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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

06/12/2023

	Council of Ministers to approve Saudi general budget on Wednesday Saudi Arabia’s Council of Ministers will hold a session on Wednesday to approve the Kingdom’s general budget for the new fiscal year, Saudi Press Agency reported on Tuesday.
	Saudi Arabia offers tax incentives for companies moving regional HQs to Riyadh Saudi Arabia said on Tuesday it will offer tax incentives for foreign companies that locate their regional headquarters in the Kingdom, including a 30-year exemption for corporate income tax.
	Riyadh, Doha sign multiple deals across various sectors Saudi Arabia and Qatar have signed multiple agreements and memorandums of understanding as both nations continue to strengthen their relationship.
	Closing Bell: Saudi main index loses 48 points to close at 11,144 Saudi Arabia’s Tadawul All Share Index turned red on Tuesday, as it shed 47.56 points, or 0.42 percent, to close at 11,143.83.
	Saudi Arabia, UK ink deal to strengthen marine environmental protection Saudi Arabia and the UK have signed a memorandum of understanding to enhance cooperation in marine environmental protection.
	UAE’s banking entities commit over $270bn in sustainable finance The UAE’s green economy is poised to receive significant support as the country’s banking federation and its affiliated national financial institutions have pledged to mobilize over 1 trillion dirhams ($270 billion) for sustainable finance by 2030.
	Saudi SMEs see $270m boost from government-backed fund More than SR1 billion ($270 million) has been allocated to small and medium enterprises in Saudi Arabia since 2017 by a government-backed platform known as Forsa.
	Qatar’s industrial sector achieves 1.13% growth in October Qatar’s producer price index for its industrial sector registered an increase of 1.13 percent in October 2023 compared to the previous month.

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