INSEAD Day 4 - 728x90

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Agthia profit, dividend jump

Transformation lifts earnings, cash generation.

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

Saudi Arabia offers 50% discount on accumulated traffic fines before April 18

The Saudi Ministry of Interior has announced a significant measure aimed at reducing the burden of accumulated traffic fines for violators. Pic: Saudi Gazette
  • The objective is to incentivize offenders to settle their fines within a six-month window from the commencement of the initiative
  • Payment options include either clearing all fines at once or settling each fine individually, provided there are no additional safety-related violations

Riyadh, Saudi Arabia – The Saudi Ministry of Interior has announced a significant measure aimed at reducing the burden of accumulated traffic fines for violators. The initiative will see a 50% reduction in fines incurred prior to April 18, 2024.

Implemented in collaboration with the Ministry of Finance and the Saudi Data and Artificial Intelligence Authority (SDAIA), the objective is to incentivize offenders to settle their fines within a six-month window from the commencement of the initiative. Payment options include either clearing all fines at once or settling each fine individually, provided there are no additional safety-related violations, Saudi Gazette reported.

For infractions occurring post-implementation, Article 75 of the Traffic Law will govern, offering a 25% reduction for a single violation. However, failure to pay fines after the specified objection period and payment deadline may result in imprisonment and enforcement measures.

The Ministry emphasizes the importance of compliance with traffic regulations to safeguard public safety and avoid further violations.