Dubai Courts have announced the establishment of the first division for the inheritance of non-Muslims and the execution of their wills. The department aims to enable non-Muslims to execute their wills within a framework that guarantees the application of their personal laws and the management of...
Around 79,000 UAE nationals are working in the private sector, the Ministry of Human Resources and Emiratisation (MoHRE) revealed on Sunday, as the deadline for companies with 50 employees or more to achieve a 1 percent Emiratisation growth in skilled jobs has ended.These numbers reflect the...
Sharjah Chamber of Commerce & Industry (SCCI) has begun accepting applications for Sharjah Excellence Award 2023, urging businesses to avail the opportunity to have their best practices recognised.SCCI announced that registration for the new edition is now open on the award's website, SHJSEEN,...
The Kuwait-Saudi Joint Committee discussed today, July 9, accelerating the petroleum projects related to the "Divided Area", said Sheikh Nimer Al-Sabah, Kuwait's Undersecretary of the Ministry of Oil. He added that the committee stressed the importance of implementing the...
The Ministry of Industry and Mineral Resources launched the service of subsidizing petrochemical feedstock orders on Senaei platform. In a statement, the ministry said the new service is launched under the petrochemical supply chain committee, which aims to boost the current production...
The Ministry of Commerce is drafting 10 draft laws and regulations of high priority in 2023. Six draft laws cover consumer protection, commercial registration, trade names, commercial transactions, brokerage and rules for establishing government companies. The...
Saudi Central Bank (SAMA) licensed the Saudi Mortgage Guarantee Services Company (Dhamanat), a company owned by the Real Estate Development Fund (REDF), to provide general insurance and protection and savings insurance services. It added that this initiative is pursuant to the...
The Ministry of Commerce issued its Q2 2023 bulletin on the performance of the Saudi business sector.More than 56,000 commercial registers were issued in the second quarter. The total number of existing commercial registers exceeded 1.35 million. Top 10 Sectors by Commercial...
About 190,700 handwritten real estate deeds have been updated online across the Kingdom year to date. Residential and commercial buildings accounted for nearly 75% and 25% of updates deeds, respectively. By city, Riyadh came on top with around 69,184 e-deeds, or 36.3% of the total. It was ...
Mohammed Al-Jadaan, Minister of Finance, approved the model arbitration agreement and model arbitration agreement with the Saudi Center for Commercial Arbitration (SCCA). Pursuant to Article 13 of the government tenders and procurement law, the minister shall approve the model...
