wipro, which operates as “Wipro Arabia Limited” in the Kingdom, is part of efforts to boost areas of…

Asharq Al-Awsat

Simonnet to Asharq Al-Awsat: Work Underway to Exempt Gulf Citizens from Visa Requirement

The European Union’s Ambassador to Saudi Arabia, Patrick Simonnet, said a new visa system would be revealed soon, allowing Saudi citizens to obtain multiple entries to the EU. In remarks to Asharq Al-Awsat, Simonnet also revealed that work was underway to exempt all Gulf citizens from the visa requirement. His…

Asharq Al-Awsat

10 Alliances Seek Offshore Mining Opportunities in Saudi Arabia

Ten alliances are interested in mining the seas to extract sodium fluoride, minerals, and salts of the reverse water, announced the Governor of the Saline Water Conversion Corporation (SWCC), Abdullah al-Abdul-Karim. Speaking to Asharq Al-Awsat on the sidelines of the Innovation Driven Desalination conference in Jeddah, al-Abdul-Karim said that the…

Reuters

U.S. and Saudi ministers discuss efforts to prolong Yemen truce

U.S. Secretary of State Antony Blinken and Saudi Foreign Minister Prince Faisal bin Farhan Al Saud have held a call to discuss Saudi Arabia's efforts to prolong a truce in Yemen, the U.S. Embassy in Saudi Arabia tweeted on Tuesday.

Reuters

Russia's Lavrov to meet with GCC ministers in Riyadh on Wednesday -officials

Russian Foreign Minister Sergei Lavrov will visit Saudi Arabia on Wednesday where he will meet with foreign ministers of the Gulf Cooperation Council countries (GCC), two Gulf officials said on Tuesday.

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