Activation of the new VAT — with value-added tax on goods and services to increase from 5 percent to 15 percent from today, July 1 — is the most important news this week.

As the name suggests, the forex market deals in the trading of currencies. Like any other market, several factors, including political and economic stability and monetary policies, play a role in determining currency exchange rates.

Saudi Arabia is encouraging companies to list on the stock exchange as part of economic reforms aimed at reducing its reliance on oil revenues and deepening its capital market. 

With relationships between employers and staff currently coming under unprecedented strain, it is important to understand what guidance and support are available to both, with the aim of maintaining a healthy work environment. 

With the resumption of work in the public and private sectors, and the reopening of commercial businesses, strict controls and precautionary measures have been introduced to prevent the spread of the coronavirus.