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The Capital Market Authority (CMA) continues to drive the development of the Saudi capital markets in furtherance of the Saudi Vision 2030’s Financial Sector Development Program with the issue of its draft proposed amendments to some of its key implementing regulations on 23 December 2019. The proposed changes are to…

In brief COVID-19 has brought about unfavorable consequences for companies and many of them will be facing financial hardships in the aftermath of the pandemic. One of the most effective ways in which companies may address financial di756876 stress is through mergers. Lerisha Naidu, Sphesihle Nxumalo, and Thando Thabethe, from…

In September 2018, the UAE issued the Foreign Direct Investment Law (FDI Law) to open up the UAE mainland market to foreign investors in certain sectors of the economy. This was followed by the announcement on July 2019 of the relaxation of foreign ownership restrictions for 122 business activities, specifically in the…

As the 2019 Novel Coronavirus (COVID-19) continues to spread across the globe, businesses are facing weakened financial markets, disruption to workplace operations, and economic uncertainty. We have seen unprecedented measures taken by the UAE to prevent the spread of the disease including mandatory work from home instructions and business shut…