Media In / riyadh 25 december 2018 The Permanent Committee of Saudi Arbitration Centers has issued the first license for a Saudi Arbitration Center to the Saudi Center for Real Estate Arbitration. The license of the Saudi Center for Real Estate Arbitration comes as the first license issued by the …
Read More »Saudi Zakat and Income Tax Institutions are invited to submit their tax returns before the end of December
Media In / Riyadh 24 December The General Authority for Zakat and Income of Saudi Arabia has called on all establishments registered in the value added tax, which exceed their annual taxable goods and services, to pay 40 million riyals to submit their tax returns for the month of November …
Read More »Saudi Arabia grants electronic visa to some countries
Media In / Riyadh 23 December The new visa system allows Saudi Arabia to enter into an electronic visa to learn about Saudi culture and learn about the positive changes of the community. The electronic visa has been available after it was one of the most difficult countries to be …
Read More »Saudi Industrial Fund Agreement with Saudi Electricity Company to support local content
Media In / Riyadh 23 December The Saudi Industrial Development Fund (SIDF) and the Saudi Electricity Company signed a cooperation agreement in the field of financing industrial facilities under the Local Content Development Initiative. The agreement provides for the development of a financing product that combines the opportunities included in …
Read More »800 million riyals to implement the initiative to raise the capital of the program “bail”
Media In / Riyadh 23 December The SME Financing Program, in collaboration with the Local Content and Private Sector Development (NAMA), continues to implement the initiative to raise the capital of the program by SR 800 million within Private sector stimulus plan. The initiative aims to support the program by …
Read More »A Saudi company invests AED 138 million to build a factory in Al Ain
Media In Abu Dhabi – 23 December 2018 / The Higher Corporation for Specialized Economic Zones (ZonesCorp) and the Saudi-based Perrin Water and Beverages Company announced a new agreement to build an AED 138 million plant and an area of 36,000 square meters in Al Ain Food Industries, recently announced …
Read More »Unemployment in Saudi Arabia has been declining since 2019
Media In-Agencies 19-12-2018 Saudi Arabia expects its unemployment rate to fall from 2019, from its current level of 12.9 percent, Saudi Economy and Planning Minister Mohammad Tuwaijri said. “The figure is 12.9 percent and we expect it to start retreating from 2019,” Tuwaijri said at a press conference following the …
Read More »70% Increase in total tonnage exported and imported through the port of Ras Al Khair Saudi Arabia
Media In / Riyadh December 19, The Saudi Ras Al Khair Port achieved an increase of 70% in the total tonnage exported and imported for the month of November 2018 through its handling of 585,279 thousand tons compared to the same period of the previous year 2017. While the port …
Read More »Saudi Arabia adopts a record budget of 1.106 trillion riyals
Media In – Riyadh Agencies December 18, The Saudi Council of Ministers, chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, adopted the budget for the new fiscal year 1440/1441 as the largest budget in the history of the Kingdom of Saudi Arabia aimed …
Read More »Awareness raising campaigns in value added tax in Saudi Arabia
The General Authority for Zakat and Income of Saudi Arabia, in cooperation with the Ministry of Trade and Investment, has started implementing field campaigns to ensure the readiness of enterprises whose annual supply exceeds 375 thousand riyals to register the value added tax and to raise awareness about how to …
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