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Sunday, July 05, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "Saudi" (66 articles)

Gulf Times
Region

Saudi Royal Court announces passing of Grand Mufti Sheikh Abdulaziz Al Al-Sheikh

The Royal Court of Saudi Arabia on Tuesday announced the passing of Sheikh Abdulaziz bin Abdullah bin Mohammed Al Al-Sheikh, the Grand Mufti of the Kingdom. The late Grand Mufti also served as head of the Council of Senior Scholars, the General Presidency of Scholarly Research and Ifta, and the Supreme Council of the Muslim World League. In a statement carried by the Saudi Press Agency (SPA), the Royal Court said that the funeral prayer will be performed today at the Imam Turki bin Abdullah Mosque in Riyadh following the Asr prayer.

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah addresses delegates during a high-level meeting of heads of state on a two-state solution between Israel and the Palestinians at United Nations headquarters in New York City, on Monday. REUTERS
Region

Saudi calls Two-State Conference a historic opportunity, urges global recognition of Palestine

Saudi Arabia's Foreign Minister Prince Faisal bin Farhan bin Abdullah has described the International Conference on the Two-State Solution as a pivotal moment to advance peace and reinforce international commitment to a just resolution of the Palestinian issue.Delivering remarks on behalf of Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al- Saud, Prince Faisal addressed the opening session of the high-level conference on the peaceful resolution of the Palestinian conflict, held on the sidelines of the United Nations General Assembly in New York.In his speech, the Saudi Foreign Minister condemned what he called the brutal crimes of the Israeli occupation in Gaza, ongoing violations in the West Bank, and repeated infringements on the sovereignty of Arab and Islamic nations - citing most recently the blatant aggression against the State of Qatar.Prince Faisal welcomed France's recent recognition of the State of Palestine and commended the growing number of countries taking similar positions. He also pointed to the overwhelming support for the UN General Assembly's adoption of the New York Declaration, which calls for a peaceful resolution and the realization of the two-state solution. With 142 countries voting in favor, he said, the resolution reflects a strong international consensus in support of the Palestinian people's legitimate rights, grounded in international law and the Arab Peace Initiative.The minister warned that Israel's continued hostile actions threaten regional and global stability and risk derailing peace efforts. He reiterated Saudi Arabia's longstanding position that the two-state solution remains the only credible path toward a comprehensive and lasting peace.Prince Faisal affirmed the Kingdom's readiness to work closely with France and other nations committed to peace in order to implement the outcomes of the conference. He stressed the urgent need to end the conflict in Gaza, stop all unilateral measures undermining Palestinian sovereignty, and advance a political solution to the crisis.He concluded by thanking the countries that have already recognized, or declared their intention to recognize, the State of Palestine, and called on others to follow suit and take what he described as a historic and necessary step toward justice and stability.

Gulf Times
Qatar

HH the Amir sends congratulations to Custodian of the Two Holy Mosques

His Highness the Amir Sheikh Tamim bin Hamad Al-Thani sent on Monday a cable of congratulations to his brother the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of the sisterly Kingdom of Saudi Arabia on the occasion of his country's National Day.

Gulf Times
Qatar

HH Deputy Amir sends congratulations to Custodian of the Two Holy Mosques

His Highness the Deputy Amir Sheikh Abdullah bin Hamad Al-Thani sent on Monday a cable of congratulations to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of the sisterly Kingdom of Saudi Arabia on the occasion of his country's National Day.

Gulf Times
Qatar

Es'hailSat signs MoUs for joint co-operation and integration with Saudi Netlink and EgyptSat

Es'hailSat, the Qatar Satellite Company, has signed joint cooperation and strategic partnership agreements with both Saudi Netlink and EgyptSat, separately, for the purpose of providing joint satellite services across both their customer base located in Saudi Arabia, Egypt and spread across the Middle East and North Africa region.In its statement, Es'hailSat said that these partnerships allow the customers of these companies to leverage the combined satellite services of the companies as well as the ground infrastructure that brings with it the latest technologies in satellite communications and VSAT technology."Es'hailSat is delighted to enter into this Memorandum of Understanding with Saudi Netlink that combines the satellite and ground segment strength of both companies in the best interest of all our customers," said President and CEO of Es'hailSat Ali bin Ahmed Al Kuwari.On signing the agreement with EgyptSat, Ali bin Ahmed Al Kuwari said, "We are witnessing a rapid growth of the economies in the Middle East and North Africa region, together with global sporting events, and this has led to growing demand from our commercial, government and defense customers." In order to best serve these and remain competitive in the global landscape, we welcome this partnership with EgyptSat and believe that when it comes to our satellite services, the whole will be greater than the sum of the parts.These partnerships stand to benefit a diverse set of customers across applications such as VSAT communications, enterprise connectivity, telecommunications, and other digital services.Both Saudi Netlink and EgyptSat will extend their cooperation with Es'hailSat into areas such as training, pricing, and collaborating with each other as preferred partners.Es'hailSat, the Qatar Satellite Company, incorporated in 2010, provides satellite, broadcast, teleport, and managed services. Strategically located in Doha, Qatar, its coverage extends across the Middle East and North Africa, delivering critical communication solutions to broadcasters, telecommunications providers, enterprises, and government entities.The two satellites, Es'hail-1 and Es'hail-2, are co-located at the 25.5°/26°E orbital position. Complementing this orbital infrastructure is a 50,000 sqm Tier-4 certified teleport facility, enabling the delivery of reliable, secure, and high-performance connectivity services.

Gulf Times
Qatar

Saudi slams aggressive statements by Israeli PM against Qatar

The Kingdom of Saudi Arabia Friday expressed its strong condemnation and denunciation of the aggressive statements made by the Israeli Prime Minister against the State of Qatar.In a statement, the Saudi Ministry of Foreign Affairs reiterated its solidarity with the State of Qatar in its measures, stressing that these aggressive statements and practices by the Israeli occupation authorities and their grave and serious violations of international laws and norms require the international community to continue taking effective measures to put an end to these destructive Israeli policies in the region.

Gulf Times
Qatar

Saudi condemns brutal Israeli aggression and blatant violation of Qatar's sovereignty

The Kingdom of Saudi Arabia condemned and denounced in the strongest terms the brutal Israeli aggression and blatant violation of the sovereignty of the State of Qatar, affirming its full solidarity and support for Qatar, and deploying all its capabilities to support it in all measures it may take.In a statement on Tuesday, the Kingdom of Saudi Arabia warned of the dire consequences of the Israeli occupation's continued criminal aggression and its blatant violation of the principles of international law and all international norms.The Kingdom urged the international community to condemn this heinous attack and put an end to Israeli violations that undermine the security and stability of the region.

Gulf Times
Qatar

HH the Amir grants Al Wajbah Decoration to Saudi Ambassador

HH the Amir Sheikh Tamim bin Hamad Al-Thani met in his office at the Amiri Diwan on Tuesday morning with Ambassador of the sisterly Kingdom of Saudi Arabia to the State of Qatar, Mansour bin Khalid bin Abdullah Al-Farhan Al-Saud, who called on His Highness to greet him on the occasion of the end of his tenure in the country. HH the Amir granted the Al Wajbah Decoration to the Saudi Ambassador in recognition of his efforts to strengthen bilateral relations between the two countries, wishing him success in his future missions, and the relations between the two countries further development and progress. For his part, the Saudi Ambassador expressed his thanks and appreciation to HH the Amir and to the state officials for the cooperation he received that contributed to the success of his work in the country.

Gulf Times
Qatar

Secretary-General of the Ministry of Foreign Affairs bids farewell to Saudi Ambassador

HE Secretary-General of the Ministry of Foreign Affairs Dr. Ahmed bin Hassan Al Hammadi met on Monday with HH Ambassador of the Kingdom of Saudi Arabia to the State of Qatar, Prince Mansour bin Khalid bin Abdullah Al-Farhan Al-Saud, on the occasion of the end of his tenure in the country.HE the Secretary-General of the Ministry of Foreign Affairs thanked HE the Ambassador for his efforts in enhancing and promoting bilateral relations, wishing him success in his new duties.

Gulf Times
Qatar

PM bids farewell to Saudi envoy

HE the Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani met Sunday with Ambassador of the Kingdom of Saudi Arabia to Qatar Prince Mansour bin Khalid bin Abdullah al-Farhan al-Saud, on the occasion of the end of his tenure in the country.During the meeting, HE the Prime Minister and Minister of Foreign Affairs wished the Saudi ambassador success in his future assignments, and further progress and prosperity for relations between the two countries.

Saudi Arabia's Permanent Representative to the UN, ambassador Abdulaziz al-Wasil reaffirmed the shared commitment of Saudi Arabia and France to upholding international law and implementing relevant UN resolutions.
Region

UN adopts Saudi-French draft resolution on Palestinian issue

Saudi Arabia's Permanent Representative to the UN, ambassador Abdulaziz al-Wasil, presented an oral draft resolution during Saturday's session of the UN General Assembly on behalf of Saudi Arabia and France.The resolution pertained to the resumption of the High-Level International Conference for the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution. It was adopted by consensus without a vote.Ambassador al-Wasil reaffirmed the shared commitment of Saudi Arabia and France to upholding international law and implementing relevant UN resolutions, highlighting that the key objectives of the conference include the protection of international legitimacy and taking practical steps toward achieving lasting peace in the Middle East region.On July 28, 2025, the aforementioned conference kicked off at the headquarters of the UN General Assembly in New York, co-chaired by Saudi Arabia and France.It primarily aimed to bring the occupation to an end and to support the establishment of a sovereign and independent Palestinian state.

Investors talk as they monitor screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh (file). Investors from beyond the Arabian Gulf accounted for 41% of total Saudi equities buying in the week ended August 28, one of the highest ratios on record, according to Saudi stock exchange data compiled by Bloomberg Intelligence.
Business

Foreign investors are making a bigger bet on Saudi stocks

Saudi Arabia’s battered stock market is looking increasingly attractive to foreign investors because of rock-bottom valuations and bets that the oil price won’t drop much further.Investors from beyond the Arabian Gulf accounted for 41% of total Saudi equities buying in the week ended August 28, one of the highest ratios on record, according to Saudi stock exchange data compiled by Bloomberg Intelligence.The flows signal that a rush of reforms making it easier for foreigners to buy Saudi stocks is working. For the time being, however, risks still have the upper hand with the Tadawul All Share Index down 11% year to date and domestic investors on the retreat, along with crude prices.Nishit Lakhotia, head of research at SICO Bank, said stock investors are currently pricing in a “worse-case scenario” for the Saudi market, which he expects to bottom out shortly, unless oil drops below $60 a barrel — which would amount to a roughly 10% drop from current levels.“We believe the momentum is still there in the economy, which does not warrant such depressed valuations,” he said. “While it’s hard to predict when exactly the market can turn, there will likely be a point — sooner than later — when smart investors will start buying.”The slump has made Saudi stocks look relatively attractive, with the benchmark index near the lowest price-to-earnings multiple in more than five years. Junaid Ansari, director of investment strategy and research at Kamco Investment Co, expects a sharp turnaround in sentiment from the fourth quarter, when investors start making allocations for 2026.“The Saudi market is an oversold market,” said Ansari. While foreigners have largely been net buyers, “the sellers are mainly institutions in Saudi Arabia which we believe are selling to focus on other investment opportunities in the Kingdom,” he said.Nevertheless, the weak oil market is weighing down Saudi assets. Brent crude is trading around $66 per barrel, well below the nation’s fiscal breakeven price of $94, according to Bloomberg Economics. If domestic investments by the kingdom’s sovereign wealth fund are included, the figure rises to $111.While foreigners accounted for about 35% of all Saudi stock purchases in August, continuing a strong trend, daily turnover on the market has dropped to the lowest level since 2023. This means that international investors are grabbing a bigger slice of a smaller pie.Still, the gloom over the kingdom’s stocks may be over-hyped, especially as a negative perception of earnings is in large part based on giants, such as Saudi Arabian Oil Company and Saudi Basic Industries Corp.Excluding Aramco and Sabic, Saudi stocks are showing roughly 7% profit growth, Kamco’s Ansari said. Even as the Tadawul index has declined, owners of Saudi National Bank and Saudi Telecom Co shares have seen 11% and 13% returns, respectively, so far this year.“Although earnings growth for 2025 and 2026 is among the lowest across emerging markets, valuations have become more attractive,” said Nenad Dinic, an emerging-markets equity strategist at Bank Julius Baer & Co Ltd.