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  • Tawaref series: What you need to know about Saudi specialised licences

    After obtaining one of the 13 standard Licences (commercial, service, transport, etc), a business is legally registered in Saudi. However, they may be required to apply for additional Licences due to the nature of their business activities before they start operating. These additional permits are referred to as special Licences, as they are only needed under specific industry conditions. You can browse the many types of special Licences on the Saudi Business Centre website, where each Licence is classified by sector.

  • 2 firefighters die while battling huge blaze that ravages Jeddah International Market

    Two firefighters of the Civil Defense died while battling the huge blaze that devastated most parts of the Jeddah International Market, one of the oldest markets in the governorate. Members of the Civil Defense forces were able to extinguish the fire that broke out in the market, located close to Madinah Road in Al-Rawdah district, at around 6:00 on Sunday morning.

  • Saudi Arabia Claims Third Place in World Bodybuilding Championship

    The national bodybuilding team has made history by securing a remarkable third-place finish at the World Bodybuilding Championship. The competition, held in Kish Island, Iran, from September 23-28, saw participation from 65 nations. Saudi athletes showcased their dominance by clinching 27 medals, including seven gold, six silver, and 14 bronze. The gold medalists were Yousef Al-Naimi, Ahmed Al-Tasan, Mubarak Al-Zanan, Khaled Khan, Talal Househ, Hussein Al-Hammadi, and Ahmed Maghrabi.

  • Saudi FDI Struggles Cast Shadow Over Crown Prince’s Plans

    Inflows amounted to $9.7 billion in the first six months of 2024, according to data released Monday by the Saudi General Authority for Statistics. That’s just a touch higher than the prior year, when Saudi Arabia had its worst first-half haul since 2020. Still, FDI picked up 14.5% in the second quarter from the first, to $5.2 billion.

  • Saudi: Fourth Milling’s IPO registers $27.25bln order book; final offer price unveiled

    Fourth Milling Company has completed the institutional bookbuilding process, setting the final offer price for its initial public offering (IPO) on the Saudi Exchange (Tadawul) at SAR 5.30 per share. The IPO implied a market cap of SAR 2.86 billion ($763.20 million) at listing after the price range was set between SAR 5 and SAR 5.30. The institutional bookbuilding process generated an order book of around SAR 102.20 billion ($27.26 billion) and was 119 oversubscribed. Meanwhile, the total offering size hit SAR 858.6 million ($228.96 million)

  • Robot Dogs, UGVs and Apaches Downing Drones with Hellfires at the US-Saudi Counter-UAS Exercise

    This year’s iteration of the Red Sands exercise between the U.S. and KSA (Kingdom of Saudi Arabia), in the CENTCOM (Central Command) area of responsibility, saw the participation of robot dogs, AH-64 Apache helicopters firing Hellfire missiles to shoot down drones, UGV (Unmanned Ground Vehicles) and a quadcopter for tactical resupply. The exercise, which focuses on counter-UAS (Unmanned Aerial Systems) defense, was held earlier this month and also saw the participation of the U.S. Army’s DEVCOM-AC (Development Command-Armaments Center), which arranged the presence of some new advanced systems.

  • Intersec Saudi Arabia: A safer tomorrow for Saudi Arabia

    The sixth edition of Intersec Saudi Arabia will be held in association with the High Commission of Industrial Security and Saudi Civil Defence. Organised by 1st Arabia under the license of Messe Frankfurt, the event has seen substantial growth year-on-year, with the 2024 edition set to cover 25,000 square metres of exhibition space – a 50% overall increase from the previous year. This expansion is a direct response to the overwhelming demand from exhibitors and the anticipated 14% increase in visitors, with over 17,000 industry professionals expected to attend.

  • Commentary: The War That Would Not End

    The administration faced an impossible situation, and for nearly a year, it has somehow managed to forestall a regional expansion of the war. But it has yet to find a way to release the hostages, bring the fighting to a halt, or put a broader peace process back on track. That makes this history an anatomy of a failure—the story of an overextended superpower and its aging president, unable to exert themselves decisively in a moment of crisis.

  • Aster’s Gulf Unit Eyes $250 Million Health-Care Deals for Saudi Expansion

    Aster DM Healthcare Ltd.’s newly-hived off Gulf entity is considering acquiring assets worth as much as $250 million in a bid to expand its footprint in Saudi Arabia. The deals are likely to be for medical centers and hospitals and completed in the next three to five years, said Alisha Moopen, managing director and group chief executive officer of Aster’s Gulf Cooperation Council unit.

  • Who were the 7 high-ranking Hezbollah officials killed over the past week?

    Lebanon’s most powerful military and political force now finds itself trying to recuperate from severe blows, having lost key members who have been part of Hezbollah since its establishment in the early 1980s. Chief among them was Nasrallah, who was killed in a series of airstrikes that leveled several buildings in southern Beirut. Others were lesser-known in the outside world, but still key to Hezbollah’s operations.