
MBC CEO granted Saudi premium residency
Sneesby said in a post on X that he feels 'immense pride in obtaining the premium residency in this country I have come to love, and have chosen to make my home since moving from Australia.'
The executive took the helm at the Saudi media group earlier this year after serving as CEO of Nine Entertainment.
The premium residency was launched in 2019 and allows eligible foreigners to live in the Kingdom and receive benefits such as exemption from paying expat and dependents fees, visa-free international travel, and the right to own real estate and run a business without requiring a sponsor.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Arab News
28 minutes ago
- Arab News
New parking management system for Riyadh residential areas
RIYADH: A new system to regulate parking in Riyadh's residential neighborhoods will come into effect on Saturday. The managed parking system will issue digital permits to residents and visitors through the Riyadh Parking app, without a fee. It was introduced to reduce congestion and prevent vehicles from main roads spilling into residential areas, according to the Saudi Press Agency. The new system will be rolled out initially in the Al-Wurud neighborhood, with plans in place to expand the project to other areas near existing paid parking zones. It aligns with the Saudi Vision 2030 goal to create a more organized urban environment and improve quality of life for residents. The project follows the earlier introduction of paid parking on some streets in the capital in 2024. Riyadh Parking also announced the introduction of paid parking in several new locations. From Saturday, paid parking will be in effect on Prince Mosaad Bin Jalawi Road in both directions, between King Abdulaziz Road and Makkah Al-Mukarramah Road. The Makkah Road, from King Abdulaziz Road to the intersection of Prince Msaad bin Jalawi Road, will also require paid parking from Saturday. The Riyadh Parking app, linked to the national Nafath platform, allows residents to pay for parking. It also uses monitoring vehicles equipped with cameras to enforce parking regulations. It aims to regulate more than 140,000 unpaid residential spaces and 24,000 paid commercial spaces across the capital. Twelve districts, including Al-Wurud, Al-Rahmaniyah, western Al-Olaya, Al-Murouj, King Fahd and Al-Sulaymaniyah, as well as four southern districts, will be covered in this phase. The project is the result of a partnership between Remat Al-Riyadh Development Company, the mayoralty's development arm, and STC.


Arab News
28 minutes ago
- Arab News
Saudi Arabia leads Pakistan's July worker remittances as inflows hit $3.2 billion
KARACHI: Saudi Arabia was the top source of Pakistani workers' remittances in July, as overall inflows reached $3.2 billion, up 7.4 percent year-on-year, the State Bank of Pakistan (SBP) said on Friday. Remittances are a key pillar of Pakistan's external finances, providing hard currency that supports household consumption, helps narrow the current-account gap and bolsters foreign exchange reserves. The steady pipeline from Gulf economies, led by Saudi Arabia and the UAE, has remained crucial for Pakistan's balance of payments. The SBP said July inflows were 'mainly sourced from Saudi Arabia ($823.7 million), United Arab Emirates ($665.2 million), United Kingdom ($450.4 million) and United States of America ($269.6 million).' 'Workers' remittances recorded an inflow of $ 3.2 billion during July 2025,' the central bank said in a statement. Pakistan received a record $38.3 billion in workers' remittances during the last fiscal year, reporting an increase of about $8 billion over a 12-month period that exceeds the country's ongoing $7 billion International Monetary Fund (IMF) loan program. According to the State Bank of Pakistan, Saudi Arabia led all contributors during FY25, with remittances totaling $9.34 billion, followed by the United Arab Emirates at $7.83 billion, the United Kingdom at $5.99 billion and the United States at $3.72 billion. Remittances from Gulf Cooperation Council (GCC) countries excluding Saudi Arabia and the UAE totaled $3.71 billion, while EU countries contributed $3.53 billion. Economists say remittances function as a stabilizer for Pakistan's economy, helping millions of households manage expenses while giving policymakers breathing room during periods of tight external financing conditions. With traditional sources in the Middle East still accounting for the bulk of transfers, the trajectory of regional labor demand remains central to Pakistan's outlook on remittance flows.


Arab News
an hour ago
- Arab News
Iraq denies any role in sanctioned Iran oil smuggling
BAGHDAD: Iraqi authorities denied on Friday that the country had played any part in Iranian efforts to evade US sanctions on oil exports after Washington last month linked a local businessman to the practice. In early July, the US State Department sanctioned six entities and identified four vessels as having 'knowingly engaged in a significant transaction for the purchase, acquisition, sale, transport, or marketing' of Iranian petroleum products. Among the sanctioned entities was a network of companies run by Iraqi businessman Salim Ahmed Said accused of having 'profited from smuggling Iranian oil disguised as, or blended with, Iraqi oil.' On Friday, the director of Iraq's state oil marketing company SOMO denied any Iraqi role in such sanctions evasion. 'There are no smuggling or (petroleum) blending operations at Iraqi ports or in its territorial waters,' Ali Nizar told the official INA press agency. 'It is totally false to speak of the existence of sites allowing the smuggling of Iraqi oil and mixture with oil from neighboring countries.' On Tuesday, an AFP journalist, at the invitation of authorities, accompanied naval personnel on an operation to inspect the paperwork of oil vessels in territorial waters off southern Iraq. Iran has denounced US sanctions on its oil sector, calling a subsequent round of restrictions in late July a 'a malicious act aimed at undermining the economic development and welfare of the Iranian people.'