Economy

His Royal Highness Mohammed bin Salman, Crown Prince and Chairman of the NEOM Company Board of Directors, today announced THE LINE, a revolution in urban...

Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman bin Abdulaziz, announced that Saudi Aramco had discovered four new oil and gas fields in the...

Saudi Arabia's Finance Minister Mohammad Al-Jadaan said that there is no plan at present to reconsider the Kingdom’s value-added tax (VAT) policy in the...

Expat remittances from Saudi Arabia increased by 29 percent to SR 13.21 billion in September 2020, compared to the same period last year, according...

Saudi Arabia will exempt real estate transactions from a 15% value-added tax (VAT) and instead impose a new 5% tax on property deals, said...

Saudi Arabia has stepped up fight against commercial cover-up, due to its negative impact on the national economy, economists said. Abdullah Al-Rebdi, analyst at Riyadh-based...

Saudi Aramco has discovered two oil and gas fields in northern parts of Saudi Arabia, the Saudi Press Agency (SPA) reported, citing Energy Minister...

The Ministry of Human Resources and Social Development is scheduled to begin 70 percent localization of jobs in nine sectors of wholesale and retail...

Saudi Arabia continues its upward rise in the ranking of global competitiveness. In the recently published World Competitiveness Yearbook 2020 by the International Institute...

Around 1.2 million expat workers will leave the Saudi job market this year, according to projections by Jadwa Investment Company. Hospitality, food services, administration and...