1 year ago
The security committee overseeing shops selling and sewing military clothes in Riyadh on Thursday confiscated more than 600 military badges and emblems, and a machine used for embroidering emblems which was violating regulations. It also closed eight shops engaged in sewing military clothes without a license. The actions came during ongoing inspection tours carried out by the committee and based on the directives of Riyadh authorities to control such violations and take legal action against those acting against the rules. Meanwhile, the Eastern Province municipality carried out 336 inspections of food and commercial establishments in Al Lahabah, as part of its efforts at monitoring activities. It also carried out 78 tours of buildings under construction, stressing that these aimed at reducing building violations of all kinds to ensure their conformity with the licenses issued by the municipality and adherence to all specifications. The tours also seek to raise the quality of work, helping to create a healthy urban environment.
1 year ago
OPEC+ countries, including Saudi Arabia, the UAE, Kuwait and Oman have extended voluntary oil production cuts for a further two months. The OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023, including Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on Thursday, September 5. During the meeting, the eight member countries emphasised their collective resolve to ensure full compliance with the voluntary production adjustments. OPEC+ members extend voluntary oil production cuts The group includes Iraq and Kazakhstan, which have overproduced since January 2024, but have strongly reaffirmed their commitment to the agreement and to their compensation schedules submitted to the OPEC Secretariat as agreed under the 53rd meeting of the JMMC on April 3, 2024. In August 2024, Saudi Arabia, Russia, the UAE, Kuwait, Algeria, and Oman, conducted two ministerial discussions with Iraq and Kazakhstan. Both countries were urged to achieve full conformity and compensate for the overproduced volumes since January 2024. Iraq and Kazakhstan committed to engage with secondary sources to outline their plans for production adjustments to achieve compliance and meet the compensation schedules they submitted to the OPEC Secretariat on August 22. Iraq and Kazakhstan reinforced their […]
1 year ago
Less than a week ago, when Reuters published a bullshit fake news report meant to hammer the price of oil, “reporting” based on six anonymous sources that OPEC+ will hike oil production in October, we countered that this is “absolute idiocy, and we expect that OPEC+ will issue an official denial within minutes, especially since Saudi Energy Minister Prince Abdulaziz bin Salman previously said OPEC+ could pause or reverse the production hikes if it decides the market is not strong enough, which it clearly is not right now!” We didn’t have long to wait for the denial, and as we reported yesterday, ironically enough it was Reuters who reported that contrary to its own so-called “reporting” just days earlier, OPEC+ would actually delay the planned oil hike, much to the shock and horror of anyone who actually believed Reuters and saw it as an objective news source instead of a conflicted, manipulative potentially criminal generator of price volatility with its own bullshit reporting. And then it all came together less than 24 hours later when, as we expected, OPEC+ confirmed – and Reuters again reported -that not only was the original fake news report BS, but that the October hike was not coming, would be delayed […]
1 year ago
Seven people have been arrested for committing crimes that threaten national unity, peace and community security by publishing posts inciting tribal fanaticism and hatred in society, reported the Saudi Press Agency. Security authorities at the Ministry of Interior referred them to the Public Prosecution. A statement from the ministry emphasized that security authorities stand firmly against anyone who tries to undermine national cohesion by inciting tribal tensions and that they would be subject to a penalty.
1 year ago
Saudi authorities have seized 236kg of cocaine hidden inside a banana shipment. In a significant anti-narcotics operation, the General Directorate of Narcotics Control (GDNC), working in collaboration with the Zakat, Tax and Customs Authority, intercepted the shipment containing 236kg of cocaine at King Abdullah Port in Rabigh Governorate. The discovery underscores GDNC’s unwavering commitment to safeguarding the Kingdom’s security and protecting its youth from the perils of drugs. Saudi seizes bunch of cocaine The concealed narcotics were hidden in a shipment of bananas. Security agencies are urging the public to report any information related to drug smuggling or trafficking by calling 911 in Makkah, Riyadh, and the Eastern regions, and 999 in the other regions of the Kingdom. The public may also get in touch with the General Directorate of Narcotics Control through the phone number 995 or via email at 995@gdnc.gov.sa. All reports will be treated with utmost confidentiality.
1 year ago
A court convicted and penalised the duo of committing the crime of a commercial cover-up by running a beauty parlour in the holy city of Mecca. Saudi authorities have named two women – a Saudi citizen and an Egyptian national– to shame them after a court convicted them of committing the crime of a commercial cover-up by running a beauty parlour in the holy city of Mecca. The Ministry of Commerce found evidence confirming that the expatriate identified as Mona Abdulshafi had illegally pursued her own business without obtaining a foreign investment licence by using a commercial register issued in the name of the citizen named Afia Hassan. Authorities also discovered that the expat raked in high revenues from operating the parlour and gave a paltry sum of SR500 per month to the citizen in return for cover-up. A disciplinary court issued a final ruling against both including naming to shame them, revoking the commercial register, liquidating the business, paying due taxes and deporting the expat from the kingdom.
1 year ago
In a landmark move aimed at further boosting the burgeoning tourism and hospitality sector, Saudi Arabia has decided to waive the municipal service fees pertaining to issuing licenses for commercial activity of hotels, hotel apartments and residential resorts. The decision comes within the context of the ongoing efforts to develop and facilitate the investor journey and remove the barriers and obstacles that hinder investors from benefiting from the increasing investment opportunities in the tourism sector. The new government decision is the result of one of the initiatives of the Investment Enablers Program in the tourism sector launched by the Ministry of Tourism in March this year, the Saudi Press Agency reported. The program aims to facilitate investment in the sector and reduce operating costs to increase the competitiveness of the sector by applying the highest international standards to make the Kingdom a leading destination for investment in the tourism sector.
1 year ago
The Ministry of Commerce announced that it will allow commercial establishments and e-stores in Saudi Arabia to give 2-week special discount for consumers on the occasion of the 94th National Day. The discount period will be from September 16 to September 30, 2024. Commercial firms and e-stores can apply electronically for the seasonal discount licenses via: sales.mc.gov.sa. The electronic application aims to enable commercial establishments and e-stores to obtain discount licenses easily, print them and show them to the consumer. These discount days will not be counted in the previously allotted total annual number of days for discount sales. The ministry noted that consumers can verify the legality and validity of the discounts by scanning the barcode appearing in the discount license with a mobile camera to show him all data related to the discounts, including the type and percentage of discounts, their duration, in addition to the establishment’s data. The ministry reiterated that its officials will continue inspection tours of commercial establishments and e-stores in all regions across the Kingdom to verify the legality of discounts and monitor the compliance of the regulations issued by it in this regard.
1 year ago
Four children from a family died after their car was swept away by torrents resulting from heavy rains in the Saudi city of Mecca, according to a media report. The tragedy happened after the car, which was carrying their family, swerved due to the flooding in eastern Mecca and was swept away by a strong torrent that forced the vehicle to ram into the wall of a local farm and clung there, Okaz newspaper said. The Arab expatriate family included the parents and six children. Civil defence personnel managed to save the parents and two of their children aged 13 and two years. The four others — three girls and a boy — were swept away by the flooding. The bodies of the three girls were later recovered while search is ongoing for the fourth, the report said. Mecca was earlier this week lashed by torrential rains accompanied by lighting and thunder. Likewise, several parts of Saudi Arabia have recently witnessed erratic weather including heavy rains that resulted in floods, which caused havoc and deaths. On Friday, two young men drowned in a rain-hit picnic spot in Al Lith governorate, part of the Mecca region. One man initially jumped into […]
1 year ago
Two expos being held side by side in Riyadh are aiming to support the Saudi logistics sector in line with the national Vision 2030 program. The Saudi Warehousing and Logistics Expo and the Saudi Wood Expo were inaugurated by Hassan Al-Hwaizy, president of the Federation of Saudi Chambers of Commerce, bringing warehousing, logistics, wood and woodworking firms under one roof in the Kingdom. Held at the Riyadh International Convention and Exhibition Center until Sept. 4, the three-day event was opened by Al-Hwaizy, who said: “We participate in this significant logistics event as a supporting partner, demonstrating our dedication to advancing and enhancing the logistics sector in support of Saudi Vision 2030.” Featuring more than 3,500 products and services, the event showcases the latest technologies and strategies in logistics services and warehousing solutions, he added. Mohammed Kazi, senior vice president of construction at dmg events, the organizer of the expo, said: “The bustling aisles on the opening day underlined the growing demand for supply chain solutions and distinctive wood products in the Kingdom, reflecting its ambition to establish itself as a leading industrial powerhouse and global logistics hub.” Amr El-Mansoury, chief supply chain officer at Tamer Group, told Arab News that […]
3 hours ago
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