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The Transformation of Listed Companies in KSA
Saudi Arabia is the largest economy in the Middle East and is undergoing rapid transformation as part of its Vision 2030 plan. The plan aims to reduce the country's dependence on oil exports and diversify its economy. One of the key elements of this plan is the transformation of listed companies in Saudi Arabia to become more financially sound and efficient.
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Saudi Arabia Announces Four New Special Economic Zones to Drive Economic Growth
Saudi Arabia, the largest economy in the Middle East, has recently announced plans to establish four additional Special Economic Zones (SEZs) as part of its ambitious Vision 2030 plan to diversify the economy and reduce its dependence on oil revenue. These SEZs are set to become key drivers of economic growth, attracting foreign investment, promoting innovation, and creating employment opportunities in the kingdom.
Financial services Home
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Evolution of the Financial Services Industry in KSA
The financial services industry is experiencing a seismic shift. Disruptive companies such as Uber and Airbnb have disrupted traditional businesses such as hotel chains and taxi firms with innovative technologies. In the same vein, financial technology (FinTech) startups are shaking up the financial services industry with innovative technologies that are changing how we bank, make payments, and invest.
Travel, tourism & leisure Home
Aviation Insights
Preparing for the return of travel
From liquidity to debt and restructuring, we address the diverse and complex
challenges faced by airlines, leasing companies and aircraft funds in particular.
We also consider implications for employers and how financial planning for the
medium and long term will be affected.
Healthcare Home
Blog
Navigating KSAs Healthcare Industry
The healthcare industry in the Kingdom of Saudi Arabia (KSA) is among the most advanced in the Middle East, but there are strict financial reporting requirements that must be followed to ensure high-quality care for everyone. These requirements include tax, audit, and other advisory considerations, like data protection and cyber security. Let's take a closer look at what healthcare companies in KSA need to know.

The Government of Oman in October 2020 announced the long-anticipated Value Added Tax (VAT) Law. The Law will be effective from April 2021 and will create significant impact for businesses who operate in the country. To support businesses with their implementation, the Oman Tax Authority has released the VAT Implementing Regulations on 14 March 2021, which signifies the countdown to implementation in just under 33 days.
In this article
During a recent webinar organised by Thomson Reuters, focusing on VAT implementation across Oman, industry experts shared their insights on how to prepare effectively. Following on from the session, Tax Expert, Ganesh Nair of Grant Thornton Saudi Arabia shares an overview of the elements which Omani businesses may need to consider, following the attached lessons learnt during the implementation of VAT across Saudi Arabia.
Preparing for VAT in Oman
We share an overview of the elements which Omani businesses may need to consider, following the lessons learnt during the implementation of VAT across Saudi Arabia.