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The Latest Breaking News from Riyadh

Shadow Economy in Saudi Arabia Touches 15%

Saudi Finance Minister and Chairman of the Zakat, Tax and Customs Authority (ZATCA) Mohammed Al-Jadaan – during a panel discussion held under the theme “Addressing the Shadow Economy Using Digital Solutions”, as part of the Riyadh-hosted Zakat, Tax and Customs Conference said that the shadow economy today has become prevalent…

Asharq Al-Awsat

Saudi FDI Inflows Grow by 10.7% in 3rd Quarter 2022

The Saudi Ministry of Investment said on Tuesday that the foreign direct investment (FDI) inflows into Saudi Arabia rose 10.7% in the third quarter of 2022 over the same period a year earlier. FDI inflows amounted to 7.2 billion riyals ($1.9 billion) in the third quarter of 2022, according to…

Asharq Al-Awsat

Funds, Financing Portfolios Allocate $1 Billion for Saudi Emerging Technologies

Eight investment funds and programs allocated 3.7 billion riyals ($1 billion) to support Saudi Arabia’s IT sector. On the sidelines of the LEAP 2023 conference in Riyadh, the Ministry of Communications and Information Technology unveiled on Tuesday investment funds to support the growth of startups and medium-sized companies, accelerate the…

Asharq Al-Awsat

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UN Envoy in Riyadh, Aden to Discuss Efforts to Resolve Yemen Crisis

United Nations envoy to Yemen Hans Grundberg held talks in Riyadh and the interim Yemeni capital, Aden, aimed at reaching a political solution in the war-torn country. In the Saudi capital, he met with the Kingdom’s Ambassador to Yemen and Supervisor General of the Saudi Program for Development and Reconstruction…

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Qatar, Bahrain Agree in Riyadh to Resolve Pending Disputes

Qatar and Bahrain agreed on Tuesday to resolve pending disputes between them in line with the AlUla declaration that was reached in 2021. Qatari Foreign Minister and Deputy Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani and Bahraini FM Dr. Abdul Latif al-Zayani headed two delegations that met for talks…

Asharq Al-Awsat

Saudi Arabia Underscores Solidarity with Türkiye, Syria after Devastating Quake

The Saudi government underscored on Tuesday its solidarity with Turkey and Syria in wake of the devastating earthquake that struck them on Monday. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The ministers reviewed the latest regional and international…

Asharq Al-Awsat

Saudi Arabia Seeks to Promote 4th Industrial Revolution Technologies to Raise Productivity

Saudi ministers have revealed the Kingdom’s determination to harness technology in diversifying the economy, with the launching of new investments and activating the full potential of the fourth industrial revolution technologies in various sectors. Speaking during a session held on the first day of the LEAP 2023 conference in Riyadh,…

Asharq Al-Awsat

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Saudi Govt Agencies Reveal Products, Programs for Digital Transformation

The first day of the LEAP 2023 conference in Riyadh on Monday witnessed a number of agreements and the launch of a package of platforms and digital products to maximize business. Saudi Minister of Energy Prince Abdulaziz bin Salman inaugurated a digital platform specialized in providing a number of services…

Asharq Al-Awsat

Saudi Arabia Unveils Investments Exceeding $9 Billion with Launch of LEAP 2023

With the launch of the LEAP Tech 2023 conference - the largest global gathering for technology and digitization developments – on Monday in Riyadh, Saudi Arabia unveiled investments exceeding $9 billion to support future technologies and emerging companies in the Kingdom. More than 700 experts, scientists and specialized companies from…

Asharq Al-Awsat

Caracalla Dance Theater Takes ‘Jamil and Bouthayna’ to Jeddah

After AlUla, where the story of Jamil ibn Ma'mar and Bouthayna Bint Hayyan was born, and the Theater of Princess Nourah Bint Abdulrahman University in Riyadh, in June 2022, the Caracalla Dance Theatre plans to perform the Arabic epic love story of Jamil and Bouthayna in Jeddah, on “The Jamil…

Asharq Al-Awsat

Sara: Saudi Arabia's First Interactive Robot

Sara, Saudi Arabia's first interactive robot, welcomed attendees at LEAP 2023 conference, which was launched in Riyadh on Monday. Sara was manufactured in cooperation between Saudi Digital and Qss Company. It can communicate with all visitors, interact with them, perform popular dance moves, and respond to visitors' inquiries.

Asharq Al-Awsat

Riyadh Hosts Major Int’l Tech Gathering to Predict Future of Global Technology

Saudi Arabia’s capital Riyadh is hosting the second edition of a major technology conference known as LEAP. From Feb.

Asharq Al-Awsat

IAEE Conference Discusses Opportunities for Advancing ‘Hydrogen Economy’

Hosted for the first time in the MENA region, the 44th International Association for Energy Economics (IAEE) Conference in Riyadh reviewed the risks of volatility in global oil and gas markets. Participants at the summit also discussed threats to future opportunities offered by the hydrogen economy. Prince Abdulaziz bin Salman,…

Asharq Al-Awsat

Saudi FM, Kuwait Crown Prince Discuss Bilateral Ties

Kuwait Crown Prince Sheikh Mishal al-Ahmad al-Jaber Al Sabah received in Kuwait on Sunday Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah. Prince Faisal and an accompanying delegation are on an official visit to Kuwait. The Saudi Foreign Ministry said talks between the officials tackled the unique bilateral relations…

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi Energy Minister Calls for Trusting OPEC+

Saudi Energy Minister Prince Abdulaziz bin Salman reiterated on Saturday that OPEC+ does not interfere in politics. "We are a responsible group of countries, we do take policy issues relevant to energy and oil markets in a total silo and we don't engage ourselves in political issues," the prince said.…

Asharq Al-Awsat

Governor of Riyadh Crowns Winners of King Abdulaziz Camel Festival

The closing ceremony of the seventh edition of the King Abdulaziz Camel Festival was held yesterday in Riyadh, with the Governor of Riyadh, Prince Faisal bin Bandar, attending on behalf of Crown Prince and Prime Minister Mohammed bin Salman. Prince Faisal bin Bandar gave out the first-place awards at the…

Asharq Al-Awsat

Saudi Arabia, France Sign MoU on Energy Cooperation

Saudi Energy Minister Prince Abdulaziz bin Salman held talks in Riyadh on Thursday with French Foreign Minister Catherine Colonna, who was on an official visit to the Kingdom. They discussed prospects of cooperation in peaceful uses of nuclear energy and future opportunities in various energy fields, including renewable energy, clean…

Asharq Al-Awsat

Saudi, French FMs Meet in Riyadh

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah held talks in Riyadh on Thursday with his French counterpart Catherine Colonna, who was on an official visit to the Kingdom. The ministers discussed the strong bilateral relations that bind Riyadh and Paris and ways of boosting and developing them in…

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Radio France Internationale

French Foreign Minister visits Mideast in bid to reinforce regional friendships

French Foreign Minister Catherine Colonna is in Riyadh this Thursday as part of a three-day visit to Saudi Arabia and the United Arab Emirates in a bid to strengthen partnerships in the Middle East amid regional and international instability.

Asharq Al-Awsat

Saudi-US Partnership to Build Vertical Farms in MENA Region

The Saudi Public Investment Fund (PIF) announced a joint venture agreement with AeroFarms, a US-based commercial market leader in vertical farming, to establish a company in Riyadh to build and operate indoor vertical farms in Saudi Arabia and the Middle East and North Africa (MENA) region. The agreement seeks to…

Asharq Al-Awsat

Saudi Arabia, Türkiye Discuss Defense, Military Cooperation

The Chief of the Royal Saudi Staff, Lieutenant-General Fayyad al-Ruwaili, discussed with Türkiye's Deputy Minister of National Defense Mohsen Dara bilateral cooperation in defense and military fields. They showcased during their meeting in Riyadh the strategic ties between Saudi Arabia and Türkiye, specifically military and defense cooperation, in addition to…

Asharq Al-Awsat

Eurasian Resources to Launch Long-term Investment in Saudi Arabia

Eurasian Resources Group (ERG) has announced its intention to invest in the Kingdom’s mining sector for the long term to expand its presence in the region. Benedikt Sobotka, CEO of ERG, said that the Future Minerals Forum, which was held in Riyadh in January, revealed the enormous mineral capabilities of…

Asharq Al-Awsat

ALECSO Partners with Saudi Arabia’s SNC on Major Int’l Education Conference

The Arab League Educational, Cultural and Scientific Organization (ALECSO), in cooperation with the Saudi National Commission for Education, Culture and Science (SNC), is set to host the inaugural edition of a major international conference on culture, science and education in the 21st century. The conference, ‘Future of Education, Science, and…

Asharq Al-Awsat

Saudi Arabia Urges Int’l Community to Assume Responsibilities in Ending Israeli Occupation

The Saudi government urged on Tuesday the international community to assume its responsibilities in ending the Israeli occupation of Palestinian territories. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The government also underscored the need to revive the peace…

Asharq Al-Awsat

Saudi, Chinese FMs Discuss Int’l Developments

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah held telephone talks on Monday with his Chinese counterpart Qin Gang. Their discussions focused on regional and international developments and efforts exerted towards them to achieve security and stability. Prince Faisal congratulated Gang on his appointment to his post. They tackled…

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