Saudi council calls for SMEs to be exempt from new expat levy

The Council of Saudi Chambers (CSC) has reportedly proposed a number of changes to the kingdom’s recently introduced expat levy due to concerns private sector firms are struggling with the new charges.

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Bahrain’s Mumtalakat in talks to invest in SoftBank’s Vision Fund

Bahrain’s sovereign wealth fund Mumtalakat is in early talks to invest in SoftBank Group’s private equity fund that aims to target the technology sector, its chief executive said.

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Saudi chamber asks for new foreign worker levy to be scrapped

Jeddah Chamber of Commerce and Industry (JCCI) has reportedly asked Saudi Arabia’s labour ministry to cancel a recently introduced levy on companies that employ foreign workers.

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BH: EDB attracts BD 276 m of investments in record year

The Bahrain Economic Development Board (EDB) today announced a record year for inward investment in 2017, having attracted 71 new companies to Bahrain with investments amounting to BHD 276 million (US $733 million). 

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Saudi cabinet approves bankruptcy law

Saudi Arabia’s cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors.

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