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Qatar: Draft Law on Control of Import, Export and Transportation of Rough Diamonds Approved

Qatar: Subsidised Commodities and Prices Decision Issued

  • 24/01/202224/01/2022
  • by Benjamin Filaferro

Al-Sharq, 19 January 2022: Qatar’s Cabinet has decided to approve the draft law on determining the subsidised commodities and the maximum bracket for their prices and the groups of beneficiaries.

The aim is to continue Government support in terms of commodities and animal feed as a strategic option and implement Qatar Law No. 5/2017 on regulating the trading of subsidised commodities.

The Cabinet also approved a draft decision to amend amending Qatar Decision No. 32/2013 on naming the chairman and the members of the Grievances Committee in the Qatar Financial Markets Authority. For full story, click here.

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UAE: First Space Economic Zone to be Established

  • 24/01/202224/01/2022
  • by Benjamin Filaferro

The UAE Space Agency and Masdar have announced they have agreed to establish the country’s first Space Economic Zone in Masdar City to create an integrated business ecosystem to propel start-ups and SMEs.

It will be one of many space-tech hubs which the UAE Space Agency will launch to create a competitive private sector, build national capabilities and contribute to the UAE’s economic growth for the next 50 years.

The Zone will offer world-class infrastructure and an environment which encourages the development of the national space industry. Businesses will be offered an integrated package of benefits including incubation, office space, mentorship, networking, investment opportunities, priority access to Government contracts and closer cooperation with leading global research centres.

The cooperation agreement was signed on the sidelines of the Abu Dhabi Sustainability Week 2022.

It was signed for the Space Agency by its Director General, His Excellency Salem Butti Salem Al Qubaisi and for Masdar by its CEO, Mohamed Al Ramahi.

Under the agreement, the Masdar City Free Zone will offer tailor-made business licenses for space-related companies across the launch sector, satellite communication, logistics, data analysis, science, technology, engineering, among other things.

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UAE: Cabinet Decisions Redefining Administrative Fines for Tax Issued

  • 21/01/202221/01/2022
  • by Benjamin Filaferro

Alroeya, 19 January 2022: The UAE’s Cabinet has issued two decisions redefining the administrative fines which will be imposed for Tax Law violations committed before 28 June 2021 in the State.

It will be 30% of the total unpaid fines by that date provided certain conditions are met.

Taxpayers will only have to pay 30% of the unpaid taxes if they paid the outstanding amount by 31 December 2021.

If the taxpayer didn’t pay the full tax owed or 30% of the total administrative fines by 31 December 2021, they can pay both by 31 December 2022.

The second decision will come into force at the start of March and gives the committee formed by a Decision by the Chairman of the Authority the right to approve the payment of the administrative fines in instalments. For full story, click here.

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Saudi Arabia: Landmark Insurance Product for Self-driving Vehicles Launched

Saudi Arabia: Requirements for Selling Vacant Lands Off Plan Amended

  • 20/01/202220/01/2022
  • by Benjamin Filaferro

Al Riyadh, 18 January 2022: The Programme for Selling or Renting Land Off Plan or Wafi has announced it has amended the requirements for the licences related to selling vacant land off plan.

The amendments limit the requirements for signing, i.e., adding notes to the margin of the land deed instead of offering a financial guarantee or a ratified cheque.

The General Secretary of the Committee for selling or renting off plan said the decision limits the requirement to sign the margin of the deeds as one of the guarantees offered by the developer instead of the financial guarantee of 20% of the cost of the project to speed up the process of developing the land.

This aims to make the procedures to obtain a licence more easily and encourage the owners of these lands to develop their lands as part of the continuous efforts to support the real estate demand and offer residential solutions in a sustainable way by introducing and amending supporting legislation.

The aim is also to increase the level of property ownership by Saudi families to 70% by 2030 to achieve the objectives of the housing programme.

For full story, click here.

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Dubai: Drone-related Activity Permits Suspended

  • 19/01/202219/01/2022
  • by Benjamin Filaferro

Khaleej Times (United Arab Emirates), 18 January 2022: Dubai’s Civil Aviation Authority has announced it has suspended the issuing of all no-objection certificates and permits for drone-related activities until further notice.

The notification has been sent to all of those who have received no-objection certificates.

No reason for the suspension was given.

Drone operators need a no-objection certificate from the Authority to fly Unmanned Aerial Vehicles in the Emirate and to fly drones during events, commercial purposes, aerial filming or advertising purposes or personal non-commercial use.

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Oman: Amphibious Aircraft Approved

Oman: Fast Track Initiative Launched to Attract Foreign Investment

  • 17/01/202217/01/2022
  • by Benjamin Filaferro

Al Sharkalawsat, 16 January 2022: Oman’s Trade, Industry and Investment Promotion Ministry has launched a Fast Track initiative as part of the Invest in Oman programme.

It is aimed at speeding up the process of completing and finishing various investment projects.

It is also aimed at improving the business environment and attracting more foreign investment to the Sultanate.

The first phase of the initiative will focus on investment projects in the renewable energy sector, industry and mining, tourism, logistical services and food security.

Elsewhere, the Chairman of the Trade and Industry Chamber added the Chamber is working on establishing closed joint stock companies to develop and improve the promising economic sector across the Sultanate. For full story, click here.

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Qatar: Draft Law on Control of Import, Export and Transportation of Rough Diamonds Approved

Qatar: Financial System Integrity Laws Being Considered

  • 17/01/202217/01/2022
  • by Benjamin Filaferro

The Peninsula, 13 January 2022: The Director of Control and Development Department at the Administrative Control and Transparency Authority has announced laws to protect the integrity of the country’s financial system are being considered.

They aim to provide the right to access information and tackle conflicts of interest.

The aim is to keep up with relevant technological developments.

They made the announcement on the sidelines of the FinTech Summit Middle East.

The Summit was organised by the Qatar Association of Certified Public Accountants.

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UAE: Implementing Regulations to Labour Law Approved

  • 17/01/202217/01/2022
  • by Benjamin Filaferro

The National, 14 January 2022: The UAE’s Cabinet has approved the Implementing Regulations to the Labour Law.

They guarantee employee rights and allow flexibility to use other kinds of working models.

The Cabinet also approved a new Sports Law to regulate sports activities in the country.

In addition, they approved new patent registration regulations for inventors and protect the right to research microorganisms.

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Dubai: New Procedures for Visiting Foreign Yachts

  • 14/01/202214/01/2022
  • by Benjamin Filaferro

Albayan, 11 January 2022: The Dubai Maritime City Authority has adopted new measures to facilitate necessary procedures for the inspection of foreign yachts visiting the Emirate of Dubai in support of the “Dubai Winter Destination Yachting” initiative.

The Executive Director of the Dubai Maritime City Authority, stressed that the decision came in line with the authority’s aim of strengthening the distinguished position of the Emirate of Dubai as a leading global destination in the marine sector and the framework of supporting the “Dubai is a winter destination for yachts” initiative. The authority has begun coordination with Dubai Customs in implementing inspection procedures for visiting foreign yachts by Dubai Customs inspectors upon their arrival at the marina.

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Dubai: New Law on Rights of People With Disabilities

  • 13/01/202213/01/2022
  • by Benjamin Filaferro

Alroeya, 10 January 2022: The Dubai Ruler, has issued Dubai Law No. 3/2022 on the rights of people with disability in the emirate of Dubai.

HRH Hamdan Bin Mohamed Bin Rashid Al Maktoum has also issued Dubai Decision 1/2022 of the Executive Council promulgating the executive regulation of this law.

The aim of the law is to make sure that practices in Dubai are aligned with the international best practices, especially in relation to rights provided for by the international agreement to those with a disability.

The law will seek to include the opinions of disabled people when policies and legislation that may affect their quality of life are being drafted.

Disabled people are entitled to inclusive education, and job opportunities in all sectors, as well as access to rehabilitation, health care and social services.

They are also entitled to all services such as worship, the police and legal services, and relevant entities should provide them with the ability to access data and information through various platforms and inform them about their legal rights.

The new law seeks to ensure disabled people have access to banking services and opportunities to participate in various sports and entertainments.

A new committee, called the Higher Committee to Protect the Rights of People of Determination, will be created and will include representatives from relevant bodies and those representing disabled people.

The committee will oversee all affairs concerning disabled people in Dubai, and implement policies, plans and initiatives to protect their rights.

It will also propose legislation which aims to protecting the rights of people with disabilities and integrating them into society.

The Community Development Authority in Dubai will issue ID cards for people with disabilities registered in the Emirate which will help them access facilities and services allocated to them.

The new law replaces Dubai Law No. 2/2012 on the Protection of the Rights of People with Disabilities in Dubai and will be effective from the date of its publication in the official gazette.

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