Business & Money | Saturday 1 March, 2025 11:14 am

Industry Ministry issues 1,346 licenses worth over SAR 50B in 2024

The Ministry of Industry and Mineral Resources issued 1,346 new industrial licenses in 2024, at a total investment value exceeding SAR 50 billion, as part of its endeavors to stimulate industrial investments and enhance the sector growth.   According to the National Center for...

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Business & Money | Saturday 1 March, 2025 11:11 am

Flynas signs SAR 495M Murabaha financing with Bank AlJazira

Flynas signed a Murabaha financing deal worth SAR 495 million ($132 million) with Bank AlJazira.   In a statement, Flynas said the deal is to finance the acquisition of three state-of-the-art Airbus A320neo aircraft.   The airline highlighted its expansion plans,...

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Government | Saturday 1 March, 2025 11:05 am

Nazaha investigates 370 suspects in criminal cases in February; 131 arrested

The Oversight and Anti-Corruption Authority (Nazaha) conducted 3,466 oversight rounds in February, addressing several criminal and administrative cases.   In a post on social messaging platform X, Nazaha said that as many as 370 suspects were under investigation, while another 131...

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Government | Saturday 1 March, 2025 11:02 am

King Salman addresses citizens, residents, Muslims on occasion of Ramadan

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, delivered a speech to the citizens and residents in the Kingdom, as well as all Muslims, on the occasion of the holy month of Ramadan, the Saudi Press Agency reported.   "We express our gratitude to Allah for granting...

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Business & Money | Saturday 1 March, 2025 11:00 am

PPP model allows private sector to develop infrastructure with govt: Al-Jadaan

Minister of Finance Mohammed Al-Jadaan said Saudi Arabia adopted a public-private partnership (PPP) model, allowing private entities to collaborate with the government in developing and managing infrastructure projects.   Speaking at the G20 Finance Ministers and Central Bank...

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Government | Saturday 1 March, 2025 10:58 am

King Salman, Crown Prince donate SAR 150M to Jood Regions Campaign

Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Prince Mohammed bin Salman, Crown Prince and Prime Minister, donated a total of SAR 150 million to the second Jood Regions Campaign, launched on the occasion of Ramadan.  This generous contribution, SAR 100 million from King...

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Government | Saturday 1 March, 2025 10:53 am

ZATCA sets criteria for target taxpayers in Wave 21 of e-invoicing

Zakat, Tax and Customs Authority (ZATCA) determined the criteria for selecting the target taxpayers in Wave 21 for implementing the "integration phase" of e-invoicing.   In a statement, the authority clarified that this wave included all taxpayers whose revenues subject to VAT...

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Government | Saturday 1 March, 2025 10:40 am

Here’s what you need to know about Land Transport Law

King Salman bin Abdulaziz Al Saud issued a royal decree approving the Land Transport Law.   The law was also approved by the Saudi Cabinet.   According to the decree, the law implementation does not affect the provisions of the concession agreement between the...

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Business & Money | Saturday 1 March, 2025 9:08 am

300 factories set to boost vehicle industry in Saudi Arabia: Official

Deputy Minister of Industry and Mineral Resources for Industrial Affairs, Khalil bin Salamah, said the automobile factories in Saudi Arabia, including Ceer, Lucid, and Hyundai, will increase by nearly 300 to supply vehicle production lines with various components.   He added that the ...

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Cars & Autos | Thursday 27 February, 2025 4:14 pm

Al-Futtaim Industrial Equipment and BYD Commercial Vehicles Ignite a New Era in Green Mobility

The collaboration unveils the UAE's next generation of electric trucks and buses. BYD introduces four game-changing electric commercial vehicles, redefining urban logistics, freight, and sustainable public transport.Dubai — Al-Futtaim Industrial Equipment has officially launched a bold new...

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