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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

28/03/2023

	Up to Dh1 million fine, jail term for destruction of historic, national documents The UAE Public Prosecution (PP) explained on Tuesday, through a post on its social media accounts, the penalties for the intentional destruction of public, historic and national and private documents.
	UAE to waive 50% fines on land transport licence violations The Ministry of Energy and Infrastructure (MoEI) announced that the UAE Cabinet has approved a decision to waive 50 per cent of fines for violating operating cards renewal and cancellation, as per the Federal Law No. 9 of 2011 concerning land transport.
	Can you claim entertainment expenses to calculate taxable profit? Taxable persons are liable to pay tax on their taxable profits. Some accounting expenses can be claimed to calculate the taxable profits, while others are not. The core objective of disallowing some expenses and allowing others is to ensure the taxable person claims only tax-allowable expenses to arrive at the taxable profits.
	Deal signed to promote cultural activities in Jeddah Officials from the Jeddah Literary Cultural Club and Al-Hijaz Cultural House in the city’s historic Al-Balad district recently signed a cooperation agreement to promote cultural programs.
	King Salman issues royal order promoting, appointing 257 judges King Salman issued on Monday a royal order to promote and appoint 257 judges at the Ministry of Justice at various ranks, Saudi Press Agency reported.
	Environmental volunteering initiative to launch in Qassim Qassim’s Gov. Prince Faisal bin Mishaal witnessed the signing of a cooperation agreement between Qassim University, the Ministry of Environment, Water, and Agriculture, and the National Center for Vegetation Cover Development and Combating Desertification to implement the One Million Environmental Volunteer Hours initiative over three years.
	New law allowing foreigners to buy all kind of properties in KSA soon: Top official Saudi Arabia is planning to relax its property ownership laws for foreigners as the Kingdom eyes attracting investments into the real estate sector as part of its strategy to diversify its economy.
	Saudi Electricity Co. plans capital expenditure increase to $9.3bn for 2023 State-owned Saudi Electricity Co. has announced that it intends to allocate between SR30 billion ($8 billion) and SR35 billion for its 2023 capital expenditure, according to the company’s 2022 financial presentation.

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