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  • Economy
    Small businesses dominate 97.6% of Saudi private sector

    Small businesses constitute 97.6% of the Saudi private sector entities with a total of 1.5 million small, data by the Saudi Ministry of Labor and Social Development showed. Meanwhile, the number of medium-sized enterprises in Saudi Arabia amount to 31,330 or 2% of the total private sector working entities.

  • World Bank: Women, Business and the Law 2020 Report
    Saudi Arabia top reformer, improver among 190 economies: World Bank’s Women, Business and the Law report

    Issam Abu Sulaiman, the World Bank’s Regional Director for GCC, lauded the Kingdom’s achievement: “Saudi Arabia basically has become one of the leaders in the Arab World in terms of women empowerment,” he said. “We expect that this will contribute tremendously to the realization of Vision 2030 when it comes to economic growth, diversification and women employment.”

  • SSBs
    Saudi Arabia’s tax on sugary drinks won’t impact businesses, investments long-term

    Overall taxes on goods and services totals $37.85bn, 0.8 per cent higher than 2019 estimates, underpinned by forecasted economic recovery and the implementation of the SSB tax, as per the projections by the Saudi Arabia 2020 budget.

  • Islamic Revolutionary Guard Corps
    Iran’s Revolutionary Guards: Four Decades of Expanded Business and Military Influence

    The IRGC has expanded its activities inside and outside of Iran through a set of costly strategies that are made autonomously from those of the rest of the Islamic Republic. And the senior leadership of the organization functions completely independently from the rest of the government.

  • Labor
    Saudi Arabia to offer small business visas

    Saudi Arabia is to allow an instant small business visa for people looking to set up new firms in the kingdom from next month. The move, which was announced by the Minister of Labour and Social Development, Ahmed bin Sulaiman Al-Rajhi, last week, is being created to help Saudi nationals more easily launch their own start-ups and small businesses and will be housed on the new Qiwa employment visa platform.

  • Riyadh
    When sustainability is a $23 billion business

    With a population of 7 million and a surface of 1800 square km, Riyadh is a big city. To help put things in context, New York with 8.4 million residents has a surface of 780 sqkm, and Paris with a population of 2.2 million has a surface of 105 sqkm.

  • Labor
    Saudi minister unveils instant visa service for small businesses

    Saudi Arabia has unveiled plans to launch an instant work-visa service next month, through its Qiwa platform, that is specially designed to help new small businesses. Ahmed Al-Rajhi, the minister of labor and social development, said that it will enable young Saudis to launch start-up projects, open small businesses, boost economic growth and accelerate business expansion plans, which will have a positive impact on national development.

  • Red Sea Airport
    Saudi Arabia’s Red Sea airport will be designed by Foster + Partners – open for business by 2030

    One of Saudi Arabia's most exciting tourism "giga-projects" has moved a step closer towards completion. The Red Sea Development Company awarded the design contract for its new airport to British firm Foster + Partners. The milestone announcement came after a competitive tendering process. The project was awarded to the same team responsible for designing some of the world's most forward-thinking destinations, such as the Chek Lap Kok airport in Hong Kong, The Comcast Technology Centre in Philadelphia, the Index Tower in Dubai's DIFC and Shanghai's The Bund Finance Centre. The firm also designed the coming House of Wisdom in Sharjah.

  • FII 2019
    Open for business: $15bn in deals signed at Saudi investment forum

    The number of business licenses granted to foreign investors from July to September was the highest since 2010, said Invest Saudi, the government organization that facilitates and monitors foreign investment; 809 new foreign companies set up in the Kingdom, a 30 percent increase on the same period last year.

  • JPMorgan
    JPMorgan Saudi Business Is Fastest-Growing Globally

    JPMorgan Chase & Co. said its business in Saudi Arabia is growing faster than any other region in the world, helped by the stock exchange’s inclusion in MSCI Inc.’s main emerging markets index.