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The Latest Breaking News from Saudi Arabia

Boeing Affirms Support for Safe, Sustainable Aviation Market in Saudi Arabia

Boeing Co.

Asharq Al-Awsat

Egypt’s el-Sisi visits Saudi Arabia amid financial pressure

El-Sisi meets Crown Prince Mohammed bin Salman as Egypt’s economic woes deepen.

Al Jazeera

Saudi-British Partnership to Establish First Hospitality Investment Fund

A British giant in the global hospitality industry has revealed talks with Saudi authorities to establish a fund aimed at accelerating and developing investment in the kingdom’s hotel sector. CEO of Soric International Mark Blick told Asharq Al-Awsat that he recently conducted discussions with the Investment Ministry regarding ways to…

Asharq Al-Awsat

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Analysis: Saudi prince pivots to peace after years of war

In the years since Saudi Crown Prince Mohammed bin Salman catapulted to power, it’s hard to find a controversy in the Middle East that doesn’t somehow involve the 37-year-old heir to the throne

The Independent UK

Oil prices soar on producer output cuts; Asian shares mixed

Oil prices have soared more than 5% after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May until the end of the year

The Independent UK

OPEC+ makes shock million-barrel cut in new inflation risk

OPEC+ announced a surprise oil production cut of more than 1 million barrels a day, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy.

Tribune News Service

Oil powers announce surprise cuts of more than 1 million bpd

Riyadh (AFP) - Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on Sunday, calling it a "precautionary" move aimed at stabilising the market.

AFP

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Egypt's Sisi visits Saudi Arabia amid financial pressure, regional realignment

Egyptian President Abdel Fattah al-Sisi visited Saudi Arabia on Sunday, Saudi state news agency SPA said, as Cairo seeks financial inflows to ease pressure on its currency and bolster a faltering economy.

Reuters

Saudis to cut oil production by 500,000 barrels per day

Saudi Arabia says it will cut oil production by 500,000 barrels per day from May until the end of 2023

The Independent UK

Saudi, Iranian FMs Discuss Future Steps after Agreement to Normalize Ties

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah received on Sunday a telephone call from his Iranian counterpart Hossein Amir-Abdollahian. The officials discussed several issues of common interest between their countries. They also tackled the future steps they will take after Saudi Arabia and Iran agreed to normalize relations,…

Asharq Al-Awsat

Saudi Crown Prince Receives Written Message from President of Djibouti

Prince Mohammed bin Salman, Crown Prince and Prime Minister, received on Sunday a written message from President of Djibouti Ismail Omar Guelleh. The message tackled the strong and close bilateral relations that bind their countries and ways to bolster and develop them in various fields. The message was received by…

Asharq Al-Awsat

Saudi Arabia, Russia, Gulf, Arab Countries Announce Voluntary Oil Output Cuts

Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production, with Riyadh saying it would cut output by 500,000 barrels per day (bpd) from May until the end of 2023, state media reported. Russia's deputy prime minister also said Moscow would extend a voluntary cut…

Asharq Al-Awsat

Saudi Arabia to invite Syria's Assad to Arab leaders summit

Saudi Arabia is planning to invite Syrian President Bashar al-Assad to an Arab League summit that Riyadh is hosting in May, three sources familiar with the plans said, a move that would formally end Syria's regional isolation.

Reuters

Saudi Fintech Sector Sees Unprecedented Growth

A report by the Washington-based Saudi-American Business Council pointed to an “unprecedented” growth in the field of startup investments. Saudi Arabia has one of the most developed financial services sectors in the Middle East and North Africa region. The report indicated that during August 2022, the Kingdom witnessed a 79…

Asharq Al-Awsat

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Asharq Al-Awsat

Deputy Minister to Asharq Al-Awsat: Number of Hajj Pilgrims Will Match Figures Reached 4 Years Ago

Saudi Deputy Minister of Hajj and Umrah Dr. Abdulfattah al-Mashat predicted that this year’s Hajj will attract the same number of pilgrims as four years ago. In remarks to Asharq Al-Awsat, he said over 2.4 million pilgrims performed the Hajj four years ago. Breaking down the figure, he revealed that…

Daily Mirror

Lionel Messi transfer: Barcelona contact, PSG threats and Cristiano Ronaldo proposal

Lionel Messi faces an uncertain future with offers from Barcelona and Saudi Arabian club Al-Hilal alongside the option of renewing his contract at Paris Saint-Germain

Autosport

Russell: Mercedes to "go for it" attempting to beat Verstappen in Australian GP

Russell ended up just 0.236s behind Verstappen in Q3 at Albert Park, with his team-mate Lewis Hamilton third in the sister Mercedes, a somewhat surprise result for the Black Arrows squad after its difficult start to the new campaign and having been 0.6s off the pace in both Bahrain and Saudi…

Asharq Al-Awsat

Saudi to Identify Challenges Facing Construction Permits for Commercial Buildings

Efforts are underway to identify the challenges related to obtaining construction permits for commercial buildings in Saudi Arabia. Proposed solutions are being developed and shared with the Ministry of Municipal, Rural Affairs, and Housing, in anticipation of presenting the final plan at the periodic meeting of the Executive Committee for…

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Motorsport

Russell: Mercedes F1 will "go for it" to beat Verstappen in Australian GP

Russell ended up just 0.236s behind Verstappen in Q3 at Albert Park, with his team-mate Lewis Hamilton third in the second Mercedes, a somewhat surprise result for the Black Arrows squad after its difficult start to the new campaign and having been 0.6s off the pace in both Bahrain and…

Asharq Al-Awsat

Saudi Arabia Among Top Donors Responding to Turkiye Earthquakes

Saudi Arabia has been named one of the largest donors of humanitarian aid to Turkiye following the recent earthquakes. In a statement, the UN Office for Humanitarian Affairs (OCHA) thanked donors who contributed $268 million in response to the US$1 billion humanitarian funding appeal for Turkiye following the earthquakes. OCHA…

The Conversation

How men's golf has been shaken by Saudi Arabia's billion-dollar drive for legitimacy

The first major tournament of 2023 in men’s professional golf could be a particularly tense affair. The Masters, held every April in the US city of Augusta (Georgia), sees the world’s finest players compete for a prize purse of around US$15 million (£12.1m), as well as the famous green jacket…

Evening Standard

Anthony Joshua at career-heaviest for comeback fight as Jermaine Franklin sheds the pounds

AJ tips the scales 11lbs heavier than for his rematch defeat by Oleksandr Usyk in Saudi Arabia

Daily Mirror

Oleksandr Usyk was willing to accept $40million pay cut for Tyson Fury fight

Unified world heavyweight champion Usyk had agreed to a monster $60million deal for a fight with Fury in Saudi Arabia, but would have taken considerably less for a bout in the UK

AFP

Hamilton says no hope of challenging Red Bulls in Australia

Melbourne (AFP) - Seven-time world champion Lewis Hamilton admitted Friday that Mercedes had little hope of keeping pace with the Red Bulls in Australia, and matching his fifth place in Saudi Arabia was a more realistic target.

Asharq Al-Awsat

Saudi Unemployment Hits Record Low, Approaches ‘Vision 2030’ Target

In the last quarter of 2022, the unemployment rates in Saudi Arabia hit a historical low of 8%, which is only one percentage point away from the targeted rate of 7% specified in the country's national transformation plan, “Vision 2030.” The decrease in joblessness in the Kingdom can be attributed…

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