Newsletter Archives - Page 3 of 243 - LexisNexis Middle East

Dubai: Launches Major AI Initiatives to Boost Digital Infrastructure

24/10/202524/10/2025
by Hannah Gutang

Gulf News, 19 October 2025: Dubai’s leadership has unveiled a comprehensive package of artificial intelligence projects, including a new infrastructure platform and acceleration taskforce, as part of the emirate’s latest digital advancement efforts.

At the heart of the new programme is an AI Infrastructure Empowerment Platform, which provides government departments with a secure, integrated digital environment for AI development and deployment. The platform combines advanced infrastructure with ready-to-use smart services, designed to streamline the implementation of AI-driven solutions across public sector operations.

Alongside this, officials have established a new AI Acceleration Taskforce following discussions with Chief AI Officers from 27 government entities. The task force emerged from consultations led by the local Centre for Artificial Intelligence and aims to enhance coordination between various government departments in their AI adoption strategies.

The third major component is the Unicorn 30 Programme, which has been created with input from 80 local and international firms. This initiative sets out to support 30 promising startups in their journey to achieve billion-pound valuations whilst maintaining their headquarters in the emirate. The programme encompasses ten distinct initiatives focusing on areas such as financing, growth strategies, and governance frameworks.

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Bahrain: Introduces New Regulatory Framework for Stablecoins

24/10/202524/10/2025
by Hannah Gutang

The Daily Tribune, 21 October 2025: The Central Bank of Bahrain (CBB) has implemented new regulations for cash-backed stablecoins through its Stablecoin Issuance and Offering Module, establishing strict requirements for stablecoin operators, including mandatory 1:1 cash reserves and full liquidity provisions.

Under the new rules, stablecoins must be backed by recognised central bank currencies, such as the US dollar or Bahraini dinar, and will be subject to CBB supervision. The regulations also set comprehensive standards for governance, compliance, and financial disclosure, with direct redemption requirements for token holders.

The regulatory development comes as Bahrain engages in discussions with more than 50 financial and investment firms, many specialising in cryptocurrency operations. Earlier this year, the central bank granted its first Category 3 licence for digital asset trading, enabling services including brokerage, custody, storage, and crypto infrastructure.

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Ajman: Launches New Digital Payment Services and Interest-Free Instalment Options

24/10/202524/10/2025
by Hannah Gutang

Kuwait Citizen, 16 October 2025: The Department of Finance in Ajman has unveiled two major payment innovations introducing local smart payment services through the ‘Jaywan’ card system and a new interest-free payment instalment scheme.

The department has integrated the UAE Central Bank’s ‘Jaywan’ national payment card with the ‘AjmanPay’ platform, offering residents an alternative to international payment networks. This card system provides comprehensive payment capabilities across ATMs, e-commerce platforms, and point-of-sale terminals.

Alongside this, the department has implemented a ‘Get it done now and pay later’ service, enabling customers to split government fee payments into monthly instalments without interest charges. The service also includes an option to defer payments for a specified period.

The department also showcased its new ‘Estidama system’ Smart Financial System at the exhibition. This cloud-based platform integrates four modules managing budgeting, initiatives, financial execution, and reporting for government operations.

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Abu Dhabi: New Regulatory Framework Unveiled for Professional Service Providers

24/10/202524/10/2025
by Hannah Gutang

Abu Dhabi’s financial district has implemented new comprehensive regulations governing legal, tax and company service providers, introducing stricter controls and professional standards effective immediately.

The Registration Authority has issued two key regulatory documents: the Commercial Licensing Regulations (Conditions of Licence and Branch Registration) Rules 2025 and the Commercial Licensing Regulations (Controlled Activities) Rules 2025, which replace the existing framework.

Under the new regulations, legal service providers must now appoint a managing partner with a minimum of eight years post-qualification experience. They are required to maintain a registered office in the financial district, obtain professional indemnity insurance, and submit annual returns to the Registration Authority.

The framework introduces tax services as a new controlled activity, requiring firms to ensure that at least 50 per cent of their senior management consists of qualified professionals. These providers must also secure professional indemnity insurance and adhere to specific operational principles.

Additional measures require company service providers to implement formal policies and procedures for managing conflicts of interest, marking a significant enhancement to governance standards.

The regulations take immediate effect for new applicants, while existing licence holders will benefit from transitional periods to ensure compliance with the updated requirements. This regulatory update represents the most substantial enhancement to professional service provider oversight in the financial district to date.

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Lexis Middle East HR Alert – October 2025 Edition

22/10/202522/10/2025
by Tanya Jain

Welcome to the October 2025 edition of the Lexis Middle East HR Alert, your essential update on the latest employment law and HR developments across the GCC and wider MENA region.

This month, we examine the far-reaching implications of Oman’s new personal income tax and what it means for employers. We also explore emerging regional trends such as pay transparency, new immigration and visa frameworks, and recent legal reforms affecting workplace compliance.

Stay informed, compliant, and connected with the developments shaping the future of HR in the region.

Happy reading!

This edition features a diverse range of content, including:

FEATURE: INCOME TAX: EMPLOYER ANGLE

Asrujit Mandal of BDO examines how Oman’s introduction of the GCC’s first personal income tax will affect employers, from payroll adjustments to compliance obligations.

TREND SETTER: PAY TRANSPARENCY

Ibrahim Mohamed of HAS Law Firm explores how international pay transparency trends, driven by recent US and EU legislation, could influence HR policies and legal frameworks across the GCC.

NEWS ROUND-UP: COVERING RECENT KEY DEVELOPMENTS – REGION-WIDE

A summary of the latest HR and employment law updates, including Oman’s new mandatory professional licensing requirements and other regional regulatory changes.

IMMIGRATION FOCUS: WORK PRMIT CLASSIFICATION

Ali Ibrahim of Vialto Partners breaks down Ministerial Decision No. 4602/1447, which introduces a new skill-based structure for Saudi work permits and its implications for employers.

LAW CHANGES: NEW AND PROPOSED MENA LAWS

A round-up of key legislative updates, including Bahrain’s new first aid law explained by Sama Ghareeb of Zu’bi & Partners, following Ministerial Decision No. 16/2025.

CASE FOCUS

Reem Elkordi of HAS Law Firm highlights a recent Dubai case addressing payment rights for suspended employees and its significance for HR and legal compliance.

MOVES AND CHANGES

A regional overview of the latest executive movements, leadership appointments, and HR leadership changes across key industries.

Enrich your understanding of the HR landscape and stay up-to-date with the latest trends, cases, and policies through the newest issue of Lexis Middle East – HR Alert.

For all the latest industry updates and developments, opt for a free HR Alert subscription!

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Lexis Middle East HR Alert_October 2025

Have you read the Lexis® Middle East HR Alert – previous editions? Click the links below to access and read these editions.

Lexis Middle East HR Alert_May 2025

Lexis Middle East HR Alert_July 2025

Lexis Middle East HR Alert_January 2025

HR PROFILE: THE SCALE OF THE CHALLENGE

Ida Mozayani, Vice President of Talent & Operations, Bain Middle East discusses her approach to scaling Bain’s regional operations while maintaining a strong, consistent organisational culture.

IN-HOUSE PROFILE: PRACTITIONER PERSPECTIVE

Mary Rintu Raju, NYK Law Firm looks at the UAE legal position where an employee works overseas on secondment or on a cross-border project.

POLICY POINTERS: COMMISSION

Sarah Khasawneh from Pinsent Masons along with Emma Noble & Jennifer Green shares guidance on managing commission structures effectively and ensuring compliance with regional employment laws.

UAE: Central Bank Gains New Powers Under Financial Stability Law

17/10/202517/10/2025
by Hannah Gutang

Gulf Today, 11 October 2025: The UAE has introduced sweeping new financial regulations, granting the Central Bank enhanced powers to intervene in troubled institutions and impose larger penalties for violations.

Federal Decree-Law No. 6/2025 establishes several key measures: Crisis Management Powers: authority to remove and appoint bank management, power to transfer or sell assets and obligations, ability to override shareholder rights, authority to implement forced mergers or liquidations and power to establish temporary entities for asset management.

Consumer Protection Measures: creation of “Sanadak” unified complaints system, establishment of specialised judicial committees, final binding decisions for disputes up to AED 100,000 and mandatory financial access requirements for institutions.

Enhanced Penalties: increased administrative fines, penalties up to ten times violation value, automatic deduction of fines from accounts and direct recovery powers from responsible individuals.

The law strengthens early intervention protocols, allowing the Central Bank to impose additional capital requirements, mandate recovery plans, and restructure troubled institutions’ operations.

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Sharjah: Introduces New Vehicle Impoundment and Towing Regulations

17/10/202517/10/2025
by Hannah Gutang

The Sharjah Executive Council has approved new regulations governing vehicle impoundment and towing services across the emirate.

Under the new framework, vehicle owners now have the option to pay a daily fee for early release of impounded vehicles, rather than serving the full impoundment period. The regulations establish specific timelines for when these daily fees begin, varying according to the type of violation.

The council has also implemented standardised towing fees and procedures for handling vehicles involved in accidents or requiring removal by authorities. The new system includes protocols for the rapid clearance of broken-down vehicles to maintain traffic flow and road safety.

Additionally, the council has ratified an agreement with taxi operators to establish unified operational standards across the emirate’s transportation network.

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Saudi Arabia: Reforms Accounting Law and Development Fund Regulations

17/10/202517/10/2025
by Hannah Gutang

Argaam, 14 October 2025: The Saudi Arabian Cabinet has approved significant amendments to two major financial frameworks: the Law of the Accounting and Auditing Profession and the operational regulations of the National Development Fund (NDF).

The approved modifications encompass both the professional standards for accountants and auditors, as well as revisions to the governing structure of the Saudi Organization for Auditors and Accountants. These changes establish new operational parameters for accounting professionals in the kingdom.

Simultaneously, the cabinet sanctioned updates to the NDF’s bylaws, marking a substantial revision to the fund’s operational framework. This follows the fund’s strategic restructuring initiated in March 2022, which positioned it as an integrated national financial institution.

The NDF has established specific financial targets through its network of development banks and affiliated funds.

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Qatar: Cabinet Approves New Limits for Small Business Tender Exemptions

17/10/202517/10/2025
by Hannah Gutang

Qatar Tribune, 9 October 2025: The Qatari Cabinet has approved changes to exemption limits for micro, small, and medium-sized enterprises (MSMEs) participating in government tenders.

The Cabinet also endorsed several international agreements, including: a mutual investment protection agreement with the Dominican Republic, membership in the WorldSkills Asia Organisation, a railway link agreement with Saudi Arabia and a development planning cooperation agreement with Kuwait.

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Oman: VAT Guidelines Issued for Firms Trading with GCC

17/10/202517/10/2025
by Hannah Gutang

The Arabian Stories, 13 October 2025: The Tax Authority has released new guidance detailing VAT procedures for Omani businesses engaged in regional trade with the UAE and other GCC nations, outlining specific measures to avoid double taxation.

The guidance presents two primary options for Omani companies purchasing goods from the UAE. Under the first option, businesses can arrange with UAE suppliers to treat transactions as export supplies, qualifying for zero-rated VAT status. This requires proper export documentation to comply with UAE tax regulations.

The second option addresses situations where VAT has already been paid, offering two recovery routes. Businesses can either obtain a credit note from their UAE supplier upon providing proof of export, or directly request a refund through the Business Visitor VAT Refund Form, provided they have no permanent establishment in the UAE.

The guidance outlines the documentation requirements and verification processes necessary for businesses to properly manage their VAT obligations. For export-related transactions, companies must maintain proper export declarations and supporting documentation to validate their zero-rated status claims.

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