GCC, South Korea Conclude 5th Round of FTA Negotiations

A night view of Riyadh, Saudi Arabia.
A night view of Riyadh, Saudi Arabia.
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GCC, South Korea Conclude 5th Round of FTA Negotiations

A night view of Riyadh, Saudi Arabia.
A night view of Riyadh, Saudi Arabia.

The Gulf Cooperation Council (GCC) and South Korea concluded in Riyadh on Thursday the fifth round of negotiations on a free trade agreement (FTA), reported the Saudi Press Agency.

The two sides launched their negotiations on June 6, during which they tackled many topics aimed at increasing the flow of intra-trade, boosting investments, and opening global markets to the exports of the GCC member states.

General Coordinator of Negotiations and Head of the GCC Negotiating Team, Abdurrahman bin Ahmed Al-Harbi stated that such agreements are in line with the directives of the leaders of GCC member states that aim at strengthening the position of the Council and supporting its strategic relations with its partners around the world.

He said the agreement, which is under negotiation, will help bolster common gains, stimulate economic, commercial and investment growth in the GCC countries, support entrepreneurship and strengthen the business sectors in the GCC countries.



Saudi Interior Ministry to Impose Fines on Hajj, Umrah Firms Failing to Report Overstays 

The Saudi Ministry of Interior announced that fines will be imposed on companies that delay reporting individuals who remain in the Kingdom beyond their authorized stay. (SPA)
The Saudi Ministry of Interior announced that fines will be imposed on companies that delay reporting individuals who remain in the Kingdom beyond their authorized stay. (SPA)
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Saudi Interior Ministry to Impose Fines on Hajj, Umrah Firms Failing to Report Overstays 

The Saudi Ministry of Interior announced that fines will be imposed on companies that delay reporting individuals who remain in the Kingdom beyond their authorized stay. (SPA)
The Saudi Ministry of Interior announced that fines will be imposed on companies that delay reporting individuals who remain in the Kingdom beyond their authorized stay. (SPA)

The Saudi Ministry of Interior emphasized on Monday that Hajj and Umrah service companies and establishments must strictly abide by all related regulations and instructions in the Kingdom.

It announced that fines will be imposed on any company or establishment serving pilgrims and Umrah performers that delays reporting individuals who remain in the Kingdom beyond their authorized stay to the relevant authorities.

Fines can reach SAR100,000 (USD26,000) and will be multiplied based on the number of individuals who violate their departure deadlines.