INSEAD Day 4 - 728x90

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

19,000 kg banned drugs among Saudi customs H1 seizures

The plants are being built under the Privatization Program, one of the goals of Vision 2030.
  • Zakat, Tax and Customs Authority processes $80 bn worth of inbound and $34 bn outgoing goods.
  • About153,000 inspections carried out in the kingdom detect more than 20,000 zakat and tax violations.

RIYADH: More than 1,000 attempts to smuggle prohibited items into Saudi Arabia were thwarted by the country’s authorities during the first half of the year.

The haul included more than 126 million narcotic pills, more than 19,000 kilograms of drugs such as hashish, heroin and cocaine and more than 60,000 bottles of wine and more than 81,000 liters of liquor, according to local media reports that cited data by the Zakat, Tax and Customs Authority.

The Authority processed more than 39 million tons of goods coming to the Kingdom with a total value of more than SR302 billion ($80 billion) and more than 36 million tons of goods exported through customs ports with a total value of more than SR128 billion.

According to the authority’s statistics, ports have completed more than 2.3 million import, export, re-export and transit transactions besides completing the procedures of more than 1.1 million containers.

During the same period, customs ports processed more than 1 million departing vehicles and 100.1 million arriving vehicles.

More than 580,000 tax and zakat declarations from all business officials subject to tax regulations were received by the Authority, while regulatory and inspection teams carried out 153,000 inspections and detected more than 20,000 zakat and tax violations.