Government | Wednesday 11 October, 2023 9:14 am

Saudi-Russian Business Council encourages Russian businesses to locate HQs in the Kingdom

The Saudi-Russian Business Council is working to encourage Russian companies to locate their headquarters in the Kingdom, chairman Tariq Al-Qahtani said.   Al-Qahtani added, according to a tweet by the Federation of Saudi Chambers (FSC) on X platform, that one of the council's...

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Government | Wednesday 11 October, 2023 9:06 am

Eastern Province Governor in Saudi Arabia Inaugurates Gulf Electricity Market Connection with Iraq Worth $300 Million Annually

His Royal Highness Prince Saud bin Naif bin Abdulaziz, the Governor of Saudi Arabia's Eastern Province, inaugurated the Gulf Electricity Market Project's connection platform with the Republic of Iraq on Tuesday, October 10, at the GCC Interconnection Authority (GCCIA) headquarters in Al Dammam...

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Government | Monday 9 October, 2023 9:19 am

Expo Centre Sharjah & Algerian SAFEX explore avenues of bolstering cooperation

Expo Centre Sharjah has discussed with Algerian Company of Fairs and Exhibitions (SAFEX) ways to strengthen collaboration in joint exhibitions and bolster the presence of Algerian businesses in various events and exhibitions hosted by the centre throughout the year.The discussions were held during...

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Government | Monday 9 October, 2023 8:56 am

King Salman raises basic minimum pension for social security beneficiaries

The Saudi King issued directives today, Oct. 8, on raising the basic minimum pension for social security beneficiaries by 20%. Meanwhile, the Citizen Account Program will remain in effect while adding certain factors to enhance support efficiency and ensure that benefits are received by the...

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Government | Monday 9 October, 2023 8:54 am

Ministry of Commerce issues 83,500 commercial registers in Q3 2023

The Ministry of Commerce issued its Q3 2023 bulletin on the performance of the Saudi business sector.A total of 83,450 commercial registers were issued in the third quarter, an increase of nearly 17% year-on-year (YoY) from 71,600 commercial registers in Q3 2022.Riyadh Province accounted for the...

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Government | Sunday 8 October, 2023 4:09 pm

Saudi issues decree to develop Imam Faisal bin Turki Royal Reserve

Saudi Arabia issued a decree to establish a royal reserve named “Imam Faisal bin Turki”, which will spread across three administrative regions—Asir, Jazan, and Makkah. It will also extend to the Kingdom’s territorial water in the Red Sea. This will be the eighth royal reserve in the...

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Government | Sunday 8 October, 2023 9:32 am

Saudi Cabinet sets cap for estimated value of infrastructure, public service projects

The Saudi Council of Ministers approved a maximum limit for the estimated value of any infrastructure or public service project, stipulated in paragraph (1) of Article 7 of the Privatization Law issued in 2021. The limit shall be SAR 200 million for projects to carry out works or secure purchases...

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Government | Friday 6 October, 2023 5:44 am

UAE participates in 120th Meeting of GCC Financial and Economic Cooperation Committee

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, today led the UAE delegation participating in the 120th meeting of the Financial and Economic Cooperation Committee of the Gulf Cooperation Council (GCC) countries in the Omani capital, Muscat.The UAE delegation accompanying the...

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Government | Wednesday 4 October, 2023 1:51 am

Opening of first EV factory in Saudi Arabia enhances Vision 2030 success: Cabinet

The Cabinet, chaired by King Salman, stated today, Oct. 3, that the launch of the Kingdom's first electric vehicle (EV) factory adds to Vision 2030's ongoing success in diversifying economic sources, attracting investments, boosting sustainability, and localizing modern...

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Government | Monday 2 October, 2023 9:42 am

UAE participates in Arab League's Arab Ministerial Council for Electricity meeting

A UAE delegation, headed by Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, participated in the extraordinary session of the Arab League's Arab Ministerial Council for Electricity, held at the league's headquarters in...

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