Newsletter Archives - Page 21 of 247 - LexisNexis Middle East

UAE: Cryptocurrency for Salaries and Payments

12/06/202512/06/2025
by Hannah Gutang

Khaleej Times, 4 June 2025: The UAE is set to integrate cryptocurrency into daily transactions, allowing residents to pay bills, traffic fines, and receive salaries in digital currencies.

Residents and businesses across the UAE, will be able to use cryptocurrencies for utility bills, groceries, and other payments. The legal precedent was set by a Dubai court when it ruled allowing an employee’s dues to be paid in both dirhams and cryptocurrency, as per their contract.

To use crypto currencies, businesses have to adapting their payment systems to accept cryptocurrencies, and residents would have to ensure compliance with the legal framework governing digital transactions.

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Qatar: New Regulations for Acquiring Land for Recycling Factories

12/06/202512/06/2025
by Hannah Gutang

Al Arab, 8 June 2025: The Ministry of Commerce and Industry has released regulations for obtaining land to establish recycling factories in Al-Afja, following the announcement of investment opportunities for private sector waste recycling projects.

Applications will be open until 21 August 2025, covering recycling industries such as wood, paper, plastic, glass, animal waste, textiles, food waste, electronic waste, and waste sorting.

Interested investors are encouraged to review the land allocation requirements for recycling activities. The new requirements included completing a form for licensing in the Al-Afja recycling industries area and submitting necessary documents, such as preliminary approval for an industrial project, a valid commercial registration, and a feasibility study.

The feasibility study must detail technical, environmental, and economic analyses, including factory plans, raw material sources, production capacity, environmental impact assessments, market evaluations, and agreements with suppliers. Previous experience in recycling industries will also be considered.

The Ministry of Commerce and Industry, in collaboration with the Ministry of Municipality, has facilitated applications through the One-Stop-Shop platform, connecting investors with 18 government entities. This digital system allows for electronic submission, modification, signing, and payment of fees globally, streamlining the process of obtaining necessary permits and licenses.

The initiative aims to enhance operational efficiency, reduce time and costs for investors, and support comprehensive company establishment services. Investors can obtain all required licenses to commence business activities, with immediate approval upon completing application procedures. The service includes commercial name reservation, commercial registration issuance, and obtaining various licenses based on selected business activities.

For factory establishment, investors begin with commercial registration, followed by preliminary project approvals, land allocation, environmental permits, and industrial license issuance, enabling factory setup and industrial registration.

For the full story, click here.

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Kuwait: Law to Enforce Payment of Public Service Fees

12/06/202512/06/2025
by Hannah Gutang

Arab Times, 8 June 2025: Kuwait’s government issued Kuwait Decree-Law No. 75/2025, aimed at enforcing the collection of fees for public services such as electricity, water, telecommunications, and transport.

The law introduced mechanisms to ensure timely payment and prevent fee evasion, reinforcing the principle that public utilities must be paid for under regulatory mandates.

Key provisions included automatic service suspension for debtors failing to pay within 30 days of notification, with services restored upon full payment. The law allowed installment-based repayments for those unable to pay in full, subject to creditor approval. Failure to adhere to the installment plan led to its cancellation and immediate debt recovery procedures.

Article 2 of Kuwait Decree-Law No. 75/2025 mandated a grievance process before legal action, requiring debtors to file a written complaint with the concerned authority, which must respond within 30 days. Article 3 of Kuwait Decree-Law No. 75/2025 granted government creditors a statutory lien over all debtor assets, ensuring priority in recovering dues. Article 4 of Kuwait Decree-Law No. 75/2025 elevated official debt documents to “executive instrument” status, allowing direct enforcement without lengthy court proceedings.

The law introduced a 10-year statute of limitations for fee collection, with interruptions possible through official notices from creditors. Judicial fees were exempted from the law’s provisions.

The legislation aimed to address widespread abuse of the existing system, where many beneficiaries delayed or avoided payments, burdening the state financially. It sought to restore financial discipline and ensure efficient management of public utilities, offering structured payment plans to balance enforcement with recognition of genuine financial hardship.

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Ajman: Decree on Real Estate Service Fees and Penalties

12/06/202512/06/2025
by Hannah Gutang

Mubasher, 9 June 2025: The Crown Prince of Ajman has issued a new decree on the standardisation of service fees, penalties, and fines within the Department of Land and Real Estate Regulation.

Under the decree, the Department of Land and Real Estate Regulation has been authorised to collect specified fees and enforce penalties and fines for non-compliance. The decree has also nullified any conflicting provisions in existing legislation, ensuring a unified legal framework for real estate services.

The standardisation of fees and penalties is expected to streamline real estate transactions and support Ajman’s economic and organisational growth.

For the full story, click here.

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Oman: New Regulations For Elderly Care in Social Welfare Institutions

30/05/202530/05/2025
by Tanya Jain

The Arabian Stories, 26 May 2025: The Ministry of Social Development in Oman has issued Oman Ministerial Decision No. 169/2025, to implement new governance regulations aimed at enhancing the quality of care and support in government-run homes for the elderly.

This decision marks a significant shift in the management of institutional care for the aging population in Oman, impacting government-run homes for the elderly, mandating them to provide comprehensive social, health, psychological, cultural, and recreational care services. The regulations require these institutions to create a suitable environment for the elderly and coordinate with relevant authorities to manage their financial affairs.

Key obligations under the new regulations include the requirement for residents to confirm their registry information annually through an electronic verification process, replacing the traditional renewal requirement. The regulations also grant residents the right to receive visitors and leave the home under specific guidelines. The decision encourages volunteer participation in organising activities for residents, with strict conditions on health and conduct, including a prohibition on photographing or sharing images of residents.

Article 7 of Oman Ministerial Decision No. 169/2025 mandates that the home must inform a family member of the elderly person if there is a critical health condition or accident. If contacting a family member is not possible, the home is authorised to approve necessary surgical interventions in the resident’s best interest.

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Kuwait: Central Bank Enforces Transparency in AML Penalties

30/05/202530/05/2025
by Tanya Jain

The Central Bank of Kuwait has approved a methodology for imposing penalties in line with Article (15) of Kuwait Law No. 106/2013, concerning combating money laundering and terrorist financing.

There will be the publication of penalties imposed on supervised entities to ensure transparency and adherence to international standards set by the Financial Action Task Force (FATF). The Central Bank aims to make penalties “effective, proportionate, and deterrent,” and align them with the severity of violations. The penalties, including written warnings and financial sanctions, are published on the Central Bank’s official website to promote transparency and regulatory compliance.

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Dubai: Remote Marine Vessel Licence Renewal Service

30/05/202530/05/2025
by Tanya Jain

Dubai Maritime Authority, part of the Ports, Customs and Free Zone Corporation, has launched a Remote Technical Inspection Service to facilitate the renewal of licences for pleasure marine vessels up to 12 meters, pleasure watercraft, and foreign-registered visiting vessels.

This initiative, issued by CEO of the Dubai Maritime Authority, is part of the Authority’s digital transformation strategy, following directives from His Highness Sheikh to simplify government services and reduce bureaucracy. Vessel owners and operators in Dubai, will have to use the new remote service for licence renewals. The service allows customers to book inspections online, complete necessary checklists, and conduct virtual inspections with an inspector, ensuring compliance with safety and operational standards.

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UAE: Banks to Increase Minimum Balance Requirement

22/05/202522/05/2025
by Tanya Jain

Khaleej Times, 20 May 2025: Several banks in the UAE have announced an increase in the minimum balance requirement from AED 3,000 to AED 5,000 as per the Central Bank’s personal loan regulations.

Customers who do not maintain the new minimum balance will incur a monthly fee of AED 25, unless they hold a credit card or have personal financing with the bank. The decision aims to enhance banks’ deposit levels and cover the costs of maintaining customer accounts.

Customers with a total balance of AED 20,000 or more, or a monthly salary transfer of AED 15,000 or more, will be exempt. Those with salary transfers between AED 5,000 and AED 14,999 who also have a credit card, overdraft facility, or loan will also be exempt.

Finance experts have raised concerns about the financial disadvantage to low-income workers, urging banks to reconsider the increase or offer varied minimum balances based on salary ranges. Alternative options, such as using money exchanges or financial institutions for salary disbursement, are suggested to mitigate the impact on affected workers.

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Saudi Arabia: Law Amendment to Regulate Private Security Guard Services

22/05/202522/05/2025
by Tanya Jain

Saudi Gazette, 17 May 2025: The Saudi Interior Ministry has issued amendments to the Executive Regulations of Saudi Arabia Cabinet Decision No. 145/1426 on Private Security Services, which were approved by Interior Minister.

These amendments delineate the activities that private security guards can perform during work hours and establish requirements for 24-hour security services for specific commercial establishments.

The decision impacts private security service providers and the facilities they serve, including private and international educational institutions, event halls, medical centres, and facilities licensed by the Saudi Conventions and Exhibitions General Authority or the General Entertainment Authority. These facilities are required to provide private civilian security services during work hours.

The amended regulations mandate 24-hour security for establishments such as hotels, banks, hospitals, gold and jewellery stores, large markets, malls, and commercial centres with significant retail space. Other facilities, including car showrooms, residential complexes, amusement parks, and factories, are also obliged to provide round-the-clock security based on specific criteria outlined in the amendments.

The amendments aim to enhance the security framework within the Kingdom, ensuring private security services are effectively regulated and establishments maintain adequate protection measures.

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UAE (Ras Al Khaimah): Police Enforces UAE Law Against Spreading Fake News

22/05/202522/05/2025
by Tanya Jain

Gulf News, 15 May 2025: Ras Al Khaimah Police issued a stern reminder regarding the legal repercussions of disseminating fake news and rumours via the internet and social media, in accordance with UAE law.

It aims at safeguarding public safety, health, and the economy, mandates severe penalties for individuals who spread false information that contradicts official news or causes public fear and confusion.

Anyone found guilty of spreading fake news or rumours can face a minimum of one year in jail and a fine of Dh100,000 or more. This applies to the sharing of posts, messages, or videos that contain incorrect information or challenge official announcements.

The police emphasized the importance of verifying information before sharing it online, to prevent the spread of misinformation and protect community safety.

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