The Saudi Arabian Monetary Agency (SAMA) has announced that it is developing an integrated payment environment to link traders, customers and service providers to complete payments through the same platform regardless of service provider. Ahmed Alkholifey, the Governor of SAMA, said that SAMA is focusing on reducing the dependence on cash circulation through continuous development […]
Read more Saudi Arabia is undertaking several measures to push reforms to boost its private sector. An investment workshop titled “The key reforms that serve investors” hosted in Dammam by the Eastern Province Chamber highlighted the improvements to existing procedures and the new initiatives that are helping to cut bureaucracy and make it easier to do business […]
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The UAE and Saudi Arabia’s relations have always known to be brotherly where both countries look forward to forming stable and profitable links for improved financial and security conditions. Both the countries do not hesitate in stepping forward towards forming more beneficial relations via meetings and gatherings. After the Saudi-UAE council’s meeting held last year […]
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Saudi Arabia’s non-conventional approach towards its businesses, human, and all other sectors have been the talk of the town ever since the launch of vision 2030. The vision does not only support a particular idea of an improved economy but also empowers the concept of improving young leaders by supporting them in leading a profitable […]
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SAGIA, also known as Saudi Arabian General Investment Authority, recently hit the news of increasing licensed investment projects by 99% last year. This is something phenomenal to have witnessed especially after the formation of vision 2030 when everything from an unstable economy to dependency on oil revenues seems to get sorted via higher investment rate. […]
Read more On the sidelines of the first official state visit of Saudi Crown Prince Muhammed Bin Salman to Pakistan, the Royal Embassy of Saudi Arabia in Islamabad announced that Saudi Arabia has reduced visit visa fees for Pakistanis substantially with effect from February 15, 2019. Under the revised plan, visit visa fee for single entry has been […]
Read more Custodian of the Two Holy Mosques King Salman launched 1,281 ambitious projects worth SR82 billion in Riyadh city and its surrounding governorates at a ceremony held at Qasr Al-Hakam in Riyadh on Wednesday. Crown Prince Muhammed Bin Salman, deputy premier and minister of defense Prince Sultan Bin Salman, chairman of the board of the Saudi Space Authority, and Prince […]
Read more Saudi Arabia’s Crown Prince Muhammed bin Salman launched a number of mega tourism projects in Al-Ula which will attract over two million visitors, contribute SR10 billion to the Kingdom’s GDP growth,and create at least 38,000 jobs by 2035. Crown Prince and the governor of the Royal Commission for Al-Ula (RCU), Prince Badr bin Abdullah bin […]
Read more The Saudi government has allocated 11.5 billion riyals to reimburse a number of companies who struggled to pay steadily increasing expatriate fees in 2017 and 2018 and waive fee hikes for few companies who were not able to pay. The labor minister Ahmed bin Suleiman Al-Rajhi noted that private companies that maintained a higher or […]
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