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  • Saudi Cinema to Return in March 2018, Minister Al-Awwad Says
     

    Saudi Arabia’s Ministry of Culture and Information has confirmed that commercial cinemas will be allowed to operate in the Kingdom as of March 2018, according to a statement by Minister Awwad Al-Awwad. When the first cinema opens, it will be the first public cinema that has been permitted to operate in Saudi Arabia in 35 years. The return of […]

     
  • Second Missile in a Month Launched from Yemen Intercepted by Saudi Military
     

    For the second time in a month, the Saudi military has intercepted and destroyed a ballistic missile that was launched from Yemen on Thursday. The missile did not cause any casualties and was headed towards the Saudi city of Khamis Mushait on the Kingdom’s southwestern border, according to reports. Yemen’s Iran-backed armed Houthi rebels claimed responsibility for the […]

     
  • Crucial Test for Saudi Arabia, Russia on Oil Output at OPEC Meeting in Vienna
     

    OPEC and Russia are facing a “crucial test” on Thursday at a meeting in Vienna as Saudi Arabia and Russia seek to come to an agreement on oil output. Oil traders are expecting OPEC to announce a nine-month extension to supply caps that are currently due to finish at the end of March 2018, but such […]

     
  • Saudi-Led Coalition Faces Mounting International Criticism of Yemen Blockade
     

    Saudi Arabia is under growing international pressure from the U.N., U.S. Congress and global media outlets to unconditionally lift its blockade of Yemen, amid warnings of a serious deterioration to the already dire humanitarian situation in the war-torn country. In an unusual joint statement from the United Nations, the heads of the World Food Program, Unicef, and […]

     
  • Aramco Set to Invest $300 billion over 10 years in Oil and Gas Projects
     

    While speaking at the ADIPEC Energy Conference in Abu Dhabi, Aramco CEO, Amin Nasser, declared Saudi Aramco’s plans to invest $300 billion over 10 years in upstream oil and gas projects, Reuters reports. Preceding Nasser’s comments, Saudi Aramco announced on November 9 that it had signed eight agreements worth $4.5 billion with a number of […]

     
  • Fitch Ratings Affirms ‘A+’ Outlook for Saudi Arabia as Finance Ministry Pushes Back Date of Deficit Elimination
     

    Fitch Ratings on Thursday affirmed Saudi Arabia’s long-term foreign-currency Issuer Default Rating (IDR) at ‘A+’ with a stable outlook, saying the ratings are “supported by strong fiscal and external balance sheets, including exceptionally high international reserves, low government debt, significant government assets and strong commitment to an ambitious reform agenda.” The Fitch report said central […]

     
  • Despite Progress, WEF Ranks Saudi Poorly on Gender Gap Index
     

    Saudi Arabia was among the lowest-ranked countries on in the World Economic Forum’s Global Gender Gap index, despite recently issuing new rules on women driving and other progress in the Kingdom. Saudi Arabia placed 138th out of 144 countries. The Kingdom’s Vision 2030 economic and social reform plans call for greater participation and empowerment of women in Saudi […]

     
  • What We Know About Neom, Saudi Arabia’s New Planned Mega-City
     

    Saudi Arabia’s new massive planned city, Neom, is set to be the most ambitious undertaking of Saudi Arabia’s ambitious reform plans to-date. Here’s what we know about Neom so far. The new planned city is massive. At 10,000 square miles (26,500 square kilometers), the city extends across the borders of three countries, the first special […]

     
  • Reports: China Offers to Buy 5% of Aramco IPO
     

    Chinese state-owned oil companies PetroChina and Sinopec have written to Saudi Aramco in recent weeks to express an interest in a direct deal to purchase up to 5% of Saudi Aramco, according to an exclusive report in Reuters, in a move that would shelve the Company’s plans to list on international markets in favor of a direct […]

     
  • Saudi Arabia and Russia sign S-400 MOU, with Some Manufacturing in the Kingdom
     

    Saudi Arabia wants to produce a range of Russian military products, including parts for the S-400 air defense system, as part of agreements signed during King Salman’s visit to Russia this week. The agreement to produce military equipment covering the procurement of S-400 long-range air defense systems includes manufacturing part of the system in the Kingdom, […]

     

MUST-READS

  • Saudi Cyclists Continue to Win Medals at the Track Asia Cup 2024

    The Saudi cycling team has been performing exceptionally well at the Track Asia Cup 2024, currently taking place in Suphan Buri, Thailand. With over 160 athletes from 28 nations participating, the Saudi riders won two bronze medals today.

  • Saudi Arabia extends the tax amnesty scheme until 31 December 2024

    In March 2020, the Zakat, Tax and Customs Authority (ZATCA) released a tax amnesty program in the context of the COVID-19 pandemic, with the aim of mitigating its impact on taxpayers. This tax amnesty scheme exempted taxpayers complying with certain requirements from fines and penalties arising from late registrations, late payments and late filing of tax returns in relation to certain taxes.

  • EU Gulf Envoy: Saudi Arabia Is a Crucial Global Player

    Luigi Di Maio, the EU Special Representative for the Gulf region, told Asharq Al-Awsat that the recent visit by the President of the European Council to Saudi Arabia was to prepare for the upcoming EU-Gulf Cooperation Council (GCC) summit in Brussels on October 16. This will be the first summit between the two regional organizations, with leaders from both sides attending, marking a significant step in their cooperation. Di Maio stressed the importance of strong ties between leaders, noting that European Council President Charles Michel has been dedicated to strengthening these relations since his first visit to the Gulf two years ago, when he met with Saudi Crown Prince Mohammed bin Salman in Jeddah.

  • Saudi Arabia arrests 20,718 illegal residents in a week

    The Ministry of Interior announced the arrest of 20,718 illegal residents during inspection raids carried out by its officials in all regions of Saudi Arabia during last week. The arrests were made during the joint field security campaigns carried out by security forces and the concerned government agencies during the period between Aug. 22 and Aug. 28. The arrested persons included 13,248 violators of the Residency Law, 4688 violators of the Border Security Law, and 2,782 violators of the Labor Law.

  • Esports & Gaming to Contribute SAR 50 Billion to Saudi Economy by 2030

    The report, titled ‘Centre of the Game: KSA Emerges as a Significant Player in the Global Esports Market’, highlights the Kingdom's efforts to position itself as a hub for esports by developing an entire value chain to sustain the market. For example, Qiddiya, the entertainment and tourism megaproject in Riyadh, has unveiled plans to create the world’s first gaming and esports district.

  • Which transfer windows are still open after the Premier League deadline?

    Saudi Arabia emerged as an option for any Premier League club looking to shift players last summer. While clubs from the Gulf nation have been less active in the window this summer, there is still the potential for players from across Europe to move there, such as Moussa Diaby, who left Aston Villa to join Karim Benzema at Al Ittihad in the Saudi Pro League.

  • Saudi civil defense issues safety warnings as heavy rain sweeps the Kingdom

    The Saudi Ministry of Environment, Water and Agriculture reported significant rainfall in eight regions of Saudi Arabia, with the National Center for Meteorology registering the highest amount in the Madinah region at 37.4 millimeters. The rainfall occurred between 9 a.m. on Friday and 9 a.m. on Saturday, affecting areas including Makkah, Madinah, Qassim, Aseer, Tabuk, Jazan, Najran and Al-Baha. The airport in Madinah received 35.2 millimeters of rain, while 27.6 millimeters fell in Haram. In Makkah, Yalamlam and Al-Leith recorded 17.4 millimeters, with 8 millimeters in Al-Leith Dam.

  • Saudi merchandise imports down 5% to SAR 57.7B in June

    Saudi Arabia’s merchandise imports decreased 5% year-on-year (YoY) to almost SAR 57.7 billion in June 2024, according to data issued by the General Authority for Statistics (GASTAT).

  • Saudi Arabia’s GOSI extends fine exemption for businesses

    Launched by GOSI in March, the initiative aims to help establishments mitigate the financial impacts of fines, correct their insurance status, and settle debts, the Saudi Press Agency reported on Saturday. It is part of GOSI’s efforts to support the business sector, encourage insurance compliance, and improve customer satisfaction. With a 100 percent exemption rate, subscription amounts due to GOSI must be paid through Taminaty Business.

  • Saudi Arabia to Embark on Exceptional Visit to East Asia, Seeks Automotive Technology Localization

    Saudi Arabia is currently preparing for a high-profile economic visit to East Asia, under the leadership of Minister of Industry and Mineral Resources, Bandar AlKhorayef, from Sep. 1 to 8, 2024, reported the Saudi Press Agency (SPA).