News developments Archives - Page 102 of 224

Qatar: Decision to Regulate Subsidized Construction Materials Suspended

09/03/202309/03/2023
by Benjamin Filaferro

Alqabas, 5 March 2023: Qatar’s Trade and Industry Minister has suspended the implementation of Qatar Ministerial Decision No. 30/2023, which regulates subsidized construction materials, for further examination.

According to sources, the decision has been suspended to review and make amendments which will protect the interests of nationals who benefit from the subsidized materials to construct their homes.

As a result, the mechanism for dispensing construction materials to nationals will remain the same as it was before the decision was made.

For the full story, click here.

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Oman: Draft Labour Law Referred to State Council by Majlis A’Shura

09/03/202309/03/2023
by Benjamin Filaferro

Muscat Daily, 1 March 2023: The Majlis A’Shura has referred the Draft Labour Law, which was proposed by the government, with amendments to Oman’s State Council.

This aims to complete the legislative cycle according to Article 49 of Oman Council of Oman Law.

During the session, the shura discussed the report of the draft law which contained amendments and additions to some articles to ensure workers’ rights.

For the full story, click here.

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Kuwait: New Decision Requires Pharmacies to Restrict Payments to Prevent Money Laundering

09/03/202309/03/2023
by Benjamin Filaferro

Arab Times, 5 March 2023: A new ministerial decision has been issued by Mazen Al-Nahedh, the Minister of Trade and Industry, to prevent money laundering activities.

Private pharmacies and other entities operating in the drug control sector are required to limit the use of “Knet” as a means of payment to amounts exceeding 10 dinars.

Cash payments for any sale are also limited to amounts below 10 dinars.

Any violation of this decision may result in the imposition of penalties and measures in accordance with relevant laws and decisions by the supervisory authority.

For the full details, click here.

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Abu Dhabi: Previous Pension Service Periods Added Automatically

09/03/202309/03/2023
by Benjamin Filaferro

Albayan, 5 March 2023: The Abu Dhabi Pension Fund has confirmed it automatically includes the previous service periods of individuals who are registered with the Fund from both the private and public sectors.

This is done at no additional cost to the insured persons.

However, if an insured person has received their end of service payment and later decides to add their previous service period, they must pay a fee which is equivalent to 26 per cent of the salary used as the basis for calculating their subscriptions.

The service periods which can be added include previous work periods with the federal government, previous work periods in the private and public sectors in the Emirate of Abu Dhabi, previous work periods in the private sector outside the Emirate of Abu Dhabi, and previous service in local authorities in the UAE, provided the conditions stipulated by law are met.

For the full story, click here.

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Meet the Dazzling Winners of the 2023 LexisNexis Women in Law Awards in the GCC!

03/03/202303/03/2023
by Benjamin Filaferro

Get ready to meet the inspiring and trailblazing winners of the 2023 LexisNexis Women in Law Awards in the GCC! The wait is finally over, and we are thrilled to announce the deserving winners of these highly anticipated awards.

With over 195 impressive entries across 17 categories, these women in the GCC legal industry have truly raised the bar. We want to give a huge round of applause to all the participants who have made this event a true success from the start.

The winners were announced at a glamorous gala dinner and awards ceremony held at the iconic Ritz-Carton in JBR, Dubai, UAE, on 2 March 2023.

We couldn’t have made this possible without the support of Yungo Legal Consultants (Drinks Reception Sponsor), DLA Piper (Bronze Sponsor), Sorbonne University Abu Dhabi (Award Sponsor) and Grant Thornton (Audit Partner).

You can check out the winners by clicking here.

We’re already looking forward to the next edition in 2024 and can’t wait to see what’s in store for the future of women in law in the GCC!

MEET THE WINNERS

UAE: Unemployment Insurance Cannot Be Transferred to Others

02/03/202302/03/2023
by Benjamin Filaferro

Emaratalyoum, 24 February 2023: Insurance companies working with the UAE’s Human Resources and Emiratization Ministry have been receiving compulsory insurance requests for unemployment insurance from employees in both the private and public sectors.

Failure to obtain this insurance could result in a fine of up to 400 AED.

This type of insurance was mandated by Federal Decree-Law No. 13/2022 Concerning Unemployment Insurance to provide employees with a three-month income equivalent to 60 per cent of their salary value if they leave work for reasons beyond their control or non-disciplinary reasons.

The insurance cannot be assigned to others or transferred to any other individual or company at any time.

For the full story, click here.

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Saudi Arabia: White Land Fees System to be Amended

02/03/202302/03/2023
by Benjamin Filaferro

Okaz, 26 February 2023: Saudi Arabia’s Municipality, Rural, and Housing Affairs Ministry will amend the Saudi Arabia White Land Fees System and its executive charter to encompass residential and commercial uses.

The amendments will also introduce a fee of 2.5% of the land’s value.

The committee established based on Article 14 of the Saudi Arabia White Land Fees System it may levy fees of up to 10% of the estimated land value within certain limits and according to criteria to be established by the ministry, including the land’s location, intended use, building system, utilities, and population density.

Landlords of land subject to the fees must provide the ministry with the documents and information related to their properties within a timeframe set by the ministry, not exceeding three months from the date of the announcement.

For the full story, click here.

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Qatar: Judicial Supreme Council Issues Family Bank Card

02/03/202302/03/2023
by Benjamin Filaferro

Raya, 27 February 2023: Qatar’s Judicial Supreme Council has launched a prepaid family bank card, designed to facilitate timely payment of regular expenses for entitled beneficiaries.

The card will be funded from the Families Deposits Account through the Qatar Islamic Bank.

The initial batch of cards was issued in February and can be used by families receiving maintenance payments to ensure beneficiaries receive their court-allocated funds.

For the full story, click here.

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Oman: New App Launched to Combat Counterfeit Goods

02/03/202302/03/2023
by Benjamin Filaferro

Muscat Daily, 28 February 2023: Oman’s Tax Authority has launched an app called ‘Ta’akad’ to protect consumers from counterfeit goods and to verify the validity of tax stamps on products.

The app is available on both Android and IOS devices and allows consumers to report any commodity which violates the law.

The Tax Authority is working with the Royal Oman Police and the Consumer Protection Authority to prevent the entry into the country of cigarettes and tobacco products without the distinctive tax stamp to prevent fraud.

For the full story, click here.

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Kuwait: Capital Market Launches Reporting Service

02/03/202302/03/2023
by Benjamin Filaferro

Alanba, 24 February 2023: The Capital Market Authority has recently launched an application called “Sahel,” which offers a reporting service for crimes and violations as defined by Kuwait Law No. 7/2010 On the Establishment of the Capital Market Authority and Regulation of Securities Exchange Activity.

The service’s primary aim is to facilitate the reporting of crimes and violations by providing an easy-to-use platform for individuals to provide full details, including time, location, and any other pertinent information.

For the full details, 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/.