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The Latest Breaking News from Saudi Arabia

Biden welcomes Yemen truce extension, notes Saudi Arabia's 'courageous leadership'

U.S. President Joe Biden welcomed the extension on Thursday of a U.N.-brokered truce between Yemen's warring parties, and said Saudi Arabia had demonstrated "courageous leadership" by endorsing and implementing its terms.

Reuters

Oil reverses losses as OPEC+ agrees on supply increase plan

Oil reversed losses to trade near $116 as OPEC+ ministers agreed to boost supply increases by around 50%, after prices dropped on reports U.S. President Joe Biden is likely to visit Saudi Arabia this month and that the kingdom is ready to pump more crude.

Tribune News Service

Opec+ agrees on bigger oil-production hikes

Opec+ will increase the size of its oil-supply hikes by about 50%, bowing to months of pressure from major consumers including the United States to help ease the pain of high energy prices.

Bangkok Post

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Biden Visit Might Push For Saudi Arabia And OPEC To Make Up For Russian Oil Loss

Saudi Arabia and other OPEC members may increase oil supply to compensate for a reduction in Russian output, which may relieve pressure on growing global inflation and pave the way for US President Joe Biden's historic visit to Riyadh,

Benzinga

Rights groups allege French arms makers complicit in Yemen war crimes

Three non-governmenatal organisations (NGOs) said on Thursday they had filed a lawsuit at a Paris court against three top French arms' producers for alleged war crimes complicity in Yemen after selling weapons to Saudi Arabia and the UAE.

Reuters

'Are you rich?' Inequality Observatory sets French wealth threshold

Like the poverty threshold, France's Inequality Observatory has published a report defining who is considered financially wealthy in the country. But first, we see how Saudi Arabia could step in to boost global oil production. Also, we take a look at Sheryl Sandberg's legacy following her decision to step down…

France 24

Rome Pushes for Opening HQs of Italian Companies in Saudi Arabia

Italian MP Elena Morelli, who chairs the Italian-Saudi Parliamentary Friendship Committee, has discussed ways to open headquarters for Italian companies in Saudi Arabia. Morelli called for motivating Italian companies by simplifying and standardizing procedures, noting the availability of great cooperation opportunities between Riyadh and Rome in the renewable energy sectors,…

Asharq Al-Awsat

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Adeer Company Sells Kunoz Al-Dhahran Land at More than SAR700 Mln

Saudi Arabia’s Adeer Real Estate Company announced selling Kunoz al-Dhahran land in a record time for SAR724,148,976 during the public auction it organized at the Grand Hayat Hotel in Khobar on Monday, to be added to its successful auctions this year. CEO of Adeer Mutab Al Saad expressed joy with…

Asharq Al-Awsat

Saudi Arabia Waives Fines, Penalties for Taxpayers to Mitigate Pandemic’s Financial Impact

The Saudi Zakat, Tax and Customs Authority (ZATCA) announced the re-launch of an initiative to waive fines and exempt taxpayers from penalties for six months from June 1, 2022. The initiative aims to mitigate the economic fallout of the coronavirus pandemic. Fines for the delay in registration, default payment and…

Asharq Al-Awsat

As gas prices soar, Joe Biden likely to visit Saudi Arabia

WASHINGTON: President Joe Biden is likely to visit Saudi Arabia later this month as part of an international trip for Nato and Group of Seven meetings, according to people familiar with the matter, with record high US gas prices weighing on his party's political prospects.

The Times of India

Biden likely to visit Saudi Arabia as US gasoline prices spiral, sources say

WASHINGTON — President Joe Biden is likely to visit Saudi Arabia later this month as part of an international trip for NATO and Group of Seven meetings, according to people familiar with the matter, with record high U.S. gas prices weighing on his party’s political prospects.

Tribune News Service

Biden planning Gulf visit, could meet crown prince - sources

U.S. officials are planning a trip for President Joe Biden to the Middle East later this month to meet Gulf allies, which could put him in the same room with Saudi Crown Prince Mohammed bin Salman, sources said on Wednesday.

Reuters

As gas prices soar, Biden leans toward visiting Saudi Arabia

President Joe Biden is leaning towards making a visit to Saudi Arabia — a trip that would likely bring him face-to-face with the Saudi crown prince he once shunned as a killer

The Independent UK

U.S. lawmakers relaunch effort to stop U.S. support for Saudi Yemen campaign

Nearly 50 members of the U.S. House of Representatives introduced a resolution on Wednesday seeking to end any U.S. involvement in Saudi Arabia's air campaign in Yemen, with plans to introduce a similar measure in the Senate.

Reuters

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WEKU

A rare visit by Pakistanis to Israel has caused furor in Islamabad

Pakistan doesn't recognize Israel. After a delegation visited Israel and even met with its president, Pakistani senators were outraged and one visitor got fired.

Daily Mirror

Oleksandr Usyk vs Anthony Joshua rematch to take place in 40k-seat arena in Saudi Arabia

The world heavyweight title rematch between Joshua and Usyk is being tipped to take place at the Jeddah Super Dome, and could still happen as soon as July 23

The Guardian - UK

McIlroy dismisses Saudi Arabia-backed opener as not a ‘proper tournament’

Rory McIlroy has taken a swipe at the first LIV event, while one sponsor has dropped two participants, Dustin Johnson and Graeme McDowell

The Guardian - UK

Oil prices rise as Opec prepares to set new output targets

Thursday’s meeting of oil-producing nations will be first since EU imposed sanctions on Russian crude

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USA Today Sports Media Group

Rory McIlroy reacts to list of names headed to first Saudi Arabia-backed LIV Golf event; PGA Tour reminds players they ‘have not been authorized to participate’

Rory McIlroy is not going to play in the inaugural LIV Golf event but he doesn’t begrudge anyone who is.

USA Today Sports Media Group

Golf equipment makers are silent so far on future of sponsorship deals with PGA Tour players who intend to play first LIV Golf event

It remains unclear if equipment makers will continue to support players headed to the new Saudi Arabia-backed tour.

Asharq Al-Awsat

Saudi Arabia Bolsters Digital Infrastructure with New Communications, IT Law

Keeping pace with Saudi Arabia’s new direction towards innovation and the digital economy, the Saudi Cabinet, chaired by King Salman bin Abdulaziz Al Saud, approved on Tuesday, the Communications and Information Technology (IT) law. The new law is meant to reinforce the Kingdom’s digital infrastructure. Communications and Information Technology Minister…

The Times of India

Saudi Arabia is planning the largest buildings ever constructed

RIYADH: Saudi Arabia is planning the world’s largest buildings in a mostly unpopulated part of the country as part of an entirely new $500 billion development called Neom, according to people familiar with the matter.

Asharq Al-Awsat

Saudi Govt Reviews Kingdom's Local, Int'l Achievements in Climate, Economy, Tech

The Saudi government reviewed on Tuesday the participation of the Kingdom at the recent World Economic Forum in Davos. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Jeddah. The cabinet also reviewed Saudi Arabia's participation at the World Health Organization…

Daily Mirror

Anthony Joshua's world title rematch with Oleksandr Usyk faces another delay

Usyk and Joshua are set to finally rematch for the unified heavyweight world titles in Saudi Arabia on July 23, but they could face a further two week delay as a result of contractual stumbles

Asharq Al-Awsat

Saudi Shura Council Approves Draft Civil Transactions System

Saudi Arabia’s Shura Council approved the draft civil transactions system which “will be comprehensive and organize all civil matters of life,” Council member Wasel Al-Mathen told Asharq Al-Awsat. He pointed out that the most important thing in the system is to provide a legal environment for citizens and residents in…

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