18/02/2018 07:25 AST

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.”


Arab News

Ticker Price Volume
APPC 53.10 247,824
TAWUNIYA 55.50 219,705
SAICO 12.10 183,602
EEC 18.24 877,210
QNBK 175.00 523,282
ALMARAI 47.85 497,005
BURUJ 24.00 55,065
Saudi Arabia unveils over $183bn development projects

23/09/2018

In a major boost to the country's economy, Saudi Arabia has announced 10 major projects and development programmes worth more than SR685 billion ($183 billion) as the kingdom celebrates its 88th Nati

Trade Arabia

Dubai real estate transactions top $35bn in 8 months

23/09/2018

Dubai Land Department (DLD) said that its service centres across Dubai have served more than 39,000 investors, after helping them complete their investments with a total value of Dh131 billion ($35.6

Trade Arabia

MPW to disburse financial dues to firms, contractors

23/09/2018

Disbursement of financial dues to the contractors and companies that carried out projects has been suspended by the financial supervisor for four months now, reports Al-Anba daily quoting a reliable

Arab Times

UAE VAT boosts revenue base and could raise 1.7% of GDP:Moody’s

20/09/2018

The introduction of VAT in the UAE may raise up to 1.7 per cent of the country’s gross domestic product, the rating agency Moody’s said. “The implementation of VAT in the UAE marks a positive step t

The National

Exports to drive Qatar current account surplus to 9% of GDP in ’18

20/09/2018

Buoyant exports will drive Qatar’s current account surplus to nearly 9% of the country’s GDP in 2018; an increase of around 5%, a new QNB report has shown.

With oil prices expected to avera

Gulf Times