Alibaba Bans Alcohol Sales to Saudi Arabia in Compliance Move

Alibaba Bans Alcohol Sales to Saudi Arabia in Compliance Move

Alibaba.com has announced a new regulation prohibiting the sale of alcoholic beverages and food products to Saudi Arabia. This rule, effective February 18, 2025, is based on Saudi Arabian law and Islamic Sharia, which forbids the sale of alcohol. Merchants are advised to review existing orders and adjust their sales strategies accordingly. Alibaba.com will strengthen its monitoring and impose penalties on violators. This measure aims to ensure that platform merchants comply with Saudi Arabian laws and highlights the importance of compliant operations in cross-border e-commerce.

11/03/2025 Customs Knowledge
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Guide to Banque Nationale De Guine SWIFT Codes for Transfers

Guide to Banque Nationale De Guine SWIFT Codes for Transfers

This article analyzes the SWIFT code (BQNGGNGNXXX) of the Central Bank of the Republic of Guinea, providing a guide for cross-border money transfers. It emphasizes the importance of accurate information and explores alternative options to ensure the safe and efficient arrival of funds. The guide aims to help users navigate the complexities of international money transfers involving the Bank of Guinea, highlighting best practices for minimizing errors and potential delays. It also touches upon the significance of verifying recipient details to prevent fraudulent activities.

09/03/2025 International Settlement
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Paraguayan Guarani Fluctuates Against US Dollar Amid Economic Shifts

Paraguayan Guarani Fluctuates Against US Dollar Amid Economic Shifts

This article analyzes the fluctuations in the exchange rate between the Paraguayan Guarani (PYG) and the US Dollar (USD), while also exploring comparisons with other major currencies and the impact of central bank interest rate policies on the exchange rate. Currently, the PYG exhibits volatility, prompting investors to pay attention to economic trends and market dynamics.

08/11/2025 Exchange Rate Query
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Swedens Riksbank Details SWIFTBIC Code and Transfer Protocols

Swedens Riksbank Details SWIFTBIC Code and Transfer Protocols

This article provides a detailed overview of the SWIFT/BIC code RIKSSESRRXO used by the Central Bank of Sweden, SVERIGES RIKSBANK. It emphasizes the importance of this code in international remittances and outlines necessary precautions for senders. The article reminds remitters to ensure the accuracy of the code to avoid delays and losses caused by misdirected funds.

09/04/2025 International Settlement
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Sri Lankan Rupee Exchange Rates Key Tools for Travelers Investors

Sri Lankan Rupee Exchange Rates Key Tools for Travelers Investors

The Sri Lankan Rupee is the official currency of Sri Lanka, and understanding its exchange rate dynamics and denominations is crucial for tourists and investors. This article provides information on the rupee's exchange rates, the types of banknotes, and the influence of the central bank, reminding readers to acquire relevant knowledge for a smoother travel and investment experience.

08/25/2025 Exchange Rate Query
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Saudi Arabia Updates SASO 2902 Energy Efficiency Standards for Exports

Saudi Arabia Updates SASO 2902 Energy Efficiency Standards for Exports

Saudi Arabia's energy efficiency standard SASO 2902 has undergone a significant update, impacting exports of products like LED lamps. Companies need to pay attention to the implementation of the new standard SASO 2902:2018/AMD2:2023 and promptly change or reapply for certificates. The label change upgrade window closed on May 31, 2025. It is crucial to be aware of the mandatory effective and enforcement dates to ensure products comply with Saudi energy efficiency standards and avoid the risk of detention.

11/03/2025 Customs Knowledge
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Saudi Arabia Expands Aviation Sector with New Airline, IATA Hub

Saudi Arabia Expands Aviation Sector with New Airline, IATA Hub

The Saudi Arabian government has announced that the International Air Transport Association will establish a regional office in Riyadh to meet the growing demands of the industry. Additionally, plans are underway to launch a new flagship airline aimed at transforming Saudi Arabia into a global logistics hub, enhancing economic diversification, and reducing reliance on oil. The new airline is expected to increase the number of international routes significantly and boost air cargo capacity, with an anticipated ranking as the fifth largest in global air transit volume.

07/29/2025 Logistics
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Saudi Arabia Streamlines Customs to Boost Trade Under Vision 2030

Saudi Arabia Streamlines Customs to Boost Trade Under Vision 2030

Saudi Arabia's latest customs regulations include a complete exemption from export service fees, a reduction in import service fees to 0.15% of the goods' value, the implementation of a temporary import duty exemption policy, and an expanded range of tariff exemptions for industrial products. These regulations aim to simplify trade processes, reduce costs, and promote economic diversification and sustainable development, offering new opportunities for businesses. Companies need to actively adapt to the new rules and seize market opportunities.

07/29/2025 Logistics
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Saudi Arabias Rising Demand for Water Purifiers Sparks Market Shift

Saudi Arabias Rising Demand for Water Purifiers Sparks Market Shift

The Saudi Arabian water purifier market is booming due to increasing water pollution and rising consumer demand for healthy drinking water. This article analyzes the market's growth drivers, key water purifier types, and operating modes. It provides a buying guide, emphasizing the benefits of water purifiers in reducing infection risks and improving health. The piece also explores purchasing channels such as specialty stores and online retail, as well as the growing demand for water purifiers in the Horeca industry.

12/30/2025 Logistics Industry Insights
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