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Saudi Arabia offers tax incentives for companies moving regional HQs to Riyadh
Saudi Arabia said on Tuesday it will offer tax incentives for foreign companies that locate their regional headquarters in the Kingdom, including a 30-year exemption for corporate income tax.
The tax incentives include zero income tax…
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Riyadh, Doha sign multiple deals across various sectors
Saudi Arabia and Qatar have signed multiple agreements and memorandums of understanding as both nations continue to strengthen their relationship.
These deals, which are expected to enhance trade and economic relationships between Saudi…
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Riyadh Air partners with Turkish Airlines to offer wide range of benefits for travelers
Saudi Arabia’s nascent flag carrier Riyadh Air has signed a strategic memorandum of understanding with Turkish Airlines to offer a wide range benefits for travelers using the carriers.
Under the deal, passengers of both airlines can…
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Turkish inflation rises to its highest level this year
Turkiye’s annual inflation rate edged up to 61.98 percent in November, data showed on Monday, its highest level this year but just shy of expectations, signaling that an aggressive rate-hiking cycle may be beginning to cool demand.…
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Riyadh aims to transform into global sustainability hub by 2030 with $92bn Expo investment
Riyadh is poised to transform into one of the world’s most sustainable cities by the end of the decade, thanks to substantial investments earmarked to prepare the Saudi capital for the upcoming Expo 2030.
Saudi Vice Minister of Tourism…
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US pledges $3bn for Green Climate Fund at COP28
The US has pledged $3 billion to the Green Climate Fund, Vice President Kamala Harris said in Dubai at the UN COP28 climate summit.
The fund, with more than $20 billion in pledges, is the largest international fund dedicated to…
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Saudi Arabia to invest $100m to boost its aviation sector
Saudi Arabia plans to invest $100 million to serve 356 million passengers to further boost its tourism efforts and aviation strategy in line with Vision 2030, according to the president of the Kingdom’s General Authority of Civil Aviation.…
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US stock rally could wobble if tensions spike after Red Sea attacks
An attack on an American warship and commercial vessels in the Red Sea on Sunday risks reigniting investor worries about a widening of the war between Israel and Hamas, potentially complicating the outlook for a rally that saw US stocks…
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Cooperation with Saudi Arabia central to Japan’s green ambitions
Japan must maintain close partnerships with countries like Saudi Arabia and the UAE if it is to achieve its goal to be a carbon-neutral economy by 2050, its Foreign Ministry press secretary said.
Kobayashi-Terada Maki made the comments…
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Flynas launches operation base at Madinah, announces 6 new international, domestic destinations
Saudi Arabia’s low-cost airline Flynas on Friday launched its newest operation base at Prince Mohammed bin Abdulaziz International Airport in Madinah, the Saudi Press Agency reported.
The airline also inaugurated six destinations and…
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