Okaz/Saudi Gazette
JEDDAH — There has been a steady decline in the volume of remittance by foreign workers amounting to a total of SR31.33 billion (20 percent) over the last four years.
The figures came to light as Okaz/Saudi Gazette was monitoring (...)
Okaz/Saudi Gazette
JEDDAH – Saudi higher authorities have directed all the Vision 2030 Realization Program Committees to submit an action plan within 90 days to the Strategic Committee at the Council of Economic and Development Affairs (CEDA) to (...)
Okaz/Saudi Gazette
JEDDAH — The imports of tobacco had dropped by 43.78 percent in 2018 to reach SR1.76 billion from SR3.14 billion in 2017, according to official statistical reports.
The weight of the imported tobacco dropped by about 27.27 percent (...)
Okaz/Saudi Gazette
JEDDAH — The Ministry of Labor and Social Development will levy a fine of SR 3,000 per staff member on any private establishment for not paying its employees monthly salaries on time.
Sources in the ministry said the establishment (...)
Okaz/Saudi Gazette
JEDDAH — The Ministry of Commerce and Investment has stopped issuing permits for installment sale in Saudi Arabia.
The ministry has also asked the Saudi Arabian Monetary Authority (SAMA) to closely monitor any violations for a (...)
Okaz/Saudi Gazette
JEDDAH — Minister of Commerce and Investment Majed Abdullah Al-Qassabi has appointed six members, including two women, to the board of directors of the Jeddah Chamber of Commerce and Industry (JCCI).
The two women are Dina Bint (...)
Okaz/Saudi Gazette
JEDDAH — Seventeen out of 109 candidates who had filed nominations to run in the elections to the 22nd board of directors of the Jeddah Chamber of Commerce and Industry (JCCI) have pulled out of the race, according to Yahya Azzan, (...)
Okaz/Saudi Gazette
JEDDAH — As many as 166,848 Saudi women are employed by the private sector, according to a report released by the General Authority for Statistics (GaStat).
The report said some 69,763 Saudi women, representing about 41.81 (...)
Okaz/Saudi Gazette
JEDDAH – Traders and importers resorted to different ploys to profit from the interim period before the decision to impose an additional 100 percent tax on tobacco products and 50 percent tax on beverages including energy drinks (...)
Okaz/Saudi Gazette
Jeddah — Saudi Arabia announced on Saturday that the selective tax will be implemented from June 10 and the value-added tax (VAT) from January 1.
The announcement was made by the General Authority of Zakat and Tax based on a (...)
JEDDAH — The Saudi Arabian Monetary Authority (SAMA) has started distributing new Saudi currency banknotes and coins at its main branch in Jeddah.
An individual can exchange a maximum of SR3,215. The branch was overcrowded on Monday with customers (...)
Jeddah — Old Saudi currencies will disappear from the market in five years, according to financial analyst Hussein Al-Rakib.
He said the destruction of previous versions of currency notes will be carried out inside Saudi Arabia starting Monday, as (...)
JEDDAH — People who have purchased flats in Lamar residential towers, under construction at Jeddah Corniche, are upset over the inordinate delay in getting possession of their homes as the company has filed a lawsuit against the contractor to (...)
Okaz/Saudi Gazette
JEDDAH — More than 223,000 Saudis are expected to visit major tourist destinations around the world during mid-term school vacation, according to Walid Al-Subaie, a member of the travel and tourism committee at Riyadh Chamber of (...)
Okaz / Saudi Gazette
JEDDAH — Saudi students working in part-time jobs will be considered as Saudi employees in the Nitaqat program on condition that they work only after their school hours, Labor Minister Mofrej Al-Haqbani has said.
The minister (...)