The Real Estate Transaction Tax (RETT) Law in Saudi Arabia will be implemented on April 10, 2025. The forthcoming regulations under the RETT Law, expected to replace the current RETT Implementing Regulations, will be issued within this 180-day period. This development marks a...
Oman's Ministry of Labour has introduced Resolution No. (617) of 2024, mandating employers with 50 or more workers to establish a formal grievance process. This system allows workers to submit complaints about employer decisions for internal resolution, encouraging workplace-level...
Royal Decree No. (47) of 2024 introduces the Bank Deposits Protection Law in Oman, aimed at safeguarding deposits if a bank or financial institution defaults. This law is part of Oman's financial safety network and emphasizes the Central Bank of Oman's (CBO) role in maintaining...
Saudi Arabia has enacted new regulations for commercial registration and trade names. These laws apply to all companies in the country, aiming to enhance transparency and simplify business procedures.
The Ministry of Commerce, Industry and Investment Promotion has released Ministerial Decision No. (435) of 2024, which amends provisions of Ministerial Decision No. (209) of 2020. This amendment pertains to the list of activities that are restricted to Omani investors only, thereby...
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