GulfBase Live Support
Saudi women do not need the permission of a male guardian to start their own business, according to the Ministry of Commerce and Investment.
“No need for a guardian’s permission. Saudi women are free to start their own business freely,” ministry spokesperson Abdul Rahman Al-Hussein tweeted on Thursday using an Arabic hashtag that translates as #No_Need.
The #No_Need campaign is an initiative of Taysir, which aims to streamline the necessary procedures to establish a new business. There is no longer any need to visit a notary to document the founding of a company. The Abshir system means this can all be done electronically. Saudi women will no longer face more obstacles than a man does to establish their own business and government agencies will no longer require the consent of a guardian for a woman to complete the necessary procedures.
Al-Hussein told Arab News: “Women can practice all their commercial transactions in the Ministry of Commerce and Investment without a guardian or a notary.”
Nojood Al-Qassim, head of the Department of Personal Status, Family Legacies and Women’s and Children’s Rights, pointed out that this latest step toward the empowerment of Saudi women is in line with the government’s overall development drive.
“One of the directives of Vision 2030 is to activate the role of Saudi women in society and to give them their full rights and the rights guaranteed by Shariah,” she told Arab News.
Dima Al-Shareef, a Saudi law consultant, said: “I believe this new approach will open the door to (women) in our homeland to highlight their talents and ideas and translate them into a realistic business with a worthy financial return.”
She added: “We are witnessing a new era in the empowerment of Saudi women, in the commercial sphere in particular.”
With the full financial support of the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), member of the Islamic Development Bank Group (IsDB), Coris Bank International (CBI),
Companies in Qatar stand to gain from a one-day conference slated later in the year that would focus on integrating capacity building in the country’s business continuity and resilience (BC&R) sector
Qatar and Mexico are working hard to expand and deepen trade, business and economic cooperation in most promising areas of the two economies.
As part of efforts to boost bilateral ties, th
The global sukuk (Islamic bond) market experienced a significant slowdown in issuance in the first half of 2018, with new sukuk issuance expected remain lacklustre in the second half, according to cr
The UAE and Kuwait are among the most vulnerable for cyberattacks among the Gulf Cooperation Council Council countries in the first quarter, according to a report by cybersecurity firm Trend Micro.