Ministry of Commerce news

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Saudi-American Business Forum in Washington discusses expanding collaborati ...

16 Jun 2022

 The Minister of Commerce, Dr. Majid Abdullah Al-Qasabi, emphasized the deep trade ties between the two friendly nations, noting that the Kingdom's economy has undergone a major transformation since the launch of the Vision 2030 in 2016 that has opened up numerous new sectors and promising oppo... More

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Al-Qasabi meets US Secretary of Commerce in DC and discuss ways to enhance ...

16 Jun 2022

 Al-Qasabi leads a Saudi delegation that holds joint meetings to foster innovation, develop projects and enhance bilateral trade Dr. Majid Abdullah Al-Qasabi, the Minister of Commerce, met with Gina M. Raimondo, the US Secretary of Commerce, recently in Washington to discuss ways to s... More

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In just five months, inspectors visit 58,000 locations suspected of engagi ...

13 Jun 2022

 Inspectors from the National Program for Combating Commercial Concealment have made 58,000 visits to businesses suspected of engaging in concealment activities across the Kingdom in the last five months. The business entities were inspected based on data analysis and artificial intelligen... More

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Al-Qasabi heads Saudi delegation in WTO 12th Ministerial Conference

12 Jun 2022

 Dr. Majid Abdullah Al-Qasabi, Minister of Commerce and Chairman of Board of Directors of the General Authority for Foreign Trade, led the Saudi delegation in the World Trade Organization (WTO) 12th Ministerial Conference held in Geneva between 12-15 June 2022.  The coordination meeti... More

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MC: New services to joint-stock and foreign companies via the digital bran ...

08 Jun 2022

 The Ministry of Commerce has launched new services for joint-stock and foreign companies via its digital branch, aiming to facilitate the process of starting up a business and incentivize business environment. The Ministry said that the new services for joint stock included the formation ... More

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Ministry of Commerce apprehends workers tampering with poultry product weig ...

06 Jun 2022

 The Ministry of Commerce's inspectors and the Eastern Province Police apprehended undocumented workers tampering with the weight of poultry products.  The workers put a sticker on the merchandise indicating a weight greater than the actual one.The Ministry summoned the owner of store... More

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Ministry of Commerce urges business entities to comply with the Companies L ...

06 Jun 2022

 The Ministry of Commerce has urged all companies operating in the Kingdom to adhere to the Companies Law and not to breach their duties to partners and shareholders, and to publish their financial statements. Entities have been advised to ensure that the reports or financial statements submitt... More

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MC: Proactive monitoring discovers 200 e-stores not complying with standar ...

01 Jun 2022

 The Ministry of Commerce has taken proactive measures against 200 e-stores after discovering that they were in violation of e-commerce credibility compliance standards. All offenders were referred to the E-Commerce Violation Committee for penalties in accordance with the enacted implementing r... More

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Al-Qasabi off to London to discuss Saudi-British economic partnership in e ...

26 May 2022

 The E-Commerce Council has in collaboration with the Saudi-British Joint Business Council hosted recently an event in London on "The Role of E-Commerce in Building the Saudi-British Economic Partnership". The event was attended by a high-level Saudi delegation led by H. E. Dr. M... More

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Permanent Committee for Awareness and Warning against Forex unlicensed acti ...

25 May 2022

 The Permanent Committee for Awareness and Warning against the Activity of Trading in Securities in the Unlicensed Foreign Exchange "Forex" urged citizens and resident expatriates to exercise caution and be aware of the practices of some individuals and entities that promote unlicense... More

Last Modified 05 Sep 2021
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