RIYADH — Foreign investment in Saudi Arabia’s private markets climbed to SR20 billion in 2025, accounting for nearly 60 percent of all private investments in the Kingdom, according to a new report released by the Saudi Venture Capital Company (SVC).…
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RIYADH: The Zakat, Tax and Customs Authority (ZATCA) has announced that the Minister of Finance has approved a six-month extension of the initiative that waives certain tax fines and financial penalties for taxpayers covered by the Kingdom’s tax regulations. The…
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RIYADH: Saudi Arabia’s Ministry of Human Resources and Social Development (HRSD) has extended the deadline until the end of 2026 for employers to regularize the status of expatriate workers whose work permits have been expired for more than 12 months.…
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RIYADH: Saudi Arabia’s unemployment rate fell to 6.4 percent during the first quarter of 2026, with unemployment among Saudi women declining to 9 percent, according to the latest Labor Force Survey released by the General Authority for Statistics (GASTAT). The…
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RIYADH: Dust-raising winds are forecast to affect several regions of Saudi Arabia from Tuesday through the middle of next week, with some areas expected to experience significantly reduced or near-zero horizontal visibility, according to the National Center for Meteorology (NCM).…
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RIYADH: Saudi Arabia has officially implemented a 30 percent Saudization requirement for engineering professions in the private sector, effective Tuesday, June 30, 2026. The Ministry of Human Resources and Social Development (HRSD), in partnership with the Ministry of Municipalities and…
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RIYADH: Saudi Arabia has been ranked the safest country among G20 nations, according to a report released by the General Authority for Statistics (GASTAT). The ranking is based on data submitted by countries to the United Nations Sustainable Development Goals…
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RIYADH: The Ministry of Tourism has unveiled the AI Tourism Vision, a new strategic initiative aimed at advancing the tourism sector through artificial intelligence and digital transformation. The initiative seeks to enhance visitor experiences, improve operational efficiency, support investors and…
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RIYADH: Saudi Arabia’s services exports reached SR71.3 billion during the first quarter of 2026, with travel services remaining the largest contributor, generating SR44.3 billion, according to the latest report issued by the General Authority for Statistics (GASTAT). GASTAT reported that…
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RIYADH: The General Directorate of Passports has advised Saudi citizens planning to travel abroad to take proper care of their passports and ensure they remain secure throughout their journeys. The directorate urged travelers to protect their passports from loss or…
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