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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Government | Thursday 13 July, 2023 10:14 am

Mohammed bin Rashid launches international programme on training government directors

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice -President and Prime Minister of the UAE and Ruler of Dubai, today launched the International Programme for Government Directors to train and qualify government administrative competencies.The programme seeks to build knowledge bridges with...

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Government | Thursday 13 July, 2023 9:55 am

Sakani provides 6,000 land plots for Saudi families in H1 2023

The Sakani program announced that about 6,000 plots of land were made available to its beneficiaries in the first half of 2023 through its website and application in most provinces of the Kingdom.   It added that Makkah Province came in first place with 3,982 free plots of...

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Government | Thursday 13 July, 2023 9:51 am

Real Estate Contribution Law executive regulations to be issued in 120 days: official

The Real Estate General Authority (REGA) is set to issue the executive regulations for the new Real Estate Contributions Law within 120 days, which will include the licensing procedures and conditions, in coordination with the Capital Market Authority, said REGA's official spokesman Yaseer...

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