Saudi Arabia is suspending the cost of living allowance from 1st June and increasing the value-added tax (VAT) from 5% to 15% as part of measures to address the impact of the COVID-19 crisis, the Saudi Press Agency (SPA) reported on Monday. In other news, the Saudi Arabian Monetary Authority (SAMA) has affirmed its commitment…
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The Saudi Ministry of Labour and Social Development has issued guidance on relations between workers and private business owners during the coronavirus pandemic. It allows private businesses to reduce working hours and cut employees’ wages during the next six months. In other news, Investment requests in Jubail and Yanbu have exceeded $13.3 billion in the…
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The Saudi Ministry of Interior on Tuesday announced changes to curfew times during the holy month of Ramadan. For areas not under special measures, curfew hours will change and will not apply from 0900 to 1700 each day. Residents of neighborhoods that are subject to complete health isolation would still be prevented from leaving their…
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On the occasion of the Holy Month of Ramadan, we would like to extend our very best and warmest wishes to all our clients, partners and staff at this special time of year. Wishing you all the blessings of the holy month!
The Ministry of Interior has announced some changes to the current curfew restrictions that have been put in place as part of the Kingdom’s response to the Covid-19 virus. The main point is that the curfew hours will change and not apply from 0900 to 1700 each day during the month of Ramadan. However the…
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Saudi Arabia’s King Salman has approved an additional package of measures to help the private sector deal with the economic impact of the coronavirus outbreak, its finance minister said. The package includes 50 billion riyals ($266 million) to accelerate payment of private sector dues, provide liquidity to several sectors and cover wages of those working…
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The Saudi energy minister said on Sunday that effective oil supply cuts by OPEC and its allies, a group known as OPEC+, will amount to 12.5 million barrels per day, because of higher output in April from Saudi Arabia, the United Arab Emirates and Kuwait. In other news, Saudi Arabia’s sovereign wealth fund, the Public…
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Saudi Arabia is taking unprecedented action in delaying the release of its international crude selling prices by five days as the kingdom and other major producers seek to halt the free-fall in worldwide crude prices. In other news, The Saudi government will cover 60 per cent of the salaries of private-sector workers in industries hit…
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The Saudi Interior Ministry said it is extending the suspension of international and internal flights as well as work at private and public sectors, the state-run news agency reported Saturday. The statement said the indefinite suspension was among efforts to contain the spread of the coronavirus. In other news, Saudi Arabia’s central bank is ordering…
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Summary of Movement & Flight Restrictions – UPDATED Sunday 29th March 2020 The Authorities in the Kingdom of Saudi Arabia continue to implement policies to try and contain the spread of Covid-19. The measures are well communicated through official websites in both English and Arabic and we have included a summary of all relevant restrictions…
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