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The Latest Breaking News from Kingdom

Saudi Holdings of US Treasury Bonds Rise to Highest Level since Beginning of 2022

Saudi Arabia increased its holdings of US Treasury bonds in July for the second month in a row, achieving the highest level since September 2021. Monthly US Treasury data indicated that the Kingdom’s holdings of bonds increased by about $121.6 billion at the end of July, the highest level recorded…

Asharq Al-Awsat

Banyan Tree AlUla Debuts in Saudi Arabia

Banyan Tree launches its first property in historical AlUla in Saudi Arabia, ush-ering in the Group’s debut in the Kingdom. AlUla is attracting the attention of the world’s affluent travel-lers with its mesmerising mix of history, culture, and entertainment, all set against a breathtaking desert backdrop dating back millions of…

Asharq Al-Awsat

Saudi Foreign Minister Receives Message from Qatari Counterpart

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah received on Sunday a written message from his Qatari counterpart and Deputy Prime Minister Sheikh Mohammed bin Abdulrahman. The message tackled the strong and close fraternal relations that bind Saudi Arabia and Qatar and their peoples and ways to bolster them…

Asharq Al-Awsat

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General Entertainment Authority Launches Program to Celebrate 92nd Saudi National Day

Chairman of the General Entertainment Authority Turki bin Abdulmuhsen Al Al-Sheikh has launched a huge program of events on the occasion of the 92nd Saudi National Day, dubbed “It’s our home.” The events will be held across the Kingdom between September 18 and 26. Saudi regions are preparing for grand…

Asharq Al-Awsat

S&P’s Upgrades Outlook FOR Saudi Economy to Positive

Standard & Poor's (S&P's) Global Rating agency updated its outlook for Saudi Arabia to positive and upgraded its short and long term foreign and local currency sovereign credit ratings to A-/A-2. In a statement on Saturday, S&P said the positive future outlook reflects the strength of the Kingdom’s GDP growth…

Asharq Al-Awsat

Saudi Arabia Supports UNAOC with $1 Million Grant

Saudi Arabia has provided $1 million to the United Nations Alliance of Civilizations (UNAOC) for supporting its work plan, activities and programs. The Kingdom's permanent representative to the United Nations, Ambassador Abdulaziz Al-Wasel, handed over the financial support to High UN High-Representative for the Alliance of Civilizations Miguel Angel Moratinos…

Asharq Al-Awsat

Intl. Companies Intend to Invest in AI, Robotics in Saudi Arabia

Major international companies intend to invest in artificial intelligence and robotics in Saudi Arabia, senior investors told Asharq Al-Awsat. AI Investor Abdullah bin Zaid Al-Meleihi said that Saudi Arabia aims at establishing 400 startup companies in artificial intelligence. He added that the Kingdom was seeking to provide a more attractive…

Asharq Al-Awsat

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US Offers Unprecedented Support to King Abdullah’s Reforms in Jordan

The United States and Jordan signed on Friday an unprecedented Memorandum of Understanding (MoU) that offers financial support to the kingdom. “The MoU will support key reforms conceived of and led by King Abdullah’s government, focusing on improving the lives of Jordanians in tangible ways – reforms like improving essential…

Asharq Al-Awsat

Bahrain Detects 1st Monkeypox Case

Bahrain has detected its first monkeypox case, the state news agency BNA said on Friday, citing the health ministry. The ministry said the patient was returning from abroad when his symptoms were suspected and diagnosed, BNA added. "The patient, a 29-year-old male expatriate, has arrived in the Kingdom after recent…

Asharq Al-Awsat

Saudi Arabia Inaugurates Stage of Transition to Digital World Economies

After Crown Prince Mohammed bin Salman announced the National Gaming and Esports Strategy on Thursday, Saudi Arabia is set to launch a serious transformation phase towards the economies of the gaming industry. The Strategy aims to contribute to the Kingdom’s GDP by about SAR 50 billion ($13.3 billion) directly and…

Asharq Al-Awsat

SDAIA, SCCC Sign MoU to Promote Digital Transformation

The Saudi Data and Artificial Intelligence Authority (SDAIA) signed a memorandum of understanding (MoU) with the Saudi Cloud Computing Company, the leading provider of cloud computing services and digital transformation in the Kingdom, to join efforts to promote digital transformation and adopt the concept of cloud computing on a larger…

Asharq Al-Awsat

Saudi Crown Prince Launches National Gaming and Esports Strategy

Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Deputy Prime Minister and Chairman of the Council for Economic and Development Affairs, unveiled the National Gaming and Esports Strategy that marks the beginning of a new era toward leading the gaming sector and making the Kingdom a global hub…

Asharq Al-Awsat

Saudi Arabia to Establish World's First ‘Sustainability Center’ Using AI

The Saudi Deputy Minister of Environment, Water and Agriculture Mansour bin Hilal Al-Mushaiti revealed that Google has reached an agreement with Saudi Arabia to help implement Artificial Intelligence (AI) sustainable solutions and cutting-edge technologies in the Kingdom. The Saudi Authority for Data and Artificial Intelligence (SDAIA), in partnership with the…

Asharq Al-Awsat

KSA: Mawani Initiatives Limit Rise in Commodity Prices

The measures and initiatives launched by the Saudi Ports Authority (Mawani) resulted in curbing the sharp rise in global shipping costs, thus limiting the increase of commodity prices that was registered globally following the Covid-19 pandemic. Thanks to the initiatives launched by Mawani, the increase in commodity prices in the…

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi Ministry Signs Infrastructure Financing Deals Worth $6 Billion

Saudi Arabia’s finance ministry has signed financing agreements with local banks worth SAR25 billion ($6.65 billion) to fund infrastructure projects due to start in 2023-2024, the National Debt Management Center said on Wednesday. Saudi Arabia’s planned projects come in line with the ministry’s goal to enable and support strategic infrastructure…

Asharq Al-Awsat

Saudi Crown Prince Receives Message from President of Nigeria

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, received on Wednesday a written message from Nigeria’s President Muhammadu Buhari. The message focused on the close bilateral ties that bind their countries and ways to bolster them in various fields. The message was received by Saudi…

Asharq Al-Awsat

Saudi Arabia Leads Regional AI through Laboratory, Global Development Corridor

Saudi Arabia hosted the second edition of the Global AI Summit under the patronage of Crown Prince Mohammad bin Salman bin Abdulaziz, who also chairs the Board of Directors of the Saudi Authority for Data and Artificial Intelligence (SDAIA). During the summit, the Saudi Company for Artificial Intelligence (SCAI) announced…

Asharq Al-Awsat

Saudi Govt. Urges Continued Cooperation with Int’l Community to Reach Sustainable Development Goals

The Saudi government stressed on Tuesday the Kingdom’s keenness on maintaining cooperation with the international community to achieve sustainable development goals. Custodian of the Two Holy Mosque King Salman bin Abdulaziz chaired the cabinet meeting that was held in Jeddah. The cabinet was briefed on the letters received by King…

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Asharq Al-Awsat

Saudi Arabia Seeks to Strengthen Steel Industry

Saudi ministers revealed an endeavor to strengthen the iron and steel industry in the Kingdom, in parallel with plans to launch economic zones and initiatives to advance local supply chains and logistics. Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef announced that the ministry was working through the National…

Asharq Al-Awsat

Saudi Maritime Congress to Discuss Global Energy Challenges

Saudi Arabia is preparing for the Saudi Maritime Congress in Dammam to discuss global energy issues, opportunities, and challenges and reinforce industry leaders' commitment to achieving climate neutrality. The Saudi Maritime Congress is the largest global shipping and logistics event in the Kingdom of Saudi Arabia and is scheduled for…

Asharq Al-Awsat

Saudi Arabia Tops Hydrocarbon Producers in Oil, Gas Emissions

Saudi Arabia has been able to score higher than other hydrocarbon producers in many indicators related to the emissions performance of the oil and gas sector. Over the past year, the six Gulf Cooperation Council (GCC) countries have updated their medium-term greenhouse gas emissions targets by submitting revised nationally determined…

The Hindu

India has powerful case to be permanent member of U.N. Security Council: EAM Jaishankar

External Affairs Minister S. Jaishankar is in Saudi Arabia on his first visit to the Gulf Kingdom

Asharq Al-Awsat

Northern Ireland to Cooperate with Saudi Arabia in Raising Rates of Landfill Diversion, Recycling

Ireland underlined its commitment to support the growing technological innovation in Saudi Arabia. Steve Harper, Executive Director of International Business at Invest Northern Ireland, revealed his country’s plans to strengthen cooperation with the Kingdom with the aim to increase landfill diversion and recycling rates at the regional and global levels.

Asharq Al-Awsat

Saudi Arabia Welcomes Yemeni Gov’t Decision to Ease Entry of Oil Ships to Hodeidah

Saudi Arabia welcomed on Friday the Yemeni government’s decision to allow a number of oil ships to enter the port of Hodeidah on an exceptional basis at the request of the UN to alleviate the humanitarian crisis triggered by Houthi coup militias in Yemen. “Saudi Arabia welcomes the decision by…

Asharq Al-Awsat

Saudi Arabia Highlights Importance of Global Cooperation to Support World Economy

Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim has underlined the Kingdom’s steadfast commitment to renewing global cooperation and achieving the 17 UN Sustainable Development Goals (SDGs), the Saudi Press Agency reported. Al-Ibrahim said the G20 Development Ministers’ Meeting was an opportunity to work more closely and put…

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