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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