RIYADH — Saudi Arabia’s General Real Estate Authority (REGA) has clarified the property transaction tax rules for foreign buyers, confirming that the standard 5% real estate transaction tax applies to all property transfers made by both Saudi and non-Saudi buyers…
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RIYADH — Foreign direct investment (FDI) inflows into Saudi Arabia reached SR26.6 billion ($7 billion) during the first quarter of 2026, marking a 2.4% increase compared to the same period last year, according to the latest economic and investment indicators…
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RIYADH — The General Authority for Statistics (GASTAT) has launched a nationwide Digital Economy Survey aimed at identifying businesses that depend on digital technologies and measuring the role of digital inputs across Saudi Arabia’s economy. The survey will examine establishments…
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JEDDAH-The National Center for Meteorology (NCM) has forecast continued rain and thunderstorms across parts of Jazan, Asir, Al Baha, and Makkah regions through Saturday, based on data from the Saudi Numerical Model. According to the latest forecast, light rain will…
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JEDDAH-Earth will reach aphelion—the farthest point from the Sun in its yearly orbit—on Monday at 8:30 p.m. Makkah time, according to the Jeddah Astronomical Society. At aphelion, Earth will be about 152 million kilometers away from the Sun. Despite this…
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RIYADH — Saudi Arabia has introduced a comprehensive regulatory framework governing foreign ownership of real estate, establishing clear requirements for individuals, companies, and non-profit organizations while launching a unified digital system to manage property transactions. The executive regulations for the…
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RIYADH — Saudi Arabia’s Tawakkalna platform expanded its digital ecosystem in June by introducing 160 new services through partnerships with 40 government, private, and non-profit organizations, further enhancing access to essential services for citizens and residents. The latest expansion is…
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RIYADH — Saudi Arabia will showcase its progress under Vision 2030 during the 2026 United Nations High-Level Political Forum on Sustainable Development (HLPF), taking place in New York from July 7 to 15. Held under the theme “Advancing sustainable, inclusive,…
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RIYADH — Saudi Arabia’s tourism and hospitality sector continued its strong growth in the first quarter of 2026, with the number of licensed hospitality facilities increasing by 22.7% compared to the same period last year, according to the General Authority…
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JEDDAH — Saudi Arabia is set to experience another spell of intense summer heat, with temperatures expected to climb as high as 48°C in several regions over the coming days. According to the National Center for Meteorology (NCM), extremely hot…
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