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The Latest Breaking News from Saudi Arabia

KPMG: Saudi Arabia Working to Advance Sporting Culture to Attract Tourists

Countries like Saudi Arabia are advancing agendas to build a sporting culture that attracts domestic and international tourists, KPMG, an advisory services firm, announced on Wednesday. This requires a vast effort, including organizing spectator and participant sporting events, promoting sports tourism to new markets and upgrading infrastructure, among myriad other…

Asharq Al-Awsat

2022 F1 Saudi Arabian Grand Prix session timings and preview

Formula 1 travels to the Jeddah Corniche Circuit this weekend for the second-ever Saudi Arabian Grand Prix. Here's the full schedule for the race.

Motorsport

Sedco Holding Sells 15% Stake in Nahdi through First Portfolio Company IPO

SEDCO Holding, one of the largest family-owned investment groups in the Kingdom of Saudi Arabia, announced the successful listing of its portfolio company Nahdi Medical Company (Nahdi) on the Saudi Exchange main index. This marks SEDCO Holding’s first partial exit through a public share sale.

Asharq Al-Awsat

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Saudi Arabia Seeks to Turn Financial Market into Global Investment Platform

Saudi Arabia announced its intention to launch a package of new enhancements to develop the post-trading infrastructure and increase its efficiency. The enhancements are the largest in the history of the Saudi capital market and intend to provide investors with increased investment opportunities and access to a diverse range of…

Asharq Al-Awsat

Economic Impact of Saudi Geospatial Information Stands at $10.6b Annually

The economic impact of geospatial information according to 7 major sectors in Saudi Arabia is estimated between SAR 22 billion ($5.8 billion) and SAR 40 billion ($10.6 billion) annually. Saudi Arabia’s General Authority for Survey & Geospatial Information, in cooperation with the World Bank, announced the results of a study…

Asharq Al-Awsat

Saudi Arabia Urges Arab Countries to Join Anti-Corruption Network Effectively

The Riyadh Initiative (GlobE Network) seeks to achieve the common goals of Arab countries and the interests of developing countries in combating corruption, announced Nasser Abu al-Khail, Assistant Chairman of the Oversight and Anti-Corruption Authority (Nazaha). Aba al-Khail told Asharq Al-Awsat that the Initiative had entered into force after being…

Asharq Al-Awsat

Finishing Top the Target for Saudi Arabia Coach Renard

Saudi Arabia can secure qualification for the World Cup finals with victory over China on Thursday but coach Herve Renard says they will not be satisfied unless they finish the preliminaries top of the group. Renard's side lead Group B by a point from Japan, with Australia three points further…

Asharq Al-Awsat

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Washington Increases Security, Defense Cooperation with Saudi Arabia

The United States has pledged to continue providing Saudi Arabia with the necessary means to defend its territories and repel attacks carried out by the Iran-backed Houthi militias in Yemen. At the same time, it has demanded an immediate end to the war in Yemen and urged against targeting civilians…

Asharq Al-Awsat

Kuwait Welcome Lebanese Govt's Commitment to Restoring Ties with Gulf

The Kuwaiti Foreign Ministry welcomed on Tuesday the Lebanese government's commitment to restoring ties with the Gulf countries. Lebanese Prime Minister Najib Mikati discussed in a phone call with Kuwait's foreign minister, Sheikh Ahmad Nasser al-Mohammad al-Sabah, efforts to return Lebanese-Gulf relations to normal, Mikati's office said in a statement…

Asharq Al-Awsat

Saudi Arabia Stresses Firm Stance in Resolving Ukraine Crisis Peacefully

The Saudi government stressed on Tuesday the Kingdom's firm position in supporting efforts to resolve conflicts through peaceful means.

Asharq Al-Awsat

Saudi Arabia Welcomes ‘Positive Points’ in Lebanese PM Statement

Saudi Arabia's foreign ministry said on Tuesday it welcomed the "positive points" in a statement by Lebanon's prime minister over the weekend. It hoped that it would help in restoring Lebanon's position and standing in the Arab world and internationally. It stressed that Saudi Arabia hopes for security and peace…

Asharq Al-Awsat

Saudi Arabia welcomes 'positive points' in Lebanese PM statement

Saudi Arabia's foreign ministry said on Tuesday it welcomed the "positive points" in a statement by Lebanon's prime minister over the weekend.

Reuters

Riyadh gets U.S. military help as Washington seeks better ties

The United States has stepped up its military support for Saudi Arabia over the past few months following missile strikes on the kingdom by the Yemeni Houthi group, Western diplomats said, an indication that Washington is trying to mend its strained ties with traditional Gulf allies.

Reuters

Saudi Arabia, Kuwait Agree to Develop Durra Field

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman signed a document with his Kuwaiti counterpart Mohammad al-Fares to develop the Durra gas field, Kuwait Petroleum Corporation said in a statement on Monday. The Durra field, which is shared between the two Gulf States, is expected to produce one billion standard…

Asharq Al-Awsat

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Asharq Al-Awsat

Fears Emerge over Worsening Global Oil Prices

Saudi Arabia announced Monday that it would not bear responsibility for global oil shortages following attacks by Iran-backed Houthi militias affected the Kingdom’s production. In a statement on Monday, the Saudi Foreign Ministry has called on the international community to assume its responsibility to preserve energy supplies, in order to…

The Times of India

Oil thirst is forcing Joe Biden to pivot US back to Saudi Arabia

WASHINGTON: President Joe Biden has been reluctantly drawn into closer ties with Saudi Arabia's king-in-waiting, forced by Russia's invasion of Ukraine to rethink a standoffish approach as the US struggles to curb soaring oil prices.

The Independent UK

Satellite photos show Yemen rebels hit Saudi oil site again

Yemen’s Houthi rebels this week struck the same oil storage tank in the Saudi Arabian city of Jiddah they had previously hit two years ago

Asharq Al-Awsat

Saudi Arabia to Welcome 400,000 Umrah Pilgrims During Ramadan

Saudi Deputy Minister of Hajj and Umrah Dr. Abdulfattah Mashat revealed that some 400,000 pilgrims are expected to perform the Umrah during the holy fasting month of Ramadan, which begins in early April. In remarks to Asharq Al-Awsat, he said: "The Umrah is open. There is no limit to how…

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Foreign Affairs

The Middle East Is on the Brink Again

The Risks of an Unstable Authoritarian Order

Al Jazeera

Russia-Ukraine war shows cracks in US ties to Middle East allies

UAE and Saudi Arabia are pursuing their own interests, analysts say, as US urges united front against Russia’s Putin.

Asharq Al-Awsat

Saudi Energy Warning Highlights Iranian-backed Threat to Global Recovery

Given the flawless Saudi record of fulfilling global oil supply obligations since 1939, energy markets are surely taking note of Riyadh’s warning on Monday that it “won't bear any responsibility for any shortage in oil supplies to global markets” following a string of attacks on its oil facilities by Yemen's…

The Hindu

First time since Aug. 5, 2019, 33 companies from UAE, Saudi Arabia, Hong Kong converge in Kashmir for investment summit

Effort to turn ₹3,000 cr. MoUs, signed earlier this year, into reality

Daily Mirror

F1 chiefs 'monitor' Saudi Arabia GP situation after missile attack on Jeddah

The Formula 1 circuit is set to head to the Jeddah track next week for race two of the 2022 season, however there are doubts.

Asharq Al-Awsat

Saudi Arabia, Wars of Polarization, and the Approach of Abdulaziz Al Saud

Today, we find ourselves in an atmosphere of intense polarization between two large camps: the Western world on one side, and Russia, with China behind it, on the other.

Reuters

Saudi energy minister meets Kuwait's crown prince, KUNA reports

Saudi Arabia's energy minister met the Kuwaiti crown prince on Monday during an official trip to Kuwait, Kuwait's state news agency KUNA reported.

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