Recent actions by the Saudi Arabia competition authority confirm that the agency is adopting a more aggressive enforcement approach, particularly involving consumer-facing companies.
The Saudi Arabian General Authority...more
Saudi Arabia competition authority blocks its first transaction under the Kingdom's 2019 Competition Law.
The Saudi Arabian General Authority for Competition ("GAC") announced this week that its board had blocked Delivery...more
The Situation: On June 21, 2020, the Saudi Minister of Tourism, Ahmed Al-Khateeb, announced the creation of a Tourism Development Fund ("Fund") with an initial capital of SAR 15 billion (approximately US$4 billion).
The...more
In recent years, Saudi Arabia has witnessed substantial growth in the production of primary, midstream, and downstream mineral and metals products catering to both local and export markets. Currently, as a part of the...more
On June 11, 2017, the Saudi Arabian Excise Tax Law ("Excise Tax Law"), as enacted by Royal Decree No. M/86 and dated 27/8/1438 H / May 23, 2017, came into force in Saudi Arabia. The new law implements the GCC Unified...more
6/24/2017
/ Appeals ,
Dispute Resolution ,
Excise Tax ,
Imports ,
International Tax Issues ,
Manufacturers ,
Mediation ,
Proposed Regulation ,
Public Safety ,
Sale of Goods Act (SOGA) ,
Saudi Arabia ,
Value-Added Tax (VAT)
On Monday, June 5, 2017, Bahrain, Egypt, Libya's eastern region-based government, the Maldives, Saudi Arabia, United Arab Emirates ("UAE"), and the internationally recognized government of Yemen severed ties with Qatar,...more
6/8/2017
/ Africa ,
Bahrain ,
Banking Restrictions ,
Egypt ,
Foreign Relations ,
Jordan ,
Libya ,
Mauritius ,
Middle East ,
Qatar ,
Saudi Arabia ,
Terrorism Funding ,
Trade Relations ,
Travel Restrictions ,
United Arab Emirates (UAE) ,
Yemen
On 29 January 2017, the Saudi Minister of Labor issued Resolution No. 50945 ("Resolution") restricting termination of groups of Saudi employees for redundancy. This significant development comes at a time when many employers...more