Saudi Arabia, Albania ink deals on taxation, tourism

King Salman receives Albanian Prime Minister Edi Rama in Riyadh on Wednesday. (SPA)
Updated 07 February 2019

Saudi Arabia, Albania ink deals on taxation, tourism

  • An agreement to avoid double taxation and prevent evasion of income tax was signed

RIYADH: King Salman received Albanian Prime Minister Edi Rama at his palace in Riyadh on Wednesday.

The monarch welcomed Rama and his accompanying delegation to the Kingdom, while the prime minister expressed his happiness to visit Saudi Arabia. 

During the meeting, they discussed ways to enhance cooperation in various fields, and reviewed the latest regional developments.

The king and Rama attended the signing ceremony of two agreements and a memorandum of understanding (MoU) between Saudi Arabia and Albania.

An MoU on tourism cooperation was signed by the chairman of the Saudi Commission for Tourism and National Heritage (SCTH), Ahmed Al-Khateeb, and Albania’s ambassador to the Kingdom, Sami Shiba.

An agreement to avoid double taxation and prevent evasion of income tax was signed by Saudi Finance Minister Mohammed Al-Jadaan and Albanian Minister of Economy and Finance Anila Denaj.

An agreement on cooperation in air services was signed by Saudi Transport Minister Nabeel Al-Amoudi and Shiba.

The signing ceremony was attended by Al-Jadaan, Riyadh Gov. Prince Faisal bin Bandar, State Minister Prince Mansour bin Miteb, Interior Minister Prince Abdul Aziz bin Saud bin Naif, Foreign Minister Dr. Ibrahim Al-Assaf, Ambassador to Albania Abdulmomin Mohammed Sharaf and numerous other officials.

Al-Khateeb met with Rama earlier, and they reviewed investment opportunities in both countries and cooperation in the international development sector.

Albania is a safe country for tourists. The people are very open toward foreign visitors. Hospitality is an old Albanian tradition and foreigners are always treated with special respect.


Saudi Cabinet voices support for Cyprus

King Salman chairs the Cabinet session on Tuesday. The meeting reviewed the Kingdom’s economic progress. (SPA)
Updated 22 January 2020

Saudi Cabinet voices support for Cyprus

  • Kingdom calls for security to be maintained in the region

RIYADH: Saudi Arabia has voiced its support for Cyprus’ territorial sovereignty amid growing tensions following the discovery of oil and gas reserves in the eastern Mediterranean.

The Saudi Cabinet, chaired by King Salman, on Tuesday said it was watching developments in the eastern Mediterranean “with great interest,” and called for security and stability to be maintained in the region.
The Cabinet also reviewed the Kingdom’s progress among 190 economies in the World Bank’s Women, Business and the Law 2020 report, which placed it first among GCC countries and second in the Arab world on legislative reforms relating to women.
Saudi Arabia’s Vision 2030 program supports the implementation of reforms that enhance women’s role in economic development, raising the Kingdom’s competitiveness regionally and globally.
Minister of Media Turki bin Abdullah Al-Shabanah said the Cabinet reviewed several reports on developments in regional and international arenas.
The Cabinet reiterated the Kingdom’s assertion during the fourth session of the Arab Parliament in Cairo that its policy is based on the principles of peaceful coexistence and good neighborliness, full respect for the sovereignty and independence of states, noninterference in their internal affairs, and its belief that these principles are capable of resolving all conflicts, foremost the Arab-Israeli conflict.

HIGHLIGHT

The Cabinet reviewed efforts to promote political solutions to crises in Syria, Yemen, Libya and Sudan, calling on all to take action to address destabilizing foreign threats and interventions.

The Cabinet also reviewed efforts to promote political solutions to crises in Syria, Yemen, Libya and Sudan, calling on all to take action to address destabilizing foreign threats and interventions and to “move forward toward the aspirations of security, stability and development of Arab countries and their peoples.”
On regional affairs, the Cabinet condemned an attack on a military site in Niger, the bombing of a security checkpoint and a tax collection center in Somalia, and the terrorist strike by Houthi militia on a mosque in the Marib governorate, which resulted in dozens of deaths and injuries.
The Cabinet session also authorized the minister of foreign affairs or his deputy to sign a draft protocol on establishing diplomatic relations between Saudi Arabia and Zimbabwe.
An agreement on social development between the the Kingdom and Tunisia was also approved along with a memorandum of understanding for scientific and technical cooperation with Spain.
The Cabinet also approved an agreement for scientific and geological cooperation between the Saudi Geological Survey and the Russian State Geological Company.