Government | Saturday 16 December, 2017 9:30 am

Green Card under study

A “Green Card” for foreign investors is under study. If approved, it will be announced soon, Head of the Local Content and Private Sector Development Unit at the Council of Economic Affairs and Development, Advisor to the General Secretariat of the Council of Ministers, Fahad Al-Skeit...

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Government | Friday 15 December, 2017 1:46 am

Saudi Arabia plans $19bn boost for private sector

Saudi Arabia is to inject SR72 billion ($19.2 billion) into the private sector of the economy in a bid to stimulate activity in the non-oil sector, which has been hit by the slowdown in government spending as a result of oil revenue weakness. Housing and small business are major beneficiaries...

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Government | Wednesday 13 December, 2017 6:00 am

Citizens’ Fund: First deposit of allowance on Dec. 21

The government will make the first deposit of monetary allowance for the beneficiaries of the Citizen’s Account Program on Dec. 21, it was announced. This follows the approval of the policies of the program by the Council of Ministers on Tuesday. The policies include details of...

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Government | Tuesday 12 December, 2017 12:46 pm

US chain AMC signs deal to build and operate movie theaters in Saudi Arabia

Giant US cinema chain AMC Entertainment has signed a deal to build and operate movie theaters in Saudi Arabia after the Kingdom lifted a decades-old ban. The deal, announced by AMC in a statement and confirmed by Saudi state media on Tuesday, will see the company form a joint venture with...

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Government | Tuesday 12 December, 2017 5:32 am

King Salman Patronizes the King Khalid Prize 2017

Custodian of Two Holy Mosques King Salman bin Abdulaziz patronized in Riyadh on Monday the King Khalid Prize 2017 honoring ceremony, reported the Saudi Press Agency. He was received At the venue by Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region; Prince Faisal bin Khalid...

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Government | Monday 11 December, 2017 8:00 am

220 dignitaries arriving for Umrah as King’s guests

Some 220 Muslim dignitaries will arrive in Madinah on Wednesday heralding the Custodian of the Two Holy Mosques Guests Program for Umrah this year. Minister of Islamic Affairs, Call and Guidance, General Supervisor of the Guests Program for Umrah Sheikh Saleh Al Alsheikh the program has...

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Government | Monday 11 December, 2017 6:30 am

Custodian of the Two Holy Mosques Receives British Chancellor of Exchequer

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace here yesterday British Chancellor of Exchequer Philip Hammond . During the meeting, they reviewed bilateral relations, especially in economic fields and ways to further develop them in line...

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Government | Saturday 9 December, 2017 3:13 pm

Dubai Customs wins “Best Customs Department in 2017” Award

Dubai Customs was awarded “Best Customs Department in 2017” at the Excellence Transport Awards 2017, presented by Dubai Airports and held for the first time in Dubai on 4th December under the auspices of HH Sheikh Ahmed bin Saeed Al Maktoum, President, Dubai Civil...

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Government | Saturday 9 December, 2017 12:22 pm

Lord mayor sees Saudi Vision 2030 as opportunity for post-Brexit UK

The UK is looking to strengthen economic ties with the Gulf during a visit by Charles Bowman, the new lord mayor of the City of London, to Saudi Arabia and the UAE next week. Speaking to journalists on Friday ahead of the visit between Dec. 10 and 13, Bowman outlined objectives to advance UK...

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Government | Friday 8 December, 2017 1:34 pm

5% VAT on money transfer fee

Money transfer charges will increase from Jan. 1 as 5% Value Added Tax (VAT) will be levied on money transfer fees, according to the General Authority of Zakat and Tax (GAZT), which is responsible for managing the implementation, administration and enforcement of VAT in Saudi Arabia in close...

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