Highlights of GCC Unified VAT Treaty
Introduction The treaty for Value Added Tax signed by GCC nations is finally out in the public domain. The much talked about treaty is being published in the official gazette of the Kingdom of Saudi Arabia (KSA). It is one of the crucial steps in implementation of VAT in the region. The KSA had already […]
Saudi-China business talks to boost trade and investment
RIYADH: The meeting of the Saudi-China Business Council in Beijing is expected to help boost trade and investment between the Kingdom and China, an official has said. Abdullah Al-Mobty, chairman of the council, told Arab News that the business talks will coincide with King Salman’s visit to Beijing. Al-Mobty said the discussions at the bilateral […]
3 categories of Cybercrime Laws and its penalties in Kingdom of Saudi Arabia
Introduction Cybercrime in the simplest terms can be defined as the crime committed by using the internet and/ or electronic devices. An attempt to access the secretive and personal/ financial information about an individual or business, promoting or doing unlawful activities through internet, defamation of an individual or business through social media are some of […]
7 major plans that are part of the Renewable Energy Drive in Kingdom of Saudi Arabia
Introduction The Kingdom of Saudi Arabia (KSA) is the largest exporter of oil in the world and has second largest crude reserves in the world. It is curtailing its renewable power target as it is planning to use more natural sources of power e.g. Natural gas, Solar and wind energy. The higher targets were established […]
VISION 2030: REFORMING KINGDOM OF SAUDI ARABIA
Introduction The Saudi vision 2030 was launched in April 2016. It is the blueprint for deviating Kingdom’s economy’s dependency on oil and super scribes the tightening economic situations. World Bank has given a gloomy forecast for oil prices for 2017 as well. Though they are expected to recover from previous years’ blow but do not […]