Thales Group, a French multinational company focusing in aerospace, space, defense, ground transportation and security sectors, expressed its keen interest in the Kingdom’s military productions. The group will focus on assisting Saudis in localizing activities in the defense industry, security and civil businesses through training and knowledge-transfer programs, noted Patrice Caine, chairman and CEO of Thales Group. Thales Group, […]

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Saudi Arabia is one among the top 20 countries in the world that is actively working towards improving the business sector, and is ranked second in the world’s high-income countries for business reforms, as per World Bank Group report. Several of the business reforms adopted by the Kingdom recently played a huge role in boosting […]

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The Ministry of Labor and Social Development (MLSD) and the General Authority for Zakat and Income Tax (GAZT) signed a deal on information sharing between the two entities. The agreement was signed in the presence of Deputy Minister of Labor and Social Development Ahmed Al Humaidan, and governor of GAZT, Suhail Abanmi. The agreement aims […]

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With only 52 days to go before the implementation of Value Added Tax (VAT) in Saudi Arabia, the General Authority of Zakat and Tax (GAZT) reminded businesses and companies to ensure that they are well-versed with the rules and regulations of VAT. VAT will be implemented in the Kingdom on January 1, 2018. Rules and […]

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