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The Latest Breaking News from Riyadh

Saudi Arabia to Produce 10GW of Wind Energy in Egypt

Egypt and Saudi Arabia signed on Tuesday a memorandum of understanding for the implementation of a 10 gigawatt wind electric power project in Egypt. The MoU was signed between Saudi ACWA power company and Egypt’s New and Renewable Energy Authority and the Egyptian Electricity Transmission Company. The Saudi Press Agency…

Asharq Al-Awsat

'Pride of Saudia Arabia': Newcastle wins new fans in oil-rich kingdom

Riyadh (AFP) - Life supporting English football club Newcastle United was once a lonely undertaking for Alwaleed Aldebasi, who spent years watching matches by himself at his home in the Saudi capital.

AFP

Iran denies it poses a threat to Saudi Arabia, after report Saudis raised concern

Iran denied on Wednesday it posed a threat to Saudi Arabia, after the Wall Street Journal reported that Riyadh had shared intelligence with the United States warning of an imminent attack from Iran on targets in the kingdom.

Reuters

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Saudi Arabia Will Host the Next Arab Summit

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah announced on Wednesday that the Kingdom will host the next Arab League summit. Speaking at the closing meeting of the Arab summit in Algeria, he praised the efforts that have been made to ensure its success. Riyadh praises the outcomes of…

Asharq Al-Awsat

Cairo, Dubai and London Heathrow lead busiest air routes as Asia flights slump

Top two international air routes both serve Saudi Arabia

The Independent UK

Saudi-German Business Forum Discusses Industrial Cooperation

Saudi Arabia and Germany discussed industrial cooperation, especially in the automobiles, medical technology, and artificial intelligence sectors, at the Saudi-German Business Forum. Organized by the Federation of Saudi Chambers, the Forum was held in Riyadh with the participation of more than 40 Saudi and German companies, from various economic sectors,…

Asharq Al-Awsat

Riyadh Hosts International Workshop to Improve Yemeni Institutions

The Coordination Group for Building and Developing the Capacity of Yemeni Institutions held on Tuesday its first workshop in Riyadh, with the participation of a number of Yemeni and Saudi institutions and international organizations. The two-day workshop aims to discuss means to strengthen the work of the Yemeni government and…

Asharq Al-Awsat

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Translation Forum to Discuss Challenges, Technologies in Riyadh

The Saudi capital is set to host the 2nd edition of the Translation Forum 2022, described as the largest translation gathering in the region, to discuss the modern trends and techs in the translation industry, and the new, promising opportunities offered by the technological advancement driven by machine learning and…

Asharq Al-Awsat

Saudi Arabia, US share intel on possible Iran attack

WASHINGTON — Saudi Arabia and the U.S. have shared information indicating Iran may attack the kingdom or other nations in the region sometime soon, leading Washington and Riyadh to adjust their military posture, according to people familiar with the matter.

Tribune News Service

Saudi Govt Approves Establishment of Higher Council of Space Headed by Crown Prince Mohammed

The Saudi government approved on Tuesday the establishment of the Higher Council of Space that will be headed by Prince Mohammed bin Salman, Crown Prince and Prime Minister. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The government also…

Asharq Al-Awsat

Saudi Aramco posts 39 percent jump in profits

Riyadh (AFP) - Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year boosted by higher oil prices resulting largely from Russia's invasion of Ukraine.

AFP

Boeing CEO to Asharq Al-Awsat: Aviation Industry Is Recovering, FII Came at an Important Time

President of Boeing International Sir Michael Arthur said that the aviation industry was recovering and in good condition, stressing its vitality for the global economy. Commenting on the Riyadh-hosted Future Investment Initiative (FII) forum, Arthur told Asharq Al-Awsatthat he was very impressed with the scope of the conference, which he…

Asharq Al-Awsat

Saudi Arabia, France to Cooperate on Clean Hydrogen, Renewable Energy

Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz reiterated on Friday the need to increase the stability of the global oil market, during a video call with French Minister for Energy Transition, Agnes Pannier-Runacher. Saudi Arabia and France are seeking to increase cooperation in clean hydrogen and renewable energy.…

Asharq Al-Awsat

Riyadh Season 2022 Hosts Middle East’s Largest Anime Event

The Saudi Anime Exhibition, the largest anime expo in the Middle East and part of Riyadh Season 2022, kicked off in the Saudi capital on Thursday. The three-day celebration offers fans the chance to tour a world of Japanese anime with more than 30 pavilions featuring the most popular anime…

Asharq Al-Awsat

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Asharq Al-Awsat

FII Forum Session Calls for Transition to Resilient Economy to Face Challenges

The third and final day of the 6th edition of the Future Investment Initiative (FII) forum embarked on its activities with a session titled “Transforming Banking and Investment for the Resilient Economy.” The CEO of Saudi EXIM Bank Group, Saad bin Abdulaziz Al-Khalb, participated in the session, which was held…

AFP

Arab-Israeli banker talks up Saudi market at investor forum

Riyadh (AFP) - The head of an Israeli bank appeared at a Saudi investor forum Thursday and hailed "amazing" opportunities in the kingdom, a sign of the business world's interest in seeing diplomatic ties between the former enemies.

Reuters

Hong Kong finance chief stuck in Saudi Arabia after catching COVID

Hong Kong's Financial Secretary Paul Chan tested positive for COVID-19 during a visit to Saudi Arabia and will stay there for a "short while" to observe health requirements, the city's government said on Thursday.

Asharq Al-Awsat

Saudi Arabia Warns against Upcoming Economic Pressure

As the ongoing Future Investment Initiative forum in Riyadh is discussing ways to address the turbulent conditions and the immediate economic pressures in the world, economy, trade, and investment ministers presented their ideas and strategies to adapt to the current global situation. - Proactive outlook Eng. Khalid Al-Falih, the Saudi…

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Asharq Al-Awsat

Saudi Finance Minister Says Next Six Months ‘Very Good’ for Gulf

Saudi Finance Minister Mohammed al-Jadaan said on Wednesday the next six months, and possibly six years, would be "very good" for the Gulf Arab countries but "very difficult" for the wider Middle East. Speaking at Riyadh's Future Investment Initiative (FII) forum, he said the next six months would be difficult…

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

Saudi Crown Prince Receives President of Senegal, Pakistan PM

Prince Mohammed bin Salman, Crown Prince and Prime Minister, held talks in Riyadh on Tuesday with President of Senegal Macky Sall. Talks focused on bilateral relations between their countries and opportunities for furthering cooperation. They also discussed several issues of common interest. Crown Prince Mohammed also received Prime Minister of…

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

King Salman Arrives in Riyadh from Jeddah

Custodian of the Two Holy Mosques King Salman bin Abdulaziz arrived in Riyadh from Jeddah on Tuesday. He was received at King Khalid International Airport by Governor of the Riyadh Region Prince Faisal bin Bandar bin Abdulaziz and Deputy Governor Prince Mohammed bin Abdulrahman bin Abdulaziz. King Salman was seen…

WEKU

Wall Street eager to strike deals with Saudi Arabia, despite political concerns

U.S. executives and billionaire investors are mingling and making deals at a conference nicknamed "Davos in the Desert," even as the White House reevaluates relations with Saudi Arabia.

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)…

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