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The government of Saudi Arabia approved plans to issue tourist visas for the country, reported Al-Watan newspaper. During the first phase of its implementation, visas will only be made available to tour groups through authorized tour operators. The Public Investment Fund (PIF) would play a key role in promoting tourism in the Kingdom and has […]

Saudi Arabia has shown a huge progress in corruption control in the World Bank Indicator report, according to a statement published by National Anti-Corruption Commission (Nazaha). The Kingdom advanced 18 points in the corruption control indicator in 2016, in comparison to 2015 making this the country’s most significant improvement in the World Bank indicator report […]

The auction launched by Riyadh Metro on Sunday invited private companies to name and advertise in select metro shops, which is expected to open in 2019. Local and international companies licensed in the Kingdom will be eligible to bid for naming and advertising rights at 10 stations, cited officials from Arriyadh Development Authority (ADA), who […]

As Value Added Tax (VAT) is about to take effect in the Kingdom from January 2018, the official VAT twitter account announced that housing rents and government funded services are exempted from VAT levies. Few of the governmental services cleared from VAT include passport and driver’s license renewal. The Kingdom will be the first GCC […]

Saudi Arabia will host the first World Boxing Super Series Cruiserweight final in May next year as well as its first-ever worldwide motorsport event, Race of Champions, featuring stars from Formula One, World Rally Championship, IndyCar, NASCAR, sportscars and touring cars competing against each other. For the very first time in the event’s 30-year history, […]

Public Investment Fund (PIF) has announced the establishment of National Energy Efficiency Services Co., with a capitalization of SR1.9 billion. According to a statement by the Saudi Press Agency(SPA), the new company has been established to stimulate the growth of the Kingdom’s energy efficiency industry, in line with the objectives of Vision 2030 to diversify […]

Saudi Arabia’s Ministry of Commerce and Investment issued 87,575 commercial registrations for businesswomen by the end of 1438H. The Ministry of Commerce and Investment has undertaken a wide range of programs recently to boost women’s contribution to the National Economy, a giant leap to the realization of Vision 2030. Business licenses were issued in several […]

Saudi Arabia aims to supply electricity to Ethiopia through its grid in Egypt within the next three years, revealed Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih. Saudi Arabia’s interconnection with Egypt is expected to generate 3,000 megawatts in 2020. Moreover, through its planned grid in Turkey, the Kingdom also targets European countries in […]

General Organization of Social Insurance (GOSI) reports for the first half of 2017 revealed that the number of Saudi female engineers registered with GOSI outnumbered their non-Saudi counterparts. While the number of Saudi engineers reached 17,415, the non-Saudis stood at 2,843. Out of 2.8 million engineers registered with GOSI, 92 percent are non-Saudis. In a […]

Kingdom’s International brand value escalated by 19 percent making it the second most valuable brand in the Middle East after the UAE, says research published by London-based business-valuation consultancy Brand Finance. With a brand value of $575 billion, Saudi Arabia ranks 22nd globally whereas USA tops the chart with a brand value of $21.1 trillion. […]