Saudi Arabia’s Finance Minister, Mohammed al-Jadaan said that the Kingdom will most likely reconsider the value-added tax (VAT) rate when economic and financial conditions improve.Previously, Saudi Arabia’s Crown Prince Mohammed bin Salman said that the country’s 15 percent VAT rate is a temporary decision.For the latest headlines, follow our Google News channel online or via the app.Al-Jadaan said that the VAT rate will be reconsidered when goals are achieved, including an increase in GDP, and an expansion of the economy.“I repeat once again that we will reconsider the tax issue when the financial situation improves,” al-Jadaan said at the Saudi Budget 2022 Forum in Riyadh.The Kingdom’s Public Investment Fund (PIF) plans to invest up to 1 trillion riyals ($266.57 billion) in the domestic economy by 2025, Yasir al-Rumayyan, the sovereign wealth fund’s governor said on Monday at the forum.Saudi Arabia said on Sunday it expected to post its first budget surplus in nearly a decade next year, as it plans to restrict public spending despite a surge in oil prices that helped to refill state coffers hammered by the pandemic.With ReutersRead more:PIF to invest up to 1 trillion riyals in Saudi Arabia by 2025Saudi Crown Prince: 2022 budget supports post-pandemic, Vision 2030 goalsBreakdown of Saudi Arabia’s 2022 budget in numbers
Source: Al Arabiya
Full Article: Saudi Arabia set to reconsider 15 percent VAT rate: Finance minister
Saudi Arabia to use any surplus in 2022 budget to fill reserves: Al-Jadaan
Saudi Arabia’s finance minister said that any surplus in the Kingdom’s budget for 2022 will be used toward filling the reserves, Mohammed al-Jadaan told Al Arabiya during an interview.Al-Jadaan added that there is currently no intention to transfer additional funds from the Kingdom’s central bank to the sovereign wealth fund and that he does not expect dividends from the Public Investment Fund in the coming years.For the latest headlines, follow our Google News channel online or via the app.The Kingdom’s Public Investment Fund (PIF) plans to invest up to 1 trillion riyals ($266.57 billion) in the domestic economy by 2025, Yasir al-Rumayyan, the sovereign wealth fund’s governor said on Monday at the forum.Saudi Arabia said on Sunday it expected to post its first budget surplus in nearly a decade next year, as it plans to restrict public spending despite a surge in oil prices that helped to refill state coffers hammered by the pandemic.Read more:Saudi Arabia set to reconsider 15 percent VAT rate: Finance ministerPIF to invest up to 1 trillion riyals in Saudi Arabia by 2025Saudi Crown Prince: 2022 budget supports post-pandemic, Vision 2030 goalsBreakdown of Saudi Arabia’s 2022 budget in numbers
Source: Al Arabiya
Full Article: Saudi Arabia to use any surplus in 2022 budget to fill reserves: Al-Jadaan
Israeli Prime Minister Bennett in first trip to UAE as Iran threat looms
Naftali Bennett meets Abu Dhabi's crown prince at a time of rising tensions in the region..
Source: Albawaba
Full Article: Israeli Prime Minister Bennett in first trip to UAE as Iran threat looms
Education Min. director dismissed in dispute over vaccination in schools
Yigal Slovik was fired following disagreements with minister Shasha-Biton in regards to the Israeli education system's handling of the COVID-19 crisis.
Source: Jerusalem Post
Full Article: Education Min. director dismissed in dispute over vaccination in schools
Elon Musk named Time's 2021 'Person of the Year'
Musk chosen 'for creating solutions to an existential crisis, embodying the possibilities and the perils of the age of tech titans and driving society's most daring and disruptive transformations.'
Source: Jerusalem Post
Full Article: Elon Musk named Time's 2021 'Person of the Year'
Black soldier fly larvae oil could improve colitis, Israel team finds
Black soldier fly larvae (BSFL) is considered one of the “superstars” of sustainable feed ingredients.
Source: Jerusalem Post
Full Article: Black soldier fly larvae oil could improve colitis, Israel team finds
Israeli airstrikes targeted chemical weapons facilities in Syria – report
Israel reportedly ordered the airstrikes after intelligence reports suggested Syria was rebuilding its chemical weapons capabilities.
Source: Jerusalem Post
Full Article: Israeli airstrikes targeted chemical weapons facilities in Syria - report
It's style mania at Heya Arabian Fashion Exhibition!
Fashion enthusiasts, get your shopping shoes on and prepare for another edition of the Heya Arabian Fashion Exhibition!.
Source: Albawaba
Full Article: It's style mania at Heya Arabian Fashion Exhibition!
Health app monitors cancer symptoms and treatments in Hebrew and Arabic
The free Wave Health app is now available in nine languages.
Source: Jerusalem Post
Full Article: Health app monitors cancer symptoms and treatments in Hebrew and Arabic
Saudi envoy deplores Iran's attitude in talks, 'security dialogue' held in Amman
Saudi Arabia and Iran have held a security dialogue session in Amman at the level of experts, the state news agency of Jordan, Petra, reported on Monday..
Source: Albawaba
Full Article: Saudi envoy deplores Iran's attitude in talks, 'security dialogue' held in Amman