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The amendments approved by the Capital Market Authority Board aim to develop a regulatory framework for investment funds, enhance the asset management industry, and strengthen its competitiveness by identifying areas for improvement and adopting global best practices.
CMA approves set of regulatory enhancements for investment funds in Saudi Arabia
July 09, 2025

CMA approves set of regulatory enhancements for investment funds in Saudi Arabia

Saudi Minister of Defense Prince Khalid bin Salman receives his Hungarian counterpart Kristَf Szalay-Bobrovniczky in Jeddah on Wednesday.
Saudi, Hungarian defense ministers discuss military ties
July 09, 2025

Saudi, Hungarian defense ministers discuss military ties

The Ministry of Commerce announced the recall of 5,309 Chevrolet, GMC, and Cadillac vehicles, with the model years ranging between 2021 and 2024, due to a defect in internal engine parts (the connecting rod or crankshaft).
Commerce Ministry recalls over 5,000 Chevrolet, GMC, and Cadillac vehicles due to engine defects
July 09, 2025

Commerce Ministry recalls over 5,000 Chevrolet, GMC, and Cadillac vehicles due to engine defects

Saudi Energy Minister Prince Abdulaziz bin Salman addressing the opening session of the 9th OPEC International Seminar in Vienna on Wednesday.
Saudi energy minister: oil and gas will remain indispensable despite expansion of renewable energy     
July 09, 2025

Saudi energy minister: oil and gas will remain indispensable despite expansion of renewable energy     

Minister of Human Resources and Social Development Eng. Ahmed Al-Rajhi hailed Tuesday's Cabinet decision with regard to the Social Development Bank, saying that this is supportive to most vulnerable groups in the Saudi society.
Al-Rajhi: Cabinet's decision is supportive to most vulnerable groups
July 09, 2025

Al-Rajhi: Cabinet's decision is supportive to most vulnerable groups

The Heritage Commission stated that field teams continued carrying out survey and documentation programs, resulting in the inclusion of more than 1,100 new heritage sites in the National Register of Architectural Heritage in 2024.
Visitors to Saudi historical sites hit 6.5 million in 2024
July 09, 2025

Visitors to Saudi historical sites hit 6.5 million in 2024

The SASO offers this service through the electronic “Saber” platform, which enables importers to obtain a vehicle import consignment certificate to ensure compliance of vehicles and motorcycles with relevant technical regulations.
SASO urges vehicle importers to verify compliance before shipping to Saudi Arabia
July 09, 2025

SASO urges vehicle importers to verify compliance before shipping to Saudi Arabia

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef speaking at a strategic dialogue session at INNOPROM 2025 in Yekaterinburg, Russia.
Alkhorayef emphasizes Saudi Arabia's growing role as global industrial investment hub
July 09, 2025

Alkhorayef emphasizes Saudi Arabia's growing role as global industrial investment hub

Dr. Majid Al-Fayyad.
King Salman appoints Dr. Majid Al-Fayyad as Royal Court advisor
July 09, 2025

King Salman appoints Dr. Majid Al-Fayyad as Royal Court advisor

The General Authority of Civil Aviation (GACA) announced that it imposed financial penalties exceeding SR2.8 million for a total of 87 civil aviation violations during the second quarter of 2025.
GACA imposes SR2.8 million in fines for 87 civil aviation violations in Q2 2025
July 09, 2025

GACA imposes SR2.8 million in fines for 87 civil aviation violations in Q2 2025

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