MUST-READS

• 8 tons of hoarded onions seized in Riyadh

  The Ministry of Commerce seized eight tons of onions stored in a warehouse in Riyadh and obliged the establishment to immediately pump them to the markets. Inspection teams from the ministry raided a warehouse of a commercial establishment in southern Riyadh that hoarded more than eight tons of onions. The ministry officials directed the warehouse staff to supply them directly to the markets to meet the shortage of the product.

• 1-year jail and SR100000 fine for anyone who defaces urban heritage

  The Public Prosecution revealed that the penalty for anyone who distorts an antique or urban heritage is one year’s imprisonment and a fine of up to SR100000 or one of these two penalties. The Public Prosecution revealed in a statement that the defacing includes writing, painting, engraving, or posting advertisements on it, or setting it on fire.

• Saudi Cup 2024: Posts, jockeys, odds for world’s richest race

  The Saudi Cup will be the last of nine races Saturday at King Abdulaziz Racecourse. The scheduled post time is 12:40 p.m. EST. Shown here is the full field in which program numbers, which were assigned alphabetically, do not match the post positions in most cases. Odds shown below reflect early betting in Europe as reported by Racing Post.

• Saudi Arabia celebrates its monumental origin: Founding Day marks 3 centuries of unity and cohesion

  The royal decree heralds February as a month of reflection, celebrating the commencement of Imam Muhammad Bin Saud's reign and his pivotal role in establishing the first Saudi State. This era, beginning in the heart of the 18th century, was characterized by its commitment to the teachings of the Holy Qur’an and the Sunnah of Prophet Muhammad (peace be upon him), guiding the nation towards unity and security amidst a landscape marred by disunity and division.

• Ramadan 2024: Saudi Arabia spells out Iftar rules at Grand Mosque in Mecca

  Individual and group benefactors wishing to serve the Iftar meals during the upcoming Ramadan at Islam’s holiest site in Mecca have been requested to apply in line with specific rules. A Saudi state agency in charge of the Grand Mosque has noted that the would-be service providers will be able to select the Iftar site at the sprawling mosque electronically.

• Attracting Foreign Scholars to Saudi Arabia

  Now, it is time for Saudi Arabia to establish its own scholarship program and showcase its capabilities. Saudi Arabia possesses comparable or superior resources to many other countries, and the kingdom needs to enact a comprehensive scholarship system that would welcome foreign professionals across various fields of study. This should be done in a well-organized and strategic manner, considering universities, training institutions, and private sector companies.

• SoftBank to Create Industrial Robots for Saudi Arabia

  The robots created under the new SoftBank venture will be used for a range of manufacturing and assembly tasks and will “radically transform” the manufacturing industry. The partners will invest up to $150 million to establish a fully automated manufacturing and engineering hub in Riyadh that will serve local and global demand. Under the venture, the partners will build industrial robots based on intellectual property developed by SoftBank Group and its affiliates, according to a statement.

• Saudi Arabia unveils new tax rules for the Regional Headquarters program

  Under the RHQ Tax Rules, RHQ entities established in Saudi Arabia that meet the relevant criteria are granted a 30-year renewable tax incentive of 0% corporate income tax (CIT) and 0% withholding tax (WHT). The WHT exemption applies to the following payments the RHQ makes to nonresidents: (i) dividends; (ii) payments to related persons; and (iii) payments to unrelated persons for services that are necessary for the RHQ's activities.

• Saudi shoppers flock to take advantage of Founding Day discounts

  Various events organized by the Ministry of Culture, such as Founding Nights, Symphony of the Beginning, Path of History and Founding Village, will be held around the country until Feb. 26. Other festivities will include fireworks, traditional dancing, drone displays, live shows and military performances. A ministry statement said the events would underscore the “deep-rooted pride in national heritage, the solid bond between the citizenry and leadership, and the enduring legacy of progress and prosperity.”

• Saudi Arabia unveils Hajj media hub initiative

  Saudi Arabia plans to set up a media hub to facilitate coverage of the upcoming Hajj pilgrimage season, according to a senior government official. Saudi Media Minister Salman Al Dosary on Tuesday announced the launch of the Hajj Media Hub initiative aimed at providing a comprehensive media setting facilitating coverage of the annual congregation by local and foreign media.

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