FORGOTTEN HISTORY: 25 - The Untold Story

Saudi King, Crown Prince Congratulate Kuwaiti Emir on National Day

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has sent a cable of congratulation to the Emir of Kuwait, Sheikh Nawaf Al-Ahmed Al-Jaber Al-Sabah, on the anniversary of his country's National Day. In his cable, King Salman expressed his sincerest congratulation to the Emir, and wished…

Asharq Al-Awsat · Feb 26, 2023

Yemeni Officials, Public Optimistic About $1 Billion Saudi Deposit

Yemeni officials and the public hailed the new Saudi deposit agreement with the Central Bank of Yemen in Aden for $1 billion, indicating that it would improve the local currency rate, support primary food imports, and enable the government to implement economic reforms. The deposit directly impacted the exchange rate,…

Asharq Al-Awsat · Feb 23, 2023

Saudi Arabia Deposits $1 Billion into Yemen’s Central Bank

Saudi Arabia deposited $1 billion into the central bank of Yemen’s legitimate government Tuesday in a bid to bolster the country’s economy, state media said. The move was in implementation of directives of Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Prince Mohammed bin Salman, Crown Prince…

Asharq Al-Awsat · Feb 22, 2023

Saudi Arabia Expands its Economic Capabilities to Space

Saudi Arabia’s recent announcement that it was sending two Saudi astronauts to the International Space Station (ISS) has kicked off talks about the Kingdom’s serious endeavor to benefit from the space economy as a giant sector, where global visions of sustainability and technology intersect. The astronauts will make their trip…

Asharq Al-Awsat · Feb 19, 2023

Saudi wealth fund becomes biggest outside Nintendo investor

A Saudi sovereign wealth fund now holds 8.26% of the stock in the video game maker Nintendo, making it the largest outside investor in the Japanese gaming company

The Independent UK · Feb 17, 2023

From oil to coffee: A prince's campaign to rebrand Saudi identity

RIYADH, Saudi Arabia — As diplomatic victories go, it may not seem like much: The United Nations recognized the Khawlani coffee bean as part of the "intangible cultural heritage" of Saudi Arabia.

Los Angeles Times · Feb 16, 2023

Saudi Arabia aims for huge new downtown in Riyadh by 2030

Saudi Crown Prince Mohammed bin Salman on Thursday launched a company to carry out a hugely ambitious development in downtown Riyadh, as part of the leading oil exporter's plans to make its capital a global metropolis and diversify the economy.

Reuters · Feb 16, 2023

Saudi Arabia Selected as Club World Cup 2023 Host

Saudi Arabia has been selected to host the 2023 Club World Cup in December, FIFA announced on Tuesday. The FIFA Council unanimously voted for the Saudi Arabian Football Federation to stage the event, which includes the six continental champions plus the host's national champions. The tournament will take place from…

Asharq Al-Awsat · Feb 15, 2023

Saudi Govt Stresses Kingdom’s Support to Earthquake Victims

The Saudi government stressed on Tuesday its solidarity and support to the victims of the devastating earthquake that struck Syria and Türkiye last week. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The government stressed that it stands by…

Asharq Al-Awsat · Feb 14, 2023

Saudi Arabia Allocates 100 Mln Sqm of Land to Reduce Real Estate Prices

Saudi Minister of Municipal, Rural Affairs and Housing Majed Al Hogail said that Crown Prince Mohammed bin Salman ordered allocating the residential sector with 100 million square meters (sqm) of land in Riyadh and other cities, where land and real estate prices are rising. Al Hogail revealed that about 1.5…

Asharq Al-Awsat · Feb 14, 2023