LexisNexis Middle East

UAE: Regulations to Federal Decree-Law on Commercial Register Approved

12/07/202212/07/2022
by Benjamin Filaferro

Al Bayan, 7 July 2022: The UAE’s Cabinet has approved the Implementing Regulations to the Federal Decree-Law on the Commercial Register (Federal Decree-Law No. 37/2021).

The regulations will ensure the provision of a comprehensive national economic database on economic activities and links with all licensing authorities in the country, including free zones.

It will also ensure the commercial registry is linked with the economic registry in the Ministry of Economy.

The Cabinet also approved a new Financial Leasing Law.

The aim is to expand the base of financing and lending in the country through financial leasing operations.

The Law states the Central Bank will be responsible for regulating, licensing and supervising the financial leasing activity practiced by banks and companies subject to regulation by it in line with the legislation in force in the country.

In addition, the Cabinet has approved a Decision linking UAE commercial banks with the Afaq payment system. For full story, click here.

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News developments

UAE: Amendments to Tax Regulations Approved

12/07/202212/07/2022
by Benjamin Filaferro

The UAE’s Cabinet has approved various amendments to tax regulations.

They are aimed at improving the business and investment environment.

They approved an amendment to the Federal Tax Procedures Law (Federal Law No. 7/2017). The amendment will allow an approximation to be created and align with the corporate tax law.

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

Qatar: Tourism Legislation Amendments Approved

12/07/202212/07/2022
by Benjamin Filaferro

The Peninsula, 6 July 2022: Qatar’s Cabinet has approved amendments to Qatari tourism legislation.

They have approved amendments to Qatar Law No. 20/2018 on tourism, Qatar Law No. 21/2018 on business events and Qatar Emiri Decision No. 15/2021 on the establishment of Qatar Tourism.

In addition, they approved a draft agreement on the mutual exemption from entry visa requirements for holders of diplomatic, special, official and ordinary passports between Qatar and Mongolia.

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

Kuwait: Law on Appointments in Oil Sector Amended

07/07/202207/07/2022
by Benjamin Filaferro

Alanba, 4 July 2022: Kuwait’s Human Resources Development Committee has approved a proposal from a Kuwaiti MP to amend the law of appointment of graduates in the Oil Sector by dividing the employment process into two parts.

The first part will be an accumulative process where candidates are accepted by adding up the highest mark from the personal interview, the language exam, the university average and the intelligence test.

The second part will involve a two month training session with weekly tests and the candidate must pass the exam with at least 70%.

The aim of the proposal is to achieve fairness, equal opportunities and save time in qualifying competent engineers.

For full story, click here.

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News developments

Meet our Platinum Sponsors of the Qatar Business Law Forum Conference 2022 – 7th Edition!

07/07/202207/07/2022
by Benjamin Filaferro

LexisNexis Middle East is pleased to announce that K&L Gates, Al Sulaiti Law Firm (LexisNexis Exclusive Law Firm Partner in Qatar), and Hamad Al Yafei Law Firm will be participating as Platinum Sponsors at the Qatar Business Law Forum Conference 2022 – 7^th Edition being held on 12 October 2022.

The conference is specifically designed for in-house counsel and will cover the latest legal developments and trends in Qatar. 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 12 October 2022 in Doha, Qatar. For more information, visit: www.qatarbusinesslawforum.com.

News developments

Qatar: New Heat Stress Legislation Issued

06/07/202206/07/2022
by Benjamin Filaferro

Al-Sharq, 4 July 2022: Qatar’s Labour Ministry has issued new heat stress legislation in the country.

The new legislation is aimed at employers and includes a number of innovative procedures.

It obliges employers to protect the health of workers and provide healthy and safe workplaces.

It requires employers to prepare a risk assessment in order to mitigate the risk of heat stress and assign the main contractor the responsibility of coordinating measures to mitigate the effects of heat stress in the event of multiple employers doing business at one site at the same time and obliging them to coordinate and cooperate together in this regard.

For 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

Meet our Partners for the Qatar Business Law Forum Conference 2022 – 7th Edition!

05/07/202205/10/2022
by Benjamin Filaferro

LexisNexis Middle East is pleased to announce that the Qatar International Court and Dispute Resolution Centre – QICRDC (LexisNexis Strategic Alliance Partner), the Ministry of Commerce and Industry (Department of Legal Affairs), the Qatar Lawyers Association (QLA), and the Qatar International Center for Conciliation and Arbitration (QICCA) will once again partner with us at the Qatar Business Law Forum Conference, Awards Ceremony & Gala Dinner 2022 – 7^th Edition being held on 12 October 2022.

The conference is specifically designed for in-house counsel and will cover Qatar’s latest legal developments and trends. It will be held in English and Arabic (simultaneous translation). The Awards Ceremony recognises exceptional achievements from within Qatar’s legal community.

We hope you will join us for this unique and exclusive opportunity to meet existing and potential clients on 12 October 2022 in Doha, Qatar. For more information, visit www.qatarbusinesslawforum.com.

News developments

Dubai: Golden Visa to be Offered to Exceptional Students

04/07/202204/07/2022
by Benjamin Filaferro

Khaleej Times (United Arab Emirates), 3 July 2022: Dubai’s Crown Prince has announced they have launched an initiative to recognise, reward and retain outstanding high school students.

Exceptional students will be given Golden Visas and scholarships. The scholarships will be given to the top Emirati Grade 12 students. The Golden Visa will be given to exceptional expatriates and their families.

Financial rewards will be given to 50 high school students as well.

Scholarships to study in UAE-based or international universities will be offered to Emiratis. Outstanding expatriate students will be given discounts to pursue their higher education in international university branches in Dubai.

A unified system will be established to help choose students from private and public schools following various curricula, including the UAE ministerial curriculum and the American, British, and International Baccalaureate.

The aim is to motivate high school students to excel.

The first batch of exceptional students will be honoured in September 2022.

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

Out Now! MENA Business Law Review No. 02/2022

04/07/202205/07/2022
by Benjamin Filaferro

The MENA Business Law Review No. 02/2022 is brought to you by LexisNexis Middle East and features articles in Arabic, English, and French. In this issue of the MENA Business Law Review:

FIFA World Cup Qatar 2022: Legislative Developments, by Khadeja Al-Zarraa of Al-Ansari & Associates
The UAE’s New Corporate Tax Regime, by Mourad Chatar of Value Square and Ilias Paraskevopoulos
[Arabic] Highlights of Buy-Back Contracts (Repo Agreement): A Comparative Study, by Dr. Zain Al Abdin Sharar of QICDRC
A New Era: English Language Litigation in the Kingdom of Bahrain, by Jodie Martyndale-Howard of Charles Russell Speechlys
Fully Booked: A Return to Form for the Middle East Hospitality Sector, by Llowri Lwydd and Oliver Stevens of Addleshaw Goddard
[French] Affaire Bank Melli Iran versus Telekom Deutschland GmbH, by Maryam Sodayreh
Legislative Insight: Oman’s Crowdfunding Regulations, by Maria Mariam Rabeaa Petrou and Alaa Al Hinai of SASLO
Case Comment by David Russell QC of Outer Temple Chambers: The Industrial Group Ltd v. Abdelazim El Shikh El Fadil Hamid

Get your copy here!

News developments

Qatar: Draft Tax Exemptions for Qatar 2022 Approved

04/07/202204/07/2022
by Benjamin Filaferro

Gulf Times, 29 June 2022: Qatar’s Cabinet has approved a draft Ministerial Decision on tax and customs exemptions for hosting the FIFA World Cup Qatar 2022.

They also approved a draft Ministerial Decision specifying additional refund cases for excise tax.

They also approved a draft Cabinet Decision to reorganise the National Committee for Occupational Safety and Health.

In addition, they approved a draft Ministerial Decision to issue forms of contract or document establishing private charitable associations and institutions and their respective statutes.

Finally, they approved a draft Ministerial Decision establishing a Tender and Auctions Committee in the relevant Ministry. Also reported in Al-Sharq on 29 June 2022.

For full story, click here.

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