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Erdoğan to Asharq Al-Awsat: Our Ties with Saudi Arabia Are Strategic for Regional Peace, Stability, Prosperity Turkish President Recep Tayyip Erdoğan stressed on Tuesday that his country was prepared to mediate between Iran and the United States to ease tensions between them, warning against any step that may spark war in the region. Erdoğan arrived in Riyadh on an official visit on Tuesday. In an interview to Asharq Al-Awsat, he said relations between Riyadh and Ankara have strategic importance for peace, stability and prosperity in the region. He revealed that his visit aims to expand to bilateral consultations on regional…

JAKARTA – Abdullah Saleh Kamel, President of the Islamic Chamber of Commerce and Industry and President of the Federation of Saudi Chambers of Commerce and Industry, has warned that the modern global economy faces a serious structural ethical crisis, calling for a new economic model that puts values ​​at the center of decision-making.Speaking at the opening session of the 2026 Indonesia Economic Summit, Kamel said the world is at a critical economic and moral crossroads, with accelerating geopolitical and economic changes exposing growing cracks in the world system at the expense of societies and individuals.He said the current global economic…

Under the patronage of Prince Abdulaziz bin Saud bin Nayef bin Abdulaziz, Minister of Interior, Major General Sahel bin Mohamed Alharbi, Commander of the Special Forces for Environmental Security, opened the Jaboulet Center and Al Hadda Center within the Royal Reserve of Imam Turki bin Abdullah.The Commander of the Special Forces for Environmental Security confirmed that the forces receive support from wise leadership and all security sectors to carry out their tasks to achieve safety and security of national capacity, pointing out that the opening of the two centers and the security equipment they contain, modern technical systems, monitoring and…

According to data from the Saudi Arabian Central Bank (SAMA), investments in government bonds by Saudi banks increased to SR653.3 billion during 2025, an increase of SR61.4 billion (10%) compared to 2024.According to the data, banks’ investments in government bonds accounted for about 72% of total debt from the government and semi-government sector during the same period.Banks’ total debt from the public sector amounted to approximately 909.9 billion riyals at the end of last year, compared to 795 billion riyals at the end of 2024.international methodologyAccording to the Saudi Arabian Central Bank, government bonds include internationally issued government bonds and…

AD Ports Group has finalized a $115 million project financing facility to support the development of the Noatum Ports – Safaga terminal in Egypt, reinforcing the Group’s long-term commitment to expand critical ports and logistics infrastructure across its key focus, international markets. The financing, supported by the International Finance Corporation (IFC) with the participation of the National Bank of Kuwait (NBK – Egypt) and other institutional investors through a joint lending portfolio program managed by IFC, has a term of 15 years and reflects the strong international confidence in AD Ports Group’s operations and Egypt’s strategic role in global supply…

Erdoğan to Asharq Al-Awsat: Our Ties with Saudi Arabia Are Strategic for Regional Peace, Stability, Prosperity Turkish President Recep Tayyip Erdoğan stressed on Tuesday that his country was prepared to mediate between Iran and the United States to ease tensions between them, warning against any step that may spark war in the region. Erdoğan arrived in Riyadh on an official visit on Tuesday. In an interview to Asharq Al-Awsat, he said relations between Riyadh and Ankara have strategic importance for peace, stability and prosperity in the region. He revealed that his visit aims to expand to bilateral consultations on regional…

RIYADH — The Council of Ministers reaffirmed Saudi Arabia’s firm positions on current regional and international issues and support for efforts to resolve conflicts through dialogue to strengthen regional and global security and stability. The Crown Prince and Prime Minister Mohammed bin Salman chaired a cabinet meeting in Riyadh on Tuesday.In a statement to the Saudi Press Agency after the meeting, Media Minister Salman Al Dosari said the Cabinet reviewed recent discussions and consultations between Saudi Arabia and several friendly countries on the latest regional and international developments.The Cabinet emphasized the content of statements made by the foreign ministers of…

Saudi goods imports fell slightly to 77.4 billion riyals in November 2025, according to data from the General Authority for Statistics.According to the data, the value of Saudi Arabian goods imports in November 2025 was approximately 77.4 billion riyals, a decrease of 0.2% compared to the same period in 2024, the first annual decline in about two years.Compared to October 2025, Saudi Arabia’s merchandise imports decreased by approximately 5.7 billion riyals, or 7%.10 countriesIn November last year, the Kingdom of Saudi Arabia’s total imports amounted to SR23.7 billion, of which machinery and mechanical equipment, electrical equipment and their parts accounted…

According to provisional statistics from the National Center for Statistics and Information (NCSI), the total production of Oman’s refineries registered a 12.5% ​​increase by the end of December 2025, reaching 84,739,200 barrels compared to the end of December 2024. According to the ONA report, statistics show that motor fuel production in December 2025 totaled 2,846,000 barrels compared to 2,848,600 barrels in November 2025, a slight decrease of 0.1%. Specifically, regular motor fuel (M-91) production increased by 19.3% to reach 16,775,600 barrels by the end of December 2025, compared to 14,058,800 barrels for the same period in 2024. Sales volumes also…

Shipping groups Hapag-Lloyd and Maersk will reopen some shipping routes through the Red Sea and Suez Canal under their shared services network this month, Maersk announced on Tuesday. Shipping companies are considering returning to the vital Asia-Europe trade corridor after attacks in the Red Sea forced ships to reroute around Africa at the end of 2023, but Yemen’s Houthis say this is to show solidarity with Palestinians in Gaza. Maersk and Hapag-Lloyd’s joint ME11 service will reopen the Red Sea and Suez Canal routes from mid-February, with ships sailing under naval escort on routes connecting India to the Middle East…