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We are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.Read the full edition
In a move to reassure its citizens and the commercial sector of the Government’s commitment towards safeguarding the economy and national welfare in light of the coronavirus (COVID-19) pandemic, H.E The Minister of Finance and National Economy Sheikh Salman bin Khalifa Al Khalifa introduced an unprecedented stimulus package of 4.3 Billion Bahraini Dinars to facilitate a comprehensive support scheme for citizens, residents and businesses.
An official publication by the Bahrain News Agency (BNA) highlighted the following eight key policy mechanisms aimed at ameliorating the widespread effects of the COVID-19 pandemic on households and industries across Bahrain:
The swift and comprehensive measures taken by the Government of Bahrain in response to COVID-19 are consistent with the Government’s ongoing steadfast commitment to pro-actively prioritise the health, safety and well-being of its citizens, residents and businesses during these times.
Al Tamimi & Company are here to assist our clients at this difficult time. We are integrated into the business life and community of Bahrain. Please do not hesitate to contact us if we can help in any way:
Partner, Head of Office – Bahrain
Rad El Treki
Head of Corporate Structuring – Bahrain
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.