LexisNexis Middle East

Oman: Business Incentives To Rectify Multiplicity of Registers to be Launched

14/06/202114/06/2021
by Benjamin Filaferro

Oman’s Commerce, Industry and Investment Promotion Ministry is going to launch a raft of business incentives to rectify multiplicity of register issues.

They will be launched on 15 June 2021.

Under the incentives, affected entities will have one year to clear multiple entities or merge them within six months.

The aim is to streamline the process of status adjustment for these entities and encourage young people and owners of multiple commercial registers to clear or merge their businesses.

It is also aimed at eliminating this phenomenon, regulating the market, improving the business climate, allowing competition and removing inactive commercial registers from incentive packages and fee exemptions.

A file cancellation may be processed electronically through the Invest-Easy portal or through Sanad Centres.

The relevant documents will have to be attached.

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News developments

Kuwait: Tougher Recruitment Restrictions for Government Jobs Announced

13/06/202113/06/2021
by Benjamin Filaferro

Gulf News (United Arab Emirates), 10 June 2021: Kuwait’s Civil Services Commission has announced tougher recruitment restrictions for foreigners in Government jobs.

Under the restrictions, the appointment of non-Kuwaitis is restricted to health workers and teachers in specialisms where there are no citizens to fill vacancies.

The Commission has rejected requests by some Government agencies to recruit non-Kuwaitis. In some cases, they have also nominated Kuwait citizens for the vacant positions.

The Commission has considered these requests advertisements for vacancies in those agencies.

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News developments

Saudi Arabia: Proposal to Allow Foreigners to Own Property Submitted

13/06/202113/06/2021
by Benjamin Filaferro

Saudi Gazette, 10 June 2021: Saudi Arabia’s Shoura Council has submitted a proposal, which if approved, will allow foreigners to own property in the country.

However, they would only be able to do so in line with specific conditions.

They have submitted it to the Real Estate General Authority.

They have also urged the Authority to monitor the governance of entities it regulates including the Saudi Real Estate Institute, the Saudi Centre for Real Estate Arbitration and the Centre for Research and Studies.

In addition, they have asked the Authority to boost its supervisory role in all of its work and work with the relevant authorities to ensure stability in the real estate sector and reduce risks which may occur in the real estate market.

They should prepare its annual report in line with the Royal Decree regarding the rules for preparing annual reports for Ministries, Institutions and Government agencies as well.

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News developments

Dubai: Government Regulations Must be Cut by 30%

13/06/202113/06/2021
by Benjamin Filaferro

Gulf News (United Arab Emirates), 9 June 2021: Dubai’s Crown Prince and Executive Council Chairman has issued instructions for Government regulations to be cut by 30% by September.

The aim is to make it easier to do business in the Emirate.

The instructions have been issued in line with the UAE’s Vice- President and Prime Minister and Dubai Ruler’s goal to support the private sector in the Emirate by simplifying procedures to boost the Emirate’s competitiveness and increase its attractiveness to investors.

They also want to enable businesses to grow in the Emirate.

Also reported in Emaratalyoum on 9 June 2021. For full story see https://www.emaratalyoum.com/local-section/other/2021-06-09-1.1499948.

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News developments

Qatar: Food Safety Practices Guide for Food Services Published

10/06/202110/06/2021
by Benjamin Filaferro

The Peninsula, 7 June 2021: Qatar’s Public Health Ministry has issued a Food Safety Practices Guide for Food Services.

They have been issued in line with international best practices in food safety and the requirements of the relevant Gulf standards.

They were prepared by the Ministry’s Department of Food Safety and Environmental Health together with international consultants.

They are aimed at helping food services in the country comply with Qatari laws and regulations to ensure food product safety.

It provides detailed instructions on mandatory legislative requirements to be met as well as food hygiene and safety measures based on the HACCP approach.

They will be reviewed and evaluated by the Department of Food Safety and Environmental Health inspectors during official inspections.

It also contains proposed control measures for food service establishments to ensure they comply.

There are three chapters. The first chapter outlines the pre-requirements including establishment requirements, equipment, pest control, staff, hygiene and disinfection. The second chapter includes requirements for control processes from food preparation to displaying, packaging, data development, and sampling. The third and final chapter discusses the food safety requirements which include food traceability, recalls, non-compliance and complaint processing.

It is expected to be enforced within a year and feedback has been sought.

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News developments

UAE: Central Bank Introduces Whistleblowing Portal

08/06/202108/06/2021
by Benjamin Filaferro

The UAE’s Central Bank has announced it has launched a new whistleblowing portal to allow internal and external stakeholders to anonymously raise any concerns related to misconduct or policy violations by Central Bank employees, contractors and representatives.

It will allow employees and external stakeholders, like financial institutions, vendors and the public, to voice their concerns around misconduct without fear of reprisal.

It also allows comprehensive information around a relevant concern to be shared. This will include the attachment of files and documents in support of a particular claim.

It has been introduced as part of the Bank’s implementation of its Code of Conduct.

It aims to address alleged illegal and unethical practices by taking the necessary action in a timely way.

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News developments

Kuwait: Development Plan Tax Rejected

08/06/202108/06/2021
by Benjamin Filaferro

Alqabas, 6 June 2021: A Kuwaiti MP and member of the Financial Committee has announced the Committee has rejected a proposed development plan tax.

They added the Committee rejected the points related to the unified tax procedures law, amending fees for using public facilities and services and applying the tax law on selective commodities.

They went on to say the Committee will not accept any law which could add more fees on nationals.

For full story click here.

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News developments

Saudi Arabia: Justice Ministry Launches Labour Calculator Service

07/06/202108/06/2021
by Benjamin Filaferro

Al Riyadh, 3 June 2021: Saudi Arabia’s Justice Ministry has announced it has launched a labour calculator service.

It is aimed at ensuring speedier settlement of disputes.

It is also aimed at boosting human rights awareness among labour groups, making the application of the labour system and its regulations easier in terms of rights and financial disputes and improving the accuracy of the results of calculations related to labour rights.

It will help judges, parties in a case and workers in case preparation.

For full story see https://www.alriyadh.com/1888920.

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News developments

Dubai: Utico to Issue Region’s First Utilities Sustainability Sukuk

07/06/202107/06/2021
by Benjamin Filaferro

Oman Daily Observer, 3 June 2021: Dubai-based Utico has announced it is going to issue the region’s first utilities sustainability Sukuk.

It follows the company being given an international sustainability rating for its benchmark Sukuk from DNV UK.

It will be the first Sustainability Private Corporate Sukuk of its kind in the region and will be issued in the next few weeks.

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Uncategorized

Turkey: Heavy Duty Vehicles Ban Announced

03/06/202103/06/2021
by Benjamin Filaferro

Hurriyet Daily News, 3 June 2021: Turkey’s Transportation Coordination Centre has issued a Decision banning heavy duty vehicles from the D-100 and TEM highways surrounding Istanbul.

These vehicles will use the Northern Marmara Highway instead to make their intercontinental freight transport journeys.

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