| Saudi investment law change opens doors for US firms, says business council chief
US-based artificial intelligence, cybersecurity, and renewable energy firms are among those set to benefit from changes to Saudi Arabia’s foreign investment rules, according to a business council chief. |
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| Saudi Cabinet approves key agreements with UK, Malaysia and Jordan
A number of key agreements signed with the UK, Malaysia, and Jordan received approval from the Saudi Cabinet, as Saudi Arabia strengthens its international partnerships under Vision 2030. |
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| Riyadh Air partners with FIFA’s Concacaf as official airline
Saudi Arabia’s Riyadh Air has secured a multi-year agreement to become the official airline partner of Concacaf, the FIFA Confederation for North, Central America, and the Caribbean. |
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| UAE: Domestic workers, employers can now resolve disputes faster under new law
Disputes between domestic workers and their employers can be resolved faster under new regulations introduced by the Ministry Human Resources and Emiratisation (Mohre). |
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| Saudi Arabia to sign real estate deals with US during minister’s visit
Multiple US-Saudi real estate agreements are set to be signed during a five-day visit by a leading official from the Kingdom to the North American country. |
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| Red Sea signs deal with Italian firm to build staff camp for Tojena Dam project
The Trojena Dam project in NEOM is set to advance as Red Sea International Co.has secured a SR658 million ($175 million) contract with the Italian construction and civil engineering firm Webuild SpA. |
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| Dubai: What should employees do if employers fail to pay commission regularly?
I work as a salesman at a mainland company in Dubai. My offer letter mentions a monthly salary, benefits, and commissions for exceeding my target. While my salary is paid on time, my commissions are not. I receive the commissions in certain months sometimes, but not always. Is there a legal way to handle this? |
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| New UAE law amends rules on domestic worker disputes
New regulations will apply on disputes that involve domestic workers, their employers, and recruitment companies, UAE authorities announced on Tuesday. |
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| Saudi Cabinet approves new investment law
The Kingdom of Saudi Arabia Cabinet announced on Sunday approval of updated investment law in alignment with the 2030 vision and the National Investment Strategy. |
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| Saudi Arabia arrests 19,989 illegals in one week
Saudi authorities arrested 19,989 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday. |
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| Kuwait, Uzbekistan eye MoU to foster trade and investment cooperation
Kuwait Chamber of Commerce and Industry on Wednesday received an economic delegation from the Republic of Uzbekistan, led by Uzbekistanís Foreign Minister Bakhtiyor Saidov. |
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| Dubai: Is it legal for landlords to ask tenants to pay service, Rera fees at every lease renewal?
I've been living in a Dubai apartment for the last three years. When I first moved in, the real estate company charged me a fee, but now they're charging me a Dh1,000 'service fee' and a Dh200 Rera fee each time I renew my tenancy contract. I just received the renewal notice last week, and those charges are listed again. Is this even allowed? Is this legal? |
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| ACWA Power signs deal for Indonesia’s first floating solar PV project
Saudi-listed ACWA Power has signed a power purchase agreement with Indonesia’s state-owned PT Perusahaan Listrik Negara for its inaugural floating solar photovoltaic project in the country. |
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| Up to Dh1-million fine: UAE labour law changes crack down on fake Emiratisation
A new amendment introduced to the UAE labour law specifies heftier penalties for fake Emiratisation, a legal expert has said. Announced earlier this week, the law specifies fines ranging from Dh100,000 to Dh1 million for "fraudulent labour acts". |
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| Saudi EXIM Bank secures $10m credit line with Mauritania to boost non-oil exports
A $10 million credit line agreement was signed between Saudi EXIM Bank and Mauritania Investment Bank aims to enhance the Kingdom’s non-oil exports to the African nation and strengthen bilateral trade relations. |
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| Up to Dh1 million fine: UAE issues new law to regulate employee relationships
The UAE Government announced fines ranging up to Dh1 million on Monday after a Federal Decree-Law was issued, amending specific provisions of the Federal Decree-Law on the Regulation of Employment Relationships. |
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| UAE: Can bank customers recover money lost in unauthorised card transactions?
My credit card was recently used for unauthorised purchases, and I had it blocked. I spoked with my bank, however, they suggested that I might have entered my card details on a fraudulent website. |
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| Kingdom arrests 20,471 illegals in one week
Saudi authorities arrested 20,471 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday. |
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| Dubai: How can buyer ensure that seller moves out on agreed date?
Question: I am planning to purchase a property in Dubai directly from the owner, who has promised to vacate the unit by the end of the year. |
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| Kuwait and Bahrain ink executive program for tourism cooperation
In a significant step towards enhancing bilateral relations and fostering the tourism sector, Kuwait and Bahrain signed the executive program of the tourism cooperation agreement for the years 2024, 2025, and 2026. |
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| Changes to Saudi labor law set to increase job stability, protect workers’ rights
Recent amendments to several labor law articles will create a more attractive work environment for employees and promote sustainable development, the Ministry of Human Resources and Social Development said. |
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| Kuwait, Saudi boost security cooperation
Kuwait’s Undersecretary of the Ministry of Interior, Lieutenant General Sheikh Salem Nawaf Al-Ahmad Al-Sabah, discussed with Saudi counterpart Dr Khaled Al-Battal on Tuesday, enhancing the existing security cooperation between the two ministries. In a statement, the Kuwaiti Ministry of Interior said that this came during a meeting between the two officials. |
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| Saudi approves MoU on SPA and KUNA news exchange
The Council of Ministers of Saudi Arabia gave thumbs up Tuesday for a Memorandum of Understanding (MoU) on news exchange between the Saudi Press Agency (SPA) and the Kuwait News Agency (KUNA). |
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| Up to Dh200,000 fine in UAE: How employees can file case against employer for unfair practices
I work for a mainland company in the UAE and I am planning to file a labour case against my employer for unfair practices. Can you walk me through the procedure and process on how it works? |
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| Ministry of Finance and KNET ink e-payment services deal
The Kuwaiti Ministry of Finance on Monday signed a three-year contract for electronic payment services with the Joint Automated Banking Services Company (KNET) to create a safe financial environment for collecting government service fees electronically. |
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| Saudi Arabia arrests 21,049 illegals in one week
Saudi authorities arrested 21,049 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday. |
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| Cabinet reviews property laws, infringement, targets violators
The First Deputy Prime Minister, Minister of Defense, and Acting Minister of Interior Sheikh Fahad Al-Yousef Saud Al-Sabah offered a presentation to the Cabinet on the violation of the law by a private sector company that acquired a plot of land amounting to two million sqm and used it for a purpose other than the originally stated one. |
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| PAM, AMIDEAST sign agreement
Within the framework of the state’s keenness to contain young people, prepare them functionally, and pave ways for their development and to create a generation capable of being successful, the Acting Director General of the Public Authority of Manpower (PAM), Marzouq Al-Otaibi, and Director of the American Institute for the Middle East, AMIDEAST, signed a cooperation agreement regarding the program to empower women and to encourage them to work in the private sector. |
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| Saudi Arabia’s real estate price index rises 1.7%: GASTAT
Saudi Arabia’s real estate price index edged up by 1.7 percent in the second quarter of 2024, compared to the same period last year, driven by a surge in residential sector costs, official data showed. |
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| MoI: No one above the law
First Deputy Prime Minister and Defense and Interior Minister Sheikh Fahad Al-Yousef Al-Sabah affirmed on Wednesday that no one is above the law and the police’s top priority is Kuwait’s security. |
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| Investment task force meeting heralds new era for India-Saudi Arabia trade relationship
Trade and economic relations between India and Saudi Arabia have taken another step forward after the countries’ inaugural High-Level Task Force on Investments was held earlier this week. |
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| Saudi Ministry signs cooperation agreement with Nigeria’s Supreme Council for Islamic Affairs
The Saudi minister of Islamic affairs, dawah and guidance, Abdullatif Al-Asheikh, signed an agreement with Nigeria’s Supreme Council for Islamic Affairs in Jeddah on Thursday, with the aim of strengthening cooperation between the nations in efforts to promote the understanding of Islam and its message of tolerance, and raising cultural awareness among Muslims. |
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| Saudi EXIM signs deal with InvestChile to boost trade ties, non-oil exports
Trade between Saudi Arabia and Chile is poised for growth with a new agreement between Saudi EXIM Bank and InvestChile that seeks to strengthen cooperation and boost non-oil exports. |
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| Saudi-S. Korea firms sign 10 agreements at high-level business forum
Saudi and South Korean companies signed 10 agreements spanning construction, energy and health sectors on the sidelines of a business forum in Seoul on Tuesday. |
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| Saudi, Brazilian banks sign deal to boost trade ties, non-oil exports
Trade between Saudi Arabia and Brazil is poised to expand following a new agreement between their banks aimed at boosting cooperation and increasing non-oil exports. |
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| Saudi Arabia signs development agreement with Kosovo
Saudi Fund for Development CEO Sultan Al-Marshad on Monday signed a development loan agreement worth over $14 million with Kosovo’s Minister of Finance, Labor and Transfers Hekuran Murati in Kosovo. |
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| Awqaf signs agreement with Islamic Heritage
The general secretariat of Awqaf announced on Sunday the signing of a cooperation agreement with the Society for the Revival of Islamic Heritage on the project of the global technical learning system and useful science. |
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| Saudi insurance sector to consolidate as Buruj and MedGulf sign merger deal
The Saudi insurance sector is set for consolidation as two leading firms signed a non-binding memorandum of understanding to explore a potential merger. |
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| Turkiye to host 1st round of free trade pact negotiations with GCC states
Turkiye will hold the first round of negotiations of the Free Trade Agreement with Gulf Cooperation Council states during a three-day event to enhance economic exchange in goods, services, and investment. |
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| Egypt signs investment deals worth $340m to boost oil and gas production
Egypt’s Ministry of Petroleum and Mineral Resources signed two agreements with international companies on Sunday to invest $340 million to boost oil and gas production in the Mediterranean and Gulf of Suez. |
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| Saudi Arabia’s GACA, SAMI come away from Farnborough Airshow with deals, agreements
Saudi Arabia’s General Authority of Civil Aviation built good investment opportunities with British companies after visiting the Farnborough International Airshow, which concluded on Friday, its president said on Saturday. |
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| Saudi authorities arrest 21,103 illegals in one week
Saudi authorities arrested 21,103 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday. |
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| Historic Jeddah to support securing local workforce with new agreement
Saudis will receive training and support to help secure hospitality jobs in Historic Jeddah thanks to a new agreement between the Ministry of Tourism and Al-Balad Development Co. |
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| Riyadh Air signs 5-year deal to use GE Aerospace’s software
Riyadh Air signed a five-year agreement on Monday to use GE Aerospace’s flight operations software, the airline has announced. |
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| Saudi GACA, Germany’s Lilium sign MoU to boost air mobility roadmap
Saudi Arabia’s General Authority of Civil Aviation has inked a deal with German electric vertical take-off and landing vehicle manufacturer Lilium, propelling the Kingdom’s advanced air mobility roadmap. |
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| Saudi Arabia, Egypt to boost energy cooperation after high-level meeting
Saudi Arabia and Egypt are set to boost energy cooperation following a meeting between top officials to expand ties in petroleum, gas, electricity, renewable energy, and hydrogen. |
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| National Housing Co. partners with Korean firm Naver to boost smart city solutions in the Kingdom
The Saudi real estate sector is set to embrace advanced technologies after the National Housing Co. partnered with Korean tech firm Naver Corp. to enhance smart city solutions. |
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| Partnership deal signed to support talents in KSA
The Saudi Commission for Health Specialties, and the King Abdulaziz and His Companions Foundation for Giftedness and Creativity on Sunday signed a partnership agreement to support talented individuals. |
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| King Salman issues royal order to change name of Saudi housing ministry
Saudi Arabia’s King Salman issued an order on Sunday to change the name of the Ministry of Municipal and Rural Affairs and Housing to the Ministry of Municipalities and Housing, the Saudi Press Agency reported. |
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| Real Estate Brokerage Law spurs 17% surge in Saudi property transactions, watchdog head reveals
New regulations providing safeguards in Saudi Arabia’s real estate sector helped drive up residential and commercial property transactions by 17 percent within their first year, according to a senior official. |