Month: April 2022

Reading time: < 1 MinuteThe Saudi Council of Engineers confirmed that professional registration is one of the objectives of the professional practice system, noting a significant increase in the number of registered members—including individuals, companies, and engineering firms—through a rise in the number of applicants seeking accreditation from the Council. The Authority disclosed that it has issued licenses to 8,000 engineering consulting firms, while the number of engineering firm licenses reached 3,137, of which 2,186 … Read more

Reading time: < 1 MinuteThe Saudi Central Bank announced new regulations to combat financial fraud and protect bank customers, including a suspension of remote account openings, and setting limits on the total daily transfer amounts for individual and sole proprietor accounts to no more than sixty thousand (60,000) riyals, with customers able to request an increase in this limit from the bank. The Central Bank noted that the adoption of these precautionary measures … Read more

Reading time: < 1 MinuteIn its fourth edition, the “Ambitious Generation“ program in its fourth edition a number of economic issues of concern to Saudi youth. The program held 11 virtual sessions using the Zoom app, which included a series of interactive workshops, introductions to the committees, and participation in dynamic activities and discussions with world-class speakers. The Economy of the Future for Young People The program’s sessions, launched by Boston Consulting Group … Read more