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The Latest Breaking News from Saudi Arabia

Saudi Arabia Seeks to Open New Markets to Confront Global Supply Chain Crisis

The Council of Saudi Chambers (CSC) is seeking to open new markets to achieve food security for essential commodities amid the global supply chain crisis. The food supply chain crisis led to an increase in the prices of many food commodities and raw materials, and its impact included the oil…

Asharq Al-Awsat

Law on Real Estate Ownership and Investment by Non-Saudis Amended to Boost Competitiveness

Saudi Arabia amended the Law on Real Estate Ownership and Investment by non-Saudis to increase and improve the efficiency and effectiveness of the procedures and controls related to the ownership or use of real estate by foreigners, who enjoy natural and legal capacity in cities and economic zones in the…

Asharq Al-Awsat

Saudi Arabia Develops Legislations for Land, Sea, Rail Transport in the Red Sea

Saudi Arabia's Public Transport Authority (TGA) has signed a memorandum of understanding with the Red Sea Development Company (TRSDC) to develop the region's legislative and regulatory environment for land, sea, and rail transport. TGC Chairman Rumaih al-Rumaih said Monday that they were looking forward to developing the transport sectors in…

Asharq Al-Awsat

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Gerard Pique company pocketed £20m for role in taking Spanish tournament to Saudi Arabia

The Barcelona defender's business interests are well-known but new documents and audio files allege to highlight his involvement in bringing the Spanish Supercopa to Saudi Arabia

Daily Mirror

Lewis Hamilton 'spoiled' after driving perfect cars as Mercedes star struggles

Lewis Hamilton's bid to win a record-breaking eighth F1 title has got off to a difficult start in 2022, with Mercedes off the pace in races in Bahrain, Saudi Arabia and Australia

Daily Mirror

Egypt’s Trade Ministry Denies Setting Limits to Imports from Saudi Companies

Egypt’s Trade and Industry Ministry denied reports that it had introduced restrictions aimed at limiting imports from Saudi companies. “The economic and trade relations between Egypt and Saudi Arabia are witnessing a remarkable development, given the brotherly and friendly relations that bind their leaderships, governments and peoples,” said a ministry…

Asharq Al-Awsat

Mitsubishi to Transfer Hydrogen Technology, Ammonia, High-Efficiency Equipment to Saudi Arabia

Koichi Nakagawa, Research Director and Chief Consultant at the Mitsubishi Research Institute (MRI) Middle East, revealed that Mitsubishi is planning to launch a number of understandings in Riyadh to strengthen partnerships with Saudi government agencies in the field of research and consultancy. These understandings would help transfer knowledge and technologies…

Asharq Al-Awsat

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Cairo for a Future Strategy with OFID

Egyptian Minister for International Cooperation Rania al-Mashat has confirmed that Arab financial institutions led by Saudi Arabia have provided $9 billion for the advancement of Sinai, noting that the Kuwait Fund supports technical studies of the railway link project between Egypt and Sudan through a grant of $2.5 million. Al-Mashat…

Asharq Al-Awsat

Saudi Arabia Condemns Desecration of Quran, Incitement against Muslims

Saudi Arabia condemned on Monday the desecration of the holy Quran by extremists in Sweden and their incitement against Muslims. The Foreign Ministry stressed the Kingdom's keenness on promoting dialogue, tolerance and coexistence and shunning hatred and extremism. It also stands against offenses to all religions.

Asharq Al-Awsat

Over 1.8 Billion Riyals in Donations Made to Saudi Arabia's Ehsan

Over 1.8 billion riyals in donations have been received by Saudi Arabia's National Campaign for Charitable Work (Ehsan) in the nine days since its launch, reported the Saudi Press Agency on Sunday. A total of 1,841,137,724 billion riyals have been donated so far through 24 million transactions that will benefit…

Asharq Al-Awsat

Bohannan: Greg Norman, Saudi Arabia-backed golf tour still stirring up issues despite big players saying no

The rumor mill still has Lee Westwood and Ian Poulter involved with the LIV.

USA Today Sports Media Group

Saudi Crown Prince, Pakistan PM Hold Phone Call

Saudi Crown Prince Mohammed bin Salman held a phone call with Pakistani Prime Minister Shahbaz Sharif on Saturday. During the call, the Crown Prince congratulated Sharif on his assumption of the premiership post. They also discussed the bilateral ties between both countries and agreed on strengthening them. For his part,…

Asharq Al-Awsat

'We are on our way to death': In Saudi Arabia, four Uighurs risk extradition to China

Several NGOs have accused Saudi Arabia of having arbitrarily arrested four Uighurs and of trying to extradite them to China, where their fate is extremely uncertain. The detainees include two men who had travelled to the country to make a pilgrimage to Mecca in November 2020, as well as a…

France 24

Elon Musk faces off with Saudi Prince Talal over Twitter sale

The Tesla owner has questioned Saudi Arabia’s role at the tech company after prince ‘rejects’ proposed purchase.

Al Jazeera

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Asharq Al-Awsat

Saudi Crown Prince, China's Xi Agree on Bolstering Partnership

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, held telephone talks on Friday with China's President Xi Jinping. Discussions focused on bilateral cooperation between their countries and ways to develop them through the joint Saudi-Chinese council. They agreed to exert more efforts to bolster the…

Asharq Al-Awsat

Fitch Affirms Saudi Arabia’s Rating at A, Revises Outlook to ‘Positive’

Fitch Ratings revised on Thursday the outlook for Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from “stable” to “positive”, while affirming the rating at "A". The Kingdom's rating reflects improvements in the sovereign balance sheet due to higher oil revenues and commitment to fiscal consolidation. The global ratings agency…

Asharq Al-Awsat

Grundberg Sees Yemen Truce as 'Rare Opportunity' for Peace

United Nations Special Envoy for Yemen, Hans Grundberg stressed on Thursday that the two-month truce in the country provides a "rare opportunity" for peace. In a briefing to the UN Security Council, he hailed the recent steps taken by Saudi Arabia and the Gulf countries to support the mediation efforts…

Tribune News Service

Billionaire Prince Alwaleed rejects Elon Musk’s Twitter bid

Saudi Arabia’s Prince Alwaleed bin Talal rejected Elon Musk’s bid to acquire Twitter Inc. for $54.20 per share, saying the deal doesn’t “come close to the intrinsic value” of the popular social media platform.

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Axios

Israel hopes U.S. will mend ties with Saudi Arabia, ambassador says

Israel views Saudi Arabia as crucial to countering Iran and growing the Abraham Accords.

Asharq Al-Awsat

Riyadh Chamber Signs Cooperation Agreement with China Foreign Trade Center

The Riyadh Chamber signed on Thursday an agreement with the China Foreign Trade Center (Canton Fair) to enhance and expand commercial, industrial and investment relations by encouraging cooperation among businesspeople. Vice Chairman of Riyadh Chamber Naif bin Abdullah Al-Rajhi and Deputy Director General of China Foreign Trade Center and Spokesperson…

Asharq Al-Awsat

Arab Parliament Commends Saudi Support for Yemeni Economy

Arab Parliament Speaker Adel bin Abdulrahman Al-Assoumi has commended Saudi Arabia's announcement of $3 billion in financial aid to help the Yemeni economy. In a statement issued Thursday, Al-Assoumi appreciated the efforts of the Kingdom and the United Arab Emirates, their constructive initiatives and persistent endeavors in Yemen to reach…

Asharq Al-Awsat

Saudi Arabia Amends Import Licenses for Fruits, Vegetables

Saudi Arabia has amended its import licensing guide by adding fresh fruits and vegetables so that the Ministry of Environment, Water, and Agriculture will be the competent authority to issue these licenses, Asharq Al-Awsat learned. Minister of Commerce Majid al-Qasabi issued a ministerial decision to add fresh fruits and vegetables…

Asharq Al-Awsat

US Forms Multinational Naval Force to Confront Houthi Attacks, Smuggling

A US Navy official announced the formation of a new multinational naval task force to respond to Houthi attacks on regional countries, target arms smuggling, and people and drugs trafficking. The initiative comes amid strained relations between some Gulf countries and the United States against Iran, which Washington and the…

The Independent UK

House Democrats ask Biden to get tougher with Saudi Arabia

Three dozen House Democrats say Saudi Arabia is being a bad strategic partner

Asharq Al-Awsat

Saudi Arabia, Kuwait Stress Their Right to Exploit Durra Field

Saudi Arabia and Kuwait stressed on Wednesday their right to exploit the natural resources in the Durra field. They invited Iran to negotiations over the delineation of the eastern border of the Submerged Divided Zone. The Saudi Foreign Ministry tweeted that the Kingdom and Kuwait had signed a Memorandum of…

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