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Find out moreWelcome to the Saudi Arabia focus edition of Law Update.
One of the key markets in the Middle East and North Africa (MENA) that continues to lead from the front is the Kingdom of Saudi Arabia (KSA). As the largest country in the Middle East and the 18th largest economy in the world, the progress KSA continues to make is underpinned by its Vision 2030 that envisions developing the country as an investment powerhouse and hub that ultimately connects Asia, Europe, and Africa. Given Saudi Arabia’s significance to the regional economy, our team of experts have prepared a range of pertinent articles that provide insights into new laws, regulations, and the legal landscape in the Kingdom.
This edition will provide you with an up-to-date guide on matters such as; the framework issued by the Saudi Central Bank on IT governance, the anti-corruption landscape under Vision 2030; we also provide practical tips for dispute avoidance. This is only a snapshot; there are many more articles within the KSA focus section for you to read, which we hope you will find valuable and enjoyable.
Read the editionIn 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:
Foutoun Hajjar
Partner, Head of Office – Bahrain
f.hajjar@tamimi.com
Rad El Treki
Head of Corporate Structuring – Bahrain
r.eltreki@tamimi.com
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