Saudi Arabian finance minister Ibrahim Alassaf said the kingdom expects to introduce value-added tax in two years, aiming for a tax rate of around 5 percent, the Saudi-owned Al-Hayat newspaper … [Read more...]
Saudi Arabia announced 2016 budget
December 29, 2015 by Leave a Comment
Saudi Arabia has announced plans to cut government expenditure and reform its public finance system after decreasing oil prices resulted in an annual budget deficit of around SAR 370 billion. The 2016 … [Read more...]
Saudi Telecom to acquire 40% of Sale Advanced Co. Ltd.
December 28, 2015 by Leave a Comment
Saudi Telecom (STC) offered to acquire a stake in Sale Advanced Co. Ltd., representing 40 per cent of the company's shares to the owners of Ettihad Sale, valued at SAR 400 million. As reported by SAP, … [Read more...]
Saudi Prince Al-Waleed’s Firm invests $247.7 mn in Lyft
December 26, 2015 by Leave a Comment
Ride-sharing service Lyft Inc. is getting a boost from Saudi Arabia’s Prince al-Waleed bin Talal. The prince disclosed on Thursday that his Kingdom Holding Co. investment company is paying $104.9 … [Read more...]
KHC announced the combination of its FRHI luxury hotel platform with Accor
December 18, 2015 by Leave a Comment
Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announced that it has signed an agreement to combine its Fairmont Raffles Hotels International (FRHI) … [Read more...]
Event: Investors’ Summit – Future Cities, 4-5 May 2016, Dubai, UAE
December 17, 2015 by Leave a Comment
Event: Investment Conference – Future Cities Location: Dubai, United Arab Emirates Dates: 4th-5th May 2016 The 3rd International Conference on Investment in Future Cities will explore and … [Read more...]
Event: Global AgInvesting Middle East, 29 February – 2 March, Dubai, UAE
December 16, 2015 by Leave a Comment
Global AgInvesting Middle East 2016 (29 February - 2 March) offers a comprehensive overview of the agriculture investment landscape and a clear idea of where the real money is moving in the space. The … [Read more...]
Event: Smart Cities, 15-16 March 2016, Riyadh, KSA
December 16, 2015 by Leave a Comment
The Kingdom Smart Economic Cities Summit will enable and equip the Kingdom’s Stakeholders such as Province Authorities, Infrastructure Project Developers, Public Safety Authorities, Education … [Read more...]
Saudi women votes for the first time
December 12, 2015 by Leave a Comment
Saudi women voted for the first time. A total of 978 women have registered as candidates, out of around 130,000 women registered to vote. "We are making history. I just made history," said … [Read more...]
Saudi female divorsees can obtain ID card
December 3, 2015 by Leave a Comment
Saudi female widows and divorsees may obtain an identity card, allowing them to to visit a health clinic and register their child for school independently. 28 per cent of Saudi families face divorvce … [Read more...]
Harnessing the Earth’s Heat for Climate Action
December 2, 2015 by Leave a Comment
Source: Harnessing the Earth’s Heat for Climate Action … [Read more...]
