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The International Monetary Fund’s (IMF) April 2025 World Economic Outlook (WEO) has provided updated inflationary assessments impacting financial reporting under IFRS. Based on this latest guidance, certain countries continue to be classified as hyperinflationary as at 30 June 2025, which triggers the application of IAS 29: Financial Reporting in Hyperinflationary Economies.

Saudi Arabia’s business landscape is evolving rapidly, driven by Vision 2030, digital transformation, and shifting global markets. Traditional growth models are no longer sufficient in an era of economic diversification, technological advancements, and changing consumer expectations. To stay competitive, business leaders must embrace innovation, align with national priorities, enhance agility, and integrate sustainability into their strategies. By adapting to these emerging trends, companies can unlock new opportunities and drive long-term success in the Kingdom’s dynamic economic future.

Saudi Arabia is rapidly emerging as a powerhouse in the global startup ecosystem, fostering innovation and entrepreneurship to build the next generation of billion-dollar companies. With a strategic vision, robust economic reforms, and increasing investment in technology and infrastructure, the Kingdom is positioning itself as a leading hub for startups aspiring to scale into unicorns.

ZATCA on 21 March 2025, announced the 22nd wave of taxpayers for implementing integration (phase 2) of e-invoicing, which now includes taxpayers whose taxable revenues exceeded SAR 1.00 Million during the years 2022, 2023 or 2024.

As Saudi Arabia continues its economic transformation under Vision 2030, the tax landscape is evolving rapidly. The Kingdom has recently implemented significant tax reforms including incentives and Regional Programs to diversify its revenue sources and create a business-friendly environment. In 2025, businesses operating in Saudi Arabia must stay informed about the key tax regulations to ensure compliance, manage liabilities effectively, and seize potential opportunities. This article explores the critical tax considerations businesses need to navigate this year's Saudi market.

Financial transparency has become a critical driver of sustainable business growth in an evolving global economy. In Saudi Arabia, where Vision 2030 aims to diversify the economy and enhance governance, transparency is no longer an option but a necessity. For businesses, embracing financial openness fosters trust, attracts investment, and strengthens long-term sustainability. This article explores how financial transparency fuels business growth in Saudi Arabia, shaping a more competitive and resilient economic environment.

Artificial intelligence (AI) and automation redefine how businesses operate in the ever-evolving financial landscape. For Chief Financial Officers (CFOs) in Saudi Arabia, these technological advancements are about efficiency and enabling strategic decision-making, improving compliance, and enhancing overall financial performance. As Vision 2030 drives digital transformation across industries, understanding and leveraging AI in finance has become imperative for CFOs to maintain competitiveness and drive sustainable growth.

Family businesses form the backbone of Saudi Arabia’s economy, contributing significantly to GDP, employment, and social development. With deep-rooted traditions, strong values, and a long-term perspective, these enterprises have demonstrated remarkable resilience over generations. However, sustaining success in an evolving economic and regulatory landscape requires strategic planning, adaptability, and effective governance. Understanding the key factors contributing to their longevity can provide valuable insights for business leaders and policymakers.

Saudi Arabia’s Vision 2030 is an ambitious blueprint designed to diversify the Kingdom’s economy, reduce its dependence on oil, and drive sustainable development across multiple sectors. Launched in 2016 by Crown Prince Mohammed bin Salman, the initiative has introduced sweeping reforms to transform the economic landscape, foster private sector growth, and position Saudi Arabia as a global investment hub. The opportunities for businesses looking to capitalise on this transformative period are vast and unprecedented.

Important development regarding customs refunds under the Proof of Origin regulations in Saudi Arabia.

As Saudi Arabia continues its transformative journey under Vision 2030, capital gains are becoming a crucial topic in the financial landscape. With the Kingdom’s efforts to attract foreign investments, foster entrepreneurship, and enhance market competitiveness, understanding global capital gains tax (CGT) policies is essential.

ZATCA on 28th February 2025, announced the 21st wave of taxpayers for implementing integration (phase 2) of e-invoicing, which now includes taxpayers whose taxable revenues exceeded SAR 1.25 Million during the years 2022, 2023 or 2024.

Our ‘Insights into IFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business.

Mergers and acquisitions (business combinations) can have a fundamental impact on the acquirer’s operations, resources and strategies. For most entities such transactions are infrequent, and each is unique. IFRS 3 ‘Business Combinations’ contains the requirements for these transactions, which can be challenging in practice.

Saudi Arabia has undergone a remarkable transformation in its economic and social landscape in recent years, with female empowerment emerging as a key pillar of national development. While gender diversity initiatives have often been framed in terms of meeting quotas or compliance requirements, the real value lies far beyond mere numbers. Businesses in the Kingdom of Saudi Arabia (KSA) that actively integrate and empower women in leadership, decision-making, and entrepreneurship foster inclusivity and unlock a significant competitive advantage.

Saudi Arabia is undergoing a remarkable transformation, with female leadership emerging as a driving force in the Kingdom’s economic and social evolution. Over the past decade, significant policy reforms and cultural shifts have empowered Saudi women to take on leadership roles in business, government, and entrepreneurship. As the country moves towards achieving Vision 2030, which prioritises female participation in the workforce, the question remains: What’s next for women in business, and how will female leadership shape Saudi Arabia’s future?