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GCC VAT Overhaul Reshapes Cross-Border Trade Across the Gulf as Businesses Prepare for Stricter Tax Compliance Rules

GCC VAT Overhaul is reshaping regional trade rules as Gulf countries move toward stronger tax coordination. The updated framework will affect companies that move...

Saudi Contractor MGC Eyes Expansion Through Multi-Billion-Riyal Stock Market Listing

Saudi contractor Mutlaq Al-Ghowairi Contracting Company (MGC) plans to raise between SAR2.6 billion and SAR3 billion ($690 million to $800 million) through its upcoming...

GCC VAT Overhaul Reshapes Cross-Border Trade Across the Gulf as Businesses Prepare for Stricter Tax Compliance Rules

GCC VAT Overhaul is reshaping regional trade rules as Gulf countries move toward stronger tax coordination. The updated framework will affect companies that move...

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GCC VAT Overhaul Reshapes Cross-Border Trade Across the Gulf as Businesses Prepare for Stricter Tax Compliance Rules

GCC VAT Overhaul is reshaping regional trade rules as Gulf countries move toward stronger tax coordination. The updated framework will affect companies that move...

Saudi Arabia Signs $150 Million Fuel Supply Agreement to Support Yemen’s Electricity Sector

Saudi Arabia and Yemen have signed a $150 million agreement to supply petroleum derivatives for electricity generation, reinforcing efforts to improve power services across...

Saudi Contractor MGC Eyes Expansion Through Multi-Billion-Riyal Stock Market Listing

Saudi contractor Mutlaq Al-Ghowairi Contracting Company (MGC) plans to raise between SAR2.6 billion and SAR3 billion ($690 million to $800 million) through its upcoming...

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Saudi Lending Growth Reaches Record as Corporate Credit Drives Expansion

Saudi Arabia’s banking sector continues to expand at a strong pace. Total bank credit has reached SR3.1 trillion, equal to $827 billion. As a...

Saudi Arabia Lifts Cabotage for Charter Flights

Saudi Arabia cabotage for charter flights has taken a major step in boosting its aviation sector by removing cabotage restrictions. This move allows international charter...

GCC tax shift drives fiscal sustainability

The GCC tax shift marks a new era in the region’s economic strategy. Gulf countries now prioritize fiscal stability and long-term growth. Previously known for low taxes,...

Saudi Arabia Maintains Stability Amid External Debt Growth

Saudi external debt growth continues to show strength as external debt rises. The increase comes as part of the nation’s Vision 2030 push, which...

Saudi Arabia Sees Sharp Rise in Gold Jewellery Demand in 2025

The Saudi gold jewellery trend continued to grow strongly during the first quarter of 2025. Despite high gold prices, shoppers in Saudi Arabia kept...

Saudi Arabia and Qatar Settle Syria’s World Bank Arrears to Boost Reconstruction

The World Bank support for Syria have decided to jointly pay Syria’s $15 million debt to the World Bank. This move unlocks critical World...

Qatar and Saudi Arabia Deepen Strategic Cooperation in Doha

Qatar and Saudi strategic cooperation gained momentum this week during high-level talks in Doha. On Tuesday, leaders from both nations gathered to strengthen bilateral...

Saudi Arabia Sees Big Opportunity for AI-Powered PCs

Saudi Arabia is seeing a major opportunity in the market for AI-powered PCs. A new survey revealed that only six per cent of people currently...

Saudi Credit Facilities Expand to Boost Non-Oil Exports

Saudi Arabia is scaling up its efforts to support global trade. As part of this, Saudi credit facilities more than doubled recently. This growth...

Saudi Arabia Strengthens Media Growth with New Leadership

Saudi Arabia is taking bold steps to grow its media sector with a strong focus on trusted media solutions. In this context, the country has...

Saudi Islamic finance drives strong global growth

Saudi Arabia continues to lead in global Islamic finance. The Saudi Islamic finance market is growing fast, backed by Vision 2030. Strong sukuk activity...

Saudi Arabia Tourist VAT Refund Begins

Saudi Arabia now allows tourists to claim back the 15% Value Added Tax (VAT) they pay during their visit. The Saudi Arabia VAT refund system, launched...