Government | Thursday 25 January, 2018 4:00 am

Al-Jubeir: Mohammed bin Salman wants Saudi Arabia ‘a powerful state’

Saudi Foreign Minister Adel al-Jubair said on Wednesday that the Crown Prince Mohammed bin Salman wants to turn Saudi Arabia into a normal and powerful country.   "The world is not used to seeing Saudi Arabia moving quickly and boldly," he said during a conference held at...

More Details

Business & Money | Thursday 25 January, 2018 2:00 am

Cash settlements to help needy Saudi families

Cash settlements obtained from people detained in Saudi Arabia’s crackdown on corruption will help to finance a SR50 billion ($13.3 billion) package to help citizens cope with the rising cost of living, Finance Minister Mohammed Al-Jadaan said on Wednesday. The package was announced by ...

More Details

Government | Thursday 25 January, 2018 12:55 am

Shoura approves commercial mortgage law

 The Shoura Council on Wednesday approved the draft commercial mortgage law.   Yahya Al-Samaan, assistant president of the council, said that the law, which consists of 47 articles, aims at regulating commercial mortgage contracts.   It also protects the rights of the...

More Details

Business & Money | Wednesday 24 January, 2018 1:15 pm

FedEx Earns No. 9 Spot on the FORTUNE World’s Most Admired Companies List

FedEx Corp. (NYSE: FDX) is once again ranked among the most admired companies in the world, according to a survey published in FORTUNE magazine.   The annual “World’s Most Admired Companies” report released today lists FedEx as the No. 9 ranked company overall. The...

More Details

Environment & Energy | Wednesday 24 January, 2018 8:00 am

Bahri welcomes New Year with addition of ‘Kassab’ as its first VLCC in 2018

Marking a strong start for 2018, Bahri, a global leader in transportation and logistics, today accepted the delivery of its first Very Large Crude-oil Carrier (VLCC) this year ‘Kassab’ to enhance the company’s maritime offering and increase its market share in crude oil...

More Details

Government | Wednesday 24 January, 2018 6:27 am

Jazan port to take delivery of goods for Yemen

Saudi Arabia will facilitate Jazan port to receive shipments of commercial goods, which are being sent under the humanitarian package to alleviate the suffering of the Yemeni people. “The Kingdom will take all the required organizational, logistical and financial measures in this...

More Details

Government | Wednesday 24 January, 2018 5:58 am

First VAT returns to be filed before February end: GAZT

The General Authority for Zakat and Tax (GAZT) has reminded all enterprises registered in value added tax (VAT) whose supplies of goods and services exceed SR40 million annually to file their tax returns on a monthly basis, as stipulated by the VAT Law. As such, enterprises in this category...

More Details

Government | Tuesday 23 January, 2018 7:35 am

Saudi Shoura wants Customs Department run as independent authority

A Shoura Council committee has called for the transfer of the Saudi Customs Department to an independent public authority, financially and administratively. This came within a series of recommendations proposed by the Financial Committee in its report based on the annual report of the Customs...

More Details

Business & Money | Tuesday 23 January, 2018 7:23 am

‘Safety of your home is the safety of your family’

Jeddah Governor Prince Mishal Bin Majed launched on Monday the ‘safe mobile home’ initiative to make the public aware about home safety requirements. The initiative by the General Department of Civil Defense in Jeddah governorate is titled “Safety of your home is the safety of...

More Details

Business & Money | Tuesday 23 January, 2018 6:22 am

Pakistani filmmaker eyes Saudi Arabia for future projects

In a bid to promote Saudi-Pakistani relations in the film and entertainment industry, the premiere showing of the Pakistani movie “Parchi” was organized at a makeshift cinema hall here on Saturday night. Guests from the film fraternity of the two countries and diplomats attended the...

More Details