The Latest Breaking News from Kingdom

Saudi Arabia welcomed on Wednesday the Australian government's announcement that it would no longer recognize West Jerusalem as Israel's capital. The Saudi Ministry of Foreign Affairs hoped the international community would join efforts to find a just settlement for the Palestinian cause to achieve the aspirations of the Palestinian people…

Saudi Arabia's Foreign Ministry issued a statement welcoming Australia’s decision to reverse its recognition of West Jerusalem as the capital of Israel. The statement affirmed that Saudi Arabia supports the Palestinian people’s aspirations to establish an independent state with East Jerusalem as its capital, in accordance with the international law…

Saudi Crown Prince Mohammed bin Salman bin Abdulaziz launched the National Strategy for Industry, which aims to promote industry and attract investment, leading to economic diversification and growth of non-oil exports and GDP. The Crown Prince, also Prime Minister and Chairman of the Council of Economic Affairs and Development, said…

Saudi Arabia has renewed its call for the international community to label Houthi militias in Yemen as a terrorist group and dry up their funding sources. During a session in Jeddah, the Saudi Cabinet reiterated the Kingdom's continued support for international peacemaking efforts in Yemen. King Salman bin Abdulaziz chaired…

Saudi Arabia’s crude oil exports hit a more than two-year high of 7.6 million barrels per day in August, according to data from the Joint Organization Data Initiative. The Kingdom saw a 3% rise from July, recording its highest volume since April 2020. It was also the third month in…

The real GDP growth projections of the Saudi economy are expected to reach 9.9 percent this year, and six percent in 2023, recording the highest growth rate among the G20 countries, according to a report by the Organization for Economic Cooperation and Development (OECD). The report "OECD Economic Outlook Interim…

Saudi Arabia and South Africa issued a statement after President Cyril Ramaphosa visited Riyadh, confirming the strength of bilateral relations and the importance of boosting joint action. Ramaphosa began Friday a visit to the Kingdom at the invitation of Custodian of the Two Holy Mosques King Salman bin Abdulaziz. The…

The Saudi government on Sunday launched a novel economic analysis index, known as MEPX, to monitor the performance of the Kingdom’s private sector. MEPX is a leading indicator that has been designed and developed by the economy ministry’s economic analysts to track 10 economic factors classified into four categories, consumers,…

Supporting the Kingdom’s ambitions for becoming a global destination for logistics services, the Supply Chain Conference held in Riyadh witnessed the signing of ten agreements that bolster the position of Saudi supply chains in the face of geopolitical challenges. Moreover, Saudi Arabia announced inaugurating 59 logistic zones to bolster supply…