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Saudi Arabia Wins First-Ever Seat in International Auditing and Assurance Standards Board

PIOB announced the selection of Sami bin Mohammad Al-Shorafa, the General Director of the General Department of Financial Statements and Auditors at the Capital Market Authority, to represent Saudi Arabia on the International Auditing and Assurance Standards Board (IAASB) for a period of three years.
PIOB announced the selection of Sami bin Mohammad Al-Shorafa, the General Director of the General Department of Financial Statements and Auditors at the Capital Market Authority, to represent Saudi Arabia on the International Auditing and Assurance Standards Board (IAASB) for a period of three years.
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Saudi Arabia Wins First-Ever Seat in International Auditing and Assurance Standards Board

PIOB announced the selection of Sami bin Mohammad Al-Shorafa, the General Director of the General Department of Financial Statements and Auditors at the Capital Market Authority, to represent Saudi Arabia on the International Auditing and Assurance Standards Board (IAASB) for a period of three years.
PIOB announced the selection of Sami bin Mohammad Al-Shorafa, the General Director of the General Department of Financial Statements and Auditors at the Capital Market Authority, to represent Saudi Arabia on the International Auditing and Assurance Standards Board (IAASB) for a period of three years.

The Public Interest Oversight Board (PIOB) announced the selection of Sami bin Mohammad Al-Shorafa, the General Director of the General Department of Financial Statements and Auditors at the Capital Market Authority, to represent the Kingdom of Saudi Arabia on the International Auditing and Assurance Standards Board (IAASB) for a period of three years, SPA said on Thursday.
This marks the first-ever Saudi seat at the IAASB.
The selection comes as part of the announcement by the PIOB approving appointments and reappointments to both the International Ethics Standards Board for Accountants (IESBA) and the IAASB, which will be effective from January 1, 2024.

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Saudi Ministry of Environment Issues First License for Aeroponics Agriculture in the Middle East

Saudi Ministry of Environment Issues First License for Aeroponics Agriculture in the Middle East
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Saudi Ministry of Environment Issues First License for Aeroponics Agriculture in the Middle East

Saudi Ministry of Environment Issues First License for Aeroponics Agriculture in the Middle East

The Ministry of Environment, Water, and Agriculture issued the first operational license for a commercial agricultural project utilizing aeroponics in the Middle East, reported the Saudi Press Agency on Saturday.

The project aims to contribute significantly to the local market's agricultural needs through sustainable production.

The Ministry's Undersecretary for Agriculture, Eng Ahmad Al-Ayada, made the announcement during a ceremony attended by representatives of a coalition local and international companies: Tamimi Markets Group from Saudi Arabia, Mitsui Group from Japan, and Zero Group from Italy.

Through the Green Dunes Company, the coalition will come up with modern agricultural solutions powered by cutting-edge technologies and AI. These efforts align with the Kingdom's National Agriculture Strategy and the broader goals of Vision 2030, which aim to build a sustainable agricultural future.

According to the ministry, the project's first phase has been completed. It entailed the establishment of an aeroponics farm to produce various vegetable varieties. The method is noted for its efficiency, as it reduces water consumption by 95% compared to traditional farming techniques and enables year-round productivity.

The project integrates AI and automation at all production stages, employing advanced monitoring systems and performance indicators to optimize output.