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The Latest Breaking News from Saudi Arabia

Saudi Aramco, the world’s biggest oil company, eyes London for $50 billion IPO

Saudi Arabia has restarted plans to list more shares of Aramco, according to people familiar with the company's strategy, with an ambition to sell as much as a $50 billion stake, which at current valuations would be 2.5% of the company.

Evening Standard

Technology, Investments Boost Saudi Arabia's Shift to Digital Economy

LEAP 2022, the global technology platform, uncovered Saudi Arabia's readiness to address technical solutions and requirements that can address future challenges amid the development of the sector in the Kingdom. Several international companies asserted to Asharq Al-Awsat the importance of the conference, which revealed the future technologies, stressing that Saudi…

Asharq Al-Awsat

US State Dept backs latest raft of Saudi, UAE, Jordan arms sales

The possible deals include F-16 fighter jets for Jordan and upgrades to UAE and Saudi Arabia’s air defence systems.

Al Jazeera

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Denmark finds members of Iranian opposition group guilty of spying for Saudi Arabia

A Danish district court on Friday found three members of an Iranian Arab opposition group guilty of financing and supporting terrorist activity in Iran in collaboration with Saudi Arabian intelligence services as well as espionage, local news wire Ritzau reported.

Reuters

Washington: Houthi Attacks Main Obstacle to Peace Efforts

The United States underscored its support to its partners in the Arab Gulf, especially Saudi Arabia and the United Arab Emirates, in confronting attacks by the Iran-backed Houthi militias in Yemen.

Asharq Al-Awsat

Phil Mickelson's comments in Saudi Arabia could give clues to the future of professional golf

Saudi Arabia's bid to become a major player in golf is gathering speed, and recent comments from players such as Phil Mickelson have only increased speculation. It's been a big week for the game's biggest issue.

ABC News

Winter Olympics 2022: 10 things to look out for in Beijing

Jamaica return to the bobsleigh after 24 years, Haiti and Saudi Arabia make debuts, while GB aim for curling glory

The Guardian - UK

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Phil Mickelson considering other playing opportunities due to PGA Tour’s ‘obnoxious greed’

"If the tour wanted to end any threat, they could just hand back the media rights to the players."

USA Today Sports Media Group

Bryson DeChambeau denies being offered $135 million to join Saudi Arabia-backed Super Golf League

The report also alleged the breakaway league is prepared to spend more than $2 billion on players.

USA Today Sports Media Group

‘Greedy’: Brooks Koepka takes swipe at Phil Mickelson over Saudi-backed golf league

Golf faces a huge battle for its future amid Saudi Arabia’s $300m dollar investment in the Asia Tour

The Independent UK

King Abdullah II: Saudi Arabia’s Security is an Integral Part of Jordan, Region's Safety

Jordan’s King Abdullah II said the security of Saudi Arabia was an integral part of that of Jordan and the region, reiterating his condemnation of the Houthi attacks on the Kingdom. He also emphasized the consolidated brotherly ties that unite his country with Saudi Arabia and his keenness to enhance…

Asharq Al-Awsat

Schneider Electric Says to Put Spotlight on Digital Transformation at Riyadh Conference

Schneider Electric has announced its participation in the inaugural LEAP conference, taking place at the Riyadh Front Expo Center. The company will highlight the integral role that digital transformation and green technologies will play in achieving Saudi Arabia’s Vision 2030. During the event, Schneider Electric’s Executive Vice President of International…

Asharq Al-Awsat

Patrick Cantlay chose Pebble Beach this week, but remains curious observer of potential Saudi Arabia-backed rival league

“I think with the amount of money they're talking about it's always very tempting. I think it's tempting for everybody."

USA Today Sports Media Group

Saudi Skier Set to Make History at Beijing Games

Alpine skier Fayik Abdi said he is hoping to spread awareness of winter sports in Saudi Arabia as he aims to become the first athlete to represent the country at the Winter Olympics in Beijing this month. Abdi will compete in the giant slalom, which has attracted competitors from countries…

Asharq Al-Awsat

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USA Today Sports Media Group

From Saudi Arabia, Phil Mickelson talks about ‘leverage’ and what he really wants in order to stay with the PGA Tour

Does Lefty have a direct offer to play in the Super League? "I think every player has been contacted."

Reuters

Israel participates in huge U.S. Mideast naval exercise alongside Saudi, Oman

Israel is taking part in a huge U.S.-led naval exercise in the Middle East, for the first time publicly joining Saudi Arabia and Oman, two counties it has no diplomatic relations with despite its normalisation of ties with some Gulf states.

Asharq Al-Awsat

Education For Employment (EFE), Citi Foundation Link Saudi Youth to Jobs

In continued support to Saudi Vision 2030’s mission of empowering youth with opportunities, the Citi Foundation and Education For Employment (EFE) in Saudi Arabia partnered together for the third year to continue the momentum in creating economic opportunities for unemployed Saudi youth in 2021.

Asharq Al-Awsat

‘Free Trade’ to Enhance Growth of Gulf-South Korean Transactions, Investments

Experts are forecasting that the free trade agreement recently signed between the Gulf Cooperation Council (GCC) and South Korea will find its way into force within 6 months. The agreement is set to boost the role of Gulf chambers and federations, especially the ones in Saudi Arabia, in increasing trade…

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Asharq Al-Awsat

Saudi Aramco Buys 7.4% Stake in Norwegian Software Firm Cognite

Saudi Aramco has bought a 7.4% stake in Norwegian industrial software group Cognite from oil firm Aker BP, Cognite said on Wednesday. The price for the stake was "around 1 billion Norwegian crowns," or about $113 million, an Aker BP spokesperson told Reuters, valuing Cognite at just over $1.5 billion.…

ABC News

The Socceroos' World Cup hopes are on a knife-edge after yet another qualifier draw. So what happens next?

After their 2-2 draw with Oman overnight, the Socceroos' path to the 2022 World Cup has now become do-or-die. Here's what happens next.

Daily Mirror

Ian Poulter 'offered £22m to ditch Ryder Cup' and join breakaway Saudi Arabia tour

Concerns over the Saudi-backed super league continue to grow in the world of golf, as the circuit looks to lure in some of golf’s biggest names.

ABC News

Socceroos draw 2-2 against Oman, hurting World Cup qualification hopes

The Socceroos are unlikely to secure automatic qualification to the World Cup after Oman secures a draw with a late penalty.

Asharq Al-Awsat

Saudi Arabia Supports UN Envoy's Efforts to Reach Comprehensive Political Solution in Yemen

The Saudi government stressed on Tuesday its support to the efforts of United Nations envoy to Yemen, Hans Grundberg, in reaching a comprehensive political solution to the crisis in the country. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in person…

Asharq Al-Awsat

Saudi Arabia Announces $6.4 Billion Investments in Future Tech

Saudi Arabia has launched investments worth $6.4 billion in future technologies, the Saudi minister of communication and information technology said on Tuesday, as the Kingdom races to diversify its economy from oil. The investments announced on Tuesday include a $2 billion joint venture between eWTP Arabia Capital, a fund backed…

The Guardian - UK

Saudi Arabia’s disruption plan spells trouble for golf’s main tours

The Saudi-backed 10-event international series will change the game if stars from the PGA and DP World Tours take part

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