Government | Saturday 6 July, 2024 1:47 pm

ZATCA updates rules on exemption of returned goods from customs duties

The Zakat, Tax and Customs Authority (ZATCA) updated the rules related to the exemption of returned goods from customs duties.   This includes updating the requirements related to exempting the returned goods and developing the customs procedures related to goods that are temporarily ...

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Government | Saturday 6 July, 2024 1:45 pm

Saudi issues executive regulations for social insurance law

Mohammed Al-Jadaan, Minister of Finance and Chairman of the General Organization for Social Insurance (GOSI), endorsed the executive regulations for the Social Insurance Law, to become effective from the date of their publication in the Official Gazette on July 5, 2024. ...

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Government | Friday 5 July, 2024 10:44 am

ACRSD imposes SAR 11.1M fine on capital market violators

The General Secretariat of the Committees for Resolution of Securities Disputes (GS-CRSD) announced the issuance of the Appeal Committee for the Resolution of Securities Disputes' (ACRSD) final decision No. (3280/L.S/2024) of 1445 H., dated April 3, 2024, on the public penal case filed by the...

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Government | Sunday 30 June, 2024 9:14 am

Dubai Customs Cracks Down on Drug Smuggling: 1,273 Seizures Show Commitment to Global Security

On the International Day Against Drug Abuse and Illicit Trafficking, which is observed on 26th June every year, Dubai Customs announced 1,273 drug seizures at border ports of the Emirate of Dubai (land, sea, air, and passenger operations). These included Tramadol tablets, Captagon, opium, heroin,...

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Government | Saturday 29 June, 2024 12:51 pm

ZATCA updates rules of public auction

The Zakat, Tax and Customs Authority (ZATCA) updated the rules of public auction, which aim to regulate the procedures of auctions conducted by the authority in all its land, sea and air customs ports.   The rules also aim to provide a better experience for bidders, through...

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Government | Thursday 27 June, 2024 10:24 am

UAE Chairs 45th Annual Session of the OPEC Fund Ministerial Council

The United Arab Emirates today chaired the 45th annual session of the OPEC Fund Ministerial Council held in Vienna, Austria. During the meeting, council members discussed the annual report for 2023, as well as the latest developments and progress of the Fund’s projects and initiatives. His...

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Government | Thursday 27 June, 2024 10:23 am

King Fahd Causeway to Bahrain Goes Digital: E-Insurance Now Mandatory for All Vehicles

United Insurance Company, the provider responsible for mandatory insurance for vehicles crossing the King Fahd Causeway to Bahrain, has announced that, effective July 1st, short-term insurance policies (3, 5, 10 days) will be available exclusively through electronic channels. The company...

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Government | Thursday 27 June, 2024 10:16 am

Najm opens its branch in Al-Ahsa

Najm for insurance services has inaugurated its branch in Al-Ahsa, in the presence of Al-Ahsa Traffic Department Director, Brig. Gen. Khalid bin Faleh Al-Rashidi and a number of Najm officials. Al-Rashidi toured the branch, during which he viewed the workflow and services provided by Najm to...

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Government | Wednesday 26 June, 2024 9:04 am

UAE Ministry of Finance Issues Public-Private Partnership Manual

The UAE Ministry of Finance today announced the UAE Cabinet’s approval of the Public-Private Partnership Manual. The manual aims to develop a policy and procedural framework to enable federal government entities to implement their developmental and strategic projects efficiently and effectively,...

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Government | Saturday 22 June, 2024 5:47 am

Saudi Arabia eyes new areas of cooperation with Switzerland: Al-Jadaan

Saudi Arabia seeks new areas to deepen cooperation with Switzerland, including insurance, in addition to new markets and best practices in this regard, said Minister of Finance, Mohammed Al-Jadaan.   During his participation in the Fourth Saudi-Swiss Financial Dialogue in Zurich,...

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