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Two establishments referred to the Public Prosecution for practicing accounting without a license in Saudi Arabia

The Saudi Organization for Auditors and Accountants refers two establishments to the Public Prosecution for practicing accounting and auditing activities without a license, warning against violating the profession's regulations and misleading the public.

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Two establishments referred to the Public Prosecution for practicing accounting without a license in Saudi Arabia

As part of its ongoing efforts to regulate the professional services market and protect the national economy, the Saudi Organization for Certified Public Accountants (SOCPA) announced that it has referred two commercial establishments to the Public Prosecution, in direct coordination with the relevant security authorities. This decisive action was taken after it was proven that the two establishments were engaged in accounting, auditing, and financial consulting activities without obtaining the necessary licenses from SOCPA.

Details of observed violations

The investigations and oversight conducted by the Authority's teams revealed details of the violations. It was found that a licensed financial advisory firm (excluding securities) exceeded the scope of its license by publishing promotional advertisements on its website and social media platforms offering "financial statement certification" services. This constitutes a clear violation of the provisions of the Accounting and Auditing Profession Law, as the firm does not possess the license authorizing it to provide auditing services.

In a related context, the Authority detected another commercial establishment that offered auditing services through its website, in addition to placing an external sign in front of its headquarters containing phrases that suggest to the public that it practices the profession of accounting and auditing, without obtaining any regulatory license that allows it to practice this sensitive activity.

Regulatory context and protection of the profession

These actions are part of the oversight role undertaken by the Saudi Organization for Certified Public Accountants (SOCPA) to ensure adherence to professional and ethical standards. These violations are considered offenses under Article 10 of the Accounting and Auditing Profession Law, given their potential to mislead the public and investors, and to seriously harm the integrity of the profession and the credibility of financial reports, which are fundamental to sound economic decision-making.

The importance of monitoring the investment environment

This measure is of paramount importance both domestically and economically, as the Kingdom seeks to enhance transparency and credibility in the business sector. The existence of financial reports issued by unlicensed entities can lead to misleading financial information, jeopardizing shareholders' rights and negatively impacting the confidence of local and international investors in the Saudi market. Therefore, addressing such violations is an integral part of protecting the investment environment and ensuring the quality of financial outputs.

The authority concluded its statement by affirming its continued commitment to taking all regulatory and supervisory measures firmly, stressing the need for all individuals and establishments to comply with the relevant regulations and bylaws to avoid legal accountability and the resulting penalties.

The Saudi News Network first launched on Twitter via its official account, @SaudiNews50, and quickly became one of the Kingdom's leading independent news sources, thanks to its fast and reliable coverage of major local and international events. Due to the growing trust of its followers, the network expanded by launching its website, a comprehensive news platform offering regularly updated content in the fields of politics, economics, health, education, and national events, presented in a professional style that meets the public's expectations. The network strives to enhance public awareness and provide accurate information in a timely manner through on-the-ground reporting, in-depth analysis, and a specialized editorial team, making it a trusted source for anyone seeking up-to-the-minute Saudi news.

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Passport control completes procedures for guests of the World Defence Exhibition 2026

The General Directorate of Passports has completed the entry procedures for guests of the World Defense Show 2026 at King Khalid International Airport through technological platforms and qualified personnel to ensure smooth movement.

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Passport control completes procedures for guests of the World Defence Exhibition 2026

The Saudi Ministry of Interior, represented by the General Directorate of Passports at King Khalid International Airport in Riyadh, announced the successful and seamless completion of entry procedures for guests and visitors of the World Defence Exhibition 2026. The Directorate mobilized all its human and technological resources to ensure an exceptional arrival experience for participants in this major global event, by allocating modern passport control counters equipped with the latest digital systems and staffed by highly trained personnel to handle international delegations.

The General Directorate of Passports explained that this step comes within the framework of the integrated efforts undertaken by the Kingdom of Saudi Arabia to enhance the experience of visitors and exhibitors coming from around the world, and to facilitate their entry procedures to participate in the third edition of the exhibition. This high level of logistical preparedness reflects the Kingdom's commitment to providing smart and efficient government services befitting its status as a global destination for major exhibitions and conferences.

World Defence Exhibition: A global platform with a Saudi vision

The third edition of the World Defense Show 2026 will take place in Riyadh, specifically at the exhibition site in Malham, north of the city, from February 8 to 12. The exhibition is held under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and is organized and supervised by the General Authority for Military Industries (GAMI). This event is considered one of the world's leading defense and security exhibitions, bringing together major international companies, military experts, and decision-makers to discuss the future of defense and security.

Strategic importance and its alignment with Vision 2030

The World Defence Exhibition (WDE) holds significant strategic importance as it represents a cornerstone in achieving the goals of Saudi Vision 2030, particularly regarding the localization of military industries. The Kingdom aims to localize more than 50% of government spending on military equipment and services by 2030. The exhibition provides an ideal environment for exchanging expertise, forging strategic partnerships between local and international companies, and showcasing the latest technologies in the field of operational interoperability.

Integration of defense and security fields

The exhibition is distinguished by its comprehensiveness, covering the five main defense domains: land, sea, air, space, and security. This edition is expected to feature a significant presence of emerging technologies and artificial intelligence in the military field, further solidifying the Kingdom's position as a pivotal hub for the defense industry in the region. The successful facilitation of entry for delegations by the General Directorate of Passports is a key factor in the success of this international event, reflecting positively on the Kingdom's organizational readiness.

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Agreement to regulate and empower street vendors in Jeddah: Details and objectives

The Jeddah Municipality signed an agreement with the Ministry of Municipalities and the Majid Association to regulate and empower street vendors, with the aim of improving the urban landscape and creating formal job opportunities in line with Vision 2030.

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Agreement to regulate and empower street vendors in Jeddah: Details and objectives

In a move aimed at promoting sustainable urban development and supporting the local economy, the Jeddah Municipality signed a strategic tripartite cooperation agreement on Thursday with the Street Vendors Support, Development, and Empowerment Team at the Ministry of Municipalities and Housing, and the Majid Bin Abdulaziz Society for Development and Social Services. This agreement comes as part of a broader initiative underway in the Kingdom to regulate the informal sector and integrate it into the formal economy.

Details of the agreement and its parties

The signing ceremony was attended by high-ranking officials, including His Excellency Mayor Saleh Al-Turki, representing the Jeddah Municipality; Her Royal Highness Princess Najoud bint Hathloul bin Abdulaziz, General Supervisor of the Street Vendor Support and Development Program, representing the Ministry of Municipalities and Housing; and Baraa Al-Abdi, Executive Director of the Majid Society. This partnership reflects the integration between the government and non-profit sectors to achieve the goals of the Kingdom's Vision 2030 regarding citizen empowerment and improving quality of life.

Goals that go beyond traditional organization

The objectives of this agreement are not limited to simply identifying sales locations, but extend to include a comprehensive vision for empowering street vendors through:

  • Providing a safe and orderly environment: Allocating equipped sites that ensure the safety of both vendors and consumers.
  • The shift towards institutional work: helping vendors develop their businesses so that they can eventually transition from street vendors to owners of stable commercial establishments, thus promoting small business entrepreneurship.
  • Addressing visual distortion: Eliminating the haphazard nature of sales that negatively affects the city's aesthetics, and replacing it with civilized models that are consistent with Jeddah's urban identity.

Developmental context and economic impact

This initiative comes at a time when the Kingdom is giving considerable attention to the "quality of life" file and addressing visual pollution in major cities. Regulating the work of street vendors is a fundamental pillar in transforming the informal economy into a formal economy that contributes to the gross domestic product. Instead of pursuing vendors, modern strategies focus on integrating and training them, creating formal job opportunities for citizens and reducing unemployment rates, while simultaneously ensuring consumer protection through oversight of the goods offered.

Areas of cooperation and training

According to the terms of the agreement, work will proceed along several implementation tracks, including:

  • Establishing precise regulatory controls and standards for the activity.
  • Implementing intensive training programs for salespeople in the areas of public health, food safety, and marketing and sales skills, to ensure the provision of a professional service.
  • Launching awareness workshops and community initiatives to raise awareness of the importance of supporting this sector.

Towards smart and sustainable cities

In keeping with technological advancements, the agreement focuses on developing innovative solutions that align with the requirements of smart cities, as well as conducting regular field studies to measure the social and economic impact of these initiatives. Specialized exhibitions and events will also be organized, allowing vendors to showcase their products in a competitive and attractive environment, thus boosting the income of productive families and ambitious young Saudis.

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Saudi Arabia weather today: Heavy rain and flash floods in Riyadh and 8 other regions

Check the weather forecast for Saudi Arabia today. The National Center for Meteorology predicts heavy thunderstorms and flash floods in Riyadh, Mecca, Medina, and five other regions, accompanied by strong winds.

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Saudi Arabia weather today: Heavy rain and flash floods in Riyadh and 8 other regions

The National Center for Meteorology in Saudi Arabia issued its daily weather report for today (Friday), indicating that the Kingdom's atmosphere will be affected by a state of atmospheric instability encompassing large areas of the country. The center predicted thunderstorms ranging from moderate to heavy, which may lead to flash floods in valleys and ravines, accompanied by hail and strong winds that will stir up dust and sand.

The detailed report indicated that rainfall would be concentrated primarily in parts of Al-Baha, Makkah, Madinah, Riyadh, Qassim, and Hail regions, in addition to the Northern Borders and Eastern Province. The center warned that surface winds associated with these thunderstorms could cause a significant reduction in horizontal visibility, sometimes to near-zero visibility in open areas and on highways, necessitating caution from drivers.

In a related context, the center indicated that the rain area will extend to parts of Al-Jawf, Tabuk, Asir, and Jazan regions, where light rainfall is expected. These forecasts are part of the weather fluctuations the Kingdom experiences during seasonal transitions, as the region is affected by low-pressure systems that contribute to the formation of cumulonimbus clouds and rain.

These warnings are of paramount importance given the diverse geography of the affected areas, which include densely populated regions such as the capital, Riyadh, and Mecca, as well as agricultural and desert regions. Such weather alerts are typically accompanied by calls from the General Directorate of Civil Defense urging citizens and residents to stay away from floodplains and wadis, to avoid crossing wadis while they are flowing, and to adhere to safety instructions disseminated through official media outlets.

This report reflects the ongoing efforts of the National Center of Meteorology to monitor and track weather phenomena using the latest technologies and satellites, with the aim of providing accurate information that contributes to protecting lives and property, and helps the concerned authorities to take the necessary measures to deal with heavy rainfall and its potential impacts on infrastructure and traffic.

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