Newsletter Archives - Page 105 of 244 - LexisNexis Middle East

Sorbonne University Abu Dhabi joins as an Award Sponsor for the 2023 LexisNexis Women in Law Awards

23/02/202323/02/2023
by Benjamin Filaferro

We are thrilled to share that Sorbonne University Abu Dhabi will be an Award Sponsor at the highly anticipated LexisNexis Women in Law Awards 2023, set to take place on 2 March 2023 at The Ritz-Carlton JBR, Dubai.

This event celebrates the achievements and innovations of women in the legal field throughout the Middle East region. The Awards also acknowledge organisations that promote women and gender equality in their teams.

We warmly invite you to join us at this outstanding event on 2 March 2023. Visit the LexisNexis Women in Law Awards website to learn more!

UAE: The Central Bank Launches a Financial Infrastructure Transformation Programme

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

The UAE Central Bank has launched a Financial Infrastructure Transformation (FIT) Programme which aims at Accelerating the Digital Transformation of the Financial Services Sector.

The FIT Programme focuses on the financial services sector, digital transactions, and the UAE’s competitiveness. Its aim is to accelerate digital transformation in the UAE financial services sector and strengthen the country’s position as a global centrre for business and finance.

The Programme has nine key initiatives. These include the first unified, secure, and efficient card payment platform in the UAE which has been designed to enhance e e-commerce and digital transaction development; and eKYC: which provides a secure, user-friendly platform for conducting customer on-boarding and ongoing due diligence digitally. Other initiatives include the Central Bank Digital Currency (CBDC) which is used to tackle cross-border payment inefficiency and promote innovation for domestic payments and the Open Finance initiative which is driving innovation, competitiveness, and collaboration in the financial sector through interconnectivity and interoperability between institutions.

An advanced SupTech service has also been put in place to enhance supervisory processes. There is also an innovation Hub which is a collaborative platform for Fintech engagement, research, and development. In addition, the Instant Payments Platform is a secure, efficient, and robust payment platform which enhances financial inclusion and promots a cashless society through digital payments. There is also a Financial Cloud which provides a secure, resilient, scalable, and reliable sovereign financial infrastructure; and an initiative to supporting a unique customer experience and foster a culture of excellence across the financial sector.

In the first stage of the Programme, digital payment infrastructures and services such as a Card Domestic Scheme and Instant Payment Platform will be launched. The Central Bank Digital Currency for cross-border and domestic uses will also be issued. These initiatives will help lead to financial inclusion, payment innovation, security and efficiency, and a cashless society.

As part of the FIT Programme, the UAE Central Bank will adopt advanced supervisory technologies and data management solutions so that they can implement robust supervisory processes and ensure financial stability.

In the second stage, the FIT Programme will develop and rollout digital infrastructures like Financial Cloud, eKYC, and Open Finance Platforms. These will enhance regulatory compliance, reduce costs, enhance innovation and customer experience, and strengthen their security and operational resilience.

The FIT Programme, links in with he UAE 2031″ vision and National Digital Economy Strategy.

More details and updates of each pillar of the FIT Program will be announced in due course.

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/.

Saudi Arabia: VAT Regulations Amendment

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

Almadina, 13 February 2023: Saudi Arabia’s Zakat, Tax and Customs Authority has stated it is currently amending Saudi Arabia Cabinet Decision No. 654/1438 On the Approval of the Value Added Tax Law.

The changes will include late tax return submission fines.

According to the amendments, the Authority will be given the power to confiscate money from individuals who refuse to pay the final tax due.

Those who do not submit the tax return by the specified deadline will be fined two per cent of the outstanding tax amount for each month of delay.

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.

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

Qatar: Sports Integrity and Transparency Guide Issued

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

Lusailnews, 14 February 2023: Qatar’s Administration and Transparency Regulatory Authority has launched a Guide for Boosting Integrity and Transparency in Sports.ll.

The guide has been launched with the Sports and Youth Ministry, the Qatari Olympic Committee, the Supreme Committee for Projects and Heritage, and the Qatari Federation for Football. It guide aims to promote Qatar’s sports achievements.

It will be used as a point of reference for current and future projects, including the AFC Asian Cup.

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.

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

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.

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.

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

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.

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/.

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.

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/.

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.

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/.