Oman’s Shoura Council has referred a study on private investment in the health sector to the Council of Ministers. The study focuses on the challenges faced by private investment as well as the incentives which should be offered to encourage investment. The Council also referred a study from the Economic and Financial Committee on the obstacles faced by the private sector, the free zones and the incentives required to increase their participation in Gross Domestic Product. The study focuses on the most important economic sectors and the desired partnership between the public and private sectors. It also highlights the importance of reviewing the relevant legislation and legal framework.
The UAE’s President has issued a Road Tolls Law to ease traffic congestion. The Transport Department will determine where the toll gates will go and the amounts to pay. They will also set the operation times and will collect the fees. Its recommendations will be sent to the Executive Council to approve. Abu Dhabi Law No. 17/2017 came into effect on 31 December. Ambulances, the armed forces, civil defence vehicles, public buses and motorcycles will be exempt. Those who fail to comply with it will be fined upto 10,000 AED.
The official spokesperson for Saudi Arabia’s Cooperative Health Insurance Council, Yaser Almuarik has announced health insurance policies sold by health insurance companies under the C name are for marketing purposes only and are not recognised by the insurance system. He added the system does not permit insurance companies to issue policies with benefits which are less than those in the unified policy recognised by the Council. Companies should issue policies which offer the same services offered by the unified policy and if the service is not available in a certain hospital the patient should be referred to another hospital.
Bahrain’s Parliament has unanimously approved a GCC-wide anti-commercial cheating Law. The GCC Commercial Cheating Combating Law was approved following feedback from Industry, Commerce and Tourism Minister, Zayed Al Zayani. If the Shoura Council approves it, the Law will be sent to the King to approve and if he does, the 2014 Commercial Cheating Law will be revoked. Under the draft law, those who cheat consumers by providing them with tampered or manipulated products will be jailed for up to two years or fined between 500 and 100,000 Dinars or jailed and fined. If those involved in forging documents, stamps, weights, measurements or contents to introduce products harmful to humans and animals, they will be jailed up to three years, or fined between 10,000 and 100,000 Dinars, or both.
The President of Egypt’s Financial Regulatory Authority Mohamed Omran has announced Parliament will vote on the amendments to the Capital Market Law next month. Omran added work is ongoing to redraft the new comprehensive insurance law to ensure it is unified with the Private Insurance Funds Law.
Jordan’s Parliamentary Transport Commission has said private cars working with Uber and Careem are breaking the Law. The Commission Chairman, Hasan Alajarma said private cars working with smart applications for transport such as Uber and Careem violate the Passengers Transport Law, Jordan Law No. 19/2017, which stipulates vehicles transporting passengers should be public vehicles.
UAE: Dubai International Ports has announced it is establishing an investment platform with the Indian Fund for Investment and Infrastructure
Dubai International Ports has announced it is establishing an investment platform with the Indian Fund for Investment and Infrastructure. The aim is invest in Indian ports, stations and logistics sector. The platform will also examine the possible extension of the activities to include river ports, transport, cargo routes and private economic zones close to ports.
Qatar has approved a raft of draft Ministerial Decisions concerning the publication of the Official Gazette
Qatar’s Cabinet has approved a raft of draft Ministerial Decisions to implement Qatar Law No. 12/2016 concerning the Official Gazette. The Decisions determine electronic publication controls for the Official Gazette, the controls, procedures and value of the annual subscription in the Official Gazette, the publishing fees, the mechanism of sending copies to subscribers, the prices of their sale to non-subscribers and the method of saving the original copies of editions of the Official Gazette.
Abu Dhabi’s Global Market has announced amendments to its Data Protection Regulations have been approved. The amendments come into force on 1 February 2018. The amendments include updated defined terms, data breach notification timeframes and deadlines for notifications to the Registrar, along with expanded enforcement provisions. They expand the list of jurisdictions designated in the Regulations as providing an adequate level of protection of personal data. The additional jurisdictions include Andorra, the Dubai International Financial Centre and the Faroe Islands. The amendments follow the establishment of the Abu Dhabi Global Market Data Protection Office last month.
The UAE’s Coordination Committee has adopted Ministerial Decision No 1/8/2017 requiring expatriates looking to work in the UAE provide a good character certificate as a precondition for obtaining work permits from 4 February 2018. The Committee added the certificate should be issued by the country of the expatriate or the country in which they have resided for the last five years. The certificate should be endorsed by the UAE mission aboard or the endorsement offices of the Foreign and International Cooperation Ministry.