Public sector salary cuts and subsidy reductions will play an important part in Saudi Arabia’s effort to close its fiscal gap. However, much attention is also being paid to the other side of the ledger, where a series of tax proposals offer a route to new revenue streams for the government. Historically, taxation has only played a small role...
All success stories start with a vision, and successful visions are based on strong pillars. The first pillar of Saudi Arabia’s Vision 2030 is our status as the heart of the Arab and Islamic worlds. We recognise that Allah the Almighty has bestowed on our lands a gift more precious than oil. Our Kingdom is the land of the Two Holy Mosques, the...
What is being done to help commercialise the patents that are coming from current research and development (R&D) efforts?
One of the most important issues currently facing the Middle East is the changing composition of its demographic structure. A massive cohort of young people – known as a youth bulge – is challenging policy makers, and affecting security, education, the labour market and welfare programmes, among other areas. Given the relative stability and...
A combination of factors has led to a rise in bond issuance from GCC member states in the first half of 2016. Over the period, bonds and sukuk (Islamic bonds) issued in the GCC hit $39bn, accounting for 15% of the region’s total outstanding bonds ($263bn) as of June 2016, and nearly equalling the value of issues in the whole of...
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