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Individuals who transfer their ownership of a real estate property to a company in which they own or owned shares are now exempt from the tax
Author Archives: enterpriseam admin
Posted inTech
99% of everyone in Saudi has access to internet, gov’t data shows — and more than half of us are online >7 hours a day
December was 2023’s busiest month in terms of internet usage
Posted inEARNINGS
Bank AlJazira net income soars 47% in 1Q 2024 as transformation plan delivers results
Tawuniya | Bank AlJazira | Bahri
Posted inSAUDI IN THE NEWS
NYT’s Tom Friedman says he has the inside scoop on Saudi-US pact
Plus: Bloomberg continues to ramp up coverage of Saudi
Posted inALSO ON OUR RADAR
Lucid to work with Kacst on joint research for EV infrastructure. Plus: tourism, M&A and logistics
Lucid | King Abdulaziz City for Science and Technology (Kacst) | 2P | Saudi Tourism Investment Company (Asfar) | Rotana Hotels | Mawani | Folk Maritime | Taqat Mineral | Bayan Al Naql | Saudi Fund for Development (SFD)
Posted inPLANET FINANCE
Warren Buffett praises Apple after trimming positions — and is a bit freaked out about AI
Oracle of Omaha tells shareholders that AI is akin to letting the nuclear “genie” out of the bottle
Posted inCALENDAR
MAY 2-5 May (Thursday-Sunday): Townhall Expo, Riyadh. 6-9 May (Monday-Thursday): Saudi Smart Manufacturing, Riyadh. 6-9 May (Monday-Thursday): Saudi Smart Logistics, Riyadh. 13-15 May (Monday-Wednesday): Smart Future Expo, Riyadh. 13-15 May (Monday-Wednesday): Poultry Expo Riyadh. 13 May (Monday): Saudi Giga Projects, Riyadh. 14-15 May (Tuesday and Wednesday): Saudi Great Futures, Riyadh. 19-21 May (Sunday-Tuesday): Saudi Energy […]
Posted inWHAT WE’RE TRACKING TODAY
Saudi and the US said to be closing in on AI, defense, and nuclear pacts
Pact would see Riyadh preference advanced US technologies, open door to further investment
Posted inECONOMY
Economy contracts again in 1Q 2024 on lower oil activity
The downturn was once again due to a decline in oil activity, which fell by 10.6% y-o-y in the last quarter