5,212 VAT Violations Against Non-compliant Businesses Noted
The General Authority of Zakat and Tax (GAZT) has stepped up its value-added tax (VAT) inspections in the build-up to Ramadan with its accompanying rise in trade.
The GAZT confirmed that it has iss...
May 14, 20181524Category: Business
Qiddiya Investment Company Established As Standalone Company
Qiddiya, the entertainment, sport and cultural destination being built 40 kilometers outside Riyadh, has officially been incorporated as a standalone company as the Qiddiya Investment Company (QIC).
...
May 22, 20181772Category: Business
Riyadh Chamber Launches Free Program To Train 1,000 Saudi Youth
Riyadh Chamber of Commerce and Industry is launching a free training program for a thousand Saudi Arabian nationals of both genders in the field of digital marketing, the Saudi Press Agency reported o...
May 22, 20181772Category: Business
Saudi Graduates Urged To Turn Ideas Into Investment Projects
Madinah Gov. Prince Faisal bin Salman on Wednesday patronized the graduation ceremony of 3,384 Taibah University students for the academic year 2017-2018.
Integrating graduates into the labor marke...
May 24, 20181139Category: Business
Saudi Banks Are Working To Capitalize On Economic Reforms
Saudi banks, which are working to capitalize on economic reforms, have defied recessionary trends by posting profits during the first quarter of 2018.
The banks have cumulatively reported a 7.5 per...
May 24, 20181149Category: Business
Al-Ablaa Center Contains Many Treasures In Saudi Arabia
The northwestern and western towns in Asir province are renowned for their large number of historical sites and villages that host Islamic and pre-Islamic monuments and gold mines.
One of the most im...
May 26, 20181415Category: Business
More Than 50 Pc Of Traders Are Unaware Of Trademark Registration
About 51 percent of the 4,287 participants in a study conducted by the Ministry of Commerce and Investment did not know the advantages of registering their trade brands in the Ministry of Commerce. Wh...
May 26, 20181505Category: Business
Local Businesses Struggle With Replacing Foreign Workers With Locals
The Mobile Market Center is a popular place in Riyadh for anyone who needs computer accessories or help with a cellphone. The two-story mall, next to a busy thoroughfare in the Saudi capital city, has...
May 30, 20181734Category: Business
59 Pc Of Commercial Enterprises Registered In Saudi Arabia Remains Inactive
About 59 percent of commercial enterprises registered in Saudi Arabia remains inactive, according to a report in Al-Eqtisadiah newspaper on Sunday.
A total of about 1.3 million commercial establish...
June 04, 20181230Category: Business
Farmers In Madinah Begin Harvest Of Dates
Madinah farmers are harvesting this year’s dates crop , which are being put on display at the central dates market on a daily basis.
The crops arrive from the governorate of Badr, and o...
June 10, 20181476Category: Business
7 Saudi Firms On Forbes List Of Largest Public Companies
Seven Saudi companies figure on the annual list of Forbes Global 2000: the world’s largest public companies.
The seven Saudi companies are Sabic, Saudi Electricity, Saudi Telecom, Saudi Briti...
June 10, 20182551Category: Business
Peace Without Borders Announces First Saudi Peace Ambassador
The global organization Peace Without Borders has chosen Dr. Sumaya Al-Nasser to be the first Saudi ambassador for peace. She is a distinguished Saudi life coach and businesswoman with long experience...
June 14, 20181441Category: Business
Laura Ashley Said To Eye Saudi Arabia For Hotel Expansion
Laura Ashley, the UK-based brand famous for its fabrics, designs and homeware, is targeting Saudi Arabia as part of an expansion plan for its fledgling hotels business.
Laura Ashley Hotels, which c...
June 19, 20181603Category: Business
JPMorgan Subsidiary To Sell Saudi Investment Bank Stake For 203m Dollors
A subsidiary of JPMorgan Chase agreed to sell its minority stake in Saudi Investment Bank for 759.3 million riyals ($203 million), Saudi Investment Bank said in a statement on Sunday.
JPMorgan Inte...
June 26, 20181081Category: Business
Tap Offering Completed For Saudi Sukuk Program - Ministry Of Finance
The Ministry of Finance announced Thursday that it has completed a tap issuance of additional investors applications on its domestic issuance under the Saudi Arabian government SR-denominated Sukuk Pr...
June 30, 20181149Category: Business
Saudi Arabia Kicked Off The Sale Of Its Flour Mills
Saudi Arabia on Thursday kicked off the sale of its flour mills, one of the first privatisations of the kingdom and a litmus test for other large state asset sales to follow.
Saudi’s state gr...
July 01, 20181574Category: Business
KSA Becomes Member Of ACSAD’s Executive Council
Saudi Arabia has been elected as a member of the executive council of the Arab Center for the Studies of Arid Zones and Dry Lands (ACSAD) for the next two years, at the 34th session of its general ass...
July 02, 20182317Category: Business
Saudi Economy Shows Significant Recovery
Saudi Arabia's economy had a strong showing in the first quarter of 2018, thanks to rising oil prices and a surge in the non-crude sector, authorities said Sunday. The National Accounts publicatio...
July 02, 20181083Category: Business
7,492 Instances Of Customs Duty Evasion Have Been Reported In The First Quarter
As many as 7,492 instances of customs duty evasion have been reported in the first quarter of this year involving imports of goods worth more than SR672 million.
In a statistical report the Customs...
July 04, 20181216Category: Business