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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 POS Spending Holds Strong as Education and Hotels Lead Growth

Saudi Arabia recorded strong consumer activity, with Saudi POS spending reaching $3.16 billion during the latest reporting week. Although overall activity dipped slightly, this...

Saudi POS Spending Holds Strong for Fourth Week

Saudi Arabia continues to display strong economic momentum as POS spending trends remain above $3 billion for the fourth week. This consistent level suggests...

Saudi Arabia Launches New Airline to Boost Air Travel Capacity

Saudi Arabia has taken a major step to strengthen its air travel industry. Enhancing air connectivity The country has announced a new national low-cost...

Saudi Arabia’s Bank Loans Grow Fast with Corporate Lending

Saudi Arabia’s banking sector is witnessing a rapid rise in loans, led by Saudi corporate lending growth. Total bank loans in the Kingdom reached...

SABB Best Bank Saudi Arabia Title Awarded for 2025 Excellence

SABB best bank in Saudi Arabia, recognition highlights its exceptional growth, innovation, and commitment to Vision 2030. The prestigious Euromoney award named Saudi Awwal...

Saudi Arabia Launches New Financial Tool to Boost Global Access

Saudi Arabia introduced a groundbreaking step in its financial sector by unveiling Saudi Depositary Receipt (SDRs). This move allows investors within the Kingdom to...

Saudi Arabia Launches Saudi Depositary Receipts for Global Shares

Saudi Arabia has taken a major step to strengthen its financial markets. The Saudi Exchange has introduced Saudi depositary receipts for the first time....

Saudi Arabia Sets 90-Day Timeline for Landlord-Tenant Regulation Review

Saudi Arabia has launched a focused plan to strengthen landlord-tenant regulation. Crown Prince Mohammed bin Salman has directed a comprehensive study to improve rental...

Saudi PIF’s Assets Surge Past SAR4.3 Trillion in 2024 Amid Strong Revenue Growth

In 2024, Saudi PIF reached over SAR4.3 trillion by year-end. This increase marks an 18% rise compared to the previous year. The Public Investment...

Saudi Unemployment Rate Falls to Historic Low in Q1 2025

As reported by the General Authority for Statistics, the combined unemployment rate encompassing both Saudi citizens and expatriates in the Kingdom has declined to...

Saudi Arabia Opens Airspace to Over 1,300 Daily Flights During Regional Crisis

Saudi Arabia opens airspace to over 1,300 daily flights during regional crisis, responding quickly to the sharp rise in transit traffic. As tensions escalated...

Kiswa of the Kaaba Replaced in Saudi Arabia to Begin Islamic Year 1447

Saudi Arabia began the Islamic year 1447 AH with the ceremonial replacement of the Kiswa of the Kaaba in Makkah. Meanwhile, the General Presidency...
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