News developments Archives - Page 104 of 224

Oman: Licence Must Be Obtained for National Product Identity

16/02/202316/02/2023
by Benjamin Filaferro

Atheer, 12 February 2023: Oman’s Trade, Industry, and Investment Promotion Minister has issued Oman Ministerial Decision No. 62/2023 On the issuance of a Regulation governing the licensing of the national product identity.

According to the regulations, the National Product Identity cannot be used without first obtaining a licence.

The department must also obtain a licence to use a template.

Licence applications must be processed 15 days from the date of submission. They are valid for three years and renewable.

The regulations also determine the punishments for not complying with these provisions.

In addition, the how states how to appeal these punishments.

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Kuwait: Committee to Investigate Investment Authority Violations Established

16/02/202316/02/2023
by Benjamin Filaferro

Alqabas, 12 February 2023: Kuwait’s Finance Minister and the Chairman of the Investment General Authority Board have issued a decision to form an investigations committee to investigate business violations which fall under the Board’s authority.

The committee, which will be chaired by Ahmed Alkhadeer, will be responsible for investigating Future Generations and Public Reserves management violation claims.

They will also audit the authority’s procedures to in order to address comments made by the Auditing Authority.

The Rain House Company for Infrastructure and the Saint Martin Company’s management, which are both owned by the authority, will also be investigated.

For the full story, click here.

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Dubai: Laws Establishing New Government Departments Issued

16/02/202316/02/2023
by Benjamin Filaferro

Emaratalyoum, 08 February 2023: Three new laws have been issued to establish three new departments under Dubai’s Economy and Tourism Department.

Dubai Law No. 6/2023 has established the Dubai Commercial Registration and Licensing Department.

In addition, Dubai Law No. 7/2023 has established the Dubai Economic Development Establishment.

Meanwhile, Dubai Law No. 5/2023 has established the Dubai Consumer Protection and Fair-Trade Department.

The three laws will be published in the official gazette and will come into force the day of their publication.

These new departments will support the D33 Dubai Economic Agenda’s objectives. They have been launched in January to double Dubai’s economy to 32 trillion AED in the next decade.

For the full story, click here.

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Hot off the Press: Get the Inside Scoop with the Latest Edition of Lexis® Middle East – HR Alert!

16/02/202316/02/2023
by Benjamin Filaferro

Get ready to stay ahead of the game with the newest issue of our top-rated HR magazine – the Lexis® Middle East – HR Alert! This must-read publication offers exclusive updates on the most recent labour and employment law changes and cases, as well as invaluable advice on region-specific HR policies and templates.

From informative interviews with renowned regional HR professionals to expert guidance on the latest industry trends, this complimentary magazine has it all. Don’t miss out on your chance to gain a competitive edge – get your hands on the latest edition of the HR Alert now!

In this edition:

Foolish to Fake It

New Emiratisation regulations are in place as of January 2023, but some employers are trying to bypass them. Learn about the negative consequences from Dr Laura Voda and Maquelin Pereira of Fichte & Co.

Meet Me in the Metaverse

UAE Technology Recruitment specialist Marc Ellis has set up a replica of their office in the Metaverse. Learn about their experiences in this exciting new virtual space.

Immigration Focus: Recent GCC Immigration and Visa Changes

Stay informed on the latest immigration updates in the GCC with Vialto Partners. Keep track of changes and make sure you comply with new regulations.

Immigration Profile: Embracing Change

Anir Chatterji, Partner at Vialto Partners, shares insights on how the Russia-Ukraine war and evolving GCC immigration policies have impacted his work. Stay ahead of the curve with expert analysis.

Law Changes: New and Proposed MENA Laws – Health Insurance

Stay on top of the latest legal changes in the MENA region! Learn how Dubai Administrative Decision No. 78/2022 is impacting health insurance rights for employers from experts Bassem Daher and Yara Hifni of Galadari Advocates & Legal Consultants.

HR Profile: Attract and Retain

Maisa Maarouf, Head of HR & Administration at BSA Ahmad Bin Hezeem & Associates LLP, shares the importance of staff retention initiatives in her work. Learn how to attract and keep top talent.

Practitioner Perspective: Recent Reforms in Saudi Arabia

Stay informed on the latest labour laws in Saudi Arabia! Check out Clyde & Co’s MEA Employment Partner, Sara Khoja’s insights on the fundamental reforms that could make it easier for employers to attract top talent.

Moves and Changes

Stay up-to-date on the latest business happenings with our round-up of moves, changes, appointments, and promotions.

Policy Pointers: Probation Policies

Probation periods in employment contracts give employers time to evaluate new hires and employees a chance to review their work conditions before committing long-term. Typically lasting 3-12 months. Get policy pointers from expert Sulakshana Senanayake of Afridi & Angell for similar policies in the DIFC.

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_January 2023

Have you read the Lexis® Middle East HR Alert – June and September 2022 editions? Click the links below to access and read these editions.

LexisNexis Middle East HR Alert – November 2022

LexisNexis Middle East HR Alert – June 2022

LexisNexis Middle East HR Alert – September 2022

LexisNexis Women in Law Awards 2023: The stage is set, and the venue is locked in!

13/02/202313/02/2023
by Benjamin Filaferro

Dubai, UAE: Get ready to celebrate the achievements of remarkable women in the GCC legal field as the LexisNexis Women in Law Awards 2023 is set to take place on 2 March 2023 at The Ritz-Carlton JBR in Dubai.

This highly anticipated event will honour women who have made a significant impact in the legal industry, and provide a platform for recognition, inspiration, and empowerment. Meet the ground-breaking women shortlisted for the 2023 LexisNexis Women in Law Awards here!

The gala dinner and awards ceremony will be a night to remember, showcasing the best in the field and celebrating the progress of women in law.

Don’t miss out on this historic occasion and secure your seat now. Show your support for the excellence of women in law and be a part of a night filled with inspiration, recognition, and empowerment.

This is a night not to be missed! Let’s make it unforgettable! Book your spot today!

BOOK YOUR SEATS

UAE: Tax Compliance Service for Small Enterprises Introduced

13/02/202313/02/2023
by Benjamin Filaferro

Albayan, 9 February 2023: The UAE’s Federal Tax Authority (FTA) will launch the “Mowafaq Package” initiative to facilitate tax compliance for small and medium enterprises in the current year.

The authority has concluded a joint cooperation agreement with “Etisalat from &e” to provide facilities and privileges within the initiative’s framework.

The agreement has been signed by the Federal Tax Authority’s Director General and the Senior Vice President of the Government Institutions Sector at “Etisalat from &e”.

It aims to enhance joint cooperation between the parties, especially on supporting small and medium-sized companies.

It also aims to encourage tax compliance.

According to the agreement, “Etisalat from e&” will provide a support package to encourage those registered in the “Mowafaq Package” to comply.

For the full story, click here.

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UAE: Fines Announced for Private Companies That Fail to Meet Emiratisation Target

09/02/202309/02/2023
by Benjamin Filaferro

Khaleej Times, 7 February 2023: Firms which do not achieve the one per cent Emiratisation target by 1 July 2023 will be fined 7,000 AED for each UAE national who has not been hired.

Firms are now required to increase the number of Emirati employees in skilled roles by one per cent every six months.

Based on the amended scheme, penalties for private companies that fail to meet Emiratisation targets will now be imposed semi-annually.

Non-compliant companies will be charged starting from 1 July 2023. Penalties for non-compliance in 2022 will also continue to be collected.

The overall two percent target must be reached by the end of the year.

The amendments do not include any additional requirements or penalties.

For the full story, click here.

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Saudi Arabia: Electronic System to Collect Government Revenue Adopted

09/02/202309/02/2023
by Benjamin Filaferro

Almadina, 6 February 2023: Saudi Arabia’s National Centre for Government Enterprise Resources Planning Systems has adopted an electronic system to collect state revenue generated by government authorities.

The system has been launched by the Centre and the Finance Ministry. It will support digital transformation projects in the centre in order to achieve the 2030 Vision objectives.

The centre’s role includes offering solutions and integrated systems to increase the quality of electronic services for government financial transactions.

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.

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Qatar: Shura Council Approves Draft Law Amending Real Estate Law

09/02/202309/02/2023
by Benjamin Filaferro

The Peninsula, 6 February 2023: Qatar’s Shura Council has held its regular weekly session, where it approved a draft law amending some provisions of Qatar Law No. 6/2014 Regulating Real Estate Development.

This has been approved after the Legal and Legislative Affairs Committee’s report was reviewed. Its provisions have also been discussed by the Council.

The amendments have included several definitions contained in the draft, the establishment of a special register for those licensed to practice real estate development, and another register for those licensed to practice the profession.

The amendments have also defined the obligations of real estate developers.

The draft regulates the relationship between developers and banks.

It stipulates the opening of an account by agreement between both parties, in which the rights and obligations of both are to be determined.

The amendments also include asking developers to submit an accounting statement detailing the amounts spent on the project.

It has grants judicial authority to the Real Estate Regulatory Authority’s employees and establishes a licensing committee.

The Committee will be entrusted with issuing licenses to real estate developers and companies which operate in the field by managing and maintaining real estate which is under construction.

The Council has also approved a draft law amending some provisions of Qatar Law No. 24/2006 on issuing the Law of Fertilizers and Agricultural Soil Improvers in GCC countries.

This had been referred to the Council by the government, after reviewing the Services and Public Utilities Committee’ report.

In addition, they have also approved a request to extend the work of the Cultural Affairs and Information Committee to study a draft law on documents and archives.

The Council’s Speaker briefed members on a submitted proposal to include an emergency clause on criminalizing contempt for religions and spreading hatred among people.

The proposal has called for the promotion of values like coexistence, tolerance, international peace and security.

It will be on the agenda of the 146th General Assembly of the Inter-Parliamentary Union, which will be held next March.

For the full story, click here.

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Oman: New Regulation Issued For SME Registration

09/02/202309/02/2023
by Benjamin Filaferro

Atheer, 5 February 2023: The Chairwoman of Oman’s Small and Medium Enterprises (SMEs) Authority has issued Oman Decision No. 56/2023 on issuing regulations to register SMEs and on issuing business entrepreneurs’ identity documents.

Based on this decision, SME owners must correct their position to align with the regulations’ provisions. This must be done within 90 days following the date the regulations come into force.

Headquarters must also be within the geographical borders of Oman.

Entrepreneur cards can be obtained if the owner is fully committed to the project. However, they must also be registered with the Labour Ministry as the business owner.

For the full story, click here.

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