Government | Monday 17 July, 2023 10:24 am

Hamdan bin Mohammed: Guided by Mohammed bin Rashid’s vision, Dubai continues to reinforce its position as major global economic hub

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said Dubai continues to reinforce its position as a major global economic hub, guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime...

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Government | Monday 17 July, 2023 10:14 am

Saudi Crown Prince, Japanese PM hold talks in Jeddah

Saudi Arabia's Crown Prince Mohammed bin Salman held talks with Japanese Prime Minister Fumio Kishida at Al-Salam Palace in Jeddah.  The Crown Prince held an official reception ceremony for the Japanese premier.  Saudi Arabia seeks to boost cooperation...

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Government | Sunday 16 July, 2023 9:18 am

SASO plans to increase car technical inspection centers by 242%

The Saudi Standards, Metrology and Quality Organization (SASO) announced plan to increase the ratio of car periodic technical inspection by 242% after licensing more private companies in this field.   SASO’s vehicle safety center plan eyes 113 specialized centers across...

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Government | Saturday 15 July, 2023 5:22 am

ZATCA says 41,400 companies registered for VAT

The Zakat, Tax and Customs Authority (ZATCA) stated that the total number of companies and individuals registered for value-added tax (VAT) reached 41,4500, Al Eqtisadiah newspaper reported.   The authority indicated that it is committed to applying the tax regulations, including...

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Government | Saturday 15 July, 2023 5:15 am

Saudi Arabia issues 35,300 e-commercial registers in Q2

Saudi Arabia’s Ministry of Commerce issued 35,310 e-commercial registers during Q2 2023, an increase of 21% compared to 29,010 in the same period a year earlier.   Meanwhile, total commercial registers amounted to 56,360 during the three-month period, the ministry said in its...

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Government | Saturday 15 July, 2023 5:12 am

Real Estate Contribution Law to boost supply, says REGA CEO

The recently approved Real Estate Contribution Law will contribute to increasing the supply of commercial and residential real estate products, given that it is a new financing and investment channel for real estate developers, said Abdullah Alhammad, CEO of Real Estate General Authority...

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Government | Friday 14 July, 2023 5:40 am

Dubai Customs and Japanese Consulate discuss ways to enhance cooperation and trade exchange

The Japanese Consulate in Dubai expressed appreciation for Dubai Customs and its role in collaborating with international customs authorities and organizations to combat drug smuggling across borders. His Excellency Noboru Sekiguchi, the Consul General of Japan in Dubai, conveyed his gratitude to...

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Government | Friday 14 July, 2023 4:42 am

PIF, ENGIE to develop green hydrogen projects in Saudi Arabia

The Public Investment Fund (PIF) signed a memorandum of understanding (MoU) with ENGIE for the joint development of green hydrogen projects and its derivatives in Saudi Arabia. The MoU aims to explore opportunities that contribute to driving the energy transition in the Kingdom in...

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Government | Friday 14 July, 2023 4:35 am

PIF assets rise to $700 bln

The Public Investment Fund (PIF) remained in the sixth position among the world’s largest sovereign wealth funds (SWFs), after its net assets rose to $700 billion (SAR 2.635 trillion), recent data from SWF Institute showed. PIF's assets rose by $50 billion, compared to $650 billion in...

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Government | Thursday 13 July, 2023 10:45 am

Al Hogail reveals directives to ensure urban identity for each city

Saudi Arabia’s Minister of Municipal, Rural Affairs, and Housing, Majed Al Hogail, unveiled leadership directives that all the Kingdom’s cities shall have a clear urban identity. In an interview with Al-Arabiya TV, Al Hogail stated that works are in the pipeline under the supervision of...

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