The past 15 years have seen major advances in capital markets activity in Dubai. The financial sector free zone, the Dubai International Financial Centre (DIFC), has gone from idea to reality, and the emirate recently became the world’s largest market for sukuk (Islamic bonds). However, development has been uneven across types of...
Part of Dubai’s financial sector strategy is to develop its capital markets in a way that reflects the local economy and real economic activity within it. The plan for futures and spot contracts based on local commercial communities features two trading platforms situated in two separate free zones. Dubai Multi Commodities Centre (DMCC), the...
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 &...
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...
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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...
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