TAXATION IN SAUDI ARABIA

Saudi Arabia Gives Final Approval to VAT

Saudi Arabia's King Salman.
The Saudi Cabinet approved on Monday a GCC-wide measure for implementing a value added tax (VAT) of 5% on certain goods, according to reports.

Saudi Arabia

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OPEC

Saudi Arabia resumes swing producer role in oil: Kemp

By cutting their own output deeply, Saudi Arabia and Kuwait have masked the low level of compliance across the rest of the organisation....

 

GCC VAT

Saudi Arabia gives final approval to VAT

The GCC countries have already agreed to implement selective taxes on tobacco, and soft and energy drinks this year....

 

Trump Travel Ban

Why Saudi Arabia, Egypt Have Kept Mum About Muslim Travel Ban

One reason Middle Eastern governments have kept quiet is that most do not want to antagonize the Trump administration and have a vested interest in...

 

War in Yemen

Yemen’s Houthis Attack Saudi Ship, Launch Ballistic Missile

The armed Houthi movement attacked a Saudi warship off the western coast of Yemen on Monday, causing an explosion that killed two crew members and...

 

Mohammed Abdu

Saudi ‘Paul McCartney’ in rare concert

The performance by Mohammed Abdu, a mustachioed singer popular throughout the Arab world, was the first major concert in seven years in Jeddah, the kingdom's...

 

U.S.-Saudi Relations

Donald Trump’s already complicated relationship with Saudi Arabia

“Since the did not include Saudi Arabia and are therefore not likely to impact its citizens traveling to the United States, it is...

 

Muslim Brotherhood

Bin Laden ties with Muslim Brotherhood discussed by King Salman, Trump

The two also discussed the Muslim Brotherhood, the senior Saudi source said, adding in a reference to the late al-Qaeda leader: "It was mentioned that...

 

'Shamoon'

Destructive computer virus ‘Shamoon’ hits Saudi Arabia for third time

The computer virus that wreaked havoc at Saudi Aramco in 2012 has returned to the kingdom for the second time in as many months, this...

 

Renewable Energy

Saudi Arabia to integrate renewable energy into desalination projects

“The kingdom is moving into renewable energy to inject greater longevity, affordability and accessibility into power and water sectors. An ambitious move, but it is...

 

Janadriya Heritage Festival

King Salman to open Janadriya heritage festival on Wednesday

Custodian of the Two Holy Mosques King Salman will inaugurate the 31st national heritage and culture festival in Janadriya, near Riyadh, on Wednesday....

 

Public Investment Fund (PIF)

Saudi Public Investment Fund set to become a world leader

The publically owned Saudi Public Investment Fund is looking set to become one of the world’s most powerful sovereign funds after a sudden burst deal...

 

Entrepreneurship

MiSK, SMRG renew agreement to work to help promote talented youth

The agreement, which is a renewal of the previous agreement between the two parties that expired at the end of 2016, emphasizes the two sides'...

 

Aramco Reserves

Saudi Aramco’s oil reserves confirmed by external audit: sources

The first independent audit of Saudi Aramco's oil reserves has confirmed the state oil company's own figures, sources familiar with the situation said, ahead...

 

Saudi +

Regional and related topics

Trump Travel Ban

Trump says it’s a travel ban. In Middle East, few are persuaded

A temporary ban on travel to the US for citizens of seven Muslim-majority nations has sparked reciprocal action from some. Many see it as a...

 

Trump Travel Ban

Trump fires Justice Department head over executive order defiance

President Donald Trump on Monday fired Sally Yates, the acting attorney general and a Democratic appointee, after she refused to defend in court his controversial...

 

Trump Travel Ban

Pentagon Scrambles to Make Exception for Iraqi Translators

The list would consist of “those who have tangibly demonstrated their commitment” to support U.S. forces, Pentagon spokesman Capt. Jeff Davis told reporters at the...

 

Trump Travel Ban

These communities have a lot at stake in Trump’s executive order on immigration

New York, Chicago, Dallas, Houston, and Washington all rank among the top 10 metro areas for both total population and population from the six countries....

 

Iran

Iran tests first ballistic missile since Trump took office

The Iranian government carried out a medium-range ballistic missile test Sunday that may be a violation of a United Nations Security Council resolution, U.S. officials...

 

Yemen

During troubled Yemen raid, U.S. troops fought and killed several women trained by al Qaida

In all, 14 alleged militants were killed and a trove of intelligence was gleaned during the raid, officials said....

 

NSC

What Trump’s Reshuffling of the National Security Council Means

A former Bush and Obama NSC staffer says changes to the Council's top committee suggest Trump may exclude it from his decision-making entirely....

 

Syria Safe Zones

15 Questions Trump Should Answer About His ‘Safe Zones’

If the president is serious about this, White House officials must clarify exactly what this new and expansive military mission would entail....

 

Syria

Hope and fear for Syria’s Kurds

Fighting under the banner of the People’s Protection Units (YPG), the Syrian Kurds’ skill and valor have made them the United States’ top ally in...

 

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