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Provided by CountryRisk.io The United Arab Emirates’ macroeconomic condition has markedly deteriorated in the wake of the global pandemic, stemming from an already fragile backdrop. The IMF expects the economy in the UAE to contract by 6.6% yoy in 2020...

Formal requirements There are some formal requirements which the claimant needs to fulfill before filing a claim: The claimant’s legal representative must obtain super-legalized Power of Attorney (PoA) which delegates them to commence legal action in front of the Saudi...

KSA Recovery Reference Statutes of Limitations Commercial Claims: 5 years from cause of claim. Enforcement of bills of exchange / promissory notes: 3 years form maturity date. Int. Commercial Arbitration Member of 1958 NY Convention: Yes. Dedicated arbitration law: Yes...

Provided by CountryRisk.io Saudi Arabia is in a strong position to mitigate the adverse impacts of the COVID-19 pandemic and the subsequent repercussions, due to numerous factors. Predominantly, the government balance sheet, recording just 22.8% of government debt to GDP...