Saudi Arabia

Industry | 22 Sep 17

Saudi Arabia is planning to follow the United Arab Emirates in introducing a bankruptcy law to help its efforts to boost foreign investment into the oil-dependent economy, according to the Al Arabiya news channel.

Middle East | 7 Sep 17

Saudi Arabia is redrafting a series of reforms aimed at boosting the country’s non-oil revenue, amid concerns some of the initiatives could negatively impact the economy.

Middle East | 4 Sep 17

Saudi Arabia has opened registration for the new 5% value added tax (VAT), which begins on 1 January next year as part of a move to diversify its economy away from a reliance on oil revenues.

Equities | 21 Aug 17

Goldman Sachs received approval on Sunday to trade equities in Saudi Arabia, joining a growing cohort of western investment banks and fund managers expanding in the kingdom.

Middle East | 21 Aug 17

All contractors working on public sector projects that started before December 2016, when the levy was first announced, will be exempt from paying the expat workers’ tax.