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AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

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.