Itmam Updates: The competitive recruitment landscape between big corporates and start-ups continues to grow. Start-ups from across the Middle East and North Africa (Mena) had raised nearly $375 million in a month.Working for a start-up will enable you to understand how the company works and develops commercial insight not expected of you when lower down...Read More

Itmam Updates: A new crop of fintech companies is leading the light toward economic growth in Saudi Arabia.From facilitating cashless payments to offering financial data analytics to providing loans, these firms are coming out with simpler and customized alternatives to traditional banking.According to a Fintech Saudi report, fintech transaction values between 2017 and 2019 increased...Read More

Itmam Updates: SMEs are considered the key partners in the national development and described as a key pillar of the Saudi national economy and GDP.In the light of the national Saudi Vision 2030, Saudi Arabia is actively supporting the SME sector in the kingdom to increase its productivity and contribution to GDP from 20% to...Read More

Itmam Updates: In its 31st session of the second year of the eighth session, the Saudi Shoura Council approved many draft bylaws under the presidency of Speaker of the Shoura Council Sheikh Dr. Abdullah Bin Mohammed Bin Ibrahim Al-Sheikh.At the beginning of the session, the council approved a draft memorandum of understanding for collaboration in...Read More

Itmam Updates: The kingdom of Saudi Arabic issued a new draft of consumer protection recently. The law will ensure a successful experience for the consumer and operator.The provisions of the law apply to the contracts ceased with customers, whether they are model versions prepared by the operator or specially negotiated.The operator shall explain the terms,...Read More

Itmam Updates: A Saudi citizen and Syrian resident were defamed by the Saudi Ministry of Commerce after being guilty of defrauding heavy equipment trade-in Dammam.The accused were referred to the Public Prosecution and eventually to the courts as per anti-cover-up (Tasattur) laws.The issue uncovered a commercial Tasattur in a contracting facility where a citizen enabled...Read More

Itmam Updates: The Kingdom of Saudi Arabia has published its first-ever comprehensive data protection law.The Personal Data Protection Law (PDPL) aims to protect individuals’ personal data privacy and regulate organizations’ collection, processing, disclosure, or retention of personal data.The Saudi Authority for Data and Artificial Intelligence will supervise the initial implementation and enforcement of the law...Read More

Itmam Updates: Micro, small and medium enterprises are witnessing promising growth due to the strong customer demand and the steady increase in lending SME in Saudi Arabia.By providing SR2 billion ($533 million) to Saudi entrepreneurs in 2021, the kingdom ranked second in MENA in startup funding activities.Saudi banks and finance companies have been at a...Read More

Itmam Updates: As a step to boost its efforts in fighting fraud and scams, SAMA calls on banks to suspend the option of opening online accounts for individuals or institutions to achieve better security.The new measures came as an increase in fraud has been marked recently due to the impersonation of platforms that sell goods...Read More

Itmam Updates: The Ministry of Investment is drafting a new Investment Law to ensure equal treatment for local and foreign investors.The law aims to support the principle of competitive neutrality and fairness and ensure equal treatment of direct investments made by public and private investors.The local and foreign investors will be subject to the same...Read More