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Saudi Arabia’s New SME Strategy: 500,000 Jobs and a 35% GDP Push by 2030
Saudi Arabia’s New SME Strategy: A Bold Bet on Small Business Growth Saudi Arabia just placed one of its biggest economic bets yet on small and medium enterprises. On September 15, 2026, the Saudi Cabinet approved the National Entrepreneurship and Small and Medium Enterprises Strategy, a sweeping plan designed to
Saudi Arabia – Infrastructure & Transportation Sector
Saudi Arabia – Infrastructure & Transportation Sector Key Achievements in FY 2025 and Planned Projects for FY 2026 Since the launch of Saudi Vision 2030, the Saudi economy has undergone a major structural transformation driven by continuous government efforts. These initiatives have led to the successful completion of strategic projects
Saudi Arabia’s 2026 Budget: Highlights and Overview
Saudi Arabia has unveiled its national budget for 2026, emphasizing its sustained dedication to economic transformation and fiscal stability in line with Vision 2030. The primary highlights and themes informing the 2026 budget are as follows: Economic Outlook and Revenue Forecasts The 2026 budget anticipates consistent economic growth, supported by
Saudi Arabia Opens Real Estate Ownership to NonSaudis: A Remarkable Opportunity
Saudi Arabia has just taken a remarkable step that is already capturing global attention. For the first time in its modern regulatory history, the Kingdom has approved a law that allows foreign individuals and entities to own real estate within designated zones across the country. Published on July 25, 2025,
Saudi Arabia Steps Into the Future With National Real Estate Tokenization
Saudi Arabia has officially launched its national real estate tokenization infrastructure and digital ownership transfer, marking a bold new chapter for the Kingdom’s property market. This move not only modernizes real estate processes but also reimagines how people around the world can invest in Saudi property, all in alignment with
Why Businesses Should Review Cash Flow Before Year End
As 2025 enters its final quarter, business leaders are approaching a decisive period, an ideal time to reassess financial health and performance. A thoughtful review of cash flow before year-end and accounts to date can determine whether the year closes smoothly or under pressure. This process goes beyond balancing the
UAE Introduces New Sugar Tax from January 2026: What You Should Know.
Starting January 1, 2026, the UAE will implement a sugar-based excise tax, replacing the current flat 50% rate with a tiered system that depends on the amount of sugar a drink contains. Announced by the UAE Ministry of Finance, this move aligns with GCC standards and supports the UAE’s goals
UAE Ministry of Finance Introduces Comprehensive Amendments to Tax Regulations Effective January 2025
The UAE Ministry of Finance (MoF) has announced significant updates to its tax regulations framework, aimed at simplifying compliance and enhancing clarity for businesses. These changes, introduced through updated Ministerial Decision No. (301) of 2024 on Tax Groups and Ministerial Decision No. (302) of 2024 on Participation and Foreign Permanent
Saudi Arabia’s Economic Update: Non-Oil Revenues Rise 6% Amid SR30 Billion Q3 Deficit
Saudi Arabia’s Ministry of Finance has released its latest financial report, showing steady growth in non-oil revenues alongside a third-quarter budget deficit of SR30 billion. In the first nine months of 2024, non-oil revenues increased by 6%, and as oil revenues grew 16% year-over-year, reflecting the Kingdom’s push to diversify
Saudi Arabia Achieves Vision 2030 Milestone with 540 Regional Headquarters for Global Companies
In a significant achievement of Saudi Arabia’s Vision 2030 goals, Minister of Investment Khalid Al-Falih announced that the Kingdom now hosts 540 regional headquarters for international companies, surpassing its original 2030 target of 500. Speaking at the eighth Future Investment Initiative (FII8) at the King Abdulaziz International Conference Center in
UAE Businesses Gain Significant Relief on Medical Insurance Costs and Financial Services as per the New VAT Rule.
The UAE Ministry of Finance has introduced new VAT exemptions that bring notable financial relief to businesses, particularly in group medical insurance and financial services. Announced on October 5, the updated VAT exemptions will take effect from November 15, offering savings across several sectors. One of the most significant updates
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10 Principles for the next 50 Years of UAE.
President’s decree for the UAE’s future! Sheikh Khalifa bin Zayed Al Nahyan, the UAE president has recently issued a decree on the adoption of the country’s 10 principles for the next 50 years for strengthening the union and building a sustainable economy. The decree requires all ministries, federal and local
Saudi Arabia VAT Rate Hike: Impact and Transitional Provisions
IMPACT OF KSA VAT HIKE Saudi Arabia to increase VAT to 15% W.E.F 1 July, 2020 In response to the unprecedented impact on economy due to COVID-19 pandemic, the Ministry of Finance, Saudi Arabia has decided to increase the standard rate of VAT from 5% to 15% with effect from 1
Bahrain Prepares for Corporate Tax Implementation in Line with International Agreements
In a recent session of the National Assembly, Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa shed light on Bahrain’s plans to introduce corporate tax. The Corporate Tax Implementation implementation will be contingent upon the international community reaching a consensus on the taxation framework established by the
No Minimum Capital for Trading Sector!
Ministry of Investments clarified that there is no minimum capital requirement even for trading sector under “Tasattur” correction program. Riyadh: Saudi Arabia is entering its last quarter of the amnesty period announced for commercial correction of businesses in the Kingdom. This scheme allows any foreigner or a foreign entity to
How a salaried person with annual income upto Rs. 10 Lakh can now pay zero tax?
The budget 2019 has some vital proposals that can keep some cash in the pocket of middle class tax payers. Following the proposals, a salaried individual with a gross total income even upto Rs 10 Lakh per annum can now end up paying zero taxes. Thanks to the various tax
Business Continuity Funds in Corona Era
As it is discussed and published in various articles, the new economic world order will be impacted by the effect of Novel Corona Virus or COVID 19. Due to the lockdown including in Kerala, most of the industries and businesses are seriously affected. It is sure that, in Kerala, many local and small