Newsletter Archives - Page 29 of 243 - LexisNexis Middle East

Kuwait: Introduces New Service to Access Constitutional Court Rulings

21/02/202521/02/2025
by Tanya Jain

Arab Times, 13 February 2025: The Justice Ministry has unveiled a new service, allowing users to access the Constitutional Court’s rulings via the unified government e-services application, “Sahel.”

Available in the Constitutional Court section of the app, it offers a swift and efficient method for reviewing significant judicial decisions.

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Fujairah: All Government Employees to Receive Comprehensive Health Insurance

21/02/202521/02/2025
by Tanya Jain

Khaleej Times, 12 February 2025: In a move to enhance employee welfare, all government employees in Fujairah will now receive health insurance coverage.

This initiative is part of a decision by the Crown Prince of Fujairah to implement a comprehensive health insurance system for all workers across local government institutions and departments.

Bahrain: Parliament Approves Immediate Housing Allowance Plan

21/02/202521/02/2025
by Tanya Jain

The Daily Tribune, 12 February 2025: Bahrain’s Parliament has approved a proposal to eliminate the five-year waiting period for housing allowance payments, allowing families to receive financial support as soon as their applications are approved.

The initiative, described as long overdue, addresses the rising cost of living and aims to provide immediate relief to families, particularly newlyweds, who struggle with rent while awaiting assistance.

The current system, which requires applicants to wait five years before receiving any financial aid, has been criticised as an unnecessary burden on those already facing financial difficulties.

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Ajman: Enforces Stricter Penalties for Veterinary Violations

21/02/202521/02/2025
by Tanya Jain

Khaleej Times, 14 February 2025: Ajman Municipality has implemented a comprehensive plan to ensure veterinary facilities comply with federal regulations through regular inspection campaigns.

Veterinary establishments are required to dispose of expired products safely via accredited companies within three months of expiration.

In collaboration with the Ministry of Climate Change and Environment, the municipality has emphasised regulatory compliance and environmental safety.

Violators face fines from Dh10,000 to Dh500,000 under Federal Law No. 9/2017.

The municipality also mandates proper documentation, including valid licenses and contracts for pest control and safe disposal.

Key directives include restricted pesticide use and sourcing medicines from approved suppliers.

Non-compliance may lead to fines, product confiscation, or facility closure.

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Abu Dhabi: Eases Business Expansion Rules for Non-Local Firms

21/02/202521/02/2025
by Tanya Jain

Dubai Eye, 13 February 2025: Abu Dhabi’s Department of Economic Development has introduced new measures to facilitate business growth and expansion within the emirate.

The updated regulations allow companies registered in other emirates and their free zones to establish branches in Abu Dhabi without the requirement of a physical office for the first year.

A total of 1,200 economic activities across various sectors are exempt from the need for physical premises for one year from the date of their licence issuance.

Business owners from other emirates can apply for a new branch licence through the TAMM digital platform, which simplifies the process with online document submissions, approvals, and payments.

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Saudi Arabia: Health Ministry Enforces Compliance with Health Regulations

18/02/202518/02/2025
by Tanya Jain

Ajel, 12 February 2025: The Health Ministry has emphasised the necessity of full compliance with the approved regulations and laws regarding the practice of health professions, private health institutions, and pharmaceutical establishments and products.

The ministry has added that the Health Professions Practice System stipulates that a health practitioner must not engage in diagnostic and treatment methods that are not scientifically recognised or prohibited in the Kingdom.

It is also prohibited, except in cases specified by the executive regulations, for the practitioner to advertise themselves or promote themselves directly or through intermediaries.

The Private Health Institutions System also stipulates the prohibition of advertising health institutions except in accordance with the executive regulations and professional ethics, and it prevents the health practitioner from advertising themselves or using unapproved titles.

The Pharmaceutical Establishments and Products System states the prohibition of trading pharmaceutical and herbal products before registering them with the General Authority for Food and Drug, and that pharmaceutical product advertisements must comply with the regulations specified in the executive regulations.

Anyone who sells, dispenses, or possesses unregistered pharmaceutical products with the intent to trade is considered in violation of this system.

The Health Ministry has stated that penalties in these cases include: a financial fine of up to 10 million riyals, imprisonment for up to ten years, closure of the establishment, and revocation of the licence (for the establishment and the practitioner).

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UAE: Announces Cabinet Decision on Introduction of Top-Up tax for Multinational Enterprises

13/02/202513/02/2025
by Hannah Gutang

The Finance Ministry has introduced Cabinet Decision No. 142/2024, detailing the new Top-up Tax for Multinational Enterprises, specifically the UAE Domestic Minimum Top-up Tax (UAE DMTT).

This follows a previous announcement made on 9 December 2024.

The UAE DMTT aligns with the GloBE Model Rules from the Organisation for Economic Co-operation and Development (OECD).

It targets entities within Multinational Enterprises (MNEs) operating in the UAE, with annual global revenues of €750 million or more, as reflected in the Consolidated Financial Statements of the Ultimate Parent Entity for at least two of the four financial years preceding the applicable financial year.

The tax offers relief through a Substance-based Income Exclusion, which reduces the net Pillar Two income subject to the UAE DMTT.

This is calculated based on payroll and the carrying value of tangible assets to determine Excess Profit for tax computation.

In line with the GloBE Model Rules, the UAE DMTT includes a de minimis exclusion, allowing an entity’s UAE DMTT to be zero if specific criteria are met.

To enhance the UAE’s appeal as an investment hub, Investment Entities, as defined by these rules, are excluded from the UAE DMTT.

As a transitional measure to foster economic growth, the UAE DMTT will not be applied during the initial phase of an MNE Group’s international activity, provided no ownership interests in UAE entities are held by a parent entity subject to a Qualified Income Inclusion Rule in another jurisdiction.

The UAE DMTT should be interpreted according to the OECD’s Commentary and Administrative Guidance.

Cabinet Decision No. 142/2024 can be accessed on the UAE Legislation’s website: www.uaelegislation.gov.ae/en.

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Saudi Arabia: Government Entities Exempted From Fines on Violations

13/02/202513/02/2025
by Hannah Gutang

Agraam, 8 February 2025: A royal decree has been issued in Saudi Arabia, exempting government entities from penalties and fines associated with violations of municipal licensing regulations.

These entities are required to address and rectify the violations within one year from the date of the decree.

The decree also authorises the Municipalities and Housing Minister to extend the exemption period for an additional year.

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Qatar: Central Bank Introduces Real Estate Development Escrow Account Guidelines

13/02/202513/02/2025
by Hannah Gutang

The Peninsula, 10 February 2025: Qatar Central Bank (QCB), in collaboration with the Real Estate Regulatory Authority – Aqarat, has announced new guidelines for the creation and management of real estate development escrow accounts.

This initiative is part of QCB’s ongoing efforts to regulate banks’ interactions with escrow accounts specifically for real estate development, ensuring a structured and supervised approach.

The guidelines aim to streamline the operation of escrow accounts, facilitate necessary approvals, and manage off-plan sales effectively.

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Oman: Shura Council Approves Draft Telecommunications and IT Regulatory Law

13/02/202513/02/2025
by Hannah Gutang

Oman Observer, 10 February 2025: The Majlis Ash’shura has given its approval to the draft telecommunications and information technology regulatory law, which was submitted by the government.

This draft law, comprising 10 chapters and 56 articles, is designed to regulate the telecommunications sector and its related services.

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