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Saudi authorities foil major drug smuggling attempts

Saudi authorities foil major drug smuggling attempts
arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.

Saudi arabiaAr riyaMarwan al hazmiPolice in hailCustoms authorityResearch departmentSaudi zakatGeneral directorateNarcotics controlBorder guardCriminal investigation

Saudi customs thwarts Captagon smuggling bid

Saudi customs thwarts Captagon smuggling bid
arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.

Saudi arabiaAr riyaCustoms authoritySaudi zakatGeneral directorateNarcotics controlBadr governorate

Saudi Arabia Adopts Measures to Control Used Cars Market, Reduce Prices

The Saudi Zakat, Tax and Customs Authority announced that it was possible to calculate the value-added tax (VAT) on the profit margin of the sale of certified used cars, without taking into account of the total sale value. This regulation will be implemented conditionally, effective from July 1, 2023. According to information obtained by Asharq Al-Awsat, the new steps came in response to the demands of the Federation of Saudi Chambers, in order to regulate and control the local market as well as reduce the prices of used vehicles.

Saudi arabiaMuqrin al mutairiAsharq al awsatFaisal abu shushehCustoms authorityFederation of saudi chambersSaudi ministry of commerceNational committee for car dealersMinistry of commerceSaudi zakatSaudi chambersAbu shushehNational committeeCar dealersSaudi ministry

Saudi Arabia s PIF to Acquire 30% of Tamimi Markets

Saudi Arabia's Public Investment Fund (PIF) plans to acquire a 30% stake in local supermarket chain Tamimi Markets Company, the kingdom's sovereign wealth fund said on Thursday. PIF said it signed a share subscription agreement to invest in Tamimi Markets. It said the transaction, which will involve a capital increase and subscription for new shares, aligns with the fund's strategy to enable the private sector and create Saudi national champions.

Saudi arabiaMuqrin al mutairiFaisal abu shushehAsharq al awsatFederation of saudi chambersCustoms authorityNational committee for car dealersMinistry of commerceSaudi ministry of commerceSaudi zakatSaudi chambersAbu shushehNational committeeCar dealersSaudi ministry

Attempt to smuggle 13 million amphetamine tablets foiled by Saudi authorities

Nearly 13 million amphetamine tablets were seized by Saudi Arabia's anti-narcotics department. On Saturday (April 29), it was reported that the authorities..

Saudi arabiaEastern provinceAsh sharqiyahAl bathaMa ribAr riyaSaudi press agencyCustoms authoritySaudi zakatGeneral directorateNarcotics controlAmphetamine tabletsAnti narcotics department