Tanya Jain, Author at LexisNexis Middle East

UAE: Income Tax Suggestion Rejected

25/01/202425/01/2024
by Tanya Jain

Oman Daily Observer, 24 January 2024: The Undersecretary to the UAE’s Finance Ministry has rejected suggestions that an income tax is going to be introduced.

The individual said individuals in the country won’t be taxed on their income any time soon.

They made the announcement during a meeting of the Undersecretaries of Finance Ministries in Arab countries.

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News developments

Lexis Middle East Law Alert: January/ February 2024 Edition

24/01/202424/01/2024
by Tanya Jain

Welcome to the January – February 2024 issue of Lexis Middle East Law Alert, where we provide a comprehensive examination of the latest legal developments shaping the region. In this edition, we explore key changes in maritime law, tourism legislation, landmark legal cases, and various sectors, offering valuable insights from legal experts and practitioners.

Keep yourself informed about the most recent legal, financial, and fiscal advancements, as well as trending subjects in the MENA region.

FEATURE: NAVIGATING A SEA CHANGE

Discover the substantial changes set to unfold in the shipping and trade landscape in the UAE as we delve into the implications of the recently issued Maritime Code. Ince & Co Middle East experts Mohamed El Hawawy, Natalie Jensen, and Mahmoud El-Sayed guide us through the transformative impact expected in March 2024.

FEATURE: DIRECTION OF TRAVEL

Ahmed Al Barwani of Al Tamimi & Company sheds light on the recent legislative changes in Oman’s tourist law, offering a detailed exploration of the evolving landscape within the country’s tourism sector.

FEATURE: CASE FOCUS

Our case focus zooms in on the intriguing legal battle between AC Network Holding Limited & Others and Polymath Ekar SPV1 & Others. Delve into the details of the case and explore the jurisdiction, court, and recommendations by Faridah Sarah of Ingmiresy Limited.

PROFILE: FROM REGIONAL TO GLOBAL

Read about Bethan Onions, a Global Legal Operations Leader at Arup, as she shares insights
on switching to a global focus and navigating legal operations on a global scale.

DISPUTE RESOLUTION FOCUS – CREDITOR’S RIGHTS

Waleed Hamad of Al Aidarous explores practical strategies to safeguard creditor’s rights in the face of asset disposal challenges in our Dispute Resolution Focus.

MOVERS AND SHAKERS

Check out our latest round-up of the top movers and shakers from the world of legal appointments and promotions, brought to you by Jameson Legal. Who is been promoted, who is been appointed, and who is moving on?

CONTRACT WATCH: ARBITRATION CLAUSES

Contributor Paul Taylor, Managing Partner at Eversheds Sutherland, discusses the common practice of using arbitration clauses in UAE construction contracts. Gain valuable insights into the pro-arbitration stance of UAE courts and the importance of clear and complete contractual dispute clauses.

LAW MONITOR

Explore the implications of a UAE Cabinet Decision on Real Beneficiary procedures in our Law Monitor section, offering a detailed analysis of the latest legal developments in the GCC.

Thanks to Jameson Legal for supporting individuals and businesses, and Al Aidarous for keeping us updated on dispute resolution cases.

Lexis Middle East Law Alert_January-February 2024

Explore the past editions of the Lexis® Middle East Law Alert and stay up-to-date with the latest news! Click the links below for instant access to older editions.

Lexis Middle East Law Alert January-February 2023

Lexis Middle East Law Alert March-April 2023

Lexis Middle East Law Alert_May June 2023

Lexis Middle East Law Alert_July August 2023

TAX AND FINANCE ROUND-UP

Get updated on the latest in tax and finance with our round-up, including a spotlight on DIFC Crypto Tokens. We provide an in-depth analysis of the significant developments influencing the financial landscape in the Middle East.

LEGAL ROUND-UP

Stay informed with our legal round-up, providing a comprehensive overview of recent developments across the region. Highlighting changes in the ADGM jurisdiction, we ensure you are up to speed on the latest legal landscape.

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News developments

Saudi Arabia: Penalties for Violating Security Surveillance Cameras Law Clarified

23/01/202423/01/2024
by Tanya Jain

Saudi Gazette, 22 January 2024: Saudi Arabia’s Interior Ministry has clarified the penalties which will be imposed on those who violate the Security Surveillance Cameras Law.

Offenders will be fined 20,000 Riyals if they transmit or publish recordings in violation of the Law or damage or sabotage security surveillance camera system devices or recordings.

They will be fined 10,000 Riyals if they install security surveillance cameras in places where their installation is banned.

They will be fined 5,000 Riyals if they fail to keep recordings according to the period stipulated in the terms and conditions documents.

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News developments

Qatar: Penal Code Amendments Approved

22/01/202422/01/2024
by Tanya Jain

Al-Sharq, 17 January 2024: Qatar’s Cabinet has approved a draft law amending Qatar Law No. 11/2004 (the Penal Code).

They have referred it to the Shoura Council to consider. The Cabinet also approved a draft law amending Qatar Law No. 7/2005 (the Qatar Financial Centre Law).

For the full story, click here.

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News developments

Saudi Arabia: Dress Code Regulations Introduced for Health Ministry Medical Staff

18/01/202418/01/2024
by Tanya Jain

Saudi Gazette, 16 January 2024: Saudi Arabia’s Health Ministry has announced it has introduced new dress code regulations for its medical staff. Under the regulations, employees must be well dressed. They must appear decent and be well-suited to public etiquette.

They should avoid wearing pyjamas and men should avoid wearing shorts. Inappropriate clothes with offensive connotations or drawings should not also be worn.

Strange hairstyles should be avoided as well and personal hygiene standards should be maintained.

Women should wear opaque head coverings and not wear tight, open, or short clothes.

They should also not wear chains or slogans or excessive makeup, manicures, nails, and perfumes.

Any coats they wear should be wide and come down to their knee.

Official work clothes should not be worn in public places during breaks or outside working hours.

In addition, clothing must be modest and non-transparent and must be worn during work hours.

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News developments

UAE: Cyber Security Council Issues Cryptocurrencies and Digital Assets Fraud Warning

17/01/202417/01/2024
by Tanya Jain

The UAE Government’s Cyber Security Council has warned of the dangers of fraud in cryptocurrencies.

The Council said they constitute a cross-border threat that requires dealers to be vigilant.

They added the risks of these fraudulent activities extend beyond financial loss.

They also put personal privacy at risk and threaten the fundamental trust on which the cryptocurrency market depends.

They went on to say data and studies recently released highlight these risks and the regulatory measures being taken in light of growing concerns about fraud in digital currencies and the consequences.

For the full story, click here.

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News developments

Saudi Arabia: Unified E-code Service Launched

17/01/202417/01/2024
by Tanya Jain

Saudi Gazette, 14 January 2024: The Saudi Business Centre has announced it has launched the first phase of a Unified Electronic Code service.

The data of commercial registrations will be linked with municipal licences, tax certificates and civil defence permits at the Unified Electronic Code.

The service has been launched to provide the latest and most reliable electronic data of establishments and address the issue of clutter caused by establishments having to display their primary data certificates at their premises and branches.

It also aims to reduce the time spent in control and inspection operations.

It has been launched together with the Commerce Ministry, the Municipal and Rural Affairs Ministry and the Housing Ministry, the Zakat, Tax and Customs Authority and the General Directorate of Civil Defence.

Subsequent phases will cover all operational data and licences.

Business owners will be able to access the Unified Electronic Code service via the platform of the Saudi Business Centre easily.

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News developments

Qatar: Proposal to Amend Anti-money Laundering Law Approved

17/01/202417/01/2024
by Tanya Jain

Qatar Tribune, 10 January 2024: Qatar’s Cabinet has approved a proposal to amend the country’s Anti-money Laundering Law.

The amendments relate to Qatar Law No. 20/2019.

The Cabinet has also approved the draft third national development strategy for 2024 to 2030.

In addition, the Cabinet decided to take the appropriate measures to ratify an agreement between Qatar and Egypt on the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance.

Finally, the Cabinet decided to take the appropriate measures to ratify a draft agreement on mutual administrative assistance in customs matters between Qatar and Vietnam.

Also reported in Raya on 11 January 2024. For the full story, click here.

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News developments

Oman: Liquidity Provider Service Launched

17/01/202417/01/2024
by Tanya Jain

Oman Daily Observer, 14 January 2024: The Muscat Stock Exchange has announced the launch of a liquidity provider service.

The service enables the daily presentation of buying and selling offers with a spread of approximately 2% between asking price and bid.

It has been launched as part of the Exchange’s Market Making Initiative and has been launched together with the National Programme for Financial Sustainability.

The Exchange’s CEO said the service has been launched to create liquidity for selected and agreed-upon stocks.

The launch of the service will help the Exchange become an emerging exchange by meeting the essential requirements.

The Exchange is currently working with listed companies, specifically with significant market capitalisation, to provide the service.

There are plans to establish dedicated funds to improve liquidity in the coming days as well.

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News developments

Kuwait: Automatic Prescription Directives Issued

17/01/202417/01/2024
by Tanya Jain

Kuwait Times, 14 January 2024: Kuwait’s Health Minister has issued automatic prescription directives.

Under the directives, prescription data for prescribed medicines dispensed by private sector pharmacies will be linked.

An electronic system for the Health Ministry will be established between the Assistant Undersecretary for Drug and Food Control Affairs and the Assistant Undersecretary for Digital Health Affairs.

The system will help link all prescription data for prescribed medicines and preparations dispensed by private sector pharmacies.

The medicines inspection department will be responsible for monitoring and ensuring the regularity of prescription registrations for medicines by private sector pharmacies in the electronic system.

All private sector pharmacies licensed to trade in prescribed medicine and regulate their circulation must register with the system in line with the specified conditions and procedures.

They must also create a dedicated account for each private pharmacy in the electronic system. The pharmacy licence holder and the pharmacist in charge of the pharmacy will be jointly responsible for all prescription data uploaded to the pharmacy’s account.

The pharmacist in charge must ensure that prescription data for prescribed medicines and preparations meet all the necessary conditions outlined in the prescriptions for these substances and the procedures for their circulation, in line with Ministerial Decisions, before dispensing to the patient.

They must also register and upload each prescription of the substances and preparations dispensed in the pharmacy to the electronic system.

In addition, they must verify that prescriptions received by the pharmacy are issued by doctors registered in the Ministry’s electronic system. No prescriptions may be dispensed unless they meet the required conditions.

They must download the prescription onto the electronic system after dispensing to ensure clarity as well.

A photocopy in PDF format should be created. This should contain the pharmacist’s seal and the pharmacy’s seal and be stored with the original copy in the pharmacy.

The data should match the records in the pharmacy’s register of prescribed medicines and preparations.

This process must be completed on the same date as the dispensing of the prescription.

The pharmacy licence holder and the pharmacist responsible for dispensing the prescription must be legally accountable for all prescription data uploaded to the pharmacy’s account in the electronic system.

Licences, permits and approvals for these pharmacies will not be issued or renewed in the event of non-compliance with the directives.

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