Saudi Arabia Ranks 24th in IMD World Competitiveness Yearbook 2020

Saudi Arabia Ranks 24th in IMD World Competitiveness Index 2020

Saudi Arabia continues its upward rise in the ranking of global competitiveness. In the recently published World Competitiveness Yearbook 2020 by the...
COVID-19: Around 1.2 million expatriates expected to leave Saudi job market in 2020

Around 1.2 million expatriates expected to leave Saudi job market in 2020: Jadwa

Around 1.2 million expat workers will leave the Saudi job market this year, according to projections by Jadwa Investment Company.
Saudi Arabia will increase VAT to 15% starting from July 1

Saudi Arabia to increase VAT to 15% starting from July 1

Saudi Arabia has decided to increase the value added tax (VAT) from 5% to 15% starting 1 July and to suspend the...
Saudi Arabia to take "strict, painful" measures to deal with coronavirus impact

Saudi Arabia to take “strict, painful” measures to deal with coronavirus impact

Saudi Arabia will take strict and painful measures to deal with the impact of the coronavirus pandemic, the finance minister said in...
Saudi Arabia's Foreign Reserves Cover Imports for Four Years

Saudi Arabia’s Foreign Reserves Cover Imports for Four Years

An economic report said the current indicators have stressed the cohesion of the Kingdom’s national economy, amid the unprecedented challenges afflicting the...
SAMA Directs Banks, Money Exchanges to Work Remotely for 16 days

SAMA Directs Banks, Money Exchanges to Work Remotely for 16 days

The Saudi Arabian Monetary Authority (SAMA) has directed all financial institutions including banks and money exchanges in the Kingdom to work remotely...