LexisNexis Middle East

UAE: Consultation Launched to Seek Views on Regulation of Money Laundering

24/11/202224/11/2022
by Benjamin Filaferro

Arabian Business, 22 November 2022: The UAE’s Public-Private Partnership Sub-Committee (PPPSC) has issued a draft report as a consultation paper, seeking comments and feedback from relevant stakeholders on a proposed regulatory approach to curb money laundering and terrorism financing activities.

The PPPSC has recommended a formal sharing agreement relating to strategic information and intelligence between the public and private sectors, as well as strict rules for confidentiality and data protection for information sharing.

For the full story, click here.

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News developments

Saudi Arabia: The Saudi National Information Technology Development Program Launches Lendtech

22/11/202222/11/2022
by Benjamin Filaferro

Aleqtisadiya, 20 November 2022: The Saudi National Information Technology Development Program has launched the LendTech initiative, which aims to support micro, small and medium-sized technology companies with funding to grow their businesses.

Medium companies will have a maximum financing option of 8.5 million Riyals, small firms 2.5 million Riyals and micro firms will have a maximum of 900,000 Riyals.

The initiative aims to close the financing gap faced by these companies so they can increase their contribution to the sector.

For the full story, click here.

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News developments

Dubai: Roadmap Targets Emission-Free Public Transport by 2050

21/11/202224/11/2022
by Benjamin Filaferro

WAM, 16 November 2022: The Dubai government has issued a roadmap setting out how the emirate intends to make public transport emission-free by 2050, in line with the UAE’s commitment to climate action.

The roadmap is based on a set of initiatives relating to infrastructure, the circular economy and green mobility, which aims to cut nearly eight million tons of carbon dioxide emissions, the equivalent of planting 132 million trees.

It consists of an integrated strategy to adapt to climate change, reduce greenhouse gas emissions and increase the deployment of clean energy vehicles.

The Roads and Transport Authority will also add electric and hydrogen vehicles to its fleet of public transportation buses, school transport, taxis and limousines.

The use of clean energy will be expanded to encompass buildings and facilities and recycle waste to support the circular economy.

The move expects to lead to financial savings of AED 3bn by 2050.

For the full story, click here.

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News developments

United Real Estate Company (URC) participates as a Gold Sponsor of the Kuwait Business Law Forum Conference 2022 – 6th Edition!

20/11/202224/11/2022
by Benjamin Filaferro

LexisNexis Middle East is pleased to announce that United Real Estate Company (URC) will participate as a Gold Sponsor at the Kuwait Business Law Forum Conference 2022 – 6th Edition held on 23 November 2022.

The conference is specifically designed for in-house counsel and will cover the latest legal developments and trends in Kuwait. It will be held in English and Arabic (simultaneous translation).

We hope you will join us for this unique and exclusive opportunity to meet existing and potential clients on 23 November 2022 in Kuwait City, Kuwait.

If you would like more information, you can click here.

News developments

Qatar: Registration Process for Prepaid SIM Cards Amended to Help World Cup Fans

17/11/202217/11/2022
by Benjamin Filaferro

Gulf Times, 16 November 2022: Qatar’s Communications Regulatory Authority has agreed with telecoms service providers to amend the registration process for getting a prepaid mobile SIM card to help fans attending the World Cup while maintaining regulatory requirements.

Fans can now apply for a SIM card online and verify their identity digitally by using the Hayya card, moving the need for them to visit mobile phone retail outlets.

Each fan can register for two cards, as can minors under the age of 18, provided they have parental permission.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

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News developments

The latest edition of the Lexis® Middle East – HR Alert is out now!

16/11/202229/04/2024
by Benjamin Filaferro

We are pleased to share the latest edition of our HR magazine, the Lexis® Middle East – HR Alert!

The HR Alert is a complimentary magazine that updates the latest labour and employment law developments and cases and advises on region-specific HR policies and templates.

It also includes interviews with leading regional HR professionals and guidance on the latest industry trends.

In this edition:

When I’m Sixty-Four: New Pensions Legislation in Qatar

On 3 January 2023, Qatar Law No. 1/2022 will introduce changes to the pension rights of all working Qatari nationals. Emma Higham of Clyde & Co explains their current understanding of the impact this will have on employers and employees

Quiet Quitting: Has this global trend reached the UAE?

Quiet quitting occurs when an employee decides that they will undertake the bare minimum to carry out their duties. Thenji Moyo and Naba Noor of Gateley UK LLP (DMCC Branch) talk about this trend in the UAE and positive ways to tackle it.

Immigration Focus: Recent GCC Immigration and Visa Changes

The dynamic team at Vialto Partners share the latest immigration and visa changes in the region, including the latest developments relating to the UAE Job Exploration Visas. From 3 October 2022, a new type of visa has allowed job seekers to enter or remain in the UAE without needing a sponsoring employer. It allows individuals to come to the UAE to look for work or investment and business opportunities without a sponsoring host.

Law Changes: Employee Share Schemes and Remuneration Developments in Saudi Arabia

The new Saudi Companies Law, which comes into effect in January 2023, brings with it changes to employee share schemes and directors’ remuneration as Richard Bell and Faisal Alassiri of Clyde & Co explain.

In an Ever-Changing World

Madelein du Plessis, HR and Finance Officer at RELX PLC in Dubai, explains the approach she has taken to support an ever-expanding team in a continually changing regulatory environment.

On the other hand, Raka Roy of Galadari Advocates & Legal Consultants explains how leave entitlements have changed under the new UAE Labour Law.

Equality Policies

Sarah Malik of SOL International Ltd shares pointers for employers on how they can ensure their equality policies cover all types of discrimination, bullying, harassment, assault, and any verbal, physical, or psychological harm to an employee in the workplace in order to be compliant with Federal Decree-Law No 33/2021 On the Regulation of Labour Relations.

Want to receive future editions? Subscribe here!

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

LexisNexis Middle East HR Alert – November 2022

Have you read the Lexis® Middle East HR Alert – June and September 2022 editions? Click the links below to access and read these editions.

LexisNexis Middle East HR Alert – September 2022

News developments

Advocates Group Academy participates as a Bronze Sponsor of the Kuwait Business Law Forum Conference 2022 – 6th Edition!

15/11/202216/11/2022
by Benjamin Filaferro

LexisNexis Middle East is pleased to announce that Advocates Group Academy will participate as a Bronze Sponsor at the Kuwait Business Law Forum Conference 2022 – 6th Edition held on 23 November 2022.

The conference is specifically designed for in-house counsel and will cover the latest legal developments and trends in Kuwait. It will be held in English and Arabic (simultaneous translation).

We hope you will join us for this unique and exclusive opportunity to meet existing and potential clients on 23 November 2022 in Kuwait City, Kuwait.

If you would like more information, you can click here.

News developments

Saudi Arabia: Institutions Permitted to Become Partners in Commercial Entities

15/11/202215/11/2022
by Benjamin Filaferro

Okaz, 14 November 2022: The Saudi Commercial Ministry has announced that institutions are allowed to enter as partners in companies of all kinds, with the aim of boosting growth in institutions’ investments and expanding company income.

The Ministry also indicated that companies will benefit from the experience of the institutions they enter into partnerships with.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

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

News developments

UAE: Employers Must Pay End-of-Service Rewards to Assistant Workers

15/11/202215/11/2022
by Benjamin Filaferro

Emaratalyoum, 13 November 2022: The UAE’s Human Resources and Emiratisation Ministry has confirmed that employers are required to pay end-of-year service rewards to assistant domestic workers at a rate of 14 days’ salary for each year of service.

The employee is entitled to the reward provided they have completed a year or more of service with their employer, and the sum will be paid once the contract or work relationship finishes.

The ministry also confirmed that the 19 professions within the scope of domestic service employment include sailor, guard, farmer, driver, and private trainer.

For the full story, click here.

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

News developments

Saudi Arabia: Initiate Launched to Implement Saudisation in Freight Brokering Sector

15/11/202215/11/2022
by Benjamin Filaferro

Almadina, 13 November 2022: The Saudi Transport General Authority has launched a Saudization initiative to support Saudi nationals in finding jobs in the transport and freight brokering sectors in the Kingdom.

The initiative will offer applicants training programmes with experienced specialists.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

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