New Bahraini Law allows 100% foreign ownership
August 8, 2016

On 18th July, Prime Minister of Bahrain, Prince Khalifa Al Khalifa, has approved an amendment to the existing Companies Law allowing foreign investors to acquire full business ownership. The Government of Bahrain has stated that the new law will “spur growth, generate rewarding jobs for ... read more

Expats in Saudi won’t get public driver visa
March 27, 2016

Visas for public bus drivers will no longer be issued to expats in Saudi Arabia, the Arab News reported.
The agreement to encourage Saudization was reached between the Labor and Transport Ministries, according to the report.
The ministries also held the view that the car ... read more

Oil exporters to meet on March 2016 to discuss output freeze
March 9, 2016

Oil prices rose above $40 a barrel, driven by anticipation that the world’s largest exporters could agree this month to freeze production and help erode the largest global build in unwanted crude in years.
Producers in and outside the Organization of the Petroleum Exporting Countries ... read more

Mars, Snickers bars pulled off shelves in 55 countries
February 24, 2016

BERLIN – It is the first time that Mars has had to recall products made at its Veghel factory, opened in 1963, which employs some 1,200 people.
 
Chocolate giant Mars on Tuesday ordered a massive recall of Mars and Snickers bars from 55 countries ... read more

Barclays sued by Amanda Staveley’s PCP over 2008 fund-raising
January 28, 2016

LONDON: Barclays Plc was sued by Amanda Staveley’s investment firm, which helped broker a £7 billion (Dh25.7 billion, $10 billion) fund-raising in the Middle East at the peak of the 2008 financial crisis.
PCP Capital Partners filed the lawsuit in London on January 25, according ... read more

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