Saudi Arabia launches new white land tax zones: Up to 10% fee for key areas in Riyadh
Thursday, 28 August 2025 () Saudi Arabia has implemented a white land tax system in Riyadh, dividing the city into four zones with tax rates from 2.5% to 10% based on assessed land value. This initiative aims to stimulate development, discourage land speculation, and promote balanced urban growth in line with Crown Prince Mohammed bin Salman’s vision.
Houthis fired two ballistic missiles at Israel, but both fell short and landed in Saudi Arabia, marking a dangerous escalation in the Red Sea. One of the strikes targeted an Israeli-linked oil tanker..
Ukrainian President Volodymyr Zelensky has rejected any peace deal emerging from the planned Trump-Putin summit in Alaska, warning it would be “stillborn” without Kyiv’s involvement. According to..
France and Saudi Arabia are spearheading a new diplomatic push for Palestinian statehood, co-hosting a UN summit on July 28 in New York. President Macron announced France will officially recognize..
Thursday, 28 August 2025 ()
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