News developments Archives - Page 74 of 223

Oman: Tax Initiative Launched

26/01/202426/01/2024
by Tanya Jain

Shabiba, 21 January 2024: Oman’s Tax Department has announced the launch of a Tax Position Settlement Initiative.

It has been launched to help those who are struggling to pay reduced tax rates and help businesses continue operating.

Struggling income taxpayers must use a specific form to submit their requests within six months from the launch of the initiative at the start of January 2024.

To read the full story, click here.

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Kuwait: Strict Measures Imposed to Prevent Drugs Manipulation

26/01/202426/01/2024
by Tanya Jain

Alqabas, 20 January 2024: Sources have announced strict new controls have been approved by the Health Minister to control treatment with narcotic drugs and psychotropic substances.

They have also been approved to prevent narcotic drugs and psychotropic substances being exploited for abuse and addiction.

The measures are aimed at preventing the trade in narcotic drugs and psychotropic substances following reports about the exploitation of these types of medicines by turning them from substances for medicinal purposes to profit making sources.

The Health Minister’s recent decision to stop the circulation of narcotic drugs outside the government medical sector followed revelations by inspection committees of 2.5 million narcotic pills in the possession of the private medical sector.

This compared to under a million narcotic pills and psychotropic substances in the public medical sector.

To read the full story, click here.

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Abu Dhabi: New Artificial Intelligence Law Issued

26/01/202426/01/2024
by Tanya Jain

Arabian Business, 22 January 2024: Abu Dhabi’s Ruler has issued a new Artificial Intelligence Law.

The Law establishes the Artificial Intelligence and Advanced Technology Council or AIATC.

It will be responsible for developing and implementing policies and strategies related to research, infrastructure and investments in artificial intelligence and advanced technology in the Emirate.

It will also be responsible for developing plans and research programmes together with local and global partners to improve Abu Dhabi’s status in the fields of Artificial Intelligence and advanced technology.

The Ruler also issued a Decision appointing members of the new council.

Under the Decision, Sheikh Tahnoun bin Zayed Al Nahyan, the Deputy Ruler of Abu Dhabi will be the Chairman of the Council.

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council will be Vice Chairman.

Khaldoon Khalifa Al Mubarak, Jassem Mohamed Bu Ataba Al Zaabi, Faisal Abdulaziz Al Bannai and Peng Xiao will be members of the Council.

The Law has been issued and the Council established to develop and regulate an emerging technology sector and create investment and research opportunities.

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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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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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Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

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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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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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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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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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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