Saudi Arabia

Middle East | 24 Oct 17

Expats working in Saudi Arabia will now only be able to apply for one-year employment visas after the Ministry of Labor and Social Development cut the duration in half.

Industry | 2 Oct 17

Asset management and other investment firms will find it easier to open and operate in Saudi Arabia after the country’s Capital Market Authority (CMA) loosened its licensing rules.

Industry | 22 Sep 17

Saudi Arabia is planning to follow the United Arab Emirates in introducing a bankruptcy law to help its efforts to boost foreign investment into the oil-dependent economy, according to the Al Arabiya news channel.

Middle East | 7 Sep 17

Saudi Arabia is redrafting a series of reforms aimed at boosting the country’s non-oil revenue, amid concerns some of the initiatives could negatively impact the economy.

Middle East | 4 Sep 17

Saudi Arabia has opened registration for the new 5% value added tax (VAT), which begins on 1 January next year as part of a move to diversify its economy away from a reliance on oil revenues.