The state is well-positioned to diversify its economy away from hydrocarbons and alter its tax system to ensure a fairer contribution from the population, but a change of culture may be needed first.
At the start of the pandemic, consumers were bombarded with a new and hastily constructed form of advertising. In those “uncertain times”, customers were promised, they could rely on their favorite…
Tax evasion and avoidance are a couple of vital threats to the global economy. Compliance and collection are two constant challenges for the tax system. Saudi Arabia is no exception. The Kingdom…
With the announcement of Fahad Al Mubarak, Governor of the Saudi Central Bank, about the Kingdom’s intention to license more digital banks, the Saudi banking community should be ready for the…
When a video showing a driverless, solar-powered e-bus roaming the streets of NEOM, a USD 500 billion cognitive city-state being developed northwest of Saudi Arabia, was posted on social media a few…
Egypt’s major infrastructure projects which are now underway are expected to shape a new future for the North African country after decades of a growing population and random construction, experts…
The Saudi Arabian government has recently recognized the exceptional importance of infrastructure investment in partnership with the private sector, not as a spender in a welfare state. Last October…
John Maynard Keynes, best known as the founder of Keynesian economics; a school of economic thought, and also described as Britain’s most famous 20th-century economist, suggested in one of his essays…
Debt hysteria is the best terminology that can be used to describe what’s going on. It feels like the world will end when you hear headlines saying the USA is going to run out of money by the end of…
“I have lived in Taif for over 45 years. When I was a child, we didn’t have an AC at home, not because of the lack of money, but the weather was nice & cool in the middle of summer during daytime…
“We are now welcoming our customers with full capacity, who don’t have to wait for long to get a table. The number of our tables has doubled. The restaurant manager told me we might hire more people…
Israel's commandeering of aid distribution in Gaza forces starving Palestinians to run the gauntlet at centres with biometric monitoring systems, armed security, and life-or-death hazards