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  • One commercial registration is enough for a firm throughout Saudi Arabia

    The law facilitated the conduct of commercial business by canceling the issuance of sub-registrations for companies and establishments, and then sufficing with one commercial register at the Kingdom level, including all the activities of the establishment, which contributes to reducing the financial burdens on these firms.

  • HALO Space to Build Final Assembly Facilities in Saudi Arabia, Prepares for Test Flight

    “The decision to establish industrial capabilities like final assembly, testing facilities, a spaceport, and an immersive dome experience in Saudi Arabia reflects the Kingdom’s favourable business environment,” Mira said. “We believe Saudi Arabia is well-positioned to lead the near-space sector, and we’re excited to deepen our partnership as we push forward with our mission.”

  • UAE, Saudi consumer spending trends revealed

    The eighth edition of the VML Shopper Report was released this week, revealing data-based predictions of how shopping habits will evolve in the years to come. The report surveyed over 30,000 consumers from 20 countries, two of which include the UAE and Saudi Arabia (KSA). The report finds that consumers’ affinity for online shopping has waned globally, with many now craving a more balanced retail landscape. Another key finding is that brick and mortar retail must evolve to offer a better integrated omni-channel shopping experience.

  • Saudi Foreign Minister Arrives in Jordan

    Prince Faisal bin Farhan, Minister of Foreign Affairs, arrived today in Amman, Jordan, to attend the meeting of the ministerial committee from the Arab-Islamic summit on Gaza Strip developments. The meeting of the ministerial committee in Amman comes to coordinate joint Arab and Islamic efforts during the high-level week of the 79th session of the United Nations General Assembly, which will be held in New York later this month.

  • Saudi Arabia will not recognize Israel without Palestinian state, says Crown Prince

    Saudi Crown Prince Mohammed bin Salman on Wednesday said that Saudi Arabia would not recognize Israel without a Palestinian state and strongly condemned the “crimes of the Israeli occupation” against the Palestinian people. “The Kingdom will not stop its tireless work towards the establishment of an independent Palestinian state with East Jerusalem as its capital, and we affirm that the Kingdom will not establish diplomatic relations with Israel without that,” the Crown Prince, known as MBS, said.

  • UAE President to begin official visit to US on Monday

    President His Highness Sheikh Mohamed bin Zayed Al Nahyan will start an official visit to the United States of America on Monday, the first since assuming the Presidency of the UAE.

  • Saudi property market grows despite flurry of new units

    A combined 27,500 units came onto the market from January to June in Saudi Arabia’s two largest cities, bringing the total residential stock to about 1.5 million units in the capital and to 891,000 in Jeddah, a new report from the real estate consultancy JLL said. Despite this, residential sales prices jumped 10 percent over a year in Riyadh, with rents growing by 9 percent. In Jeddah, prices were up 5 percent and rents up 4 percent over the first half of 2023, the report said.

  • NestlĂ© establishes its first food manufacturing plant in Saudi Arabia

    Nestlé agrees plans for its first food manufacturing plant in Saudi Arabia with investment from the Saudi Authority for Industrial Cities and Technology Zones (Modon). The project aims in its initial stages to produce children’s food and launch an automated production line with modern technologies for packaging and filling materials operated by highly skilled and qualified national personnel. The 270 million SAR (US$72 million) investment is intended to boost local food production. The agreement, signed on September 15, 2024, in Riyadh, allocates a 117,000 SQM plot in Jeddah city’s Third Industrial City for the facility.

  • Iran Executed at Least 853 People in 2023

    At least 853 people were executed in Iran in 2023, according to a report by human rights advocacy group Amnesty International. This is up 170 percent from 2021, when at least 314 people were killed, and marks the highest number of deaths recorded in eight years. These figures are likely low estimates due to the Iranian authorities not publishing such data publicly.

  • Iran’s president insists Tehran wants to negotiate over its nuclear program

    The comments by President Masoud Pezeshkian, in response to a question by The Associated Press at his first news conference, underlines a campaign promise he made to try to see international sanctions on the Islamic Republic lifted. However, it remains unclear just how much room for negotiation Pezeshkian will have — and just who will be in the White House come next year.