By Innovation-sa on December 3, 2017 in News

Saudi Arabia’s oil giant Saudi Aramco and chemical firm Saudi Basic Industries Corp (SABIC) have signed a memorandum of understanding (MoU) to establish an innovative crude oil to chemicals (COTC) complex worth $20 billion. The planned COTC, which is expected to be the largest project in the world to convert crude oil to chemicals, and the first […]

Read more

By Innovation-sa on December 3, 2017 in News

The Ministry of Commerce and Investment said that there has been an increase of 93 percent in tasattur cases under probe in the Kingdom in 2017. As many as 781 cases of expatriates doing business in the names of Saudis for a fixed fees were brought to the attention of the attorney general before going […]

Read more

By Innovation-sa on December 3, 2017 in News

The Ministry of Labor and Social Development announced that gold and jewellery shops employing expatriates will be imposed a fine of SR 20,000 for each non-Saudi employee after December 3, 2017. Khaled Aba Al-Khail, spokesman of the Ministry of Labor and Social Development, said permanent inspectors will be appointed in malls and markets to track […]

Read more

By Innovation-sa on November 27, 2017 in News

With the Saudization of gold and jewellery shops to commence in 5 days, hundreds of shops are at a threat of closing down soon. The Ministry of Labor and Social Development issued an order last month demanding gold and jewellery shops to adhere to the Minister’s decision issued earlier in 2007 to nationalize gold and […]

Read more

By Innovation-sa on November 27, 2017 in News

With the introduction of Value Added Tax (VAT) from January 1, 2018 the Kingdom will witness a sudden increase in price of goods and services. Khalid Al-Zaidi, a financial analyst and director of Jeddah based Al-Zaidi Financial Education Center, said the increase in price followed by a drop in demand for goods will affect businesses […]

Read more

By Innovation-sa on November 27, 2017 in News

Saudi Arabia’s Council of Cooperative Health Insurance warned hospitals and health facilities against demanding a cash payment from insured patients. The Council received several complaints against hospitals that refused to accept insurance claims and forced patients to pay in cash. Yasser bin Ali Almuaarek, spokesman for the Council of Cooperative Health Insurance, reminded that this […]

Read more

By Innovation-sa on November 22, 2017 in News

The Communication and Information Technology Commission (CITC) announced that entering ID number or Iqama number along with prepaid card number is not required for recharging pre-paid mobile phones from November 15 onwards. Earlier in 2012, CITC made it necessary to enter iqama number while charging, recharging and transferring balance via prepaid cards. Its aim was […]

Read more

By Innovation-sa on November 22, 2017 in News

Saudi Arabia will no longer allow immediate test for driving license applicants without attending training sessions, announced Brig. Gen. Mohammed Abdullah Al-Bassami, director general of Traffic Department. Anyone wishing to obtain a new driving license should attend a 30-hour, 90-hour or 120-hour training course depending on their level of proficiency. Applicants with a good driving […]

Read more

By Innovation-sa on November 22, 2017 in News

With the end of an eight-month long amnesty in Saudi Arabia, the Ministry of Interior launched a massive anti-illegal residency campaign starting from November 15, 2017. About 7,500 illegal residents and violators of labor laws were arrested by the Saudi security forces on the first day of the operation. Earlier this year, as part of […]

Read more

By Innovation-sa on November 22, 2017 in News

The General Directorate of Passports (GDP) clarified through its official twitter account that it would offer a grace period of 60-days for residents to leave the country after the issuance of their Final Exit Visas. Moreover, despite the end of the “Nation without a Violator” campaign, this grace period can be utilized by residents with […]

Read more
Comments