Regulations to be amended to grant expats right to invest in Saudi Arabia

February 28, 2017

Jeddah, Feb 28: The Saudi Ministry of Trade and Investment will assess a plan to amend regulations to allow expatriates to invest in the Kingdom within specific regulations and standards in addition to paying taxes.

expats Majed Al-Qassabi, minister of trade and investment, said the move will lead to the elimination of the phenomenon of commercial cover-up in the country.

He said during the launch of the “growth-parallel market” that the ministry “intended to attract quality foreign investment to create new jobs and contribute to the transfer of knowledge to Saudi Arabia.”

Mohammed bin Abdullah Al-Kuwaiz, vice chairman of the Capital Market Authority, said that the parallel market will precede the main market to be available to various categories of foreign investors in the future.

“The Capital Market Authority is currently working with ‘Tadawul’ to prepare all the legal and technical aspects. The declaration of the schedule is expected during the second quarter of this year,” Al-Kuwaiz said.

He added that Saudi Aramco’s launch on the Saudi Stock Exchange (Tadawul) depends on the inclusion of the market in emerging global markets indices, which requires regulatory and structural aspects.

Al-Kuwaiz said the launch of the growth-parallel market provides funding through the financial market for a new class of companies and productive projects. He added: “It is considered a channel to diversify investments and increase the pace of investment to establish new projects.”

Al-Kuwaiz pointed out that the number and size of companies that are trading are equal to or greater than those achieved in the days following the launch of other parallel markets around the world.

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Ban on shisha and children's games to continue in Saudi restaurants

Agencies

June 22,2020

Riyadh, Jun 22: The Ministry of Municipal and Rural Affairs (MMRA) in Saudi Arabia has announced the continuation of the ban on providing Shisha (hubble-bubble), and the closure of children's play areas in restaurants as a precautionary measure for protecting the health of citizens and residents from the novel coronavirus COVID-19 infection.

The new stage, in which the Kingdom is beginning to coexist with the virus, focuses on the concept of "social distancing" that has emerged since the start of the coronavirus crisis throughout the world,

It stipulates leaving at least 2 meters between one person and the other in public places to prevent the transmission of infection, in addition to covering the mouth and nose by wearing a facemask.

It also specifies complying with the preventive protocols in workplaces, stores, shops, mosques and tourist attractions, with human gatherings not to exceed 50 people, as a maximum.

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All you need to know about Saudi Arabia's Tawakkalna App

coastaldigest.com web desk

May 21,2020

The Tawakkalna application developed by Saudi Arabia's National Information Centre to processes requests for movement permits during the curfew to curb the spread of the virus has become a major helplnine for past few weeks.

The application developed through the close cooperation between the Ministry of Health and the Saudi Data and Artificial Intelligence Authority (SDAIA) was launched on May 4.

According to Saudi Telecom Group, it handles 20,000 calls daily through the Tawakkalna platform by dedicating a call centre of 600 employees through its Contact Centre Company (CCC).

The Tawakkalna app can be used to issue e-permits for a selected group of government and private sector employees who were exempted from the curfew, and individuals who have medical appointments as well as couriers.

Tawakkalna has features for the service of citizens and residents, for ensuring their safety and comfort that would contribute to facilitating the access of authorized persons to travel permits.

The official page about Tawakkalna on Twitter, says: “You must always keep in mind that pinpointing your exact location of residence is the only way for you to benefit from the app’s range of services and permits.”

The app will also provide the latest alerts and medical news issued by the Ministry of Health about the virus as well as about its spread, ways to prevent it and movement permits.

Tawakkalna can be used for self-disclosure for people who show signs of coronavirus infection and for requesting ambulance service and other important services for the community.

Through the app users can apply for a one-hour permit for a walk in the neighborhood on a daily basis, thereby encouraging walking during this period of lockdown.

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sir,

i am facing problem for receiving OTP code during registration for my family. i am unable to get OTP code.

please assist.

Entering date of birth is the big problem is the big problem of this app.

Dob entering problem

Hi,

I am trying to register in the Tawakkalna app, but it keeps on throwing error. Any idea?

thanx

B I

R8NEB24

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Saudi Arabia: 429 new corona cases found; total 4462 including 59 deaths

Gulf News

April 12,2020

Dubai, Apr 12: Saudi Arabia reported 429 new cases of coronavirus, bringing the total number of infections in the country to 4462, the Ministry of Health announced on Sunday.

The ministry also confirmed 7 deaths bringing the total number of deaths in the kingdom to 59.

According to the ministry of health the number of recoveries are 41 cases, making total of recoveries 761.

Ministry also said that 40,000 have been quarantined since the beginning of the epidemic, and only 7,000 remain in quarantine, including those who recently returned from abroad.

Extension of curfew

Early on Sunday, King Salman approved the extension of curfew until further notice due to current rates of coronavirus spread, the official news agency SPA announced.

Earlier last week, Saudi Arabia imposed a 24-hour curfew and lockdown on the cities of Riyadh, Tabuk, Dammam, Dhahran and Hofuf and throughout the governorates of Jeddah, Taif, Qatif and Khobar.

Authorities had already sealed off the holy cities of Makkah and Medina along with Riyadh and Jeddah, barring people from entering and exiting as well as prohibiting movement between all provinces.

Total lockdown on Medina neighbourhoods

The Ministry of Interior also announced a total lockdown on five neighbourhoods in Medina on thursday until further notice. The neighborhoods include Al Sherbat; Bani Dhafar; Qurban, Al Jumuah; and parts of Al Iskan district and Bani Khudrah. No one is allowed to enter or exit these areas.

An official source from the ministry highlighted that the Ministry of Labor and Social Development will provide residents of these neighbourhoods with food baskets and will follow up on their needs while the ministry of health will provide them with necessary medications.

Saudi Arabia, which has reported the highest number of infections in the Gulf, is making every possible effort to limit the spread of the disease at home.

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