Newsletter Archives - Page 225 of 246 - LexisNexis Middle East

Egypt: The New Universal Health Insurance Law Executive Regulations

17/06/201811/12/2019
by Benjamin Filaferro

The Executive Regulations of the Universal Health Insurance Law, Egypt Law No 2/2018 (the Law) were issued by virtue of the Egypt Prime Minister Decree No 909/2018 on 8 May 2018 (the Regulations). The Regulations have mainly further elaborated on the role and mandates of the three authorities that will replace the General Authority for Health Insurance.

Click here to view the highlights of the most notable provisions: https://www.lexismiddleeast.com/doc/2661065_2661066

The Impacts of the GDPR on Corporate Governance Practices in the GCC – by Robert L. Ford

10/06/201811/12/2019
by Benjamin Filaferro

The European Parliament and Council passed a regulation (EU) 2016/679 to refresh the data and privacy protection laws for European Union States. The new regulation is commonly known as the General Data Protection Regulation (GDPR) and came into effect on 25 May 2018. The GDPR has defined the rights of EU individuals relating to how their data is collected, stored, processed and used by organisations. Any organisation that handles the data of any EU citizen is bound by the provisions of the GDPR. This regulation is applicable globally and fines of up to 4% of worldwide turnover or 20 million euros (whichever is greater) will be levied on businesses breaching them. GCC organisations and businesses need to consider whether they collect, store, process or control any data for EU citizens and revise their own governance and enterprise risk management frameworks to comply with the GDPR provisions.

Read full article here.

Bahrain to Offer 10-year Residency Visas to Foreign Investors – LNB News ( 06/06/2018)

10/06/201811/12/2019
by Benjamin Filaferro

In a bid to boost foreign investment, the Bahraini authorities have announced they are planning on issuing ten-year residency visas to foreign investors.

The visas will be renewable and will enable foreign investors to self-sponsor themselves. It follows an announcement by the UAE authorities that they were going to relax their investment rules and introduce a ten-year visa for investors and innovators as well as medical, scientific, research and technical professionals.

Saudi Arabia: E-medicine System Completed – LNB News (05/06/2018)

10/06/201811/12/2019
by Benjamin Filaferro

Newspaper: Al-Madina, 4 June 2018

Saudi Arabia’s General Authority for Food and Medicine has announced it has completed an e-medicine system to track medicine from production to customers.

The aim is to ensure medicines are readily available and are safe. The Authority has placed barcodes on packaging and created the necessary technical infrastructure to host the movement details of medicines. They are also working with relevant parties including factories, importers, storage units and distribution centres, hospitals and pharmacies to implement the system.

UAE: Unaccompanied Minors Now Need Parental Authorisation When Entering UAE – LNB News (04/06/2018)

10/06/201811/12/2019
by Benjamin Filaferro

Newspaper: Gulf News, 1 June 2018

From 1 June 2018, those under 18 years will not be allowed to travel to the UAE without an authorisation letter from their parents if they are not travelling with their parents.

The authorisation form must be completed by the parents with relevant details of the child’s address overseas and in the UAE and information about who will receive the child in the UAE. Even in cases where the minor is travelling with another family member, an authorisation letter from the parents, or guardians will still be required, Air India has said. Airline staff are able to escort minors through immigration, provided that the form has been completed and the process of handing them over to the authorised person has been duly followed.

It has been stated minors could be deported if the immigration authorities in the UAE suspect illegal activity and the information provided is insufficient to address such concerns. In such cases, the normal process and subsequent fines will also apply.

UAE: The New Arbitration Law Has Been Gazetted

10/06/201811/12/2019
by Benjamin Filaferro

This week the spotlight is on legal developments in the UAE where the long-awaited and much anticipated Arbitration Law has been Gazetted. Federal Law No. 6/2018 will apply to all local arbitrations taking place in the UAE, unless agreed otherwise. It will also apply to any international commercial arbitration taking place outside the UAE, where the parties have agreed to apply UAE arbitration law and all arbitrations arising as a result of a contractual or non-contractual relationship governed by UAE law, unless expressly excluded. We have priority requested this important legislative development from our publishing partners, SADER Legal Publishing and we will keep you updated on its progress. The Law will replace the arbitration provisions in Federal Law No. 11/1992. We have been delighted to include analysis of this important legislative development from Afridi & Angell, Al Tamimi & Company, BSA Ahmad Bin Hezeem & Associates LLP, Clyde and Co, Hogan Lovells and Pinsent Masons LLP and their insights can be viewed under the Commentary section of Lexis Middle East Law (www.lexismiddleeast.com).

Weekly Spotlight: Ownership of Emirati Companies by Foreign Entities in the Mainland to Be Allowed

27/05/201811/12/2019
by Benjamin Filaferro

This week the spotlight is once again on the UAE where the Cabinet has announced two key investment rule changes. Under the changes, ownership of Emirati companies by foreign entities in the mainland will be allowed. Previously this was only allowed in the free zones. The change will come into effect in the third quarter of this year. The Cabinet also approved a new long-term visa system aimed at attracting international investors and high-skilled professional workers. Investors, scientists, doctors, engineers, entrepreneurs and innovators will be able to apply for a 10-year visa.

We have been delighted to include analysis of this important legislative and regulatory development from BSA Ahmad Bin Hezeem & Associates LLP and K&L Gates LLP, and their insights can be viewed under the Commentary section of our website.

Jordan: Income Tax Law Amendments Approved

27/05/201811/12/2019
by Benjamin Filaferro

The Jordanian Cabinet has approved a draft law amending the 2014 Income Tax Law, Jordan Law No 34/2014. The draft law aims to address income tax avoidance and evasion. It is also aimed at improving tax administration, enhancing the voluntary commitment of taxpayers and expanding the tax base. It will now be sent to Jordan’s Lower House for consideration in an extraordinary session.

Qatar: Third Version of the Class Licence for Short Range Devices Issued

27/05/201811/12/2019
by Benjamin Filaferro

Qatar’s Communications Regulatory Authority has announced it has issued the third version of the Class Licence for Short Range Devices. The issuing of the licence follows a public consultation in 2017 and will allow stakeholders to introduce new technologies and devices in the market. It will also allow them to prepare better for demands in the future. The new class licence includes new frequency bands for Short Range Devices for a wide range of M2M applications and a separate section for wireless access systems which includes radio local area network and radio microphone applications. It also includes the corresponding authorised frequency ranges and the maximum allowed output power. Anyone who gets this licence will be able to possess, install and operate for their personal use the approved class of devices at prescribed frequencies without having to apply for one. Those who are using them for non-commercial purposes will not have to pay licence or spectrum fees, but if they are using them for commercial purposes they will need to obtain import and type approvals from the Authority.

Weekly Spotlight: UAE Arbitration Law Finally Published

20/05/201811/12/2019
by Benjamin Filaferro

This week the spotlight is firmly on the UAE where the long-awaited and much anticipated Arbitration Law has been published. Federal Law No. 6/2018 on Commercial Arbitration has not yet been Gazetted but it has been priority requested from our publishing partners, SADER Legal Publishing and we will keep you updated on its progress. The Law will replace the arbitration provisions in Federal Law No. 11/1992. We have been delighted to include analysis of this important legislative development from Afridi & Angell, Al Tamimi & Company and Hogan Lovells and their insights can be viewed under the Commentary section of Lexis Middle East Law (www.lexismiddleeast.com).