Saudi finance minister: No income tax for citizens

Saudi Arabia’s finance minister said on Sunday that citizens would not pay taxes on income and Saudi companies would not see their profits taxed under sweeping economic reforms being introduced in the oil-rich kingdom.

 

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ACWA Power expects Saudi Electricity to sell first asset by year-end

Riyadh-based ACWA Power said it expects the first of four power generation companies owned by Saudi Electricity Co (SEC) will be offered to the market by the year-end, as the kingdom presses ahead with its overhaul of the state sector.

 

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Saudi businessman killed for money

 The man who last week strangled to death a prominent Saudi businessman acted after the victim showed him bags of money.

 

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In breakthrough, Saudi woman becomes dean of design college

Dr Sumaya Bint Sulaiman Al Sulaiman has become the first woman in Saudi Arabia to be appointed dean of a design college.

 

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Saudi to boost ‘decent and proper’ jobs for women

Saudi Arabia is aiming for a major boost in female employment in the conservative Islamic kingdom but women need not go to an office, the labour ministry said.

 

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