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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

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The bank's profit crossed AED 1bn mark for the first time.

Saudi Arabia cracks down on heritage site defacement with hefty fines

This handout picture obtained from the Royal Commission for AlUla shows a view of the Al-Ula desert in Saudi Arabia on January 27, 2024. AFP
By TRENDS Desk
February 24, 2024 12:20 pm
  • The Public Prosecution declared that anyone caught defacing urban heritage,could face a penalty of one year in prison and a fine of up to $26,660
  • This stern message coincides with the Kingdom's celebration of its Founding Day, which fell on February 22

Riyadh, Saudi Arabia – Saudi Arabia has issued a stern warning against damaging the nation’s cultural heritage sites, imposing hefty fines and potential jail time for offenders.

The Public Prosecution declared on Thursday that anyone caught defacing or vandalizing historical or urban heritage, including acts like writing, painting, engraving, posting advertisements, or setting fire, could face a penalty of one year in prison and a fine of up to 100,000 Saudi riyals (approximately $26,660). Offenders could also be subjected to one of these penalties alone.

This stern message coincides with the Kingdom’s celebration of its Founding Day, which fell on February 22. Marked by King Salman, this day serves as a national remembrance to honor the establishment of the first Saudi State in Diriyah.

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