Saudi Arabia Examines Mechanisms of Technical Services Pricing

The Non-oil Revenue Development Center seeks to achieve financial sustainability and diversify sources of income. (Asharq Al-Awsat)
The Non-oil Revenue Development Center seeks to achieve financial sustainability and diversify sources of income. (Asharq Al-Awsat)
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Saudi Arabia Examines Mechanisms of Technical Services Pricing

The Non-oil Revenue Development Center seeks to achieve financial sustainability and diversify sources of income. (Asharq Al-Awsat)
The Non-oil Revenue Development Center seeks to achieve financial sustainability and diversify sources of income. (Asharq Al-Awsat)

The Saudi government is currently examining the legal tools by which fees are imposed for services provided by technology companies for the benefit of government agencies.

According to information obtained by Asharq Al-Awsat, the government requested all public agencies to provide the Non-oil Revenue Development Center, within a period not exceeding 30 days, with all data related to fees and charges imposed by government, semi-government and private technology companies in exchange for operating electronic platforms or providing relevant services.

The Non-oil Revenue Development Center seeks to achieve financial sustainability and diversify sources of income. It enjoys legal personality and financial and administrative independence, and is organizationally linked to the Minister of Finance.

The center aims to support government agencies and programs related to increasing non-oil revenues in the country.

The center also follows up on the implementation of the approved initiatives, addresses difficulties faced by government agencies, and coordinates efforts with public agencies and vision realization programs regarding the implementation of joint initiatives.

The government has previously requested all public agencies to coordinate with the Non-oil Revenue Center when studying, evaluating, signing or renewing contracts that entail the collection of any sums of money in return for providing or facilitating the implementation of government agencies’ services, in addition to providing the center with a copy of all existing contracts.



Turkish April Inflation at 3% Monthly, Stood at 37.86% Annually

Tourists sail through Bosphorus on a boat to enjoy the historical sightseeings of in Istanbul, Türkiye, April 25, 2025. REUTERS/Umit Bektas
Tourists sail through Bosphorus on a boat to enjoy the historical sightseeings of in Istanbul, Türkiye, April 25, 2025. REUTERS/Umit Bektas
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Turkish April Inflation at 3% Monthly, Stood at 37.86% Annually

Tourists sail through Bosphorus on a boat to enjoy the historical sightseeings of in Istanbul, Türkiye, April 25, 2025. REUTERS/Umit Bektas
Tourists sail through Bosphorus on a boat to enjoy the historical sightseeings of in Istanbul, Türkiye, April 25, 2025. REUTERS/Umit Bektas

Turkish inflation climbed 3% in April to stand at 37.86% annually, according to the Turkish Statistical Institute data on Monday, slightly lower than a Reuters poll forecast.
Education, housing and restaurant prices led the rise in the annual print while clothing, housing and transportation added to the monthly inflation, according to data.
In a Reuters poll, monthly inflation rate was expected to climb to 3.1% in April on the back of energy prices and FX pass-through, with the annual rate seen sliding to 38%.
In March, inflation stood at 2.46% on a monthly basis and 38.1% annually.
Economists have said a hike in electricity and natural gas prices, rising unprocessed food prices and prices of items that are directly impacted by currency volatility, caused the spike in the monthly inflation.
In March, Turkish lira and assets suffered after Istanbul Mayor Ekrem Imamoglu - Erdogan's main political rival - was jailed over graft charges pending a trial. The currency later recovered but stood some 5% weaker compared to before the incident.
The domestic producer price index rose 2.76% month-on-month in April for an annual rise of 22.5%, the data showed.