Moscow: Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a bilateral meeting today in Moscow with Russian Minister of Natural Resources and Environment Alexander Kozlov, as part of the Saudi minister’s official visit to the Russian Federation. The meeting focused on ways to enhance cooperation between the two

Moscow: Minister of Industry and Mineral Resources Bandar Alkhorayef held high-level meetings with leading Russian industrial and mining companies during his official visit to the Russian Federation. The engagements aim to strengthen Saudi Arabia’s international industrial ties, attract investment, and position the Kingdom as a global leader in industry and

Riyadh: The Capital Market Authority’s (CMA’s) board has approved a set of amendments aimed at facilitating the procedures for opening investment accounts for various categories of investors. The efforts are part of the draft to amend the “Investment Accounts Instructions, the Rules for Foreign Investment in Securities, and the Capital

Riyadh: The Saudi Stock Exchange Main Index ended trading lower today, dropping 0.82 points to close at 11,276.91. The total value of trading amounted to SAR 4.9 billion. According to Saudi Press Agency, the Saudi Parallel Market Index (NOMU) closed higher, gaining 31.28 points to settle at 27,479.50, with a

Riyadh: The General Authority for Statistics (GASTAT) released the Industrial Production Index (IPI) statistics for May 2025 today, showing a 1.5% increase compared to May of the previous year, driven by the rise in mining and quarrying activity, manufacturing activity, and water supply, sewerage, and waste management and remediation activities.

Riyadh: The Zakat, Tax and Customs Authority (ZATCA) has urged establishments subject to the excise tax to file their tax returns for May and June 2025 by July 15, 2025. The authority emphasized the importance of timely submissions to avoid penalties. According to Saudi Press Agency, ZATCA called on establishments