For the nations of the GCC, the drop in oil prices highlighted something many already knew: there is a pressing need for economic diversification and to further engage with global partners across different markets. To this end, countries in the region have made efforts to expand their international role and reach in recent years, with trade...
Saudi Arabia is a socially conservative country, and interaction between unrelated men and women is prohibited. Businessmen should wait for a woman to offer her hand to shake in a meeting. In all other situations, keep a respectful distance. Handshakes between men are common. Saudis pride themselves on their hospitality, and it is impolite to...
Foreign Affairs (011) 406 7777 Interior (011) 401 1111 Commerce & Investment (011) 401 2222 Economy & Planning (011) 401 1444 Health (011) 212 5555 Finance (011) 405 0000 Water & Electricity (011) 203 8888 Municipality & Rural Affairs (011) 456 9999 Transport 011) 404 3000 Labour (011) 402 4444 Social Affairs (011) 541 5509...
FOUR SEASONS HOTEL RIYADH Kingdom Centre PO Box 231000, Riyadh 11321 T: (+966) 11 211 5000 F: (+966) 11 211 5001 reservations.riy@fourseasons.com concierge.riy@fourseasons.com www.fourseasons.com/riyadh Rooms: 274 rooms, including 22 executive suites, 9 superior suites, 3 presidential suites, 2 royal suites and 1 kingdom suite. Business &...
1. NEW OPPORTUNITIES: The Saudi Arabian New Companies Regulations (the New Regulations) came into effect on May 2, 2016. Existing companies have one year from this date to alter themselves to abide by the New Regulations, unless the Capital Market Authority (CMA) or the Ministry of Commerce and...
Saudi Arabia takes third place in the global list of countries ranked by ease of paying taxes, a remarkable achievement for a G20 country with a GDP of over $650bn. With the necessary due care and commitment to compliance, businesses can enjoy the advantages of the Kingdom’s tax system.
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