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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

06/10/2024

	Saudi Arabia’s petrochemical growth accelerates with strategic investments and Vision 2030 Saudi Arabia’s rise as a global leader in the petrochemicals industry is a product of strategic foresight, substantial investments, and a commitment to economic diversification, experts have told Arab News.
	Startup Wrap – Regional startups across diverse sectors continue to raise funds Startups across the Middle East and North Africa have recently secured new funding to drive expansion, innovate services, and enter new markets, highlighting ongoing investor interest in diverse sectors including event-tech, e-commerce, and adtech.
	Saudi Arabia’s official reserves highest in 21 months at $470bn Saudi Arabia’s official reserve assets reached SR1.76 trillion ($469.83 billion) in August, the highest in 21 months and a 10 percent increase year-on-year, according to recent data.
	Kingdom arrests 22,094 illegals in one week Saudi authorities arrested 22,094 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday.
	Dubai announces Golden Visa for outstanding private school teachers Golden Visas will be given to educators who have made outstanding contributions to Dubai's private education sector, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of Dubai Executive Council announced on Saturday.
	UAE: Can employer refuse NOC to employee for joining competitors? I joined a company in mainland UAE around 6 months ago. Upon completion of the probation period, I was told that the company was not performing well financially, so I was terminated.
	UAE: Can new employees ask for bonuses to be included in job contract? I worked with a firm for nearly 5 years and was acknowledged for my performance. But this acknowledgement was only verbal. I was not awarded financially in terms of increments and promotions.
	New taxes in GCC: IMF says region needs to implement wider corporate tax reforms Tax reforms by the GCC countries are bearing fruits but the oil-producing countries need to widen corporate tax reforms, the International Monetary Fund (IMF) chief said.

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SAUDI LAWS

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