Yemen govt to attend peace talks in Sweden, Houthis halt missile attacks

The UN special envoy for Yemen Martin Griffiths has said the talks are a "crucial moment." (File/AFP)
Updated 19 November 2018

Yemen govt to attend peace talks in Sweden, Houthis halt missile attacks

  • The Iran-backed rebels ordered the cessation of rocket and drone attacks
  • It cessation was done at the request of UN special envoy Martin Griffiths

DUBAI: The legitimate government of Yemen has agreed to participate in the peace talks set to be held in Sweden “soon,” Saudi Arabia’s King Salman said during his opening speech at the Kingdom’s Shoura Council on Monday. 

The Kings statement came hours after a senior leader of the Houthi militia said the group would stop firing missiles into Saudi Arabia for the sake of peace efforts.
The Houthi leader, Mohammed Ali Al-Houthi, said the Iran-backed rebels ordered the cessation of rocket and drone attacks on the Saudis and forces loyal to coalition member the United Arab Emirates at the request of UN special envoy Martin Griffiths.
The statement was carried by militia-controlled media early on Monday.
Griffiths announced on Friday that both sides had agreed to attend talks in Sweden “soon” aimed at ending the three-year war. The announcement followed an informal de-escalation last week around the key port city of Hodeidah.
At the time Martin Griffiths told UN Security Council members: “This is a crucial moment for Yemen.”  


Saudi VAT revenues hit SR46.7bn in a year: Finance minister

Updated 14 November 2019

Saudi VAT revenues hit SR46.7bn in a year: Finance minister

  • Al-Jadaan announced the figures during the first edition of the General Authority for Zakat and Tax
  • Said Kingdom was working to reach a consensual solution for tax challenges

RIYADH: Saudi VAT revenues have hit SR46.7 billion ($12.45 billion), a significant increase on estimates for the fiscal year, according to the Kingdom’s finance minister.

Mohammed Al-Jadaan announced the figures during the first edition of the General Authority for Zakat and Tax (GAZT) conference and exhibition.

“The commitment rate came at 90 percent, exceeding all the expectations of GAZT and some international organizations that ranged between 60 and 70 percent,” he said.

“The conference comes as the Kingdom is witnessing an economic and social transformation under the leadership of King Salman and Crown Prince Mohammed bin Salman to achieve a diverse economy and sustainable growth in line with the Kingdom’s 2030 vision.

“The Kingdom’s fiscal policy aims to achieve a balance between the state’s financial and economic objectives. It seeks to maintain financial sustainability for the medium and long terms, which stimulates economic growth rates. This generates from our recognition that fiscal policies are one of the most important drivers of growth in the non-oil sector,” he added.

“The digital economy is rapidly advancing. We hope that modern technologies such as artificial intelligence and blockchains will improve compliance with zakat and taxes, enrich the business sector, lower costs, promote tax transparency and develop e-commerce tax regulations.

“This conference will hopefully achieve a qualitative leap in the sectors of zakat and taxes by promoting cooperation and exchanging experiences.”

Al-Jadaan said that as the Kingdom prepared to host the next G20 summit, it was working to reach a consensual solution for tax challenges of the digital economy and contribute with other member states to stabilizing the global economy.