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Saudi Arabia triples VAT rate as oil revenues tumble
Business Saudi Arabia triples VAT rate as oil revenues tumble. Posted . Saudi Arabia will triple its value added tax rate and suspend a cost of living allowance for state employee …
Saudi Arabia triples VAT to support coronavirus-hit economy
The kingdom first introduced VAT two years ago as part of efforts to cut its reliance on world energy markets. Saudi Arabia’s state news agency said VAT will increase from 5% to 15% as of 1 July, …
Unlocking the mysteries of MBS, the presumptive king of Saudi Arabia
The House of Saud has committed countless violations of human rights, it is politically corrupt, and its war on Yemen is one of the world’s biggest humanitarian disasters, but it has suffered few …
Saudi Arabia Coronavirus Cases Exceed 35,000
The number of coronavirus cases in Saudi Arabia exceeded 35,000 on Friday as the kingdom struggles to get to grips with rising numbers of new infections. Officials reported 1,701 new cases , taking …
US pulls missles out of Saudi Arabia as Iran tensions cool
The Pentagon is moving Patriot missile systems out of Saudi Arabia and reducing military forces across the Middle East, in another sign that tensions with Iran may be ebbing.President Trump and …
Pentagon Removes Jet Fighter Squadrons And Patriot Missile Batteries From Saudi Arabia
The U.S. reduces its military presence in Saudi Arabia, removing two jet fighter squadrons and four Patriot missile batteries.
US pulls anti-missile systems from Saudi Arabia amid dispute
The U.S. is pulling two Patriot missile batteries and some fighter aircraft out of Saudi Arabia, an American official said Thursday, amid tensions between the kingdom and the Trump administration over …
US pulls Patriot missiles, fighter aircraft from Saudi Arabia amid dispute
The U.S. is pulling two Patriot missile batteries and some fighter aircraft out of Saudi Arabia, an American official said Thursday, amid tensions between the kingdom and the Trump administration over …
GCC News Roundup: Saudi Arabia, UAE, Qatar, Kuwait implement new economic measures (April 1-30)
Gulf debt and equity markets fell on April 21 and the Saudi currency dropped in the forward market, after U.S. crude oil futures collapsed below $0 on a coronavirus-induced supply glut. Saudi Arabia’s …