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

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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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UK and Gulf Cooperation Council Reach Historic Trade Pact to Improve Market Access

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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...

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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 Economy Shows Strength and Resilience

Crown Prince Mohammed bin Salman opened the new session of the Shoura Council on behalf of King Salman. During his speech, he underlined the...

Saudi Industrial Production Rises in July 2025

Saudi Arabia’s industrial production index increased by 6.5% in July 2025 compared to the same month last year. Moreover, the results reflect strong growth...

Saudi Arabia Migrant Workers Face Wage Theft Linked to Aramco Projects

Hundreds of migrant workers employed by Sendan International reported unpaid salaries for up to eight months. The workers, including those on Aramco project sites,...

Saudi Arabia’s GDP Rises on Non-Oil Sector Growth

Saudi Arabia GDP increased 3.9 percent in the second quarter, driven mainly by robust non-oil sector performance. This growth continues the Kingdom’s expansion streak...

Saudi Stock Market Slips as Tadawul Index Ends at 10,619

The Riyadh bourse ended lower as the Tadawul All Share Index slipped 48.34 points to 10,619.10. The benchmark fell 0.45 percent, signaling investor caution....

Saudi Sukuk Issuance Jumps to $1.42bn as Investor Demand Strengthens

Saudi Arabia’s National Debt Management Center announced it raised SR5.31 billion ($1.42 billion) through its riyal-denominated sukuk program. Moreover, this figure represented a 5.8...

Saudi Capital Restructuring Puts Petro Rabigh on Recovery Path

Saudi capital restructuring is reshaping Petro Rabigh as the company pursues financial recovery. The refining and petrochemical giant announced a bold plan to stabilize...

Saudi Media Deal Set to Transform MENA Advertising Market

Saudi Arabia’s SMC Group has renewed its strategic partnership with beIN Media Group, securing an exclusive role in managing advertising sales across 23 MENA...

Saudi Arabia’s non-oil growth stays strong in July

The Saudi private sector continued to grow steadily in July. Despite a slight dip in the PMI, business activity remained firm. The Purchasing Managers'...

Saudi Arabia Rolls Out VAT Refund to Supercharge Retail Tourism

Saudi Arabia introduced a new VAT refund program to improve the travel experience for international tourists. This VAT credit for tourists offers full reimbursement...

Saudi Arabia Real Estate Prices See Steady Growth

Saudi Arabia's real estate market maintained steady momentum in the second quarter. Moreover, Saudi Arabia real estate prices rose 3.2 percent year on year....

Saudi Arabia’s SABIC Suffers $1B Loss as IPO Strategy Takes Shape

Saudi Arabia’s leading chemical company, SABIC, has recorded another unexpected quarterly loss. This marks the third straight quarter of financial setbacks for the firm....
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