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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
The past months have brought numerous new developments to the DIFC framework:
On 15th April 2020, the DIFC announced, in particular the following initiatives to help and protect DIFC businesses from the Covid-19-related impact on their financial performance:
From Sunday April 26th DIFC entities can partially resume for business, as follows:
Every person entering the DIFC (as employee or visitor):
Between 1 April and 31 July 2020, the following measures could be introduced by employers:
From 19 April 2020, in particular the following modifications have been introduced to the DIFC portal for entities:
For New businesses:
For Existing businesses:
To help you benefit from the new developments, we would be particularly happy to advise you on:
Partner, Corporate Structuring
Noff Al Khafaji
Senior Associate, Corporate Structuring
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