MCI, Saudi Arabia Drives Digital Agenda with XBRL-based QAWAEM ProgramCase Study – Ministry of Commerce and Industry (MCI), Saudi Arabia 2 T he Ministry of Commerce and Industry (MCI), Saudi Arabia, established in 2003, is responsible for all aspects of commercial and industrial activity in the Kingdom. It aims to achieve a leading position for both Saudi trade as well as industry sectors, under a fair and stimulating environment. The MCI launched the QAWAEM program in January 2015, for online filing of financial statements using XBRL, powered by IRIS iFile, in cooperation with the Saudi Organization for Certified Public Accountants (SOCPA) and the Department of Zakat and Income. Background The Ministry of Commerce and Industry (MCI) develops and implements efficient policies a

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