Economy
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Everything You Need to Know About PIF (Public Investment Fund)
The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia. With a total estimated asset value of…
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Saudi Crown Prince: We Are Close to Achieving the Goals of the Kingdom’s Vision Before 2030
Saudi Arabia’s Crown Prince Mohammed bin Salman said the kingdom will achieve several of its Vision 2030 goals before 2030.…
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Crown Prince Mohammed bin Salman announces THE LINE at NEOM
His Royal Highness Mohammed bin Salman, Crown Prince and Chairman of the NEOM Company Board of Directors, today announced THE LINE,…
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Saudi Arabia discovers 4 new oil and gas fields
Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman bin Abdulaziz, announced that Saudi Aramco had discovered four new oil and…
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No plan to review VAT: Finance Minister
Saudi Arabia’s Finance Minister Mohammad Al-Jadaan said that there is no plan at present to reconsider the Kingdom’s value-added tax…
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Expat remittances rise 29% in September to SR 13.2 bln
Expat remittances from Saudi Arabia increased by 29 percent to SR 13.21 billion in September 2020, compared to the same…
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Saudi Arabia imposes new 5% tax on property deals, exempts from 15% VAT
Saudi Arabia will exempt real estate transactions from a 15% value-added tax (VAT) and instead impose a new 5% tax…
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COVID-19 helps Saudi Arabia eliminate commercial cover-ups: analyst
Saudi Arabia has stepped up fight against commercial cover-up, due to its negative impact on the national economy, economists said.…
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