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Ƶ imposes anti-dumping duties on stainless steel imports from China, Taiwan

Ƶ imposes anti-dumping duties on stainless steel imports from China, Taiwan
The Zakat, Tax, and Customs Authority has been directed to implement and collect duties ranging from 6.5 percent to 27.3 percent. GetArchive
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Updated 30 June 2025

Ƶ imposes anti-dumping duties on stainless steel imports from China, Taiwan

Ƶ imposes anti-dumping duties on stainless steel imports from China, Taiwan
  • Duties target pipes with longitudinally welded circular sections
  • Measure follows final results of investigation launched in May 2024

RIYADH: Ƶ is set to impose final anti-dumping duties on imports of steel and stainless steel pipes originating from China and Taiwan, effective June 30, for a period of five years.

The duties, issued by the Chairman of the Board of Directors of the Kingdom’s General Authority of Foreign Trade Majid Al-Qassabi, specifically target pipes with longitudinally welded circular sections, according to a statement.

This reflects Ƶ’s goal to enhance the competitiveness of national products, attract investment, and foster new industries, ultimately contributing to the Kingdom’s Vision 2030 goals.

It also aligns with the fact that Ƶ’s real gross domestic product grew by 3.4 percent in the first quarter of 2025 compared to the same period in 2024, according to estimates by the General Authority for Statistics.

In terms of duty rates, the newly released statement said: “People’s Republic of China: ranged from 6.5 percent to 24.6 percent of CIF (cost, insurance, and freight) value not less than 1.750 to 4.111 per kilogram.”

It added: “Taiwan: ranged from 23.7 percent to 27.3 percent of CIF value, not less than 2.822 to 3.141 per kilogram.” 

The Zakat, Tax, and Customs Authority has been directed to implement and collect duties ranging from 6.5 percent to 27.3 percent, depending on the manufacturer, as detailed in the official announcement, the Saudi Press Agency reported.

“The measure follows the final results of an investigation launched on May 2, 2024, after the local industry submitted a formal complaint. The investigation was conducted in accordance with the Law of Trade Remedies in International Trade and its executive regulations, designed to protect the domestic market from unfair trade practices such as dumping,” SPA said.

It added: “GAFT emphasized that this step is part of broader efforts to safeguard national industries, enhance the Kingdom’s position in global trade, and contribute to the country’s economic growth.”

The Kingdom’s anti-dumping duties aim to protect domestic industries from unfair trade practices by foreign exporters. Specifically, they seek to protect local businesses from the adverse effects of dumping and subsidized imports.

These measures also help prevent surges in imports that could harm domestic industries and protect Saudi exports from similar trade-remedy measures imposed by other countries.

In June 2024, ZATCA relaxed the temporary admission regulations for heavy machinery and equipment. This policy change benefits international contractors working on major infrastructure projects by reducing customs duties on temporary imports and eliminating the need for frequent renewals, thereby facilitating smoother and more cost-effective project execution.


Can AI make Saudi sports smarter without losing its soul?

Can AI make Saudi sports smarter without losing its soul?
Updated 4 sec ago

Can AI make Saudi sports smarter without losing its soul?

Can AI make Saudi sports smarter without losing its soul?

AlKhobar: Artificial intelligence is no longer a side project in global sports, it’s becoming central to performance, fan engagement, and strategy. IBM has been one of the most visible players in this transformation, bringing its AI innovations from the world’s top tournaments to Ƶ’s rapidly growing sports scene.

But beyond corporate case studies, a bigger question looms: how should Saudi sports federations, clubs, and fans adapt to this wave of technology? Can AI truly deliver, or will it overpromise?

Ƶ’s sports market is booming. Valued at $7.2 billion in 2023, it is expected to surpass $22.4 billion by 2030. More than $2 billion has already been invested in facilities, talent, and international events—from hosting Formula 1 to the FIFA Club World Cup.

This trajectory was highlighted in a recent Arab News op-ed by Ayman Al-Rashed, who noted how AI is central to expanding fan experiences and making Saudi sports more globally competitive. The investments align with Vision 2030’s push to diversify the economy through sports and entertainment, positioning the sector as both a cultural and financial pillar for the Kingdom.

One of IBM’s most ambitious experiments came in 2024 with Sevilla FC. Together, they launched Scout Advisor, a generative AI tool built on watsonx that analyzes more than 200,000 scouting reports. Beyond traditional stats like minutes played or goals scored, the system reads unstructured scout notes on attitude, adaptability, and playing style. For a league like the Saudi Pro League, attracting global stars, such a tool could transform recruitment.

Yet some Saudi voices caution that AI should complement—not replace—human judgment.
“AI gives us accurate numbers and predictions, but in the end human experience and field vision remain essential,” said Yasser Al-Ghamdi, a sports science student at King Saud University.

IBM’s longest-running partnerships are in tennis and golf. At Wimbledon, the company built Match Chat, an AI-powered assistant that answers fan questions in real time, analyzes probabilities, and predicts match outcomes. A similar platform at The Masters offered golf fans deeper insights into performance and strategy.

This mirrors findings from an Arab News survey earlier this year, where 80 percent of Saudi adults reported using AI tools, and one in three use them regularly. Nearly 90 percent said making Ƶ an AI powerhouse should be a national priority — underscoring high expectations for localized innovation.

In Formula 1, IBM partnered with Scuderia Ferrari HP to redesign its mobile app with watsonx-powered racing insights. Fans now receive AI-generated summaries, driver comparisons, and interactive features in real time.

For Ƶ, which hosts a Formula 1 Grand Prix as part of its expanding sports calendar, the potential is significant. The key, however, is ensuring these tools enhance both spectacle and grassroots value. Success will depend on balancing global best practices with local realities, benefiting players, coaches, and fans at every level.

Global partnerships only work if they are adapted to local contexts. That’s why IBM, alongside the Saudi Data and Artificial Intelligence Authority, developed ALLaM, an Arabic large language model capable of processing multiple dialects. The platform bridges linguistic gaps for fans and athletes across the Gulf, making interactions more natural and inclusive. Its impact will hinge on how it’s adopted on the ground.

This emphasis on localization and human-in-the-loop AI echoes developments in healthcare. MBZUAI graduates developed HuLP and Med-YOLOWorld, AI systems designed to work alongside doctors rather than replace them. The same principle applies to sports: AI must collaborate with coaches, referees, and trainers.

IBM highlights its ethical AI framework, stressing explainability, fairness, and data protection. But in Ƶ, experts insist oversight must go beyond corporate pledges. With billions invested, federations need transparency, accountability, and governance when deploying AI.

Arab News has reported similar concerns in healthcare, with Dr. Mansoor Khan warning that “AI is not one thing, it’s a set of technologies that need to be used carefully, mapped to specific problems and workflows.” The same caution applies to sports.

Looking ahead, IBM predicts AI will play a central role in personalized fan experiences, athlete training, and recruitment. In Ƶ, AI could make the Kingdom a global sports testbed. Potential applications include:

• Smart stadiums with AI crowd management and personalized fan services.

• Player development supported by AI-driven performance analytics.

• Localized fan platforms in Arabic, reflecting Saudi values.

• Sports medicine enhanced by AI tools for injury prevention and recovery.

For some, the immediate value is on the pitch.
“AI can help us track training loads and reduce injuries, but it can’t capture a player’s mental or emotional state,” said Mohammed Al-Qahtani, a sports science graduate from King Saud University.

From Sevilla’s scouting rooms to Ferrari’s circuits and Wimbledon’s courts, AI is reshaping global sports. In Ƶ, the real opportunity lies not in copying global models, but in tailoring them to local culture, athletes, and fans. As the Kingdom invests heavily in infrastructure and innovation, the true test will be whether technology strengthens the human side of sport—or replaces it.


Qatar real estate sales reach $108m in early September 

Qatar real estate sales reach $108m in early September 
Updated 19 min 1 sec ago

Qatar real estate sales reach $108m in early September 

Qatar real estate sales reach $108m in early September 

JEDDAH: Qatar's real estate market saw a notable increase in early September, with sale contracts totaling 394.35 million Qatari riyals ($108 million) over the five-day period from Aug. 31 to Sept. 4, official data showed. 

This represents an 18.5 percent rise compared with 333 million riyals recorded the previous week, from Aug. 24 to 28, according to the Ministry of Justice. 

The ministry's weekly bulletin shows that 124.5 million riyals of the total sales during this period were for residential units.  

The surge in real estate activity highlights Qatar’s continuing market dynamism, driven by both end-users and investors seeking opportunities across residential and mixed-use properties. 

The bulletin noted that “the properties traded for sale include vacant land, houses, residential buildings, mixed-use commercial-residential buildings, commercial-residential complexes, shops, commercial buildings, and residential units.”  

Sales activity was concentrated in the municipalities of Doha, Al-Rayyan, and Al-Wakra. Additional activity was reported in Al-Daayen, Al-Shamal, and Umm Salal, as well as in Al-Khor and Al-Thakhira. Major developments included The Pearl Island, Lusail 69, Al-Kharayej, Legtaifiya, and Ghar Thuaileb. 

Looking at a broader trend, the week from Aug. 17 to 21 saw total trading volumes exceed 308 million riyals, reflecting steady growth over the past three weeks, driven by increased activity in both prime urban and emerging areas. 

Monthly data for August showed that total real estate transactions reached 1.13 billion riyals across 329 deals, with Al-Rayyan, Doha, and Al-Wakra leading in transaction value. 

According to the real estate market area index, Al-Rayyan accounted for 39 percent of the total traded area, followed by Doha with 22 percent, and Al-Wakra with 14 percent. Al-Daayen and Umm Salal each represented 10 percent, Al-Shamal 3 percent, and Al-Khor and Al-Thakhira 2 percent. 


Direct Jeddah–Pristina flights open doors for Saudi investors, says Kosovo ambassador 

Direct Jeddah–Pristina flights open doors for Saudi investors, says Kosovo ambassador 
Updated 42 min 32 sec ago

Direct Jeddah–Pristina flights open doors for Saudi investors, says Kosovo ambassador 

Direct Jeddah–Pristina flights open doors for Saudi investors, says Kosovo ambassador 

RIYADH: The launch of direct flynas flights between Jeddah and Pristina is more than a tourism milestone — it signals Kosovo’s rise as a new destination for Saudi business and investment, according to the country’s ambassador. 

Kosovo’s Ambassador to Ƶ, Lulzim Mjeku, told Arab News the new air link, which will begin operating three times a week on Oct. 1, represents a historic step in building commercial bridges between the two nations. 

“The most frequent question asked of me from both countries’ business communities was: Is there a direct flight between KSA and RKS? It wasn’t until last year that both states signed the Agreement on Air Services.” Mjeku said.  

He added: “Today, as both countries have concluded several basic agreements with a focus on business, I may say that through this work, both governments have paved the way for business communities to start exploring avenues of cooperation.” 

While the connection opens Kosovo’s mountains and Ottoman heritage to Saudi tourists, Mjeku emphasized that the real opportunities lie in the country’s investment climate. 

Kosovo boasts the highest internet penetration rate in Europe at 96.4 percent, a multilingual and skilled workforce, and a streamlined business environment, positioning itself as a gateway for Saudi investors entering the Western Balkans. 

“Kosovo is a vibrant country emerging in the global market,” the ambassador said. “Our workforce is skilled and multilingual, and our economy is diversifying, from construction and textiles to advanced information technology.” 

When asked whether the new connectivity would encourage Saudi investors to explore opportunities in Kosovo, Mjeku pointed to early successes in technology partnerships. 

He noted that Kosovar firms have already contributed to the Tawakkalna application in cooperation with Saudi partners and developed cybersecurity systems for hospitals in Riyadh. 

“I expect more Kosovar IT companies will find their way to the Saudi market. I also strongly believe both sides can find a win-win modus operandi and have their share in the market,” he said, adding: “Whoever moves first has the chance to succeed faster and better.” 

The competitive framework is another draw. Corporate tax is set at just 10 percent, while starting a business takes an average of 4.5 days. Investments account for 36 percent of Kosovo’s gross domestic product, with an average economic growth rate of 4.1 percent over the past eight years. “Whoever moves first has the chance to succeed faster and better,” the ambassador stressed. 

The launch of flights follows last year’s Agreement on Air Services and coincided with the first visit of a Saudi business delegation to Kosovo, led by the Federation of Saudi Chambers of Commerce, marking the 15th anniversary of diplomatic ties. 

The Kingdom’s leading low-cost carrier will operate the Jeddah–Pristina route as part of its expansion strategy, “We Connect the World to the Kingdom,” aligned with the Kingdom’s National Civil Aviation Strategy.  

The plan aims to link the Kingdom to 250 international destinations, accommodate 330 million passengers, and host 150 million tourists annually by 2030. 

For Mjeku, these developments herald a new phase in Saudi–Kosovar relations. “With these flights come opportunities, and with opportunities, we get better results and solidify our relationship on an inter-human level,” he said. 


Tokyo to host FII Priority Asia Summit in November

Tokyo to host FII Priority Asia Summit in November
Updated 51 min 47 sec ago

Tokyo to host FII Priority Asia Summit in November

Tokyo to host FII Priority Asia Summit in November

JEDDAH: The Future Investment Initiative Institute announced on Thursday that the next FII Priority Asia Summit will be held in Tokyo, Japan, from Nov. 30 to Dec. 1, the Saudi Press Agency reported.

The event will bring together heads of state, policymakers, global CEOs, innovators, and investors to address some of the world’s most pressing challenges.

Discussions will center on strengthening partnerships and investment flows between Asia and the rest of the world, with a particular emphasis on the Gulf Cooperation Council.

“Japan, one of the world’s most advanced and resilient economies, offers a unique platform for such discussions. Its global leadership in technology, scientific research, and sustainable development will serve as a foundation for connecting decision-makers across continents,” SPA added citing an official release.

The summit will highlight the shared vision of Japan and the Middle East as a strategic bridge linking Asia with Africa, Europe, and the Americas, fostering inclusive trade, investment, and knowledge exchange.

Richard Attias, FII Institute acting CEO and chairman of its executive committee, said: “We are honored to bring the FII PRIORITY Summit to Tokyo. Japan’s respected standing in the global economy, coupled with its commitment to innovation and sustainable development, makes it the ideal host. Together, we will highlight how collaboration with Asia can generate solutions that strengthen resilience and prosperity worldwide.”

Founded by Ƶ’s Public Investment Fund, the FII Institute hosts the FII PRIORITY series, a global platform that has attracted participation from heads of state and world leaders. The Tokyo Summit’s presenting partner is Sumitomo Mitsui Banking Corp. Group, a leading Japanese financial institution committed to advancing international financial cooperation and customer growth.

Program details, including themes and keynote speakers, will be announced in the coming weeks.


PwC unveils regional headquarters in Riyadh’s Laysen Valley

PwC unveils regional headquarters in Riyadh’s Laysen Valley
Updated 11 September 2025

PwC unveils regional headquarters in Riyadh’s Laysen Valley

PwC unveils regional headquarters in Riyadh’s Laysen Valley

RIYADH: Professional services firm PwC has unveiled its new 22,400 sq. meters regional headquarters in Laysen Valley, Riyadh, as the Kingdom’s capital city continues to position itself as a thriving business destination. 

The company, in its annual partners’ meeting in Riyadh on Sept.10, also reaffirmed its commitment to Ƶ and said that it is dedicated to working with the Kingdom in various spheres, which include investment in people, innovation, and infrastructure, according to a press statement. 

Ƶ’s regional headquarters program has been attracting international firms over the past few years, with 600 international companies, including Northern Trust, IHG Hotels & Resorts, and Deloitte, already establishing their bases in the Kingdom, the Saudi Press Agency reported in March. 

The regional HQ program offers a 30-year corporate tax exemption, withholding tax relief, and regulatory support, reflecting efforts to position the Kingdom as a regional business hub and attract multinational corporations to the capital. 

“Our regional headquarters in Riyadh is more than just a building; it is an investment in the future. It has been designed to empower our people, enable our clients, and support the Kingdom’s Vision 2030,” said Riyadh Al-Najjar, PwC Middle East chairman of the board and Saudi country senior partner. 

He added: “This milestone marks a new chapter for PwC in Ƶ, reflecting both the scale of our growth and our sustained commitment to playing a long-term role in the Kingdom’s transformation journey.” 

The regional headquarters also showcases the Middle East’s largest Experience Center, and is marketed under the phrase, ElDar Darak — meaning “our home is yours.” 

“The center is positioned as a true community space for innovation and ideation; where clients, government, and partners can co-create solutions, test prototypes, and design transformative experiences,” said PwC. 

The professional services firm further said that the regional headquarters also houses a forensics lab, PwC Academy, Majlis, and wellness-first spaces, establishing it as Riyadh’s most advanced professional services hub.

According to the press statement, PwC has over 2,600 professionals in its workforce in the Kingdom, out of which 56 percent are Saudi nationals, underscoring its commitment toward Saudization. 

The company added that more than 2,400 Saudi nationals have joined through PwC’s training programs over the past three years, with 80 percent of female nationals already on leadership development pathways. 

The press statement further said that initiatives like Hemam 2.0, which accelerates youth skills development, and Foundation for the Future, which equips graduates for leadership roles, underscore the firm’s long-term investment in the people of Ƶ. 

“Ƶ is home to one of PwC’s largest alumni networks in the region; with many nationals now leading across government, business and cultural institutions. The Kingdom has always been at the heart of our business, and we will continue to create lasting impact for our clients and communities,” said Hani Ashkar, PwC Middle East senior partner. 

He added: “Our commitment goes beyond providing services, it is about developing talent, investing in infrastructure and supporting the Kingdom’s transformation in ways that deliver lasting value.”