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The Latest Breaking News from Kingdom

Saudi Energy Minister, Pakistani Finance Minister Hold 1st Meeting of Steering Committee

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman and Pakistan's Finance Minister Ishaq Dar held on Thursday the first meeting of the Saudi-Pakistani Steering Committee of the Economic Pillar. Prince Abdulaziz confirmed in a statement that the Kingdom considers Pakistan an important partner in its development plans and programs. He…

Asharq Al-Awsat

Saudi, Chinese FMs Review Developments and Means to Boost Ties

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah, and his Chinese counterpart, Wang Yi, signed on Thursday the executive work program of the Joint Saudi-Chinese Political Affairs Committee. The two ministers chaired, via video conference, the fourth meeting of the Political and Foreign Affairs Committee of the Sino-Saudi High-Level…

Asharq Al-Awsat

Putin: Saudi Crown Prince Supports Oil Market Stability

Russian President Vladimir Putin said on Thursday that Saudi Crown Prince Mohammed bin Salman deserved respect, stressing that Russia was determined to strengthen its relations with the Kingdom. Putin said that stability was important for oil markets, adding that the Saudi Crown Prince supported market balance and stability. He also…

Asharq Al-Awsat

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CEO of TDF Highlights Potential of Saudi Tourism

Chief Executive Officer (CEO) of Saudi Arabia’s Tourism Development Fund Qusai bin Abdullah AI-Fakhri affirmed on Thursday that the Kingdom is significantly growing its tourism industry and has enormous projects and promising investment opportunities. On the third day of the activities of the Future Investment Initiative (FII), AI-Fakhri took part…

Asharq Al-Awsat

Barrack says he hoped Trump ties would appeal to UAE; denies being agent

Tom Barrack, a onetime fundraiser for Donald Trump, acknowledged under cross-examination on Thursday that he hoped his ties to the then-president would encourage a United Arab Emirates official to invest with his company, but said he did not agree to exchange political access for a business relationship.

Reuters

Saudi Arabia Seeks to Double Exports, Raise Number of Factories to 36,000 in 2035

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef has revealed that the Kingdom intends to double industrial exports by 2030 and anticipates that the number of factories will reach 36,000 by 2035. He made his remarks on the sidelines of the Future Investment Initiative (FII). The minister…

Asharq Al-Awsat

King Salman Pardons 6 Pakistani Nationals at Shahbaz Shareef’s Request

Custodian of the Two Holy Mosques King Salman bin Abdulaziz ordered on Wednesday the pardon and release of six Pakistani nationals who were arrested in the Kingdom during the holy month of Ramadan. An official source at the Interior Ministry said the pardon came at the request of Pakistani Prime…

Asharq Al-Awsat

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Saudi Arabia Tops G20 Countries in Tourism Recovery

Saudi Arabia has topped the G20 countries, which include the G20 economy, emerging market economies, and developing economies, at the level of economic recovery. Saudi ministers affirmed on Tuesday that work is underway to create a safe environment for long-term investments, as part of the sustainable development strategy. They pointed…

Asharq Al-Awsat

Reema bint Bandar: Revision of Saudi-US Ties Is a Positive Thing

Saudi Ambassador to the United States Princess Reema bint Bandar underscored the strength of the ties between Riyadh and Washington, describing them as strategic and dating back 80 years. In an interview to CNN aired on Tuesday, she said the United States’ revision of bilateral relations between Riyadh and Washington…

Asharq Al-Awsat

Chaired by Crown Prince Mohammed, Saudi Govt Reviews Recent Foreign Policy Efforts

Prince Mohammed bin Salman, Crown Prince and Prime Minister, chaired on Tuesday a Saudi cabinet session that was held in Riyadh. The ministers tackled the Kingdom’s foreign policy efforts at various regional and international events in recent days. The efforts are aimed at addressing common challenges, most notably humanitarian and…

Asharq Al-Awsat

Saudi Energy Minister: Kingdom Is World’s Most Reliable Oil Supplier

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Tuesday that the Kingdom remained the world's most reliable oil supplier. The Kingdom had increased its sales to Europe to 950,000 barrels in September from 490,000 barrels the same time a year ago, he told the Future Initiative Investment (FII)…

Asharq Al-Awsat

UN Coordinator: Partnership with Saudi Arabia in Sustainable Development Goals Focuses on 4 Strategic Areas

United Nations Resident Coordinator in the Kingdom, Nathalie Fustier, said that partnership with Saudi Arabia was moving to a new stage, pointing to the progress achieved by the Kingdom in sustainable development. In remarks to Asharq Al-Awsat, Fustier said that the UN partnership with the Saudi government has evolved over…

Asharq Al-Awsat

Saudi Cycling Federation, Spanish Abarca Sports Sign Cooperation Agreement

The Saudi Cycling Federation and Spanish Abarca Sports (Movistar Team) have signed an agreement in the presence of the President of the Saudi Cycling Federation Abdullah Al-Wathlan and the President of Abarca Sports and General Manager of Movistar Team, Eusebio Unzue. The agreement aims to develop technical staff, enhance cooperation…

Asharq Al-Awsat

Analysis: The Russia-Ukraine war and the view from Saudi Arabia

Although cooperation with Moscow continued, kingdom also showed support for Kyiv as it sought role of useful mediator.

Al Jazeera

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Asharq Al-Awsat

Saudi Arabia Supports UNRWA with $27 Million

Saudi Arabia has announced a contribution of $27 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), during a press conference held in Amman on Sunday. Saudi Ambassador to Jordan Nayef Al-Sudairy handed the Commissioner-General of UNRWA, Philippe Lazzarini, a check for…

Asharq Al-Awsat

Saudi Arabia, UN Official Discuss Lebanon

Saudi State Minister for Foreign Affairs Adel al-Jubeir held talk in Riyadh on Sunday with United Nations Special Coordinator for Lebanon Joanna Wronecka. The talks focused on cooperation between Saudi Arabia and the UN and the latest developments in Lebanon and the efforts exerted towards them. Wronecka also met with…

Asharq Al-Awsat

Saudi Crown Prince to Skip Arab League Summit in Algeria for Health Reasons

Prince Mohammed bin Salman, Crown Prince and Prime Minister, will not attend the Arab League summit in Algeria in November for health reasons. Custodian of the Two Holy Mosques King Salman bin Abdulaziz had issued a directive delegating Crown Prince Mohammed to lead the Kingdom’s delegation to the summit, however,…

Asharq Al-Awsat

Saudi Crown Prince Launches ‘Global Supply Chain Resilience Initiative’

Prince Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs, announced on Sunday the launch of the Global Supply Chain Resilience Initiative (GSCRI). The GSCRI aims to make Saudi Arabia a location of choice for leading global industrial companies looking to drive…

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Asharq Al-Awsat

Saudi National Bank’s Third Quarter Profit up 18.7%

Saudi National Bank, the Kingdom's biggest lender, said on Sunday its net profit in the third quarter rose 18.7% from the same period year before on higher operating income and lower net impairments for expected credit losses. SNB posted net profit of 4.725 billion riyals ($1.26 billion) in the quarter,…

Asharq Al-Awsat

Anne Marie, Spectacular Drone Show Kick Off Riyadh Season 2022

With a spectacular drone show, the international Cirque du Soleil and a concert by British artist Anne Marie, the largest entertainment season in the Middle East and the Arab world kicked off on Friday in Riyadh. In its third edition, the Riyadh Season festival features a whopping 15 zones. The…

Asharq Al-Awsat

Victims of Mogadishu Terrorist Attack Arrive in Saudi Arabia for Treatment

A plane carrying six Somalis injured in a recent terrorist bombing that targeted a hotel in Mogadishu arrived on Friday at King Khalid International Airport in Riyadh, for treatment in the Kingdom. The move came in an implementation of the directives of the Custodian of the Two Holy Mosques, King…

Asharq Al-Awsat

Saudi Arabia, China Stress Importance of Reliable Oil Supplies for Market Stability

Saudi Arabia and China have agreed to cooperate in the field of "peaceful use of nuclear energy" and establish a regional hub for Chinese manufacturers to use the Kingdom's strategic location linking three continents. Saudi Energy Minister Prince Abdulaziz bin Salman held on Friday an online meeting with China’s National…

Asharq Al-Awsat

Saudi Crown Prince Announces 2nd Edition of Middle East Green Initiative at COP27

Saudi Crown Prince Mohammad bin Salman bin Abdulaziz announced the second edition of the Middle East Green Initiative (MGI) Summit on Nov. 7 and the Saudi Green Initiative (SGI) Forum on Nov.

Asharq Al-Awsat

Saudi National Industry Strategy to Support Diversifying Kingdom’s Economic Base

Saudi Arabia’s Crown Prince Mohammed bin Salman has introduced a new National Industry Strategy (NIS) that aims to triple industrial output and increase the value of the kingdom’s industrial exports to about SAR 557 billion ($148.5 billion) by 2030. Experts believe that the strategy has drawn a clear roadmap to…

Asharq Al-Awsat

Saudi Arabia’s National Industrial Strategy to Boost Global Trade, Supply Chains Partnerships

Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef affirmed on Wednesday that the National Industrial Strategy (NIS) is an essential tool for diversifying the Kingdom’s economic base. Crown Prince Mohammed bin Salman launched on Tuesday NIS to realize the objectives of the Saudi Vision 2030.

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