Since Saudi Arabia’s accession to the World Trade Organisation in December 2005, the government has made significant progress towards developing and maintaining policies that favour an open legal and business environment amenable to foreign capital investment. Many of the Kingdom’s economic sectors have been opened to foreign investment such...
Saudi Arabia comprises more than half of the GCC Islamic finance market in terms of Islamic assets and represents a far greater percentage of the sharia-compliant syndicated and project financing market. With Islamic syndicated loans in the first five months of 2012 surpassing the full 2011 figures largely on the back of Saudi mega-deals, this...
Given the prevalence of family businesses in the Kingdom of Saudi Arabia (KSA), local families may face a decision on how to diversify the ownership of their business to introduce new ideas, raise capital for growth or exit their investment. The challenge lies in considering the best method of diversification for each business.
LEGAL FRAMEWORK: Abu Dhabi City is the capital of the UAE, which was founded in December 1971 as a federation between six of its seven constituent Emirates, namely: Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah and Umm Al Quwain. The emirate of Ras Al Khaimah (RAK) joined the federation the following year....
The UAE came into being as an independent sovereign state on December 2, 1971. Dubai is one of the seven emirates comprising the UAE. The constitution established the Supreme Council of the Rulers of all the emirates as the main authority in the federation and a Council of Ministers as the executive branch of the federation. The ruler of each...
In recent years, the UAE has witnessed significant developments in corporate governance aimed at further advancing and promoting best practices across many industry sectors. Listed companies have seen the introduction of compulsory requirements in the UAE, while financial institutions have been provided with binding and non-binding guidelines.
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