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  • Saudi Arabia’s series of law changes eases entry for investment and companies

    Two important laws that came out in the past week include an update to the new investment law which puts Saudi and non-Saudi investors on an equal footing and the amendments to the labour law that are expected to benefit employees and employers and enhance their relationship. As part of the law, there will no longer be a system of getting a foreign investment licence, instead, there will be an investment register that's operated by the Ministry of Investment.

  • Saudi Arabia’s series of law changes eases entry for investment and companies

    Two important laws that came out in the past week include an update to the new investment law which puts Saudi and non-Saudi investors on an equal footing and the amendments to the labour law that are expected to benefit employees and employers and enhance their relationship. As part of the law, there will no longer be a system of getting a foreign investment licence, instead, there will be an investment register that's operated by the Ministry of Investment.

  • Saudi deeptech Intelmatix scores $20 million Series A

    Founded in 2021 by a group of MIT graduates led by Anas Alfaris, Almaha Almalki and Ahmad Alabdulkareem, Intelmatix provides both public and private sectors with accessible AI and advanced analytics that delivers technologies to improve operations, productivity, growth, and sustainability.

  • Tawaref Series: Understanding annual operating cost in Saudi Arabia

    As you can see, there is a major cost difference between operating an early-stage startup and small traditional business. The startup is less expensive to operate across every category, with the most notable difference being observed in commercial registration and third party costs. From our analysis, we have identified the following ways you can cut OpEX costs.

  • Saudi Arabia’s Abyan Capital closes $18m Series A round, led by STV

    Abyan Capital, a pioneering robo-advisory firm in Saudi Arabia, has closed an impressive $18m Series A funding round, with STV taking the lead alongside Wa’ed Ventures and RZM Investment, according to wamda. Since its inception in 2022, Abyan Capital has reshaped Saudi Arabia’s financial advisory landscape, offering automated, user-friendly, and Shariah-compliant investment and savings solutions. The company’s range of products empowers users to efficiently manage investments, optimize asset allocations, and achieve financial objectives seamlessly.

  • Tawaref Series: Saudi corporate annual operating costs explained

    After understanding the CapEx costs (hard costs and setup partner fees) involved in establishing a business in Saudi Arabia, the next important aspect to consider is the annual operating costs (OpEx). OpEx encompasses the ongoing operational expenses required to sustain a business in the country. This includes government fees, renewals, taxes, third-party costs, and other essential expenditures crucial for maintaining seamless business operations and preventing any unwelcome surprises.

  • Tawaref Series: The truth behind Saudi landing hard costs

    Compared to neighboring nations, government fees in Saudi Arabia are quite modest when it comes to administrative transactions. This includes opening a company, changing shareholders, opening a chamber of commerce, attestation fees, etc. It is when it comes to hiring a non-Saudi workforce that the costs begin to rapidly rise. Foreign workers are subject to certain additional costs just by virtue of their employment status. This includes the work visa fee, Iqama fee, dependent fee, medical insurance, and other workforce-related fees. As the GM or founder will still be considered the first non-Saudi workforce member, their Iqama acquisition will form a significant chunk of the overall hard costs of landing.

  • FIFA Series 2024 Saudi Arabia™ Set to Commence This Thursday in Jeddah

    FIFA has announced its support for its member federation in facilitating a set of international friendly matches. These games will include the participation of four national teams from diverse continental federations and will all take place in a single host country, with Saudi Arabia accommodating two such groups. Jeddah is poised to welcome the teams, staging the matches at the reserve stadium of King Abdullah Sports City and Prince Abdullah Al-Faisal Sport City Stadium, scheduled from March 21 to March 26 this year.

  • Algeria, Egypt,  Saudi to host FIFA’s new friendly series

    Egypt became the fifth country to be selected as host of a new series of friendly games introduced by FIFA to allow teams from different confederations to play each other, the world football governing body said today, Reuters reported. It joins Algeria and Saudi Arabia which have previously been chosen as hosts. The pilot phase was expanded to feature 24 national teams from three continents, FIFA said in a statement. The Egypt edition – which will take place from 22-26 March – will also include Croatia, Tunisia and New Zealand.

  • An introduction to the Tawaref series

    The Saudi Arabian investment landscape has been thriving in recent years, attracting investors from around the globe. With the introduction of business-friendly reforms and attractive incentives by the Saudi Government, the country has become an increasingly potent and vibrant market for entrepreneurs and investors alike.