Government | Thursday 3 April, 2025 1:40 am

REGA mulls rent cap, says CEO

Real Estate General Authority (REGA) studies a cap on increased rents, given that this is one of the international practices to control higher rentals, CEO Abdullah Alhammad told Al-Arabiya TV.   A recent directive was issued by Crown Prince Mohammed bin Salman to rebalance the real...

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Government | Thursday 3 April, 2025 1:35 am

New real estate measures to support household spending, private sector: Minister

Minister of Economy and Planning, Faisal Al-Ibrahim, said Crown Prince Mohammed bin Salman’s new directives aim to provide quick and effective solutions to address challenges in the real estate sector, enhancing citizens’ quality of life and supporting private sector...

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Government | Thursday 3 April, 2025 1:19 am

LCGPA adds 116 products to mandatory list of national products

The Local Content and Government Procurement Authority (LCGPA) added 116 products to the mandatory list of national products across four main sectors, pharmaceuticals, medical supplies, paper consumer products, as well as personal and household equipment and supplies.   Abdulrahman...

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Government | Thursday 3 April, 2025 1:17 am

New commercial register, trade names laws effective as of April 3

The Ministry of Commerce announced that the new commercial register and trade names laws will come into effect on Thursday, April 3.   The move is part of the government's efforts to develop the commercial environment and simplify procedures in the Kingdom.   The...

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Government | Thursday 3 April, 2025 1:00 am

Regulations of Trade Names, Commercial Register Laws approved

The Ministry of Commerce approved the regulations of the Trade Names Law and the Commercial Register Law, according to Umm Al-Qura Official Gazette.   The ministry aims to regulate the procedures for registration in the commercial register and facilitate business...

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Government | Monday 31 March, 2025 5:21 am

RCRC set to launch platform for residential land applications

Ibrahim Al-Sultan, CEO of the Royal Commission for Riyadh City (RCRC), said the authority will start immediately to implement Crown Prince Mohammed bin Salman’s directives to provide developed and planned residential lands for citizens in Riyadh.   Al-Sultan confirmed that work is...

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Government | Monday 31 March, 2025 5:19 am

Crown Prince takes action to balance real estate sector in Riyadh

Saudi Crown Prince Mohammed bin Salman directed the implementation of several measures to balance the real estate market in Riyadh amid higher land prices and rentals.   He lifted suspension on transactions such as buying, selling, subdivision, and issuing building permits, as well...

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Government | Saturday 22 March, 2025 5:53 pm

ZATCA sets criteria for target taxpayers in Wave 22 of e-invoicing

Zakat, Tax and Customs Authority (ZATCA) determined the criteria for selecting the target taxpayers in Wave 22 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 | Sunday 16 March, 2025 12:38 pm

Non-Saudis can now practice pharmacy-related activities, sell herbal products

The Saudi Cabinet approved allowing non-Saudi owners to practice pharmacy-related activities and sell herbal products. The approval will remain in effect until the Integrated Health Law is enforced. ...

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Government | Monday 10 March, 2025 11:38 am

FTA urges Natural Persons to promptly register for Corporate Tax before end of March 2025

The UAE’s Federal Tax Authority (FTA) has today reaffirmed the need for all natural persons who are subject to Corporate Tax to submit their Tax Registration applications for Corporate Tax no later than the end March 2025. Failure to do so will mean violating tax regulations and incurring the...

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