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The Latest Breaking News from Riyadh

Iran's top security official holds talks in UAE after Riyadh-Tehran deal

Dubai (AFP) - Iran's top security official on Thursday held high-level talks in the United Arab Emirates, days after a shock rapprochement between Tehran and Riyadh.

AFP

Saudi Banks Safe from Troubled US Banks

Ayman Al-Sayari, Governor of Saudi Central Bank (SAMA), ruled out any transactions between Saudi banks and troubled US banks, affirming that the Kingdom’s banking sector enjoys capital adequacy and reassuring liquidity. Al-Sayari spoke with Al-Arabiya TV on the sidelines of the Financial Sector Conference in Riyadh when he added that…

Asharq Al-Awsat

Will Grundberg Succeed in Transforming Momentum into Permanent Truce in Yemen?

United Nations envoy to Yemen Hans Grundberg is seeking to take advantage of the momentum produced by the Chinese-sponsored Saudi-Iranian agreement to restore diplomatic relations by creating a breakthrough in the Yemeni crisis, by first consolidating the nationwide ceasefire and eventually reaching a lasting political settlement. Grundberg had concluded on…

Asharq Al-Awsat

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Iranian Officials: Khamenei Pushed for Speeding Up Talks with Saudi Arabia

Eager to end its political and economic isolation, Iran had been trying for two years to restore ties with Saudi Arabia, the Arab heavyweight and oil powerhouse. Last September, Iran's Supreme Leader Ali Khamenei lost patience with the slow pace of bilateral talks and summoned his team to discuss ways…

Asharq Al-Awsat

China’s Good Offices

With the Saudi-Iran deal, Beijing shows there’s a place for its less judgmental, see-no-evil diplomatic approach.

Foreign Policy

Saudi Arabia, Russia Stress Commitment to OPEC+ Decision on Oil Output Cuts

Saudi Minister of Energy Prince Abdulaziz bin Salman met in Riyadh on Thursday with Russian Deputy Prime Minister Alexander Novak who is visiting the Kingdom, the Saudi Press Agency reported. They discussed global oil markets and the efforts of OPEC+ to promote market stability, SPA said. They also stressed their…

Asharq Al-Awsat

China clearly has a plan to flex its diplomatic muscle around the world

In brokering a detente between Iran and Saudi Arabia – and offering its own peace plan for Ukraine – we have been given a glimpse of Beijing’s grander vision, writes Borzou Daragahi

The Independent UK

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SVB Collapse Dominates Discussions at Financial Sector Conference in Saudi Arabia

The collapse of the California-based Silicon Valley Bank (SVB) dominated most sessions and workshops of the Financial Sector Conference in Riyadh. The repercussions of SVB’s recent bankruptcy caused shock and confusion worldwide, especially for economies that fear that the crisis will spillover to their financial institutions. Saudi Minister of Finance…

Asharq Al-Awsat

Saudi Foreign Minister Meets with UN Envoy to Syria

Saudi Arabia's Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah met in Riyadh on Wednesday with UN Special Envoy of the Secretary General to Syria Geir Pedersen. During the meeting, they discussed the latest developments in Syria and the region and exchanged views on issues of common interest.

Asharq Al-Awsat

Analysis: Renewed Saudi-Iranian ties, brokered by China, force new calculations in Mideast

BEIRUT — The surprise announcement of a resumption of diplomatic ties between Saudi Arabia and Iran, thanks to a deal brokered by Beijing, underscores regional governments’ interest in a de-escalation of tensions — and China’s willingness to wield its economic clout to achieve it.

Los Angeles Times

Riyadh Air plans new orders ahead of 2025 take-off: CEO

Riyadh (AFP) - Saudi Arabia's new national airline plans more aircraft orders as it prepares to operate its first flights in early 2025, its CEO told AFP on Wednesday.

AFP

US Senate Confirms Ratney as New Ambassador to Saudi Arabia

The US Senate approved on Wednesday the appointment of Michael Alan Ratney to serve as the US Ambassador to the Kingdom of Saudi Arabia. US President Joe Biden had announced Ratney’s candidacy for the post back in April, 2022. The US embassy in Riyadh welcomed the appointment. “The US Senate…

Asharq Al-Awsat

Saudi Finance Minister: Opportunities Available for Saudi Arabia, Iran if Agreement Is Respected

Saudi Minister of Finance Mohammed Al-Jadaan stressed on Wednesday that the Kingdom is committeed to the agreement it reached with Iran to restore diplomatic relations. “There are a lot of opportunities for Saudi investments in Iran and they could happen very quickly following the agreement,” he told the second edition…

Asharq Al-Awsat

The Guardian view on Iran and Saudi Arabia: a cautious start

Editorial: Plans for the two countries to restore diplomatic relations are welcome, but are only a modest step forward

The Guardian - UK

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Foreign Policy

How China’s Saudi-Iran Deal Can Serve U.S. Interests

And why there’s less to Beijing’s diplomatic breakthrough than meets the eye.

Asharq Al-Awsat

Saudi Govt Hopes Constructive Dialogue with Iran Will Continue According to Agreement

The Saudi government hoped on Tuesday that the constructive dialogue with Iran will continue based on the Chinese-sponsored agreement that was reached last week. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The government hoped the agreement will benefit…

Asharq Al-Awsat

Saudi Arabia Places Order for up to 121 Planes from Boeing

Two Saudi Arabian airlines said Tuesday they will order 78 jetliners from Boeing and take options to buy 43 more in a major boost for the American aircraft manufacturer. The order for Boeing 787s will be divided between Saudi Arabia’s flag carrier, Saudia, and a planned new airline called Riyadh…

Al Jazeera

Analysis: Iran eases its regional isolation with Saudi deal

Iran and Saudi Arabia agreed to restore diplomatic relations, but Tehran is likely to keep its foreign policy pillars.

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Asharq Al-Awsat

Yemen Hopes Saudi-Iranian Agreement Would Stop Tehran's ‘Bad’ Meddling

Abdullah al-Alimi, member of Yemen’s Presidential Leadership Council (PLC), has voiced hope for the rapprochement between Tehran and Riyadh would lead to Iran stopping any malign involvement in Yemen. Al-Alimi’s statement was made during a meeting he had with the US ambassador to Yemen, Steven Fagin. The PLC member reaffirmed…

Axios

With Iran-Saudi deal, Beijing aims to bring its friends closer together

“This is about bloc-building rather than peace-building."

Asharq Al-Awsat

Kuwait Appoints New Ambassadors to Riyadh, Washington

The two Kuwaiti ambassadors-designate to Riyadh and Washington took the oath on Monday before Kuwaiti Crown Prince Sheikh Mishaal Al-Ahmed Al-Jaber Al-Sabah at the Bayan Palace. The swearing-in ceremony was attended by Kuwait's Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah. Sheikh Sabah Nasser Sabah Al-Ahmad, Kuwait’s Ambassador to the Kingdom…

Asharq Al-Awsat

Saudi Energy Minister, Tuvalu Prime Minister Discuss Energy Cooperation

Saudi Energy Minister Prince Abdulaziz bin Salman met with Prime Minister of Tuvalu Kausea Natano in Riyadh. During the meeting, the two officials discussed bilateral relations between the two countries, prospects for joint cooperation in energy fields, and ways to develop ties. They also reviewed the Kingdom's initiatives to preserve…

The Conversation

Saudi-Iran deal won't bring peace to the Middle East but will enhance China's role as power broker

After more than four decades as seemingly implacable enemies on either side of a deep political-religious divide in the Middle East, Saudi Arabia and Iran have agreed to restore diplomatic relations and reopen embassies. The deal, which was signed in Beijing, comes seven years after diplomatic relations were severed in…

Asharq Al-Awsat

Iran Pledges Achieving Regional Peace, Stability

Two days after Beijing brokered an agreement between Riyadh and Tehran to resume relations, Tehran pledged “to use regional energies to achieve and consolidate comprehensive peace and stability.” Maj. Gen.

Asharq Al-Awsat

Saudi FM to Asharq Al-Awsat: Agreement with Iran Sign of Joint Will to Resolve Disputes through Dialogue

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah said the Saudi-Iranian agreement to restore diplomatic relations underscores the joint desire by both sides to “resolve disputes through communication and dialogue.” He added, however: “This does not mean that an agreement has been reached to resolve all pending disputes between…

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