News Agencies Feed 

Petrol prices could go up 80% in Saudi Arabia

Saudi Arabia plans to raise domestic petrol and jet fuel prices in January, part of a programme to gradually eliminate energy subsidies as the kingdom seeks to overhaul its economy and balance the budget, according to a person with knowledge of the matter.

Petrol prices are set to increase by about 80 per cent, while jet fuel prices will be raised to international levels in one go, the person"...

Continue Reading

Alabbar’s Noon.com launches operations in Saudi Arabia
December 13, 2017

Noon, the US$1 billion e-commerce platform co-founded by the Emaar Properties chairman Mohamed Alabbar and Saudi Arabia’s Public Investment Fund (PIF), started operations in Saudi Arabia on Tuesday, as it looks to tap into the region’s burgeoning e-commerce market.

The e-retail joint venture is 50 per cent held by the Saudi"...

Continue Reading

AI Robot citizen of Saudi Arabia is ‘big advocate of women’s rights’
December 13, 2017

Humanoid robot Sophia was unveiled by Hong Kong-based Hanson Robotics in October this year and later was granted citizenship of the Middle Eastern country. And it was immediately claimed that as a female robot, Sophia was actually given more rights than the human women of Saudi Arabia. This included Sophia not being under any requirement to wear a hijab or be accompanied by a male relative when in public. But Sophia may be trying to change opinions in the desert country. According to CEO of Hanson Robotics, David Hanson, the female robot has been “reaching out about women’s rights”. 'Sophia is a big advocate for women’s rights, for rights of all human beings,” he told CNBC. 'She......

Continue Reading

E-commerce hub Noon now live in Saudi Arabia
December 13, 2017

The region's newest e-commerce platform Noon is now like in the Kingdom of Saudi Arabia. Noon's founder Mohamed Alabbar officially announced that from midday today, the e-commerce platform will begin trading. 'Noon brings a dynamic, locally-driven and customer-oriented digital marketplace to the Kingdom serving the community and offering a new retail and much improved experience,' Alabbar added. Headquartered in Riyadh, Noon is a joint venture with the Public Investment Fund and a group of prominent Gulf investors. The site will host an array of products, covering fashion, beauty, fitness, sports, technology, games and household goods. Noon has also partnered with small and medium enterprises......

Continue Reading

E-commerce business subject to VAT in Saudi Arabia
December 13, 2017

The General Authority of Zakat and Tax (GAZT) announced that electronic sales and purchases are subject to the value added tax (VAT) of 5 percent, and that Customs will collect it when goods enter the Kingdom through border crossing points.

GAZT affirmed that VAT will be applied to goods imported from the GCC countries as a temporary measure until activation of the electronic service system between"...

Continue Reading

Alabbar’s Noon.com launches operations in Saudi Arabia
December 13, 2017

Noon, the US$1 billion e-commerce platform co-founded by the Emaar Properties chairman Mohamed Alabbar and Saudi Arabia’s Public Investment Fund (PIF), started operations in Saudi Arabia on Tuesday, as it looks to tap into the region’s burgeoning e-commerce market.

The e-retail joint venture is 50 per cent held by the Saudi"...

Continue Reading

AI Robot citizen of Saudi Arabia is ‘big advocate of women’s rights’
December 13, 2017

Humanoid robot Sophia was unveiled by Hong Kong-based Hanson Robotics in October this year and later was granted citizenship of the Middle Eastern country. And it was immediately claimed that as a female robot, Sophia was actually given more rights than the human women of Saudi Arabia. This included Sophia not being under any requirement to wear a hijab or be accompanied by a male relative when in public. But Sophia may be trying to change opinions in the desert country. According to CEO of Hanson Robotics, David Hanson, the female robot has been “reaching out about women’s rights”. 'Sophia is a big advocate for women’s rights, for rights of all human beings,” he told CNBC. 'She......

Continue Reading