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United Arab Emirates News developments

UAE’s National Bonds investment company has announced a new ‘Golden Pension’ scheme

  • 17/10/202217/10/2022
  • by Benjamin Filaferro

Khaleej Times, 13th October 2022: UAE’s National Bonds investment company has announced a new ‘Golden Pension’ scheme allowing private sector employees to contribute as little as Dh 100 a month in addition to the gratuity provided by their employer.
The scheme allowing employees to earn a profit on the amount they save is part of a drive to support companies with employee retention. It aims to help 89% of the UAE’s population that is expats with retirement planning.
Expats whose employers have signed up with National Bonds may sign up for the scheme.
Sukuks (savings bonds) will be issued under the employees’ accounts with National Bonds based on the allocation provided by the company of the contributed funds. The Sukuk may only be redeemed at the company’s request.

For the full story, click here.

To view more news items and other available content, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East trial lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Saudi Arabia News developments

Saudi Arabia: Regulations for Distribution of Gas and Petroleum Aim to Protect Consumers

  • 14/10/202214/10/2022
  • by Benjamin Filaferro

Okaz, 9 October 2022: Saudi Arabia’s Ministry of Energy has announced new executive regulations aiming to protect the rights and interests of residential and commercial consumers of dry gas and liquid petroleum gas.

Under the regulations, the licensee must adhere to security, safety, health and environmental requirements and prepare an emergency plan by the Ministry of the Interior’s instruction.

Residential consumers are those who supply dry gas, liquid petroleum gas, liquid petroleum gas cylinders, or alternative natural gas for residential purposes.

Commercial consumers are those whose facility is supplied for commercial purposes, including government or industrial facilities which do not consume more than 70,000 litres per day.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Kuwait News developments

Kuwait: Civil Service Commission to review expatriate work permits

  • 14/10/202214/10/2022
  • by Benjamin Filaferro

Kuwait Times, 9 October 2022: The Kuwaiti Civil Service Commission (CSC) has announced plans to review the employment documents of expatriate workers and deport anyone without valid work permits. 

The CSC has set out a three-step plan starting with continuous inspection campaigns which will see any violators immediately deported and sponsors having to pay deportation expenses and any other fees.

The second step will be to stop renewals of expiring work permits for jobs which are not needed.

The third step will be to only issue work permits for necessary jobs, subject to professional tests.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

United Arab Emirates News developments

UAE Introduces Emergency Travel Document E-Services for Emiratis

  • 13/10/202213/10/2022
  • by Benjamin Filaferro

Arab News, 11 October 2022: The UAE has rolled out a new service allowing Emirati travellers returning from abroad to enable them to obtain emergency travel documents if their passports have expired or have been lost.
The ‘e-return document’ platform allows travellers to obtain a return document in less than 30 minutes and provides documentary support for newborns.
Emirati travellers can apply for this service on the Ministry of Foreign Affairs and International Cooperation’s website.

For the full story, click here.

To view more news items and other available content, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East trial lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

The shortlists for the Qatar Business Law Forum Gala Dinner & Awards Ceremony 2022 – 7th Edition are in! News developments

Meet the winners from the 7th Qatar Business Law Forum held in Doha, Qatar!

  • 13/10/202220/10/2022
  • by Benjamin Filaferro

We are pleased to have hosted, in partnership with the Qatar International Court and Dispute Resolution Centre – QICRDC (LexisNexis Strategic Alliance Partner), the Qatar Business Law Forum Gala Dinner & Awards Ceremony 2022 – 7th Edition on 12 October 2022 in Doha, Qatar!

Thank you to our Gala Dinner Sponsor, Pinsent Masons, for your support.

The Qatar Business Law Forum Gala Dinner & Awards Ceremony recognises exceptional achievement within Qatar’s legal community. The awards are judged by an independent panel composed of industry leaders, academic practitioners and government officials.

Thank you to all who submitted an entry! The winners in each category were announced at a gala dinner and awards ceremony at the Grand Hyatt Doha Hotel & Villas in Doha, Qatar, on 12 October 2022.

MEET THE WINNERS

We look forward to welcoming you in 2023 for the 8th Qatar Business Law Forum Conference, Gala Dinner & Awards Ceremony! Visit the website.

The latest edition of the Lexis® Middle East – Law Alert is out now! News developments

The latest edition of the Lexis® Middle East – Law Alert is out now!

  • 11/10/202212/10/2022
  • by Benjamin Filaferro

We are pleased to share the latest edition of our law magazine, the Lexis® Middle East – Law Alert!

The Law Alert is a complimentary magazine that keeps readers updated on the MENA region’s legal, financial and fiscal developments and hot topics.

In this edition:

Welcome Change: Saudi Arabia’s new Companies Law

A new Saudi Companies law has brought changes and innovations which, as Edoardo Betto and Thamer Alzayer of Hourani & Partners explain, look likely to support the Kingdom’s booming venture capital market.


Firm Foundation: Real estate developments in the UAE

Two new laws have been issued in Dubai to support real estate investment; Mohammed Kawasmi of Al Tamimi & Company looks at their impact and other recent changes to real estate regulations there.


In-House Profile: All Change

Sultan AlJadeed, Director of Legal Affairs of Hungerstation talks about what it is like working in an industry where having a fast response to regulatory change is critical.

On the other hand, Taha H Tawawala of Amer Al Marzooqi Advocates & Legal Consultants LLC-SO examines how the regulatory landscape is changing for delivery companies like Mrsool, Jahez and Hungerstation.


Focus on Funding

With third-party funding gaining pace, there has been a remarkable increase in the number of institutions prepared to finance arbitrations. Ritambhara Singh, Amira Salah, and Sriranjini Garegrat of Al Moayed Chambers explore the position of third-party funding in Bahrain.


Contract Watch: Sub-leasing Contracts

Gerry Rogers of Galadari Advocates & Legal Consultants explores the critical considerations concerning leasing and property laws in the UAE.


We thank Aurifer Middle East Tax for keeping their finger on the pulse of tax developments across the region and Jameson Legal for supporting movers and shakers across the region.

Thanks also to the dynamic team at Wasel & Wasel Arbitrator Services Inc. for flying the flag for arbitrators.


Want to receive more content? Subscribe to our newsletter here!

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Lexis Middle East Law Alert October-November 2022

Have you read the Lexis® Middle East Law Alert – July/August 2022 edition? Click the link below to access and read this edition.

Lexis Middle East Law Alert_July-August 2022

The latest edition of the Lexis® Middle East – HR Alert is out now! News developments

The latest edition of the Lexis® Middle East – HR Alert is out now!

  • 11/10/202229/04/2024
  • by Benjamin Filaferro

We are pleased to share the latest edition of our HR magazine, the Lexis® Middle East – HR Alert!

The HR Alert is a complimentary magazine that updates the latest labour and employment law developments and cases and advises on region-specific HR policies and templates.

It will also include interviews with leading regional HR professionals and guidance on the latest industry trends. In this edition:

When the Heat is on!

With the Qatar Ministry of Labour and Public Health Department issuing new guidelines on heat stress, Emma Higham and Corrine Sobers of Clyde & Co explain what employers in Qatar need to do to comply with the law on working in the heat.


Don’t Bank on It

Damian Burleigh of Acuity Knowledge Partners examines outsourcing in the Middle East and how it affects regional banks.


Law Changes: Whose Right Is It Anyway?

Who has copyright rights when an employer/employee relationship or employer/freelancer is involved? Noor Hasan of Gowling WLG examines the fundamental rules.


Saudisation

Nadia Malaika, HR Director for Saudia Dairy & Foodstuff Company (SADAFCO), talks about the importance of Saudisation in their sector and its implementation.

On the other hand, Anas A Akel of Hourani & Partners talks about specific Saudisation challenges and opportunities in the manufacturing sector.


Social Media Policies

Rana Moustafa of D&C Legal Services shares pointers for getting a well-drafted social media policy in place to protect employers and ensure employees better interact with these platforms.


Want to receive future editions? Subscribe here!

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

LexisNexis Middle East HR Alert – September 2022

United Arab Emirates News developments

UAE: Penalties for Faking Official Metallic Signs Explained

  • 10/10/202210/10/2022
  • by Benjamin Filaferro

Al Bayan, 6 October 2022: The UAE’s Public Prosecution has explained the penalties imposed on those who fake or counterfeit metallic signs issued by Government departments in implementing laws.

Under Article 24 of Federal Decree-Law No. 31/2021, anyone who counterfeits or fakes a metallic plate or any other sign issued by the Government department in implementing the laws and regulations will be jailed for a year and fined.

The same penalties will be imposed on those who these signs while being aware they are counterfeit or fake.

For the full story, click here.

To view more news items and other available content, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East trial lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Saudi Arabia News developments

Saudi Arabia: Cameras to be Banned in Medical Checkup Rooms

  • 10/10/202210/10/2022
  • by Benjamin Filaferro

Saudi Gazette, 6 October 2022: Saudi Arabia’s Cabinet has approved a Law banning the installing of cameras in medical checkup rooms.

The installation of cameras will also be banned in inpatient rooms, physiotherapy facilities, rooms for changing clothes, toilets, salons and women’s clubs.

Surveillance cameras must be fixed or mobile and must not include cameras that individuals install in private residential compounds.

Under Article 5 of the relevant Law, manufacturing, importing, selling, installing, operating or maintaining security surveillance cameras is not allowed without the appropriate approvals being obtained first.

The Law will apply to Ministries, public authorities and institutions, oil and petrochemical facilities, power generation and water desalination facilities, air tourism facilities, commercial complexes and shopping centres.

It will also apply to financial institutions, banks, money transfer centres and residential buildings, including complexes in residential buildings.

In addition, they will apply to the Grand Mosque in Mecca, the Prophet’s Mosque in Medina, the Holy Sites of Mina, Arafat and Muzdalifah, mosques, clubs, sports facilities and stadiums, public and private cultural facilities, youth centres and public and private recreational and health facilities.

They will apply to medical cities, hospitals and clinics, commercial warehouses and main roads and their intersections, highways connecting cities and governorates, fuel stations and gas sales outlets, public and private educational facilities and facilities providing food services as well.

They will also apply to public transport, event and festival venues, places of economic and commercial activities, public and private museums and historical and heritage sites that receive visitors. The Interior Ministry can include any other site, activity or facility it considers appropriate to add to the list of facilities which fall within the purview of security surveillance cameras.

Those responsible for implementing the law must install, maintain and operate security surveillance cameras around the clock and preserve recordings. The law also states that the recording should be preserved, and no modifications will be made to it if reporting any specific accident until the completion of the investigation procedures.

The devices covered by the law are classified as high-sensitivity entities or facilities which must directly connect to their security surveillance camera systems, medium-sensitivity destinations, facilities or properties and low-sensitivity destinations and facilities which do not require links to the operating room.

A visible board or panels must be placed in a prominent place on the premises showing they are equipped with security surveillance cameras.

The regulations specify their features, numbers and places of installation.

It is illegal to transfer and publish camera video footage except with the approval of the Ministry of Interior or the Presidency of State Security, in line with a judicial order, or at the request of the relevant investigation authority.

Those who do not comply with the Law will be fined.

Those who violate technical specifications for installing each camera will be fined 500 Riyals. A fine of 1,000 Riyals will be imposed for each camera not installed in line with the terms and conditions prescribed in the manual.

Failing to keep video recordings will lead to fines of 5,000 Riyals being imposed, and anyone who transmits or publishes the video recordings in violation of the law or damages or sabotages devices of security surveillance camera systems or recordings will be fined 20,000 Riyals.

The Ministry of Interior, the Presidency of State Security and the Saudi Data and Artificial Intelligence Authority will be responsible for implementing the Law of Security Surveillance Cameras.

They will determine the mandatory deadline for installing cameras and security monitoring devices by each category covered under the Law.

Also reported in Okaz on 5 October 2022. For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Saudi Arabia News developments

Saudi Arabia: Central Bank Launches Public Consultation on Finance Companies Control Law

  • 10/10/202210/10/2022
  • by Benjamin Filaferro

Arab News, 6 October 2022: Saudi Arabia’s Central Bank has launched a public consultation on amendments to the Finance Companies Control Law.

The amendments will affect companies that practice finance activities. They must offer the finance activity as a joint stock company.

Under the amendments, the Central Bank has the right to grant exceptions to finance companies to allow them to practice activities other than finance.

The definition of Finance Company will also no longer have the word joint stock in it if the amendments are approved.

The amendments are being proposed to ensure transparency and broader participation.

Comments can be submitted via the National Competitiveness Centre’s Public Consultation Platform.

They are also being proposed to strengthen the Bank’s commitment to upkeep relevant international principles and standards and boost growth in the sector. Additional reporting from Okaz on 6 October 2022. For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

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