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The Latest Breaking News from Asharq Al-Awsat

A Wary US Watches Trump in Criminal Court, Hoping for Justice

Former US President Donald Trump's surrender on criminal charges Tuesday was marked by clashes between his fans and foes outside a downtown Manhattan courtroom, and a now-familiar cycle of name-calling and outrage from lawmakers and Trump himself. But many Americans who say they are watching this case and other Trump…

Asharq Al-Awsat

Fitch Upgrades Saudi Arabia’s Economy to A+

Fitch ratings has upgraded Saudi Arabia’s Long-term foreign-currency issuer default rating (Idr) to ‘A+’ from ‘A’, with stable outlook. This reflects Saudi Arabia's strong fiscal and external balance sheets, with government debt/GDP and sovereign net foreign assets (SNFA) considerably stronger than both the 'A' and 'AA' medians, and significant fiscal…

Asharq Al-Awsat

Saudi Defense Minister Meets with Al-Alimi and PLC Members

Saudi Minister of Defense Prince Khalid bin Salman said Thursday that he has met with Chairman of Yemen’s Presidential Leadership Council (PLC) Dr. Rashad Al-Alimi. Prince Khalid said on Twitter that he met with Al-Alimi and members of the PLC to convey the greetings of the Custodian of the Two…

Asharq Al-Awsat

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Deal to Restore Democratic Transition in Sudan Delayed Again

A dispute between Sudan’s military and a paramilitary group again forced the delay of signing a deal with politicians to restore the country’s democratic transition, which was derailed by a 2021 coup, a pro-democracy bloc said Wednesday. The bloc, known as the Forces for the Declaration of Freedom and Change,…

Asharq Al-Awsat

Saudi Arabia Raises Arab Light Crude Prices for Asia for 3rd Month

Saudi Arabia, the world's top oil exporter, has raised the prices of its flagship crude for Asian buyers for the third straight month, informed sources said. The official selling price (OSP) for May-loading Arab Light to Asia was raised by 30 cents a barrel from April to $2.80 a barrel…

Asharq Al-Awsat

Saudi Foreign Minister Meets Iranian Counterpart in China

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah met with his Iranian counterpart, Hossein Amirabdollahian, in China, Saudi state-run television said Thursday. Riyadh and Tehran agreed to resume diplomatic ties and re-open embassies in a major deal facilitated by China last month.

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Rockets Fired from Gaza Raise Tension as Passover Begins

Palestinian fighters fired a barrage of rockets early Thursday, setting off air raid sirens in southern Israel, as violence erupted for the second day in a row during a sensitive period of overlapping holidays. The barrage came after another tense night at Jerusalem’s most sensitive holy site, the Al-Aqsa Mosque,…

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King Salman Directs to Disburse Ramadan Assistance to Social Security Beneficiaries

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has directed to disburse Ramadan assistance to beneficiaries of the social security, with each head of a family receiving SAR1,000 and each member of a family receiving SAR500. The amount of aid, estimated at more than SAR3 billion,…

Asharq Al-Awsat

Egypt's Net Foreign Reserves Rise

Egypt’s net foreign reserves increased $95 million by the end of March 2023 to $34.447 billion, compared to $34.352 billion by the end of February 2023, the Central Bank of Egypt (CBE) said Wednesday.

Asharq Al-Awsat

Russia’s Lavrov to Discuss Ukraine, Grain and Energy in Visit to Türkiye

Russian Foreign Minister Sergei Lavrov and his Turkish counterpart Mevlut Cavusoglu will discuss the conflict in Ukraine, energy cooperation and the Black Sea grain deal during a two-day visit by a Russian delegation this week. Türkiye has positioned itself as a potential intermediary between Kyiv and Moscow in the 13-month…

Asharq Al-Awsat

Violence at Jerusalem's Al-Aqsa Raises Fears of Escalation

Israeli police stormed the Al-Aqsa Mosque in Jerusalem’s Old City early Wednesday, firing stun grenades at Palestinians who hurled stones and firecrackers in a burst of violence during a sensitive holiday season. Palestinian militants in Gaza responded with rocket fire on southern Israel, prompting repeated Israeli airstrikes. The fighting, which…

Asharq Al-Awsat

TotalEnergies, Iraq Agree on Delayed $10 Bn Project

French energy giant TotalEnergies announced Wednesday an agreement with Iraq on a long-delayed $10 billion project to improve the country's rundown electricity grid after resolving disputes over the terms of the deal. The contract -- which includes investments in oil, gas and solar production -- was signed in September 2021…

Asharq Al-Awsat

At Least 21 Dead in Somalia’s Flash Floods, Says UN Agency

At least 21 people including six children have died in Somalia’s flash flooding over the last week, according to the UN humanitarian agency. Nearly 100,000 people have been affected by the heavy rains and flash floods in the Bardhere district of the Gedo region of southern Somalia, according to the…

Asharq Al-Awsat

UN Nuclear Chief Discusses Ukraine Nuclear Plant in Russia

The head of the UN's atomic energy watchdog met with Russian officials in Kaliningrad on Wednesday for negotiations on the safety of Ukraine’s Zaporizhzhia nuclear power plant, currently held by Russian forces. International Atomic Energy Agency chief Rafael Grossi’s trip to the Russian exclave came a week after he visited…

Asharq Al-Awsat

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Asharq Al-Awsat

Putin: Reason to Believe Western Intelligence Involved in Ukrainian ‘Terrorism’

Russian President Vladimir Putin said during a televised meeting with officials on Wednesday that there was reason to believe Western intelligence agencies were involved in what he said were sabotage and terrorist acts carried out by Ukraine. In a meeting of the Kremlin's Security Council with the heads of the…

Asharq Al-Awsat

Türkiye Closes Airspace to Flights Using North Iraqi Airport

Türkiye has closed its airspace to flights to and from an airport in Kurdish-administered northern Iraq, a top Turkish official announced Wednesday, citing an alleged increase in Kurdish militant activity threatening flight safety. The airspace was closed Tuesday to flights taking off from and landing at Sulaymaniyah International Airport, in…

Asharq Al-Awsat

Al Marzouqi Appointed General Coordinator for Negotiations and Head of GCC Negotiating Team

Secretary General of the Gulf Cooperation Council (GCC) Jassem Albudaiwi held talks on Wednesday with Dr. Raja bin Manahi Al Marzouqi, newly-appointed General Coordinator for Negotiations and Head of the Negotiating Team of the GCC, on the occasion of his appointment. The GCC Ministerial Council had on March 22 issued…

Asharq Al-Awsat

Zamalek Fire Entire Coaching Staff After Latest Defeat

Egyptian football champions Zamalek are under pressure to appoint a new coach - and fast - after firing all of their interim coaching staff in the aftermath of their latest defeat. Zamalek, who two weeks ago sacked Portuguese coach Jesualdo Ferreira for the second time in two months, lost 3-2…

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Asharq Al-Awsat

Asian Cup Confirmed for Jan-Feb Slot in Qatar Next Year

The next edition of the Asian Cup will be held in Qatar from Jan. 12 to Feb. 10 in 2024, the Asian Football Confederation (AFC) confirmed on Wednesday. The quadrennial continental championship was awarded to China in 2019 but the world's most populous country relinquished the rights this year as…

Asharq Al-Awsat

Lukaku Representative Requests Action After Racist Incident

Romelu Lukaku’s management company reacted with outrage after the Inter Milan forward was shown a second yellow card and then sent off for a gesture toward Juventus fans who directed racist chants at him. The incident occurred after Lukaku converted a penalty in stoppage time to earn Inter a 1-1…

Asharq Al-Awsat

US Flies Nuclear-capable Bombers Amid Tensions with N. Korea

The United States flew nuclear-capable B-52 bombers to the Korean Peninsula again on Wednesday in a show of strength against North Korea amid concerns that the North might conduct a nuclear test. The long-range bombers took part in joint aerial drills with US and South Korean fighter jets over the…

Asharq Al-Awsat

IMF Approves Two-Year Flexible Credit Line for Morocco

The Executive Board of the International Monetary Fund (IMF) has approved a two-year arrangement for Morocco under the Flexible Credit Line (FCL).

Asharq Al-Awsat

Inflation, Declining Demand Pressure Egypt’s Private Sector

A survey conducted on Tuesday revealed that for the 28th consecutive month, non-oil private sector activity in Egypt has continued to decline due to restrictions on imports and currency, as well as a significant increase in inflation, which has adversely affected companies. The S&P Global Egypt PMI ticked down to…

Asharq Al-Awsat

AD Ports Signs $2 Bln Syndicated Bank Facility

AD Ports Group has signed a $2 billion financing agreement with a syndicate of 13 banks, it said in a statement on Tuesday. The multi-currency general corporate facility agreement consists of three tranches of $620 million, 600 million euros, and 2.863 billion dirhams ($779 million), and for a period of…

Asharq Al-Awsat

Qatari Minister Holds Meetings in Lebanon amid International Action to Help Address Crisis

International action to help Lebanon overcome its crisis have recently come to the fore, especially the quintet meeting that recently brought together representatives of the United States, France, Saudi Arabia, Egypt and Qatar in Paris. In parallel, Qatar’s Minister of State in the Ministry of Foreign Affairs, Mohammed bin Abdulaziz…

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