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Saudi Arabia and Bulgaria agree to create a joint committee to deepen economic bonds

RIYADH: Saudi Arabia and Bulgaria have signed an agreement to establish a new body to boost economic ties between the two countries. The agreement for the ‘Saudi-Bulgarian Joint Committee’ was signed by the Kingdom’s Minister of Economy and Planning Faisal bin Fadel Al-Ibrahim, who is currently on an official visit to Bulgaria, and the European country’s Minister of Economy

Saudi economy minister meets Moroccan, Austrian, Hungarian ministers in Paris

RIYADH: Saudi Minister of Economy and Planning Faisal bin Fadel Al-Ibrahim on Wednesday met Morocco’s Delegate Investment Minister Mohcine Jazouli. The meeting was held on the sidelines of the OECD RBC Ministerial Meeting on Responsible Business Conduct in the Global Economy. During the meeting, they discussed investment opportunities between the two countries and issues of

Saudi economy minister, World Customs Organization chief discuss cooperation

RIYADH: Saudi Minister of Economy and Planning Faisal bin Fadel Al-Ibrahim on Thursday met the Secretary-General of the World Customs Organization Kunio Mikuriya on the sidelines of the Zakat, Tax, and Customs Conference in Riyadh. During the meeting, they discussed cooperation opportunities between Saudi Arabia and the organization, in addition to other issues of mutual

Simplified taxation system can help combat shadow economy, BNP Paribas tells ZATCA conference

RIYADH: Combating the shadow economy is key to meeting rising spending demands, according to the International Head of Economics at BNP Paribas Bank Marcelo Carvalho. Speaking during a panel discussion on the first day of the Zakat, Customs, and Tax conference in Riyadh, Carvalho noted that addressing the shadow economy can help boost tax revenues. When taxes are high and the

Saudi minister receives Japanese House of Representatives in Riyadh

RIYADH: Saudi Minister of Economy and Planning Faisal bin Fadel Al-Ibrahim recently met in Riyadh with members of a delegation from the Japanese House of Representatives. During the meeting, they discussed ways to further develop the historic ties between the two countries and cooperate in areas such as artificial intelligence and smart cities. Japan also depends on the Gulf

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