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The kingdom of Saudi Arabia will combine two state-run pension and unemployment insurance funds into an entity with almost $29bn, Bloomberg reports. The kingdom’s cabinet has reportedly approved the merger of the Public Pension Agency and the General Organization of Read more
Saudi finance ministry announced Monday the kingdom the value added tax (VAT) rate will increase from 5 % to 15 % from July 1 as part of austerity measures taken to prop up the economy hit by the impacts of Read more
Saudi King Salman Bin Abdulaziz will not meet up other world leaders in Germany this weekend in the framework of the G-20 Summit in Hamburg. German government spokesperson Steffen Seibert told Germany’s state news agency DPA that the 81-year old Read more