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  • Saudi Arabia issues nearly 522K commercial records in 2024

    Saudi Arabia experienced a 60 percent increase in commercial records in 2024, with a total of 521,969 issued, compared to the previous year, according to the Ministry of Commerce. The number of commercial records granted in 2023 was 368,038, the ministry said in a statement outlining its achievements for 2024. Last year, there were 368,038 registrations from establishments and 153,931 from companies, bringing the total number of active commercial records in the Kingdom to 1,606,169.

  • Anthony Hopkins Attends Joy Awards Alongside Matthew McConaughey

    Anthony Hopkins made his first public appearance over the weekend since recently losing his home in the Pacific Palisades fire by traveling to Saudi Arabia. The legendary Oscar-winning actor, who is also a composer, hosted a gala concert featuring his pieces played by Britain’s Royal Philharmonic Orchestra. “The theme of this concert is that life is a long farewell to the bitter,” Hopkins, 87, said at the start of the concert, after being introduced by Morgan Freeman. “During this time, and after all the efforts made, whether in Wales or California, we believe that music can be a path to inner peace,” the two-time Oscar winner – for “The Silence of the Lambs” and “The Father” – added.

  • New Honeywell centre cements Saudi Arabia’s position in global cybersecurity market

    Honeywell recently launched a new centre in Saudi Arabia’s Jubail to provide localised cybersecurity services for critical industrial sectors in the Kingdom, according to a press release. Honeywell Himaya Center, which was announced at the In-Kingdom Total Value Add (iktva) Forum and Exhibition 2025 in Dhahran, will support Saudi Arabia’s digital transformation and strengthen its position as a key player in the global cybersecurity market.

  • Sotheby’s Reveals Linup For Saudi Auction

    Titled “Origins“, the two-day evening auction will open on February 8th. It will occur at the historic town of Diriyah, a UNESCO heritage site – though the exact location hasn’t been shared. Over 100 works would be sold in the auction. Before it, between February 1st and 8th, the works would be on public display at both enclosed spaces and open sites around Diriyah.  The artworks include works by Picasso and Warhol. There would be installations like one by James Turrell (est. $120k -$180k) and Sidle by Antony Gormley (est. 700k -$800k). Sotheby’s is also paying special focus to surrealist art. These include L’État de veille by Rene Magritte (est. $1 million -$1.5 million) and La Légende égyptienne by Paul Delvaux (est. 700k).

  • Saudi’s Al-Hilal offers record salary to sign Mohamed Salah

    According to media reports, Al-Hilal is in serious negotiations with Salah to secure his transfer to the team. Saudi Arabia media revealed that Al-Hilal has offered Salah an annual salary of 150 million Saudi riyals ($32.5 million), totalling 300 million riyals ($65 million) for a two-season contract. This proposed salary far exceeds the £18 million ($22 million) that Salah currently earns at Liverpool.

  • Saudi Arabia proposes amendments to Zakat Executive Regulations for real estate projects under construction

    On 15 January 2024, Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) announced on the public consultation platform (Istitlaa), proposed amendments to Article 73 of the Executive Regulations for Zakat Collection (Executive Regulations) relating to real estate projects under construction. The ZATCA has proposed to add a new paragraph 3 to Article 73 of the current Executive Regulations addressing the zakat treatment of off-plan real estate sale projects and taking into account the nature of these projects. The deadline for receiving comments on the proposed amendments is 29 January 2025.

  • Saudi Arabia Seeks to Enhance Mining, Agricultural, and Financial Investments in Nigeria

    Leaders from Saudi Arabia’s private sector have agreed with senior Nigerian officials on a joint strategy to promote and attract Saudi investments in Nigeria, focusing on key sectors such as mining, agriculture, food products, banking services, and financial technologies. During a meeting today, President of the Federation of Saudi Chambers Hassan bin Moejeb Al-Huwaizi met with Minister of Solid Minerals of the Federal Republic of Nigeria Dele Alake and Minister of State Finance of the Federal Republic of Nigeria Doris Uzoka. The meeting was attended by Saudi investors. In his opening remarks, President Al-Huwaizi emphasized the importance of the Saudi-Nigerian Business Council in strengthening economic relations. He expressed Saudi Arabia’s interest in enhancing collaboration with Nigeria in the agriculture, livestock, and mining sectors.

  • AP photographer explains how he covered the famous Dakar Rally in Saudi Arabia’s desert

    The famous Dakar Rally being raced in the deserts of Saudi Arabia is to come to a conclusion on Friday. Associated Press photographer Christophe Ena explains who he has been capturing the off-road motorsport event frame-by-frame.

  • Saudi Arabia’s flyadeal to order ten A330neo – reports

    Saudi low-cost carrier flyadeal (F3, Jeddah International) will soon place an order for ten A330-900N aircraft, according to Reuters. As previously reported in ch-aviation, the airline had decided to place a widebody order but was undecided about the type. Aside from a single wet-leased A330-200, flyadeal has exclusively relied on Airbus narrowbodies to date. flyadeal is expected to place the order within weeks, which will also include options for another ten A330s. If placed, the order represents another blow for Boeing, whose B787-9 type was under consideration but reportedly ultimately dropped.

  • Global diesel prices spike as US hits Russia with new sanctions

    Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia's oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data. The United States imposed its toughest sanctions on Russian producers and tankers yet on Jan. 10 to curb the world's No. 2 oil exporter's revenue for its war in Ukraine. Many of the newly-targeted vessels, part of what is called a shadow fleet that seeks to circumvent Western restrictions, have been used to ship oil to India and China. Refiners in those countries have benefited from cheap Russian imports that were banned in Europe following Moscow's invasion of Ukraine.