The drop in oil prices that began in the second half of 2014 has raised questions about how oil-dependent economies like Russia, Nigeria and Venezuela would cope. However, in the case of Saudi Arabia, large fiscal reserves and low levels of debt have enabled the Kingdom to avert the sort of crisis triggered by oil shocks in the past. The Saudi...
Stretching along the eastern coast of the Indochinese Peninsula in South-east Asia, the Socialist Republic of Vietnam has risen to become one of the region’s success stories, following a remarkable post-war economic recovery. Its vast coastline, rolling highlands, dense jungle and abundance of natural resources have supported rapid industrial development, while ongoing...
Supply is set to overtake demand at the high end of Sri Lanka’s residential property market, with a series of large-scale projects under way in and around Colombo.
This chapter contains an overview of the legal framework in which local and foreign investors operate in Saudi Arabia. It includes a run-down of dispute resolution and bankruptcy rules, an outline of the regulations affecting foreign investors in Saudi Arabia, and an examination of the evolving regulatory framework in place across the Kingdom.
This chapter contains an overview of the tax framework in which local and foreign investors operate in Saudi Arabia, including an outline of the various tax systems in place for different ownership structures and a look at the June 2014 updates to the regulations for zakat, a religious tax based on sharia.
This chapter contains a viewpoint from Jacques Fakhoury, KSA Country Leader,...
Tourism is estimated to have directly contributed $12.7bn to the Saudi economy in 2013, equivalent to 1.7% of GDP, and this was forecast to rise by 5.2% to $13.3bn in 2014. Although religious tourism still dominates the industry, government efforts are under way to expand the sector’s offering, with opportunities available in various segments, including heritage and business tourism. Domestic...
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