Company maintains ratings for SABIC, Almarai and SEC, saying the price rise will only lead to a marginal increase in production costs for them
Saudi businesses
Latest in Saudi businesses
GaStat
Saudi business sector operating revenues hit $1.4tn
Saudi Arabia’s business sector recorded $145.1bn in employee compensation in 2023
franchise business
Saudi Arabia sees massive 866% increase in franchising amid restaurant and tourism boom
Saudi Arabia has seen a massive increase in the number of franchised businesses in the past five years
ACRES Real Estate Exhibition
Millionaires flock to UAE; Sharjah slashes real estate fees; Free zone offers fast-track visas; Neymar invests in Dubai property; Black Friday bargains – 10 things you missed this week
Millionaires in the UAE, real estate promotion in Sharjah, fast-track visas at new free zone, Dubai property updates and more of the top news stories this week
Federation of Saudi Chambers
Major changes to Saudi commerce laws to boost $453bn private sector
Saudi Arabia is attracting investment as changes to commercial laws allow entrepreneurs to expand across the Kingdom with ease
Saudi Arabia
Saudi Arabia bans commercial use of national, religious symbols in new decision
The move is aimed at preventing the abuse or misuse of these symbols and logos
Saudi businesses
Saudi entrepreneurs: 42% of adults plan to launch a business despite a fear of failure
Saudi Arabia’s entrepreneurial drive is at an eight-year high according toa new report
Saudi Arabia
Saudi Arabia’s PMI hits six-month high as non-oil growth accelerates in October
The pick-up was largely due to an increase in sales
Real Estate
Saudi Arabia sees over 120 foreign businesses relocate to Riyadh in Q1 2024
This influx of foreign firms has led to a scarcity of prime office space, with Grade A occupancy rates soaring to 98%, new report suggests
economic diversification
Riyadh among top 15 fastest-growing cities: Report
The report, part of Savills’ global thought leadership programme Impacts, highlights Riyadh as the only non-Asian city in the top 15 list
Saudi businesses
Saudi business sector thriving as hospitality, transport and arts boom in 2023
Saudi Arabia has seen significant increases in variety of business sectors last year
business licenses
GCC firms eye Saudi Arabia amid $3tn foreign investment push; business licences explained
Saudi Arabia is increasingly welcoming firms from across the GCC as it looks to hit hugely ambitious economic growth targets
Doing Business in Saudi Arabia
Saudi Arabia visa reforms woo global talent, investments for incoming economic ‘hyper-growth’ cycle
Saudi Arabia’s Premium Residency overhaul opens up opportunities as its ambitious Vision takes shape
Doing Business in Saudi Arabia
Saudi Arabia’s new Civil Code to transform business ecosystem as influx of multinationals set up under HQ mandate
Sweeping legal reforms are removing barriers to trade in Saudi Arabia, attracting swathes of foreign investment
Saudi Arabia
Saudi Arabia approves new contracting rules for international companies not based in kingdom
Several incentives were announced including a 30 year exemption on corporate and income tax of HQ activities
business opportunities in riyadh
Guide: How to set up a business in Saudi Arabia as race for regional HQs primes market for growth
Saudi Arabia’s regional HQ programme is a boon for startups looking to gain an ‘early mover’ advantage in the rapidly growing market, expert says
Saudi businesses
Saudi Arabia issues final tax warning
Saudi Arabia’s Zakat, Tax and Customs Authority issues warning over unpaid taxes