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The Latest Breaking News from Saudi Arabia

176 Industries Localized in Saudi Arabia with Investments Exceeding $34 Billion

The Saudi Local Content Coordination Council revealed that the value of opportunities that were developed and launched in the Kingdom during the past year, with the aim to increase local content, reached about 24.8 billion riyals ($6.6 billion). In parallel, 176 industries were localized in three years from 2019 to…

Asharq Al-Awsat

Saudi Arabia Condemns Attack in Congo

The Saudi Foreign Ministry strongly condemned on Monday the criminal attack that took place in DR Congo’s eastern town of Kishishe that left dozens dead. It said the Kingdom rejects all forms of violence and terrorism that violate religious, ethical and humanitarian values. It stressed that Riyadh stands by the…

Asharq Al-Awsat

Saudi Crown Prince Announces Development of Sindalah Island, First Sea Destination in NEOM

Saudi Crown Prince and Prime Minister Mohammed bin Salman, the Chairman of the NEOM Company Board of Directors, has announced the development of Sindalah, the first luxury island destination in NEOM and one of the most important projects supporting Saudi Arabia’s national tourism strategy. A main gateway to the Red…

Asharq Al-Awsat

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India withdraws bid to host 2027 AFC Asian Cup, Saudi Arabia left as lone bidder

NEW DELHI: India on Monday withdrew its bid to stage the 2027 AFC Asian Cup with the All India Football Federation (AIFF) declaring that hosting big-ticket events is not among its "strategic priorities" at this juncture.

The Times of India

Middle East nations capable of hosting more Formula E races, says Saudi chief

Middle Eastern nations have the capacity to host more Formula E races in addition to the Diriyah E-Prix, according to the Saudi Arabian race's promoter Carlo Boutagy.

Autosport

SOUNDSTORM Concludes after 260 Hours of Music

Music lovers said goodbye to the region’s largest music festival in Riyadh, Saudi Arabia, SOUNDSTORM, after over 260 hours of music played on seven stages over three days. Tickets to watch the greatest, global artists partaking in this gigantic musical manifestation were sold out as hundreds of thousands of people…

Asharq Al-Awsat

Saudi Arabia Set to Host 2027 Asian Cup after India Withdraws Bid

The Asian Football Confederation issued a statement Monday saying the All Indian Football Federation had withdrawn from the host selection process. No reason was published. The bids from India and Saudi Arabia had been shortlisted by the AFC’s executive committee in October and the final decision was expected to be…

Asharq Al-Awsat

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UAE president visits Qatar in sign of warming ties

The United Arab Emirates (UAE) president arrived in Qatar on Monday on the first such visit since Saudi Arabia and its Arab allies ended a boycott of Doha nearly two years ago.

Reuters

Timeline: U.S.-Saudi ties through good times and bad

The U.S.-Saudi alliance has weathered many storms over the decades, but the relationship remains vital to both: Saudi Arabia is the world's biggest oil exporter and the United States' largest foreign military sales customer.

Reuters

Akshay Kumar responds to Pakistani man who says 'Bell Bottom' has 'things against Pak'

Akshay Kumar, who was at Saudi Arabia's Red Sea International Film Festival, reacted to a Pakistani man’s comment who said that ‘Bell Bottom’ has things against Pakistan.

The Times of India

Prayut hails B300bn EEC investment

Saudi Arabia will invest 300 billion baht in various industries, including tourism, energy and medical care, next year, according to a government spokesman.

Bangkok Post

House GOP announces investigation into reports of ‘secret’ Saudi oil production deal

WASHINGTON — House Republicans announced a probe into reports of a failed “secret deal to boost oil production” between Biden administration officials and Saudi Arabia, as the party prepares to take majority control of the chamber next year.

Tribune News Service

Saudi Exchange Launches Market-Making Framework

Saudi Arabia's stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency. Entities must be exchange members, derivatives exchange members or their clients to be market makers. "Market Makers have to ensure the availability of…

Asharq Al-Awsat

Saudi prince seeks Mideast leadership, independence with Xi's visit

Crown Prince Mohammed bin Salman hosts China's leader this week at a delicate moment in U.S.-Saudi ties, signalling Riyadh's resolve to navigate a polarised global order regardless of the wishes of its Western allies, analysts said.

Reuters

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Evening Standard

Odion Ighalo predicts next move for Cristiano Ronaldo after Manchester United exit

Former Manchester United striker Odion Ighalo wants Cristiano Ronaldo to join a Saudi Arabian club, as speculation over the Portuguese’s future ramps up a notch.

Chronicle Live

Newcastle United 'mini pre-season' starts in Riyadh with team spirit better than ever

The Magpies have a week in Saudi Arabia ahead of them with Eddie Howe knowing he could not ask for more in terms of team spirit

Al Jazeera

World Cup 2022 has a winner, say women football fans: safety

Female fans from Brazil to Colombia and Ethiopia to Saudi Arabia say they’re enjoying late-night games, safe and secure.

The Conversation

Half a million Ethiopian migrants have been deported from Saudi Arabia in 5 years - what they go through

Tens of thousands of migrant Ethiopian workers have been forcibly repatriated from Saudi Arabia each year since the early 2010s. Although this is carried out as part of a crackdown on illegal migrant workers, legally documented workers have frequently been caught in the dragnet. Another 102,000 Ethiopian citizens will soon…

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Asharq Al-Awsat

Saudi Arabia Launches Largest Forum to Promote Development Investment

The Aseer Investment Forum kicked off on Saturday in southern Saudi Arabia, to promote investments and highlight the opportunities available in this particular Saudi region, which the government seeks to turn into one of the prominent tourism destinations on the global map. The Public Investment Fund (PIF) had announced the…

Chronicle Live

Remarkable reality of Newcastle United's season as they head off to Saudi Arabia in great shape

The Magpies will fly to Riyadh in contention for a European place

The Times of India

A FIFA World Cup group stage like no other

The first World Cup hosted by an Arab nation has seen two weeks of heady drama. It has been a daily rollercoaster of shocks and head-spinning climaxes.

Asharq Al-Awsat

Lisbon, Riyadh to Promote Integrated Tourism Sector Partnership

Rita Marques, secretary of state for Tourism of Portugal, revealed that her country is eyeing the conclusion of an agreement with Saudi Arabia in the field of international air transport soon. Marques pointed out that her participation at the World Travel & Tourism Council (WTTC) Global Summit, which was recently…

Asharq Al-Awsat

Saudi Arabia Extends $3 Bln Deposit Term to Pakistan

Saudi Arabia on Friday extended the term of a $3 billion deposit it made to Pakistan’s foreign reserves, as directed by Saudi King Salman bin Abdulaziz and the Crown Prince. Saudi Arabia deposited the money in Pakistan's central bank late last year as a loan to shore up the cash-strapped…

The Times of India

Taj signs its 250th property; to open in Saudi’s Diriyah near Riyadh

NEW DELHI: Taj Hotels has signed its 250th property with that landmark unit going to open in Saudi Arabia’s Diriyah, near Riyadh. Taj parent Indian Hotels Company Ltd (IHCL) has the highest number of hotels in India. It now has five hotels in the Middle East, including two under development.

Asharq Al-Awsat

Saudi Arabia’s PIF Establishes Aseer Investment Company

The Saudi Public Investment Fund announced on Thursday the establishment of Aseer Investment Company (AIC) to operate as its investment arm in the Aseer region, south of Saudi Arabia. The new company will promote and stimulate local and foreign direct investment to develop and transform the region into a year-round…

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