Dubai Archives - Page 3 of 29 - LexisNexis Middle East

UAE: New Safety Guidelines for Travellers

14/08/202514/08/2025
by Hannah Gutang

Gulf News, 11 August 2025: The UAE’s Ministry of Foreign Affairs has released comprehensive travel safety guidelines for citizens and residents travelling abroad, accompanied by the launch of a 24-hour emergency support service.

The new guidelines emphasise the importance of adhering to destination countries’ specific travel regulations and local laws. Travellers are specifically instructed to monitor weather and road conditions throughout their journeys.

The Ministry has established a dedicated emergency hotline (00971 800 24) operating round-the-clock for UAE nationals requiring urgent assistance whilst abroad.

The official guidance notably recommends air travel as the preferred mode of transport, citing safety and comfort considerations. For those planning to drive abroad, the Ministry has stressed the need for increased vigilance and strict compliance with local traffic regulations.

Additional measures include a recommendation to arrange travel through established international tour operators and vehicle hire firms to ensure appropriate standards of safety and service.

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News developments

Dubai: SCA and VARA Unite to Create Single Virtual Assets Framework

14/08/202514/08/2025
by Hannah Gutang

Gulf News, 6 August 2025: The Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA) have established a unified regulatory framework for virtual assets across the UAE.

Key elements of the new framework include: Joint licensing and supervision mechanisms, Mutual recognition of licenses between Dubai and other emirates, Coordinated compliance monitoring, Real-time information sharing between authorities and Combined inspection and enforcement procedures.

The SCA has established a Coordinating Committee for Legislative Review to oversee the implementation. This committee will: Review existing virtual asset legislation, Propose new regulations, Align standards with international requirements, and Chair coordination between regulatory bodies.

The practical changes include: Centralised licensing procedures, Standardised rules across jurisdictions, Integrated regulatory processes, Combined risk assessment systems, Unified approach to anti-money laundering measures.

The agreement introduces shared digital infrastructure for regulatory processes and establishes joint task forces for ongoing coordination between the authorities.

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News developments

UAE: Securities Authority Announces Major Regulatory Updates

08/08/202508/08/2025
by Hannah Gutang

Gulf News, 4 August 2025: The Securities and Commodities Authority (SCA) of the UAE has unveiled four new regulatory initiatives to modernise the country’s financial markets, including frameworks for carbon credit trading and retail sukuk.

SCA Chief Executive announced that the authority is revising the Capital Market Authority Law to expand its oversight of emerging financial activities. The updates include new legislation for the public company division and standards for goodwill valuation in listed firms.

The authority has established a comprehensive framework for green bonds and sukuk issuance.

The regulatory package introduces specific requirements for carbon credit trading platforms, with operators required to develop their own operational rules within the prescribed framework. A draft regulation for retail sukuk is being finalised to enable fractional investment instruments.

The SCA has maintained its fee waiver for green bond and sukuk listings, whilst implementing new frameworks for tokenised securities and commodity contracts as part of its digital transformation agenda.

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News developments

Dubai: Metro Announces New Fines for Rule Breaches

07/08/202507/08/2025
by Hannah Gutang

Gulf News, 2 August 2025: Dubai’s Roads and Transport Authority (RTA) has released an updated schedule of fines for Dubai Metro violations, with penalties ranging from Dh100 to Dh2,000.

The most severe penalties target safety breaches, with Dh2,000 fines for damaging metro property or misusing emergency equipment. Carrying dangerous materials incurs a Dh1,000 penalty, whilst travelling with alcohol results in a Dh500 fine.

Fare evasion and ticket misuse attract penalties up to Dh500, with standard fare dodging resulting in a Dh200 fine. Using counterfeit Nol cards carries the maximum Dh500 penalty in this category.

Behavioural violations, including eating in prohibited areas, causing disturbance to passengers, and misusing facilities, will result in Dh100 fines. Sleeping in metro facilities carries a Dh300 penalty.

The RTA has also implemented parking regulations at metro stations, with daily fines of Dh100 for vehicles exceeding permitted parking durations, up to a maximum of Dh1,000.

Additional violations include a Dh200 fine for smoking, selling goods without permission, or failing to follow the inspector’s instructions.

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Publications

Lexis Middle East Law Alert: July-August 2025 Edition

04/08/202504/08/2025
by Hannah Gutang

The July-August 2025 edition of Lexis Middle East Law Alert provides legal professionals across the GCC with essential updates and expert analysis on recent legislative and regulatory developments. This issue explores Saudi Arabia’s new Procedural Guide on Off-Plan Real Estate Sales, designed to strengthen existing frameworks, as well as changes to Abu Dhabi’s property market regulations and Kuwait’s implementation of GCC voluntary work requirements. It also features updates on UAE tax compliance through revised map guidance, and examines Oman’s evolving public health legislation under a new decree. Additional coverage includes the introduction of Close-out Netting and Collateral Arrangement regulations by the Saudi Central Bank—marking a significant step in the Kingdom’s financial sector. The issue further explores how legal teams are adapting to digital transformation and concludes with a roundup of major leadership changes across the region.

This edition offers a comprehensive yet concise look at the shifting legal and regulatory landscape in the Middle East.

FEATURE: OFF PLAN SELLING EXPLAINED

Jaafer Alsir Ali of Al Ghazzawi & Partners sheds light on how Saudi Arabia’s new Procedural Guide on Selling and Leasing Off-Plan Real Estate Projects is set to reinforce and complement the country’s existing legal framework in this dynamic sector.

FEATURE: HEALTH MATTERS

Ahmed Al Barwani of Al Tamimi & Company explores Oman’s public health strategy under the newly enacted Sultani Decree No. 43/2025.

IN-HOUSE PROFILE: HANDLING DIGITAL DEVELOPMENTS

Gopa Talukdar, Head of Legal for the Middle East at Reckitt, shares her approach to navigating change in a dynamic business environment.

IN-HOUSE PROFILE: PRACTITIONER PERSPECTIVE

Ksenia Andreeva of Morgan, Lewis & Bockius LLP discusses Saudi Arabia’s proposals to shape the future of Global AI Hubs.

MOVERS AND SHAKERS

From partner promotions to leadership transitions—this roundup spotlights the influential career moves reshaping the legal landscape across the region.

CONTRACT WATCH: CLOSE-OUT NETTING IN SAUDI ARABIA

Mohammed Negm, Litigation Lawyer at Al Tamimi & Company, explains Saudi Arabia’s first Regulation on Close-out Netting issued by SAMA in February 2025, which ensures the enforceability of certain financial contracts and collateral arrangements outside bankruptcy proceedings.

TAX AND FINANCE ROUND-UP

Stay ahead of the curve with the newest tax and finance updates in the region—featuring the UAE’s latest MAP guidance for taxpayers.

Lexis Middle East Law Alert_July-August 2025

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_May-June 2025

Lexis Middle East Law Alert_March-April 2025

Lexis Middle East Law Alert_January-February 2025

Lexis Middle East Law Alert_October-November 2024

LEGAL ROUND-UP

Keep informed with our latest legal round-up, featuring key changes to Abu Dhabi’s property market regulations.

LAW MONITOR

Explore recent legal developments across the GCC, with a spotlight on Kuwait’s implementation of the GCC voluntary work requirements.

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Expired BSA Law Mock Trial | 15 October 2025 | 9 AM to 1 PM | DIFC Academy – L1 Lecture Theatre

31/07/202513/10/2025
by Malini Dean

We're sorry, but all tickets sales have ended because the event is expired.

BSA Law Mock Trial | 15 October 2025 | 9 AM to 1 PM | DIFC Academy – L1 Lecture Theatre
15/10/2025
9:00 AM - 1:00 PM

REGISTER HERE Cryptocurrency and virtual asset trading have become increasingly prevalent in the UAE, particularly in jurisdictions like Dubai where innovation in digital finance is rapidly evolving. As more individuals and businesses engage in trading platforms and peer-to-peer transactions, many are unaware that such activities are strictly regulated by UAE law. Under current legislation, (more…)

News developments

UAE: Bankruptcy Court Created

31/07/202531/07/2025
by Hannah Gutang

Khaleej Times, 24 July 2025: The Ministry of Justice announced a decision regarding the organisation of the Bankruptcy Court, which will be headquartered at the Abu Dhabi Federal Court of First Instance.

The court will be responsible for adjudicating all applications and disputes arising from the implementation of the provisions of the Federal Decree-Law on Financial Reorganisation and Bankruptcy (Federal Decree-Law No. 51/2023). The Federal Judiciary Council will also be able to establish one or more branches of the court in any other emirate, subordinate to the main court, to handle these applications and disputes.

The court shall consist of a chief judge with a rank no lower than that of an appellate judge, and several specialised judges appointed by the Federal Judiciary Council.

A bankruptcy division will also be created within the court, headed by a judge of at least appellate rank, which will be responsible for tasks, including receiving applications, objections, and grievances, registering applications, among others.

The court will be able to engage professionals with relevant experience and expertise to perform various tasks such as managing the debtor’s funds and business operations, implementing precautionary measures, expediting procedures, meeting with creditors, and hearing the debtor or their representative on matters related to debts, assets, or operations.

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News developments

UAE: Agreement with US on Patent Procedures

25/07/202525/07/2025
by Hannah Gutang

Khaleej Times, 20 July 2025: The UAE and the US signed a statement that aims to accelerate patent-granting procedures in the UAE

The agreement was signed at the 66th Assemblies of the Member States of the World Intellectual Property Organisation (WIPO) in Geneva, by the Ministry of Economy and Tourism and the US Patent and Trademark Office (USPTO).

The Joint Statement of Intent aims to launch a bilateral cooperation programme which provides collaborative mechanisms to recognise positive examination results issued by the USPTO for corresponding Emirati patent applications.

This will be implemented in accordance with applicable national laws.

The focus is on industrial property rights and the development of patent registration procedures that provide flexible and efficient services which support an innovation-driven and entrepreneurial environment.

This partnership with the US side is part of a new push to accelerate patent issuance by strengthening international cooperation and adopting advanced operational models.

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News developments

Dubai: New Law on Housing Contract Disputes

25/07/202525/07/2025
by Hannah Gutang

Khaleej Times, 21 July 2025: A new law has been issued which focuses on resolving disputes involving housing building contracts with nationals in Dubai.

The new law will come into force on 1 January 2026 and will introduce a dedicated legal framework to swiftly and efficiently handle disagreements, without disrupting the progress of housing development projects. There will be a new alternative dispute resolution system for construction projects, which will protect all parties’ rights. Amicable and consensual solutions will be promoted. The aim will be to ensure construction work continues even where there are disagreements.

The Centre for Amicable Settlement of Disputes will set up a new specialist section to cover this area. First there will be mediation, which will be concluded in 20 days, although it will be possible to extend this for up to 20 more days if both parties agree.

If mediation fails, the case can then be referred to a special committee made up of one judge and two industry experts. This committee must issue a decision within 30 days – although a 30-day extension is possible. Parties will have the right to appeal to the court of first instance within 30 days of that decision.

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News developments

UAE: Market Regulator Introduces New Goodwill Valuation Rules for Listed Companies

18/07/202518/07/2025
by Hannah Gutang

Gulf News, 14 July 2025: The UAE Securities & Commodities Authority (SCA) has approved new regulations governing how listed companies must account for goodwill in mergers and acquisitions.

The regulatory framework establishes specific valuation principles for goodwill—the premium paid above a company’s net asset value during an acquisition. Under the rules, goodwill can only be recognised when a company is acquired and cannot be created internally.

The new regulations, which classify goodwill as an intangible asset, will affect all publicly listed UAE companies involved in mergers and acquisitions. Several companies, including Gulf Navigation, Multiple Group, and Emirates Driving, have recently been active in corporate acquisitions.

This measure follows recent SCA regulatory initiatives, including new frameworks for social media financial influencers and robo-adviser funds. The authority’s board has also reviewed the implementation of its recently launched financial influencer registration programme.

The regulations require boards of directors, audit committees, and external auditors to follow specific guidelines for goodwill valuation and disclosure to investors.

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