India and Saudi Arabia are in discussions to explore joint projects in the fields of refineries and petrochemicals, as stated by Indian Prime Minister Narendra Modi in an interview with Arab News. This announcement comes as Modi begins a two-day visit to Saudi Arabia on Tuesday. During the interview, Modi emphasized that the two nations...
Venture capital investment in the Middle East and North Africa experienced a significant surge in the first quarter of 2025, with startups raising a total of $678 million, marking the strongest quarter since the end of 2023. This growth was attributed to recent interest rate cuts that improved investor sentiment, according to data from the...
Indian Prime Minister Narendra Modi is scheduled to commence a two-day visit to Saudi Arabia on Tuesday. He will travel to Jeddah, where he will engage in meetings with Saudi Crown Prince Mohammed bin Salman, conduct bilateral talks, and visit Indian factory workers. This trip is significant as Modi aims to strengthen relations with Saudi...
Saudi Arabia has announced new regulations allowing visitors to the country to claim back value-added tax (VAT) in an effort to boost the tourism industry. However, the government also plans to expand the tax base to include online transactions, which reflects its need to adapt to declining oil revenues. As the world’s second-largest oil producer,...
Saudi Arabia has introduced a new Value Added Tax (VAT) refund policy for tourists, which became effective on April 18, 2024. This initiative allows international visitors to reclaim the 15% VAT paid on eligible goods and services during their stay, marking a significant move to enhance the country’s appeal to global travelers. The Zakat, Tax...
Formula 1 is making a significant return to Jeddah this weekend for the fifth Saudi Arabian Grand Prix. However, the excitement is not solely focused on the fastest street circuit in the world, as plans for a new futuristic track outside Riyadh, called Qiddiya Speed Park, are underway with a budget of $480 million (£360...