Saudi Arabia

Saudi Arabia: Labor Update – Labor reforms for foreign national private sector workers (2)...

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On 4 November 2020, the Ministry of Human Resources and Social Development (MHRSD) announced certain labor reforms for foreign national employees working in the private sector that will come into effect on 14 March 2021. Since the initial announcement, the MHRSD (in coordination with the National Transformation Program and National Information Center) announced the conditions in order to benefit from each of the initiatives.

Middle East Tax Newsletter: Current status of VAT and other tax related developments across...

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Our Middle East Tax Newsletter aims to provide you with regular updates, insights and practical guidance on the tax implications of doing business in the region.In this issue, we provide a roundup of the current status of Value Added Tax (VAT) and the most recent tax related developments across the Gulf Cooperation Council (GCC), as well as their implications on the financial position of businesses.

Middle East: Baker McKenzie MENA Employment Newsletter – Labour law updates in the GCC...

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Recent developments in the labour laws of the United Arab Emirates (UAE), Saudi Arabia and Bahrain have been issued to bridge the gender pay gap between men and women. The updates have been in relation to: (i) prohibiting discrimination, whether in pay or otherwise, between male and female employees who carry out the same job in the UAE, Saudi Arabia and Bahrain; (ii) introducing paternity leave in the UAE; and (iii) granting female workers in Saudi Arabia further rights in the workplace (including working in hazardous workplaces and at night).

Saudi Arabia: New Mining Investment Law in Saudi Arabia

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As part of Saudi Vision 2030, a strategic framework aimed at reducing Saudi Arabia’s dependence on oil and diversifying its economy, the Ministry of...

Saudi Arabia: A New dawn for Saudi Arabia’s Capital Markets – The commencement of...

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Some two years since its establishment in 2018 and just months after the issue of its license in January this year, Securities Clearing Center Company ("Muqassa") announced the commencement of its operations on 30 August 2020.

Saudi Arabia: Proposed Amendments to the CMA Securities Business Regulations and Authorized Persons Regulations...

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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...

Saudi Arabia: Government Implements Measures to Mitigate the Impact of COVID on Private Sector

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The government has prepared urgent initiatives to support the private sector, especially small and medium enterprises (SMEs) and economic activities most affected by the...

Coronavirus: A Quick Guide for Employers in EMEA

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Baker McKenzie's EMEA Employment and Compensation Team is pleased to provide you with this quick guide for employers, dealing with 11 of the most...

Saudi Arabia Regulates E-commerce

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What has changed?The Ministry of Commerce and Investment in Saudi Arabia ("MoCI") adopted the Implementing Regulations of the E-commerce Law, with immediate effect on...

Saudi Arabia Reforms its Competition Law – What is New?

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DOWNLOAD ALERTOn 25/1/1441H (corresponding to 24 September 2019), the Board of Directors of the General Authority for Competition (the "Authority") issued the anticipated implementing...
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