TOP STORY

Saudi’s Regional Headquarters Program Moves Forward

RHQ image, Riyadh

In February the Zakat, Tax and Customs Authority published guidelines specifying RHQ tax rules. Under the new rules, specific activities qualify for tax incentives. The new RHQ tax rules aim to clarify the scope and conditions of tax relief for RHQ entities, as announced by MISA in December 2023.  [more]

 

TOP STORY

EU announces five-year Schengen visas for Saudi, Omani and Bahraini citizens

Schengen

The EU will now allow citizens from Saudi Arabia, Oman, and Bahrain to apply for five-year Schengen visas. This marks a significant step forward in strengthening people-to-people relations between the EU and the GCC.

[more]

 

TOP STORY

Global Defense Spending Spikes in 2023

The launch an F/A-18E Super Hornet from Strike Fighter Squadron (VFA) 195 from the flight deck aboard the Navy’s forward-deployed aircraft carrier USS Ronald Reagan (CVN 76). Photo via DOD.

According to a study by Forecast International in 2023 global defense spending grew at its fastest pace in the last decade as governments respond to security crises unfolding around the world.

[more]

 
 

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