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February 26, 2022
The Saudi Ministry of Justice has launched debt statement e-services through the Najiz.sa portal that deals with debt acknowledgments, debt waivers, and the acknowledgment of debt repayments.E-services are part of the digital transformation and development promoted by the Saudi Ministry of Justice in diverse sectors.The debt acknowledgment service enables the client (the borrower) to certify...
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Approved in 2020, the Saudi mining law will enable foreign investors easier access to the under-developed market in the Kingdom.The law was formed to facilitate the process of obtaining licenses and attract investors to the sector by reducing administrative discretion, bureaucracy, and other possible hurdles.The Ministry of Industry and Mineral Resources had advisory sessions with...
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The economy of Saudi Arabia expanded 6.8 percent in the fourth quarter of 2021, maintaining the speedier pace of annual growth in almost a decade as high oil prices boost the kingdom’s income and drive its recovery from COVID-19.According to preliminary estimates released by the General Authority for Statistics, the non-oil gross domestic product gained...
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Saudi Arabia needs to invest in its digitally-ready population to leapfrog into the digital economy, according to a top executive at Huawei.According to Saudi Arabia’s General Authority for Statistics, 69 percent of the population is 35 years old or younger.Safder Nazir, senior vice-president of digital industries at Huawei Middle East, said that “What you’ve got...
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The Ministry of Commerce and Saudi Authority for Intellectual Property are winning the battle against counterfeiting and fraud in the Kingdom, the authority’s spokesman said.A recent high-profile case related to a social media influencer, who sells counterfeit goods, revealed the need to fight fraud in the Kingdom.The influencer, who built a large audience of followers...
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Digital Saudi is an interactive platform for the beneficiaries, such as investors, entrepreneurs, citizens, residents, and government agencies, to know about all digital government services.The second day of the “Digital Saudi” Exhibition witnessed the launching of 9 new government digital services for seven government agencies.The launches started with (Life Experiences — with two aspects of...
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The fourth quarter of 2021 recorded a 400% jump in the issuing investment licenses compared to the same quarter of the previous year, deputy minister for economic affairs and investment studies at the Ministry of Investment, Dr. Saad Alshahrani said.On the sidelines of the Invest Saudi Forum at Expo Dubai 2020, Dr. Alshahrani explained that...
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The Saudi Premium Residency Center is taking a new move to allow Premium Residency holders to benefit from education and health services.(Special Privilege Iqama) holders will soon enjoy the exclusive rights of health and education sectors the same as Saudi citizens.The Saudi Premium Residency Center (PRC) plans to make new amendments in the Premium Residency...
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Saudi Shoura Council approves draft law to protect the Saudi flag, emblem, and national anthem. The proposed draft will now go to the Saudi Cabinet for approval.Saudi Arabia’s flag law dates back to 1973, but there is no law regarding the use of the royal emblem or anthem.The new draft law will target any misuse...
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Saudi Arabia signed off a law change on privatization to boost investments. The kingdom is now to consider fairness, transparency, and feasibility before giving the green light to private-public partnerships.The National Center for Privatization and PPP have approved a new set of rules which regulate how to reach great deals in this sector.Being published in...
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