Saudi

9/11 Defendants Strike Historic Plea Agreement in Saudi Arabia Lawsuit, Sources Confirm

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New York — In a significant legal development, defendants implicated in the tragic events of September 11, 2001, have entered into a plea agreement with the Department of Defense, potentially closing a longstanding chapter of grief for many impacted families. This settlement notably intersects with a separate lawsuit concerning alleged Saudi Arabian involvement in the attacks, marking a complex juncture in the pursuit of justice nearly two decades later. The plea deal, finalized after extensive negotiations, has provided a nuanced resolution to a case that has long been mired in procedural complexities and emotional debates. … Read more

Unlocking Economic Growth: Saudi Arabia’s Progressive Civil Laws Seek to Attract Investment amidst Prudent Approach

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RIYADH, Saudi Arabia – Saudi Arabia has recently introduced new civil laws aimed at boosting investment in the country. The government hopes that these changes will attract more foreign investors and encourage economic growth. However, some individuals remain cautious about the potential impact of these laws. Under the new regulations, foreign investors will be granted increased access to sectors that were previously restricted to Saudi nationals. Additionally, companies will now be allowed to set up branches in the Kingdom without the need for a local partner. These measures are part of the government’s broader plan … Read more

Unveiling Saudi Arabia’s Groundbreaking Civil Laws: Unlocking Investment Potential Amid Lingering Caution

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RIYADH, Saudi Arabia – Saudi Arabia has introduced new civil laws aimed at attracting investment and promoting economic growth. The Kingdom hopes that these changes will encourage both local and foreign investors to take advantage of the opportunities available in the country. The new civil laws cover various sectors, including banking, investment, and commercial transactions. By streamlining regulations and providing greater legal protection, the Saudi government aims to create a more favorable environment for businesses and investors. The changes are part of Saudi Arabia’s ongoing efforts to diversify its economy and reduce its dependence on … Read more