News developments Archives - Page 63 of 223

Bahrain: Adopts Timeshare Bill To Regulate Property Ownership

10/05/202410/05/2024
by Tanya Jain

The Daily Tribune, 3 May 2024: The Council of Representatives have unanimously approved a 36-article draft law, following the recommendation of its Committee on Services.

This law aims to regulate activities related to timeshare properties. A timeshare is like a type of vacation home shared among a group of buyers who each own a portion of it.

Under this arrangement, the property’s cost is divided among the owners, and each owner gets a set period of time to stay there every year.

Timeshares usually consist of smaller living spaces within a larger resort area.

The bill allows for more flexibility in issuing contracts and provides increased versatility in contractual arrangements among stakeholders.

It also establishes legal protections to uphold the rights of all parties involved and clearly outlines their responsibilities.

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Abu Dhabi: Issues New Rules For Small Farms

10/05/202410/05/2024
by Tanya Jain

Khaleej Times, 7 May 2024: Abu Dhabi has issued new laws for small-scale farms to boost production.

Authorities in Abu Dhabi will regulate small-scale plant production farms to promote sustainable use of natural resources, boost income for small farmers, and bolster local produce.

The regulations set clear guidelines for plant production on farms, aiming to improve the quality of local agricultural products, making it more competitive on the market.

The decision also aims to regulate the use of the farm’s trade name, the documentation of agricultural operations, as well as the farm’s record of production.

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UAE: Green Residency Visa Regulations

03/05/202403/05/2024
by Tanya Jain

Emaratalyoum, 30 April 2024: The UAE Digital Government has announced that the country will offer a green residency visa to investors engaged in local commercial activities.

The green residency is for investors or partners in commercial activities, lasting five years without a guarantor and subject to renewal.

It replaces the previous two-year investor’s residency with simpler requirements and more benefits.

The requirements for a green residency visa for investors include obtaining investment approval, proof of investment/partnership value, meeting the prescribed percentage of total capital invested, approval from local authorities, and a license to practice the activity.

The green residency includes three categories: for skilled workers, self-employment, and investors or partners in commercial activities.

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Sharjah: Fish Resources Policy Discussed

03/05/202403/05/2024
by Tanya Jain

Al Wahda, 29 April 2024: The Consultative Council in the Emirate of Sharjah will hold its ninth session on 2 May 2024 as part of its 11th legislative term.

The agenda includes a discussion on the Sharjah Fish Resources Authority’s policy.

For the full story, click here.

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Saudi Arabia: Fuel Stations Must Provide Electric Chargers

03/05/202403/05/2024
by Tanya Jain

Aleqtisadya, 30 April 2024: It has been claimed by informed sources that petrol stations in Saudi Arabia, in particular those located on highways, are to be required to provide places and devices for charging electric cars.

The petrol stations will have to adopt particular specifications and standards for the charging devices and on their locations.

It is also thought likely that public parks will also be required to provide special locations for charging electric cars, as these location are accessible and have a large amount of space.

According to the sources, government and private meetings have recently taken place on these new requirements. Service stations will be given the opportunity to suitably equip their premises when these regulations are issued.

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Qatar: Digital Insurer Regulations Issued

03/05/202403/05/2024
by Tanya Jain

Khaleej Times, 24 April 2024: Qatar’s Central Bank has issued Digital Insurer Regulations. They define the regulatory framework for digital insurer activities in the country.

They have been issued in lime with the Third Financial Sector Strategy and the Fintech Strategy.

They also align with the Central Bank’s efforts to regulate and develop the financial sector in line with Qatar Law No. 13/2012.

In addition, they aim to to inspire innovation in the Fintech field, as digital insurers use technology to deliver good insurance services and improve customer experience through effective and smart digital solutions.

Finally, they have been issued in line with the Third National Development Strategy. They represent the final step towards achieving Qatar’s National Vision 2030. This aims to establish a digital economy, promote widespread technology adoption and foster innovations across various sectors, including finance.

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Oman: Consumer Regulator Launches Inspection Drive

03/05/202403/05/2024
by Tanya Jain

Oman Observer, 25 April 2024: The Omani Consumer Protection Authority (CPA) has launched an inspection campaign in the Governorate of Muscat.

This campaign involves using electronic technical connections being used by field inspection teams, and surprise visits to different sectors, such as vehicle repair workshops, those providing spare parts, vehicle oils and tires, and air filters. In addition, the aluminum sector, blacksmiths, carpenters, kitchens, the electrical and electronic appliances sector, building materials sectors, restaurants, cafes, and meat shops will also be targeted.

The campaign aims to ensure that commercial centres and shops are comply with the Consumer Protection Law Oman Sultani Decree No. 66/2014, and aims to reduce the number of complaints and save time and effort for all parties involved.

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Kuwait: Consultation on Draft Procurement Law

03/05/202403/05/2024
by Tanya Jain

Argaam, 30 April 2024: The Ministry of Justice has circulated a draft “Public Procurement” law to government agencies for review.

The Ministry wishes to get their opinions, observations, and recommendations before drafting the new law in its final form, referring it to the Council of Ministers and then presenting it to the National Assembly.

The draft, law which has seven articles, stipulates the repeal of Kuwait Law No. 49/2016 On Public Tenders. As a result employees at the Central Agency for Tenders will be redeployed to other public entities at the same grades, and with the same salary and benefits.

Article 2 of the new law in Chapter One, specifies its scope of application and exceptions which include regulating the purchase of items, contracting and services, carried out on behalf of public entities, and contracts for import services for radio and television programmes.

Bodies including Defense Affairs, the National Guard, the Interior Ministry, Central Bank, the Kuwait Petroleum Corporation and its companies, and the Public Authority for Housing Welfare would be exempt from the new legislation.

Contracting in accordance with the provisions of the law will be through public tenders, but as an exception and by a reasoned decision from the competent minister, will will be possible to contract via limited tender, practice, competition, and direct order.

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Dubai: Strategy for Accelerating AI Adoption

03/05/202403/05/2024
by Tanya Jain

Al Watan, 30 April 2024: The Crown Prince of Dubai and Chairman of the Executive Council have launched Dubai’s annual plan to accelerate the integration of AI technology and applications.

Dubai’s annual plan to accelerate the adoption of artificial intelligence aims to enhance the quality of life across all sectors by integrating AI technology.

The plan also aims to create laws for using AI in different sectors, focusing on governing AI so advanced tools can be used in key areas for positive impacts, benefiting humanity and the quality of life.

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Bahrain: Shura Council Approves Law To Curb AI Abuse

03/05/202403/05/2024
by Tanya Jain

The Daily Tribune, 29 April 2024: The Shura Council has ratified a report from the Committee on Legislative and Legal Affairs endorsing a draft law which will regulate AI technology and its uses.

According to the committee, proposed penalties include a maximum fine of BD2,000 for individuals who program, process, or introduce AI in a way that violates individual freedom, invades the sanctity of private life, or undermines societal traditions.

Other penalties will include imprisonment and a fine ranging from BD5,000 to BD2,000 for individuals who design software or technology that promotes division among people.

The penalties will extend to those who manipulate official statements and create malicious fake visual and audio content.

The proposed law also ensures that those harmed by the use of artificial intelligence will have a right to request compensation for the damage they have suffered.

This law holds the owner of the robot or programmed machine responsible for the compensation of any damage caused by AI.

The Artificial Intelligence Unit will be given the authority to impose administrative penalties on licensed violators, ranging from a warning to license withdrawal and progressive administrative fines based on the severity of the violation.

The law also details criminal penalties.

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