This was disclosed during a meeting between the President of the Federation of Saudi Chambers, Hassan Al-Huwaizi, and the Chairman of the Iraqi-Saudi Friendship Committee in the Iraqi Parliament, Shalan Al-Karim, in Riyadh.
The Iraqi delegation is on an official visit to Saudi Arabia. The new law will contribute to advancing economic cooperation between Saudi Arabia and Iraq,
The two sides reviewed the economic relations between Saudi Arabia and Iraq and their future in light of the promising opportunities, and ways to activate the role of the business sectors to build effective strategic trade and investment partnerships between them.
The Federation of Chambers also organized the Saudi-Iraqi Business Forum with the participation of prominent members of the Iraqi Parliament, during which ways to bolster Saudi investments in Iraq and address issues facing Saudi investors were discussed.
UK introduces new law to protect seafarer employment rights
According to Nautilus International, the Employment Rights Bill is expected to introduce new protections specifically devised for seafarers, toughening the laws around collective dismissal, and cementing seafarer wage protections in UK law. The Bill, being introduced to Parliament this week, will seek to outlaw fire and rehire by requiring employers to prove there is no reasonable financial alternative to letting staff go.