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  • Saudi source denies reports that commerce minister met Israeli counterpart

    An official Saudi source denied on Monday allegations circulating on social media platforms regarding a meeting between Majid Al-Qasabi, Minister of Commerce, and an Israeli occupation official, Saudi Press Agency reported. The same source said in a statement carried by SPA that the video circulated was while Al-Qasabi was standing with his Nigerian counterpart, prior to the opening of the thirteenth Ministerial Conference of the World Trade Organization in Abu Dhabi. “The individual shook (the Saudi minister’s) hand and then was introduced, without (Al-Qasabi’s) prior knowledge,” the source told SPA.

  • adidas Saudi targets massive expansion, 100 stores, partnerships with Al Nassr, Saudi Pro League, Al Ahli

    Adidas is currently executing an aggressive expansion plan with new partnerships and retail stores in Saudi Arabia, Bilal Fares, General Manager of EMC revealed in an exclusive interview with Arabian Business. Recognising the growth in the consumer market in line with Saudi Vision 2030, Fares said, “This growth trajectory reflects our dedication to expanding our presence and enhancing consumer engagement within Saudi Arabia.” He highlights this to be an “exciting time” for the brand.

  • Israeli industry minister meets Saudi counterpart at WTO talks in UAE

    Israeli Economy and Industry Minister Nir Barkat met his Saudi counterpart on the sidelines of a World Trade Organization (WTO) meeting in Abu Dhabi on Monday, voicing confidence the countries can "make history together", Barkat's spokesperson said. The photographed meeting with Saudi Commerce Minister Majid bin Abdullah al-Qasabi was a rarity given the lack of formal relations between the countries, though the United States has sought to bring them closer.

  • How to start a Company in Saudi Arabia

    Saudi Arabia has been one of the booming investment grounds that allow business investors to step forward and form a business entity

  • Al Nassr advances to AFC Champions League quarter-finals

    In a riveting Round of 16 second leg at Al Awwal Park on Wednesday, Al Nassr secured their spot in the AFC Champions League 2023/24 quarter-finals with a 2-0 victory over Al Fayha. The win sets up a highly anticipated clash with the United Arab Emirates' Al Ain FC for a place in the semi-final.

  • Late own goal takes Al-Ittihad into all-Saudi Asian CL quarters clash

    Toma Tabatadze's late own goal spared Karim Benzema's blushes as the defender gifted Saudi Arabia's Al-Ittihad a 2-1 win over Navbahor of Uzbekistan on Thursday to set up an Asian Champions League quarter-final meeting with compatriots Al-Hilal. The French striker headed Jamshid Iskanderov's free kick into his own net in the 25th minute to give the visitors the lead in Jeddah, with the teams going into the tie level after a scoreless draw in the first leg last week.

  • Saudi Media Ministry and Google partner for digital shift

    The Ministry of Media in Saudi Arabia and Google have announced a strategic collaboration to support the digital transformation of the media sector in the Kingdom. The announcement, which was made during the 3rd Saudi Media Forum, coincided with the declaration of Minister of Media Salman Al-Dosary that 2024 is the year of media transformation in Saudi.

  • 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 fund-backed firm partners with Chinese surveillance maker

    Alat, a newly formed entity owned by Saudi Arabia's Public Investment Fund (PIF), and Dahua Technology, one of China's biggest surveillance equipment makers, will manufacture surveillance hardware in Saudi Arabia, Alat's new CEO announced at an event in Riyadh. The joint venture will also manufacture hardware, such as sensors, used in so-called "smart cities" and establish a research and development centre in the kingdom.

  • Saudi fund-backed firm partners with Chinese surveillance maker

    A subsidiary of Saudi Arabia's sovereign wealth fund with ambitions to develop sophisticated technology on Tuesday announced a $200 million partnership with a Chinese surveillance technology company previously sanctioned by the United States. Alat, a newly formed entity owned by Saudi Arabia's Public Investment Fund (PIF), and Dahua Technology, one of China's biggest surveillance equipment makers, will manufacture surveillance hardware in Saudi Arabia, Alat's new CEO announced at an event in Riyadh.