Newsletter Archives - Page 126 of 244 - LexisNexis Middle East

Kuwait: Expatriates to be Banned from Health Clinics

28/06/202228/06/2022
by Benjamin Filaferro

Kuwait Times, 26 June 2022: Kuwait’s Health Minister has announced they are implementing a plan to ban expatriates from public hospitals, polyclinics and health centres.

The ban will apply to entities in the private sector.

Public hospitals will only be open to citizens.

The ban is being imposed to address a supply and demand issue.

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Qatar: Amendments to Implementing Regulations to Tenders and Auctions Law Approved

27/06/202227/06/2022
by Benjamin Filaferro

Gulf Times, 22 June 2022: Qatar’s Cabinet has approved a draft Cabinet Decision amending the Implementing Regulations to the Law regulating tenders and auctions. They are contained in Qatar Cabinet Decision No. 16/2019.

Among other things, a definition of local value, which is the total amount spent by a contractor, supplier or service provider within the country to develop national business, services or human resources to stimulate productivity in the local economy will be added.

Model contracts which Government agencies are bound by when concluding any contract, without the need to review the Contracts Department will also be prepared. The model should not be modified and if there is a need to amend it, the department’s approval is required after co-ordinating with the Contract Department.

In bids worth less than five million Riyals, the Government entity may limit participation in it to micro, small or medium companies, or all of them classified at the Ministry.

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Qatar: Stock Exchange to Introduce Short Selling

27/06/202227/06/2022
by Benjamin Filaferro

Arab News, 23 June 2022: Qatar’s Stock Exchange has announced it is going to introduce short selling and securities lending and borrowing.

They will introduce it in the next quarter.

They are consulting with regulators and policy makers on these moves.

They added they have partnered with London Stock Exchange Group Plc to develop a new trading, clearing and market surveillance system which will allow the Exchange to launch a new derivatives market.

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Kuwait: Smoking to Be Banned in Enclosed and Semi-Enclosed Places

27/06/202227/06/2022
by Benjamin Filaferro

Alqabas, 22 June 2022: The Legal and Financial Committee of the Municipal Council has recommended approving a ban on smoking in enclosed and semi-enclosed places, but allowing it in places designated for that in accordance with the requirements and controls contained in the Environment and Family Law.

The committee has decided to refer the draft controls and rules for naming cities, suburbs, regions, roads, streets and squares to the executive body and the legal department to express an opinion.

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Oman: Details of Securities Law Published

23/06/202223/06/2022
by Benjamin Filaferro

Alroya, 20 June 2022: The new Securities Law has been published in the Omani Official Gazette.

Oman Sultani Decree No. 46/2022 aims to ensure fair, competitive and transparent regulation, support and encourage SMEs by regulating the access of these institutions to funding from the public.

It also aims to protect the interests of dealers, as well as ensure the integrity and efficiency of the stock market and achieve justice and transparency in the transactions that take place through it.

Article 34 of Oman Sultani Decree No. 46/2022 states it is illegal to carry out any harmful practices, which are dealing or inducing others to deal based on undisclosed internal information, as well as not disclosing any material information about a security that the law requires disclosure, as well as the misuse of undisclosed or confidential inside information to achieve personal goals or gains for others and publishing or giving incorrect or misleading information or data which may affect the price of any security or the reputation of any issuer or the investment decision of any dealer.

It is also illegal to tamper with any security by giving bogus orders or initiating an improper transaction. In addition, it is illegal to trade or allow the trading of securities without the periodic settlement of the related obligations in line with the regulations. For full story, click here.

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Bahrain: PPP Guide Approved

22/06/202222/06/2022
by Benjamin Filaferro

Bahrain’s Crown Prince and Prime Minister has issued Bahrain Edict No. 30/2022 promulgating a guide regulating public–private partnerships.

The Minister of Finance and National Economy will be responsible for issuing the edicts, instructions and guidelines necessary to implement the Edict.

This includes the technical and financial provisions and procedures to be taken into account by the administrative authorities while designing partnership projects or implementing them through partnerships.

The Ministry of Finance and National Economy will also be responsible for verifying the compliance with the provisions of the guide accompanying the Edict and the edicts, instructions and guidelines issued subsequently in line with it.

The Minister of Finance and National Economy and other relevant Ministers will be responsible for implementing the Edict.

It will be published in the Official Gazette and come into force on its published date in the Gazette.

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UAE: Penalties for Getting Paid to Publish Illegal or Fake Content Clarified

21/06/202221/06/2022
by Benjamin Filaferro

Alroeya, 17 June 2022: The UAE’s Public Prosecution has clarified the penalties which will be imposed on those who get paid to publish illegal content or fake information.

Under Article 55 of Federal Decree-Law No. 34/2021 anyone who requests, accepts, takes directly or indirectly, a gift or a financial or a moral benefit or has been promised one inside or outside the state in return for publishing or republishing illegal content or any fake information in the state using one of the information technology mediums will be jailed and fined up to two million AED.

The gift or financial benefit will also be confiscated. For full story, click here.

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Saudi Arabia: Intellectual Property Authority Opens Up Written Work Protection

20/06/202220/06/2022
by Benjamin Filaferro

Arab News, 16 June 2022: The Saudi Authority for Intellectual Property (SAIP) has announced the opening up of optional registration for written works, including computer software and applications, architectural, technical and applied artistic works, photographic and graphic works, and 3D topographic works.

The intellectual property authority has defined written works as those that are expressed in words of any kind, such as books and brochures of a literary, scientific or artistic nature. SAIP has added that books, poems, novels, articles, speeches, dissertations, school books and references, brochures and broadcast texts are all included in this optional registration.

The aim of registering written works is to encourage creative people, enhance competitiveness and maximise intangible assets.

The authority has added students can receive discounts on their registration applications and can benefit from all their services.

In order to register the written work submitted must be creative, original, distinguished, and expressive to thoughts and emotions, regardless of the quality of the content.

Requests to register copyright do not include written ideas, daily news, work diaries, procedures and abstract facts, as these are excluded from the copyright protection system.

SAIP provides its services through official channels, including its website (saip.gov.sa), direct number (+966920021421), through email and through its social media accounts.

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Qatar: Draft Law Limiting the Use of Cash in Transactions Approved

20/06/202220/06/2022
by Benjamin Filaferro

The Peninsula, 15 June 2022: Qatar’s Cabinet has approved a draft law regulating the use of cash in transactions.

It aims to limit the use of cash in some transactions, which exceed a certain amount and to avoid risks related to dealing in some areas.

It has been referred to the Shoura Council to consider.

They also approved a draft law on the protection of victims witnesses, and other cooperating people.

It confirms the importance of providing the necessary protections to groups covered by protection, and in fulfilment of the relevant international agreements.

They also approved Emiri decisions on the organisational structures of Ministries and a draft Ministerial Decision approving 121 regional technical regulations as Qatari technical regulations.

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Oman: New Regulations on Car Shades

17/06/202217/06/2022
by Benjamin Filaferro

Oman Daily Observer, 14 June 2022: The Minister of State and Governor of Muscat has issued Resolution No. 134/2022 regulating parking shades outside residential buildings in the Governate.

The new regulations will come into effect as soon as they are published in the Official Gazette. They are based on Oman Sultani Decree No. 101/2020 and Oman Local Order No. 23/1992. They state that vehicle shades cannot be erected outside the boundaries of a residential building without first obtaining permission from the civic authority. Vehicle shades cannot be erected at all outside residential buildings in certain areas including the Al Sarooj area or streets specified in Annex 1 to the regulation or main streets of over 30 meters or double streets. They can only be erected if they leave a distance of at least one meter between the edge of the shade and the street. In addition, the height of the canopy should not exceed 2.4 meters from the lowest part of the interior of the canopy to the parking floor or 3m to the highest part of the canopy.

The Regulations also specify the material canopies should be made from and their colours.

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