Saudi Arabia Clarifies VAT Exemptions
Saudi Arabia’s General Authority of Zakat and Tax (GAZT) has clarified that items classified as zero-rated, exempt, or outside the...
GE and SEC Collaborate to Boost Saudi Power Sector
GE Power and the Saudi Electricity Company (SEC) signed two agreements to collaborate on identifying solutions which promote gas turbine...
Fitch Ratings Commends Saudi Economic Reforms, Affirms A+ Rating
The Fitch Ratings Agency has maintained its A+ on Saudi Arabia with a stable outlook, citing the effectiveness of the...
Crown Prince Mohammed bin Salman Announces NEOM Project at Future Investment Initiative
H.R.H. Crown Prince Mohammed bin Salman spoke at the Future Investment Initiative forum in Riyadh. The event was held by...
Business Council Holds Executive Luncheon with Commerce Under Secretary Hernandez in Riyadh
On October 23, 2017, the U.S.-Saudi Arabian Business Council (USSABC) organized a business luncheon with The Honorable Israel Hernandez, Senior...
IMF Optimistic on Future Saudi Economic Outlook
The International Monetary Fund’s (IMF) Article IV Consultation Report has concluded that the medium-term economic outlook in Saudi Arabia is...
KAPSARC Headquarters Achieves LEED Platinum Status
The King Abdullah Petroleum Studies and Research Centre’s (KAPSARC) headquarters in the outskirts of Riyadh has received LEED Platinum status...
Saudi Arabia Grants Stock Exchange Access to Foreign Investors
The Capital Market Authority’s (CMA) Chairman, Mr. Mohammed El Kuwaiz, has announced that foreign investors will now be permitted to...
S&P Global Ratings Launches Operations in Riyadh
The Capital Market Authority has issued Standard & Poor’s Global Ratings (S&P) with its final required license, allowing the agency...
PIF Undertakes Multi-Billion Dollar Investments in Diversified Saudi Sectors
The Public Investment Fund (PIF) invested $506 million (SR1.9 billion) to establish Super Esco, a new company that aims...