Business & Money | Saturday 4 June, 2016 4:53 am

6% tax on expat remittances urged

The Shoura Council’s finance committee is backing a proposed tax on the remittances of expats, starting from 6 percent in the first year and gradually reducing to 2 percent permanently from the fifth year onward. The tax proposal was drafted by Hossam Al-Anqari, head of the General Auditing...

More Details

Tourism & Hospitality | Saturday 4 June, 2016 3:56 am

Etihad Airways Equity Partners Sign Declaration to Support The Prevention of Illegal Wildlife Trade

Five Etihad Airways equity ‎partner airlines signed up to the Buckingham Palace Declaration, committing to major steps to fight illegal wildlife trafficking and efforts to help protect many of the world's iconic wildlife species. The Declaration of the United for...

More Details

Government | Saturday 4 June, 2016 3:46 am

Sight Ramadan crescent on Sunday

As the Supreme Court in Riyadh urged Muslims to look for the crescent to mark the beginning of the holy month of Ramadan on Sunday, imams at mosques throughout the Kingdom, including those in Makkah and Madinah, welcomed Friday the holy month of Ramadan with an immense sense of sanctity and...

More Details

Business & Money | Saturday 4 June, 2016 3:42 am

K.A.CARE to help develop renewable energy sources

King Abdullah City for Atomic and Renewable Energy (K.A. CARE) and Asir province will jointly work toward achieving the goal of green buildings, converting municipal solid waste into electricity and monitoring and developing sources of renewable energy for sustainable development. “A joint ...

More Details

Business & Money | Friday 3 June, 2016 5:13 pm

SABIC in JV to build another petrochem complex in China

SABIC has signed a Project Development Agreement (PDA) with Shenhua Ningxia Coal Industry Group Co. Ltd. (SNCG), a subsidiary of Shenhua Group Corporation Limited, effective May 30, 2016. The PDA relates to the two parties’ potential joint development of a greenfield petrochemical complex to ...

More Details

Tourism & Hospitality | Friday 3 June, 2016 5:11 pm

Saudia operates special flights for businessmen

Saudia Private Aviation (SPA) on Wednesday launched its Al-Bayraq flights between Riyadh and Jeddah for businessmen. This is a new product of the Saudi Arabian Airlines Company that it is offering to its customers. There will be regular flights between the two cities from 6:00 a.m. to 9:00 p.m....

More Details

Business & Money | Friday 3 June, 2016 4:31 pm

Crown Prince commissions long range boat Jeddah

Crown Prince Muhammad Bin Naif, deputy premier and minister of interior, said the Border Guard’s marine vessels project is one of the projects that will boost the Kingdom’s border security, Saudi Press Agency reported. In a speech during the commissioning of the first long range boat ...

More Details

Government | Friday 3 June, 2016 4:26 pm

King Salman inaugurates King Saud Foundation

Custodian of the Two Holy Mosques King Salman inaugurated King Saud Foundation during a reception for the late king’s sons at Al-Salam Palace in Jeddah on Thursday. Prince Mishal Bin Saud, president of the foundation, accompanied by Prince Sattam Bin Saud and Prince Hussam Bin Saud, attended...

More Details

Business & Money | Friday 3 June, 2016 3:27 pm

CEDA unveils integrated governance regulation for Vision 2030

The Council of Economic and Development Affairs (CEDA) has developed an integrated governance regulation to ensure establishment of a convention of work, raise efficiency, and facilitate coordination of efforts among the relevant authorities with regard to realizing the Kingdom’s Vision 2030. ...

More Details

Business & Money | Friday 3 June, 2016 4:24 am

Tetra Pak Arabia Joins the World in Celebrating World Milk Day

Tetra Pak the world’s leading food processing and packaging solutions company will join the rest of the world in celebrating the 16th World Milk Day. Tetra Pak promotes the consumption of safe packaged milk all over the world. By developing and implementing awareness campaigns publicizing the ...

More Details