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Saudi Shoura Council approves draft law to protect the Saudi flag, emblem, and national anthem. The proposed draft will now go to the Saudi Cabinet for approval.Saudi Arabia’s flag law dates back to 1973, but there is no law regarding the use of the royal emblem or anthem.The new draft law will target any misuse...
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Saudi Arabia signed off a law change on privatization to boost investments. The kingdom is now to consider fairness, transparency, and feasibility before giving the green light to private-public partnerships.The National Center for Privatization and PPP have approved a new set of rules which regulate how to reach great deals in this sector.Being published in...
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The twenty-first century is witnessing a global revolution in the innovation and development of mechanisms that provide goods and services to consumers, and different business owners compete to provide the best products and follow the best marketing strategies. An integral part of marketing is branding, which is witnessing an unprecedented awareness movement to protect merchants,...
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The Saudi Ministry of Commerce point out seven types of tasattur and the violators may be subject to imprisonment of up to five years and/or a fine of not more than five million Saudi riyals,The Ministry calls for owners of businesses and commercial enterprises to exploit the extended six-month corrective period for violators of the...
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A new decision was made by Saudi Arabia’s Capital Market Authority (CMA) to allow the institutions of the financial market to accept the subscriptions of non-Saudis in the real estate fund that invests part or all of its assets in a real estate located within the boundaries of Makah and Madinah.In its statement on Monday,...
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The Saudi Ministry of Justice states that the cases of lawyers who violated the judicial regulations and professional ethics were referred to the Lawyers Disciplinary Committee to take the necessary legal procedures.In coordination with the Saudi Bar Association (SBA), the ministry has detected a number of professional violations committed by many lawyers, these violations varied...
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“Any employer who enables his workers to work for others or to be self-employed shall be subject to these penalties: A fine up to SR100,000 ($27,000), deportation if he is an expatriate in the Kingdom, imprisonment for a period up to six months, or a ban from recruitment for a period up to five years....
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Saudi Arabia has become one of the most attractive markets for international companies pursuing new mergers and acquisitions, and it is set to maintain its position in 2022.The kingdom’s growth stood at 6.8 percent for the third quarter. This is owed to rising world demand for crude oil, ambitious Saudi Vision 2030 targets, cutting the...
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In the light of celebrating “Saudi Day” at Expo 2020, Invest Saudi, the Kingdom’s investment promotion platform managed by the Ministry of Investment (MISA), hosted the Saudi Arabia Business Briefing to showcase innovative investment opportunities in the Kingdom’s business ecosystem.The event highlighted the major untapped potential in the Kingdom to attract new and existing investors....
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MENA mergers and acquisition deals reached $109bn in 2021. At the top of the list, the kingdom saw the most action, with $27.3 billion in mergers and acquisition activity, constituting half of the deals recorded in the region. The number of deals signed off in 2021 was up 40 percent compared to the previous 12...
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