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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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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Saudi women can now start a business without a male guardian’s permission

Saudi Arabia’s Ministry of Commerce and Investment has said women will no longer need their male guardian’s permission to start a business.

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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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Saudi to cut oil exports in March, says committed to stabilising market

Saudi Arabia will restrain its oil exports in March despite lower domestic need for crude as OPEC’s leader is pushing to eliminate fully the global oil glut and combat worries about a new cycle of oil price weakness.

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