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Qiwa Bars Saudi Firms From Changing Activities That Breach Diversity Rules

Qiwa clarified this week that companies cannot alter their business activity if the change would violate permitted nationality diversity limits…

ZATCA Detects Multiple Tax Breaches During 61,000 Field Inspections in Second Quarter

The Zakat, Tax and Customs Authority detected failures to issue electronic invoices, collect VAT and stamp tobacco products in more…

Mabanee Defies Riyadh’s Supply Surplus With 70 Percent Pre-Leasing at the Region’s Largest Mall

Analysts are warning of rental discounts and a supply glut in Saudi retail, and the incumbent's shares are sliding under…

Royal Commission for AlUla Opens 2026-2027 Farming Season Centered on Date Output and Resource Efficiency

The Royal Commission for AlUla launched the 2026-2027 Khayrat AlUla agricultural season on July 11, 2026, supported by annual production…

Fitch Maintains Saudi Arabia A+ Rating Citing Strong Fiscal Buffers and Resilience

Fitch Ratings affirmed Saudi Arabia's long-term foreign-currency issuer default rating at A+ with a stable outlook on July 11, 2026,…

Saudi Communications Minister Holds Tech Meetings in Shenzhen to Advance AI Robotics Cooperation

Saudi Minister of Communications and Information Technology Abdullah Al-Swaha conducted a series of high-level meetings with leading Chinese technology firms…

Saudi Regulator Refers Former Accountant and Two Firms to Public Prosecution for License Violations

The Saudi Organization for Chartered and Professional Accountants referred a former certified public accountant and two commercial establishments to the…

Ministry Launches SR1.67 Billion Municipal and Housing Projects in Al-Baha

On July 10, 2026, the Ministry of Municipalities and Housing launched projects valued at more than SR1.67 billion in Al-Baha,…