Ministry takes action against fake discount

Updated 22 November 2014

Ministry takes action against fake discount

The Ministry of Commerce and Industry has closed down two branches of a prominent retail group in Jeddah after complaints of fake discounts on its sales of electronic products.
The ministry also posted the announcement on the social networking site Twitter with three photos confirming the closure of the two branches of eXtra and said that it had taken punitive action against other outlets following customer complaints.
A number of customers said that the store was offering a 15 percent discount on some products but in fact, there was no change in the prices. On the other hand, there was a raise in the rates of other products indicating a clear manipulation of prices.
“The Ministry of Commerce and Industry will continue to monitor discount announcements made by stores and ensure their commitment to local laws,” a ministry statement said.
The cases of violation, classified as commercial fraud, have been referred to the Investigation and Prosecution Department for further action.
The ministry stressed that all shops, trading facilities and selling points should abide by the law and put price tags on their displayed items.
The ministry pointed out that inspections will be carried out to ensure that prices are shown on items and that violating shops will be reported.


Saudi King praises role of women at W20 summit

Updated 22 October 2020

Saudi King praises role of women at W20 summit

RIYADH: Saudi Arabia’s King Salman has praised the exceptional role played by women during the coronavirus pandemic.
In a speech delivered at the end of the W20, the G20 women’s engagement group, on Wednesday, King Salman said: “I would like to express my gratitude to the Women 20 Engagement Group for their remarkable efforts and commitment to deliver their agenda during these unprecedented times caused by the COVID -19 pandemic.”
The Saudi king described women as the source of evolution for any society and said that without empowered women it is difficult to reform societies. 
“Women are the main source of development for any society. Hence, without empowered women, it is almost impossible to implement any societal reforms given that women form half of the societies and they are the ones who raise up generations. Women has proven through history their remarkable role in leading change and in decision making.”
The king noted that Saudi Arabia’s presidency of the G20 has dedicated special attention to discussing policies related to women across different ministerial and working group meetings.