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Big changes are underway
Foreign investors no longer have to acquire an investment license.
Fresh amendments to the labor law
Changes include extended maternity leave to 12 weeks, up from 10
New laws on consumer protection and commercial transactions are in the works
Plus: Turkey returns USD 5 bn Saudi deposit
Cabinet gives the greenlight for energy MoU with Pakistan
Logistics services and aviation MoUs with Djibouti and Costa Rica also got the okay
Cabinet gives the go-ahead for MoU with US Department of Justice
Visa exemptions agreements with Costa Rica and Malta got the okay, too
Welcome to the era of “data sovereignty”: New regs could change how Saudi data is shared and used outside the Kingdom
It’s all about what regulators are now calling “data sovereignty”
Mobily lines up SAR 4.8 bn in murabaha finance from SNB. PLUS: BSF wraps up a sukuk offering
Proceeds are earmarked to fund Mobily’s existing debt obligations and finance its working capital
Riyadh will play host to World Economic Forum meeting in April
PLUS: Alibrahim sees non-oil GDP growth at 4.5% to 5.0%
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