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UAE News developments

DIFC: Amendments To The Financial Markets Tribunal’s Rules of Procedure

  • 10/05/202410/05/2024
  • by Tanya Jain

The Financial Markets Tribunal (FMT) has issued revised Rules of Procedure of the FMT (FMT Rules) which came into force on 2 May 2024.

The FMT Rules have been amended and now cover various aspects, including the form and content of pleadings, document disclosure by the Dubai Financial Services Authority (DFSA), procedures for preventing decision publication and requesting private hearings.

There are also rules for suspending referred decisions pending proceedings, conducting hearings in the absence of a party under certain conditions, and striking out proceedings for non-compliance with FMT Rules, including automatic dismissal for failure to comply with an exception rule by the FMT.

The President of the FMT has prepared an explanatory memorandum explaining the main changes that have been made to the FMT Rules and the purpose of the changes.

FMT Form 1 (Reference Notice) has also been revised to reflect the relevant changes.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

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            Expired
        LexisNexis Breakfast Seminar: Corporate Governance | 23 May 2024 | 8:30 AM – 11:00 AM

Expired LexisNexis Breakfast Seminar: Corporate Governance | 23 May 2024 | 8:30 AM – 11:00 AM

  • 09/05/202409/05/2024
  • by Vincent Slingerland
We're sorry, but all tickets sales have ended because the event is expired.

  • LexisNexis Breakfast Seminar: Corporate Governance | 23 May 2024 | 8:30 AM - 11:00 AM
     23/05/2024
     8:30 AM - 11:00 AM

  REGISTER HERE   OVERVIEW Join us for an enlightening morning at the Waldorf Astoria Hotel DIFC in Dubai, as LexisNexis presents a Breakfast Seminar on Corporate Governance in the UAE. Set to commence promptly at 9 am, this seminar promises to be an insightful exploration into the intricacies of corporate governance within the UAE (more…)

UAE: Green Residency Visa Regulations News developments

UAE: Green Residency Visa Regulations

  • 03/05/202403/05/2024
  • by Tanya Jain

Emaratalyoum, 30 April 2024: The UAE Digital Government has announced that the country will offer a green residency visa to investors engaged in local commercial activities.

The green residency is for investors or partners in commercial activities, lasting five years without a guarantor and subject to renewal.

It replaces the previous two-year investor’s residency with simpler requirements and more benefits.

The requirements for a green residency visa for investors include obtaining investment approval, proof of investment/partnership value, meeting the prescribed percentage of total capital invested, approval from local authorities, and a license to practice the activity.

The green residency includes three categories: for skilled workers, self-employment, and investors or partners in commercial activities.

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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You can also explore the legal landscape by subscribing to our Weekly Newsletter.

Sharjah: Fish Resources Policy Discussed News developments

Sharjah: Fish Resources Policy Discussed

  • 03/05/202403/05/2024
  • by Tanya Jain

Al Wahda, 29 April 2024: The Consultative Council in the Emirate of Sharjah will hold its ninth session on 2 May 2024 as part of its 11th legislative term.

The agenda includes a discussion on the Sharjah Fish Resources Authority’s policy.

For the full story, click here.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

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UAE News developments

Dubai: Strategy for Accelerating AI Adoption

  • 03/05/202403/05/2024
  • by Tanya Jain

Al Watan, 30 April 2024: The Crown Prince of Dubai and Chairman of the Executive Council have launched Dubai’s annual plan to accelerate the integration of AI technology and applications.

Dubai’s annual plan to accelerate the adoption of artificial intelligence aims to enhance the quality of life across all sectors by integrating AI technology.

The plan also aims to create laws for using AI in different sectors, focusing on governing AI so advanced tools can be used in key areas for positive impacts, benefiting humanity and the quality of life.

For full story, click here.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

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

UAE: President Orders Study of Infrastructure After Heavy Rains News developments

UAE: President Orders Study of Infrastructure After Heavy Rains

  • 26/04/202426/04/2024
  • by Tanya Jain

Khaleej Times, 17 April 2024: The president of the UAE has stated that the safety of citizens and residents is the country’s top priority and ordered a study of the country’s infrastructure.

The president has also directed that support be given to all families affected by the severe weather conditions, and ordered the transfer of the affected to safe locations in cooperation with local authorities.

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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You can also explore the legal landscape by subscribing to our Weekly Newsletter.

UAE News developments

Dubai: Government Employees Should be Paid Early

  • 26/04/202426/04/2024
  • by Tanya Jain

Khaleej Times, 21 April 2024: The Dubai government has ordered government employees be paid early this month.

They have ordered salaries be paid on 23 April 2024.

The government issued the order following heavy rains in the Emirate on 16 April 2024.

The order applies to government employees, military personnel, military retirees and social assistance holders affiliated with the Dubai government.

The payments will be made early to help employees manage their family needs and ensure their well-being during this period.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

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

UAE: Volunteering Leads to a Golden Visa News developments

UAE: Volunteering Leads to a Golden Visa

  • 19/04/202419/04/2024
  • by Tanya Jain

Khaleej Times, 14 April 2024: Volunteering in the UAE offers benefits, such as eligibility for a UAE Golden Visa, granting a 10-year residency permit.

There are a number of platforms which provide access to volunteering opportunities. These include Volunteers.ae which connects volunteers with organizations nationwide. Registration is open to individuals, teams, or companies. Users can also search for opportunities by category, organisation, or location, and see required volunteers and eligibility criteria.

Another site includes the UAE Red Crescent Authority, which is part of the International Federation of Red Cross and Red Crescent Societies, and is found athttps://www.emiratesrc.ae/. Opportunities include charity, humanitarian aid, sponsorships, donations, and Sukuk Al Khair. Volunteers can also access training courses and support initiatives like Ataya.

The National Volunteer Program for Emergencies, Crisis, and Disasters, has also launched by the National Emergency Crisis and Disasters Management Authority (NCEMA). It aims to train volunteers to respond during crises. Details on programme participation and course registration can be found athttps://www.ncema.gov.ae/en/home.aspx.

In addition, the Dubai Volunteering Centre is a government body, which oversees volunteering in the UAE and focuses on Dubai. Volunteering opportunities can be found at https://www.cda.gov.ae/DubaiVolunteer/. Individuals or companies can register to volunteer with them.

The Sharjah Volunteering Centre is the largest volunteer network in Sharjah. it is possible to registration with it at https://sssd-volunteer.shj.ae/register. They offer programme and workshops to train volunteers and list opportunities across Sharjah, searchable by city and institution.

Dubai cares is a civil society organisation which if formally affiliated to the United Nations Department of Global Communications. It is possible to sponsor or volunteer for initiatives with them. Details such as country, partner, and date of each of their programmes are available at: https://www.dubaicares.ae/.

The Authority of Social Contribution (Ma’an) in Abu Dhabi promotes a volunteering community via their website https://maan.gov.ae/en/ . Through Ma’an, volunteer groups and organisations can contribute via donations, volunteering, and corporate social responsibility initiatives. The platform facilitates volunteer applications based on individual goals and allows organisations to recruit volunteers.

Volunteering at events often earns you volunteering hours and can even lead to applying for a Golden Visa if you’re a pioneer in humanitarian work.

In order to be eligible for a Golden Visa as a result of volunteering it is necessary to meet the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) criteria. This includes having worked for at least five years in international or regional organisations, or have been an distinguished worker there.; having been a member of a public benefit associations or institutions for at least five years, or having been a distinguished worker in one of these bodies; having received an award for recognition from a local, regional, or international institutions which focuses on humanitarian work; having been a distinguished volunteer in humanitarian work for at least five years or having completed 500 volunteer hours; or having supported humanitarian work financially with at least 2 million AED or the equivalent in another currency.

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/.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

Sharjah: UAE Pass for Property Deeds News developments

Sharjah: UAE Pass for Property Deeds

  • 19/04/202419/04/2024
  • by Tanya Jain

Khaleej Times, 14 April 2024: Sharjah’s Real Estate Registration Department (SRERD) has linked ownership and usufruct deeds to the UAE Pass.

The government department has become the first in the region to offer this service.

The Department’s customers will be able to download various deeds, such as ownership and private benefit deeds, through the UAE app on their mobile phones. The app will also allow users to access the services of local and federal government agencies in a simplified and secure manner without the need to visit government service centres.

SERD’s director-general has stated that this new service will be line with the directives from Sharjah’s Executive Council for digital transformation.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

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

Lexis Middle East Law Alert: January/ February 2024 Edition News developments

Lexis Middle East Law Alert: January/ February 2024 Edition

  • 15/04/202415/04/2024
  • by Tanya Jain

Welcome to the March – April 2024 issue of Lexis Middle East Law Alert, where we shed light on the legal dynamics of the region through thorough analysis and expert perspectives. In this issue, we embark on a journey through the ever-changing landscape of law, uncovering significant developments, landmark cases, and emerging trends that shape the legal framework of the Middle East.

From the complexities of privatisation in Saudi Arabia to the evolving regulations in advertising across Kuwait, our features offer valuable insights into key sectors and legal domains. We delve into case studies, scrutinise legislative updates, and offer practical guidance from esteemed legal experts, equipping our readers with the knowledge to navigate the intricacies of today’s legal landscape.

FEATURE: THE PATH TO PRIVATISATION

Madawi Mohammed Alfawzan of Mohammed Alaqeel & Co Law Firm sheds light on the recently issued implementing regulations and guidelines of the Saudi Arabian Privatisation Law. Explore how these regulations are paving the way for a smoother journey towards privatisation.


FEATURE: FOCUS ON ADVERTISING

Noura Al-Yaqout of Al Yaqout and Al Fouzan Legal Group examines the impact of new advertising regulations in Kuwait. Discover the key changes and their implications for businesses in promoting their products.


FEATURE: CASE FOCUS

Delve into a case involving a letter of intent, unraveling the legal intricacies surrounding this crucial aspect of business agreements.


IN-HOUSE PROFILE

Meet Robin Singh, Head of Regulatory Affairs and Privacy at Abu Dhabi Health Services Company (SEHA), as he navigates uncharted waters in healthcare amidst advancing technology.


DISPUTE RESOLUTION FOCUS

  • Contractual Termination: Sadique Mohd and Gago Rigga of Al Aidarous provide insights into contract termination in construction contracts.
  • Arbitration Focus: Sadique Mohd and Safia Abdalla of Al Aidarous explore the pitfalls of construction arbitration.
  • ADGM Expansion: Waleed Hamad and Myriam Simon of Al Aidarous analyse the legal implications of the ADGM Court’s Jurisdictional expansion and coverage of Al Reem Island.

MOVERS AND SHAKERS

Check out our latest round-up of the top movers and shakers from the world of legal appointments and promotions, brought to you by Jameson Legal. Who is been promoted, who is been appointed, and who is moving on?


CONTRACT WATCH: ARBITRATION CLAUSES

Contributor Aiman A Khair, Legal Counsel at Qatar Stock Exchange, offers insights into derivative contracts in our Contract Watch segment.


Thanks to Jameson Legal for supporting individuals and businesses, and Al Aidarous for keeping us updated on dispute resolution cases.

Lexis Middle East Law Alert_March April 2024

Explore the past editions of the Lexis® Middle East Law Alert and stay up-to-date with the latest news! Click the links below for instant access to older editions.

Lexis Middle East Law Alert January-February 2023
Lexis Middle East Law Alert March-April 2023
Lexis Middle East Law Alert_May June 2023

Lexis Middle East Law Alert_July August 2023

Lexis Middle East Law Alert_January-February 2024

TAX AND FINANCE ROUND-UP

Get updated on the taxation of foreign banks in Dubai and other key developments in the region’s tax and finance landscape. We provide an in-depth analysis of the significant developments influencing the financial landscape in the Middle East.


LEGAL ROUND-UP

Stay informed with our legal round-up, providing a comprehensive overview of recent developments across the region. Stay informed with our comprehensive legal round-up, covering significant developments such as the DIFC Digital Assets Law.


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

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