The Ministry of Commerce has emphasized that businesses engaged in the trade of precious metals and gemstones must verify customer identities and undertake due diligence when conducting cash purchases or sales valued at SR50,000 or more, whether in a single…
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Saudi Arabia remained the Middle East’s largest gold jewelry market in the third quarter of 2026, even as regional demand fell sharply, according to the World Gold Council.
Saudi Arabia’s Masam project has cleared 600,000 landmines, unexploded ordnance and improvised explosive devices across Yemen since beginning operations in June 2018.
Oman has opened new areas for mineral exploration to international investors as it seeks to attract foreign capital and reduce its dependence on oil and gas revenues.
Saudi Arabia’s valid mining licenses increased by 524 to reach 2,925 in 2025, while the cumulative number of discovered mineralization sites rose to 5,680, according to the General Authority for Statistics (GASTAT).
