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SPA JEDDAH, March 27, 2026 (Saudi Arabia Breaking News) – The Saudi and Ukrainian defence ministries signed a memorandum of arrangements linked to defence procurement in Jeddah on Friday. The agreement was signed on behalf of Saudi Arabia’s Ministry of Defense by Assistant Minister of Defense for Executive Affairs Khalid bin Hussein Al-Biyari. On the Ukrainian side, the memorandum was signed by Chief of the General Staff of the Armed Forces of Ukraine Andriy Hnatov.

RIYADH, March 26, 2026 (Saudi Arabia Breaking News) – Saudi Arabia’s central bank on Thursday licensed two companies to provide payment services and offer account information services as part of the Kingdom’s open banking push. The Saudi Central Bank, known as SAMA, granted the licences to New Technology for Software Solutions and Lean Technologies Saudi Arabia for Information Systems Technology. The approvals came after the two companies completed the trial period within the

Riyadh, March 26, 2026 (Saudi Arabia Breaking News) –Saudi Arabia’s reserve assets posted steady annual and quarterly growth at the end of 2025, with foreign securities and overseas deposits continuing to account for the largest share of the central bank’s holdings. Saudi Arabia’s central bank reserve assets rose to around SAR 1.73 trillion at the end of 2025, marking a 5.3% increase from a year earlier, according to December data from the Saudi Central Bank’s monthly statis

A technician works at an Amazon Web Services AI data center in New Carlisle, Indiana, U.S., October 2, 2025. REUTERS/Noah Berger for AWS DUBAI, March 24 (Saudi Arabia Breaking News) – Amazon said its Amazon Web Services region in Bahrain had been disrupted following drone activity in the area, marking the second time in a month that the war has affected the company’s operations in the region. The company said it was helping customers move workloads to other AWS regions while

A view of logos on the last day of the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2026. REUTERS/Denis Balibouse RIYADH, March 24 (Saudi Arabia Breaking News) – The World Economic Forum has rescheduled its international meeting on cooperation and growth, which had been due to take place in Jeddah on April 22 and 23, following coordination with Saudi Arabia’s Ministry of Economy and Planning, SPA reported on Tuesday. The ministry indicated

A Boeing 777-300ER passenger aircraft operated by Air France, takes off from Charles de Gaulle airport, in Roissy-en-France, near Paris, France, March 20, 2026. REUTERS/Benoit Tessier RIYADH, March 23 (Saudi Arabia Breaking News) - Air France said on Monday it had extended the suspension of flights to and from Riyadh and Dubai until March 31, and to and from Tel Aviv and Beirut until April 4. The airline said the decision was due to the security situation at the destinations

Riyadh, March 21 (Saudi Arabia Breaking News) – Disruption in the Strait of Hormuz is raising food supply risks across the Gulf region, threatening a waterway that serves as a critical route not only for global energy flows but also for imports relied on by more than 100 million people. Oil and liquefied natural gas tankers moving through the strait carry around 20% of the world’s supply, but for Gulf states the passage is also a key route for food shipments and other essenti

A file photo shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, on February 6, 2017. Karim Jaafar/AFP/Getty Images DOHA, March 20 (Saudi Arabia Breaking News) — Iranian missile strikes have cut Qatar’s liquefied natural gas export capacity by 17%, state-owned QatarEnergy said on Thursday, warning that damage to its facilities would disrupt supplies to Europe and Asia and could take up to five years to repair

A Ferrari technician walks past supercars inside the company's factory in Maranello, Italy, October 2, 2025. REUTERS/Remo Casilli RIYADH, March 19 (Saudi Arabia Breaking News) - Italian luxury sports car maker Ferrari said on Thursday it had temporarily suspended deliveries in the Middle East as war continued in the region. “We are closely monitoring the developments in the Middle East and the potential implications for our business,” the company said in a statement. “At this

The authority urged eligible entities to file their returns through its official website or via its mobile application, as part of compliance requirements for VAT-registered businesses in the Kingdom. ZATCA warned that late submissions would incur penalties ranging from a minimum of 5% to a maximum of 25% of the unpaid tax amount due. It also encouraged taxpayers seeking further guidance on VAT obligations to contact its unified call center, available 24 hours a day, or acces

Citi Bank logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic DUBAI, March 16, 2026 (Saudi Arabia Breaking News) – Citigroup said on Monday it will keep most of its branches and offices in the United Arab Emirates closed until further notice after temporarily shutting them last week amid the ongoing regional conflict. The bank said client-facing operations in the UAE remain suspended while services continue through digital channels. Citigroup directed

SPA RIYADH, March 16, 2026 (Saudi Arabia Breaking News) – Gold jewelry remains one of the most popular Eid Al-Fitr gifts in Saudi Arabia’s Eastern Province, where many residents traditionally present gold ornaments to female family members in appreciation of their efforts during the holy month of Ramadan, the Saudi Press Agency reported. Residents often give gold gifts to mothers, wives, daughters and sisters to acknowledge the work involved in preparing daily iftar and suhoo

UK energy secretary Ed Miliband arrives for a Cabinet meeting in Downing Street, London on February 3, 2026. Lucy North/AP Riyadh, March 15, 2026 (SABN) - British energy secretary Ed Miliband said on Sunday that the United Kingdom was exploring “any options” to help secure the Strait of Hormuz and reopen the vital shipping route. “It’s a priority for the world that the strait is reopened. Obviously the best and simplest way to do that is to de-escalate the conflict,” Miliband

Riyadh, March 15, 2026 (SABN) - Aluminium Bahrain, known as Alba, said on Sunday it had begun shutting down three aluminium smelting lines representing 19% of its capacity to preserve business continuity amid ongoing disruption in the Strait of Hormuz. The move marks the latest impact on the Middle East aluminium sector, which accounts for about 9% of global supply, from the U.S.-Israeli war on Iran. Alba, which has aluminium smelting capacity of 1.62 million tonnes per year,

QNA Doha, March 13 (Saudi Arabia Breaking News) — Qatar’s strategic food reserves are sufficient to cover national needs for 18 months, Interior Minister Sheikh Khalifa bin Hamad Al Thani said, according to QNA. The minister added that the current situation has not required the use of the reserves, while additional supply lines have been opened to maintain the stability of food supplies. Qatar also holds strategic water reserves sufficient for about four months of consumption

Riyadh, March 13 (Saudi Arabia Breaking News) — Iran has allowed two Indian-flagged liquefied petroleum gas (LPG) carriers to sail through the Strait of Hormuz, according to four sources with direct knowledge of the matter. The transit of the vessels could help ease India’s cooking gas supply pressures, the sources said. Separately, a crude oil tanker carrying Saudi Arabian oil is expected to arrive in India on Saturday after sailing through the strait around March 1, accordi

Riyadh, March 12 (Saudi Arabia Breaking News) — Bloomberg has told employees based in the Gulf, including staff at its regional headquarters in Dubai, that they may temporarily relocate and work from outside the region, a company spokesperson said on Thursday, as Iran carries out repeated attacks on cities across the Gulf. The spokesperson confirmed that employees in the region have been given the option to work temporarily from outside the Gulf if they choose to do so. Most

SPA Riyadh, March 11, 2026 (Saudi Arabia Breaking News) — The King Salman Park Foundation announced the awarding of its fourth investment package to a consortium led by Retal Urban Development Company during the MIPIM 2026 in Cannes. The project, valued at more than SAR3.2 billion ($850 million), will focus on a mixed-use residential development within the cultural district of King Salman Park and will be supported by an investment fund managed by SAB Invest. The development

Riyadh, March 11, 2026 (Saudi Arabia Breaking News) — Iranian state media reported Wednesday that offices and infrastructure of major U.S. technology companies operating in the Middle East could be considered potential targets. The list was published by the state-affiliated Tasnim News Agency under the title “Iran’s new targets.” According to the report, the list includes regional offices and technology infrastructure such as cloud, data and development centers linked to majo

PHOTO: An aerial view of the Iranian shores and the island of Qeshm in the Strait of Hormuz, December 10, 2023. REUTERS Riyadh, March 10, 2026 (Saudi Arabia Breaking News) — The Strait of Hormuz is one of the world’s most critical maritime chokepoints for global energy supplies, linking the Gulf with the Gulf of Oman and the Arabian Sea. The strait lies between Iran and Oman and measures about 21 miles (33 km) at its narrowest point, with shipping lanes just 2 miles (3 km) wi