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Last year Emirati policymakers changed some details of the law to make it less draconian, as part of the plan to bring in a modern bankruptcy structure in the UAE. Al-Mulla thinks it still has not gone far enough. (Shutterstock)

September 2nd, 2018 - 12:03 GMT

Abraaj Founder Lawyer Points out the Flaws of the UAE Legal System

Habib Al-Mulla is used to media attention, but last Wednesday he had even more than his usual share of interaction with the world’s news outlets.

Saudi citizens will be able to access cheaper and more accessible mortgages at fixed rates under an initiative launched Wednesday by the Saudi Real Estate Refinance Company. (Shutterstock)

August 9th, 2018 - 08:28 GMT

Accessible Mortgages to Stimulate Property Ownership in Saudi Arabia

Investors in Saudi Arabia and the UAE accounted for the highest proportion of the “very knowledgeable” category. (Shutterstock)

June 10th, 2018 - 08:28 GMT

Saudi Investors Keen on Real Estate and Looking Abroad

The Kingdom was ranked highly for its consumer price inflation policy and exchange rate management. (Pixabay)

May 24th, 2018 - 08:06 GMT

Saudi Arabia Scores High on Prices and Tax Efficiency, IMD Survey Finds

Saudi Arabia's aim is to increase the private sector contribution to gross domestic product from 40 percent to 65 percent by 2030. (Shutterstock)

April 26th, 2018 - 07:20 GMT

Saudi Makes Ports, Schools and Hospitals Priorities in Privatization Plan

The oil giant is planning an initial public offering which could be the biggest in history. (Shutterstock)

March 25th, 2018 - 11:00 GMT

Saudi Aramco Could Create Employee Shareholders Ahead of IPO

“We’ve created a joint venture to produce 150 Blackhawks in Saudi Arabia.” - Alan Chinoda, CEO of Lockheed’s Saudi business (Shutterstock)

February 26th, 2018 - 01:04 GMT

Lockheed Martin, Saudi Arabia JV to Create 600+ Jobs for Saudis

The new law is regarded as an essential element in the drive to diversify the economy away from oil dependency. (File photo)

February 20th, 2018 - 11:24 GMT

New Bankruptcy Law, a 'Step Forward' for Saudi Arabia: Experts

Jason Tuvey, Middle East analyst at Capital Economics, said that recent price hikes for fuel and power, and VAT, would affect expats more than Saudi citizens. Here's why. (AFP/ File)

January 17th, 2018 - 10:13 GMT

VAT, Price Hikes Will Affect Expats More than Saudis: Report

“Would very much appreciate Saudi Arabia doing their IPO of Aramco on the New York Stock Exchange. Important to the United States!,” Trump tweeted. (AFP/ File)

November 5th, 2017 - 07:01 GMT

In Tweet, Trump Urges Saudi Arabia to Choose NYSE for Aramco IPO

Saudi Arabia has made the most progress in terms of female economic participation since the WEF report began in 2006. (Shutterstock)

November 2nd, 2017 - 05:59 GMT

World Economic Forum Praises Slow, but Sure, Progress in Closing Saudi Gender Gap

Luxury car makers have been hit hard by the regional economic slowdown, but signs of a recovery are emerging. (Shutterstock)

September 4th, 2017 - 01:35 GMT

Gulf's Luxury Car Market Sees Signs of Recovery in 2017: Experts

An Aramco oil facility in Saudi Arabia. (Hassan Ammar/ AFP)

July 11th, 2017 - 10:30 GMT

Saudi Aramco to Spend $300 Billion as CEO Frets About Oil Supplies: Bloomberg