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Saudi News Update: Week 3


A businessman is staying up to date by reading the news on a tablet

This week it was announced by Finance Minister Mohammed Al-Jadaan at the World Economic Forum that there is ‘absolutely no intention in Saudi Arabia to impose income tax on individuals’.


In other news major US technology companies including Amazon, Microsoft and google have been approved to establish their Regional Headquarters (RHQ) in Riyadh.


Economy, Budgets and Finance

Saudi Gazette:  Al-Jadaan: Saudi Arabia has no intention to impose income tax on individuals. Read here


Saudi Gazette: Al Jubeir reveals Saudi Arabia's aspiration to sell nuclear energy globally. Read here


Edge Middle East: Amazon, Google and Microsoft to set up regional headquarters in Saudi Arabia. Read here


Government and Royal Family

Al Arabiya:  Saudi Arabia has not yet joined BRICs: Minister. Read here


Defence and Security

Al Arabiya: Aramco CEO predicts tighter oil markets, sees Red Sea risks. Read here


Commercial

Arab News: King Saud University granted US cybersecurity patent for electric cars. Read here


Saudi Gazette: Saudi Arabia surpasses pre-pandemic tourism levels with 156% growth in 2023. Read here


Arab News: Saudi Arabia’s fledgling airline aiming to connect Riyadh to world: COO. Read here


Social

Arab News: Saudi Arabia unveils master plan for adventure tourism at THE RIG.  Read here


Al Arabiya: Sports icon Rafael Nadal named as Saudi Tennis Federation’s new ambassador.  Read here


Arab News: KSrelief aid work continues across the globe.  Read here


 

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