Government | Saturday 4 May, 2024 3:33 pm

ZATCA amends executive regulations for real estate transactions tax

The Zakat, Tax and Customs Authority (ZATCA) made amendments to the executive regulations for real estate transactions tax, which included a number of transactions excluded from the application of tax.   The excluded transactions include a person offering his own property as an...

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Government | Friday 3 May, 2024 12:51 pm

13 gov’t entities protect products of 1,339 factories in Saudi from unfair competition: Official

Jarrah Aljarrah, Official Spokesperson for the Ministry of Industry and Mineral Resources, said that 13 government entities are working to address the challenges facing the industrial sector due to unfair competition. They study these challenges and develop the appropriate tools to resolve them in...

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Government | Wednesday 1 May, 2024 12:07 pm

MBSC Teams Up with Local and Global Partners to Empower Family Enterprises in Saudi Arabia

Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC), the Kingdom’s world-class business school, and its MBSC Observatory for Entrepreneurship, Sustainable Innovation & Family Business, has joined forced with local and international partners to provide training modules...

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Government | Wednesday 1 May, 2024 10:47 am

Public bus transport project in Jazan kicks off

The Governor of Jazan region, Prince Mohammed bin Nasser bin Abdulaziz, inaugurated the public bus transport project in Jazan region, including Jizan, Sabya, and Abu Arish, as part of the gradual rollout of public bus transport projects across various cities and regions of the...

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Government | Tuesday 30 April, 2024 2:04 pm

Saudi economy ‘very healthy’, non-oil activities highly promising: Alibrahim

Saudi Arabia’s economy is very healthy, and growth in non-oil activities is very promising, Faisal Alibrahim, Minister of Economy and Planning, told Asharq News on the sidelines of the World Economic Forum (WEF) in Riyadh. There are new contributors to the non-oil sector growth, with...

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Government | Tuesday 30 April, 2024 1:27 pm

UAE Ministry of Finance Participated in 2024 IsDB Group Annual Meetings

The UAE Ministry of Finance participated in the 2024 Islamic Development Bank (IsDB) Group Annual Meetings held from 27 to 30 April 2024 in Riyadh, KSA. This year’s annual meetings coincided with the Golden Jubilee of IsDB, marking the Bank’s 50th anniversary since its establishment. The...

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Government | Tuesday 30 April, 2024 10:10 am

Emirates Reprographic Rights Management Association holds second general assembly meeting, elects new board of directors

The Emirates Reprographic Rights Management Association (ERRA) convened its second ordinary general assembly meeting in Sharjah, with the participation of the current board of directors and 65 members. During the meeting, the association announced the election of new board members for its second...

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Government | Tuesday 30 April, 2024 8:50 am

Saudi Arabia continues to create investment opportunities in emerging sectors

Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Minister of Defense, affirmed that Saudi Arabia has early recognized the importance of international cooperation, growth, and energy. It has worked on enhancing partnership and integration, stressing the Kingdom's...

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Government | Tuesday 30 April, 2024 8:07 am

UAE Corporate Tax to Bolster Future Economic Sustainability

The United Arab Emirates has initiated a transformative fiscal policy with the introduction of a federal corporate tax, aiming to cement its economic future’s resilience and prosperity. This strategic policy shift, outlined in Federal Decree-Law No. (47) of 2022, aligns with international tax...

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Government | Monday 29 April, 2024 10:07 am

Bin Touq, Estonian counterpart explore potential avenues for expanding cooperation

Abdullah bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Tiit Riisalo, Minister of Economic Affairs and Information Technology in the Republic of Estonia. The meeting explored the possibilities for expanding cooperation in key sectors between the two countries, including the...

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