KSA Archives - Page 17 of 45 - LexisNexis Middle East

Lexis Middle East Law Alert: July – August 2023 Edition

29/08/202329/08/2023
by Tanya Jain

Presenting the latest July-August edition of our complimentary law magazine, the Lexis Middle East – Law Alert! Keep yourself informed about the most recent legal, financial, and fiscal advancements, as well as trending subjects in the MENA region.

In this issue, we delve into the reasons behind the necessary amendments to Saudi Arabia’s Civil Transactions Law and its potential implications. We also cover recent legal and tax updates, regulations, and much more. Stay in the loop with our comprehensive insights.

Feature: A More Civil Approach

Explore the Saudi Civil Transactions Law with an in-depth analysis by Professor Najib Hage-Chahine from Hage-Chahine Law Firm. Gain an understanding of how this new law influences relationships between individuals and their property rights.

Feature: From Ship to Shore

Dive into the new Oman Maritime Law, as explained by Abdullah Hassan Khan and Shehreyar Khan of MAR Law. Discover the significant changes it brings to the legal framework governing the maritime sector and disputes.

Profile: An Effective Approach to Litigation

Meet Judge Ahmed Bakry Abdalla Hassan Elsayed, the Head of the Commercial Circuit in the Abu Dhabi Commercial Court. Gain insights into his approach to successful litigation and the role he plays in the legal landscape.

Dispute Resolution Focus

Shireen Fazal, Partner at Al Aidarous, explains the critical importance of selecting the right dispute resolution method, particularly in construction disputes.

Movers & 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?

Dispute Resolution Focus: Cases and Updates

Hashem AlAidarous, Partner at Al Aidarous, qualified in three jurisdictions, explains
the differences between dispute resolution in the UAE, the US, and Australia.

Contract Watch: Job Sharing Contracts

Explore contracts with Yulia Kasiyanova, Associate Partner at SCHLÜTER GRAF Legal Consultants, and gain a deep understanding of this legal aspect.

Law Monitor

Delve into the Kuwaiti Law on Issuing Instructions for Electronic Payment of Funds, staying informed about the evolving legal landscape.

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_July August 2023

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

Tax and Finance Round-Up

Stay ahead with the UAE Corporate Income Tax Freezone clarifications, covering recent key tax and finance developments in the region.

Legal Round-Up

Get the latest insights into arbitration submission agreements in Saudi Arabia, covering recent key legal developments across the region.

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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: Implementing Regulations to Audio-Visual Law Amended

23/08/202323/08/2023
by Tanya Jain

Okaz, 15 August 2023: Amendments to the Implementing Regulations to the Audio-Visual Law have been approved. The amendments confirm the prohibition of displaying content that encourages, promotes or leads to violence, intimidation, witchcraft or sorcery.

The amendments urge adherence to the principles of objectivity, honesty, accuracy, confidentiality of information and fairness in dealing with various topics.

It also urges professional standards and practices related to the media in broadcasting news, services, and advertisements to be complied with.

The amendments state the content must not violate the Kingdom’s principles and must not call for violence, or glorify groups with destructive political, ethnic, economic, financial, ideological or social tendencies.

It must not violate the rights of women or children and not prejudice the dignity of people and their private lives or belittle or offend them either.

Read the full story 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.

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/.

News developments

Saudi Arabia: Companies Must Disclose Training Information

22/08/202322/08/2023
by Tanya Jain

Arab News, 19 August 2023: Saudi Arabia’s Human Resources and Social Development Minister has issued a Decision requiring companies with more than 50 employees to disclose their training information.

This information will have to include hours and trainee counts, training plans, activity reports, trainee numbers and budget allocation for the next year.

The information will help the Ministry assess training indicators in the job market and work with the private sector to improve training programmes for employees. The Decision has been issued to improve training in private sector companies as well as improve workforce capabilities and promote development and growth opportunities.

In addition, it aims to improve performance and productivity and support the national programme to incentivise private sector training for job market readiness.

Also reported in Albilad Daily on 19 August 2023. Read the full story 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.

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/.

News developments

Saudi Arabia: Ministry Urges Companies to Submit Financial Results Electronically

21/08/202322/08/2023
by Tanya Jain

Okaz, 16 August 2023: Saudi Arabia’s Commerce Ministry has urged companies to prepare and deposit their financial statements electronically via the Quaem platform to avoid violating the provisions of the Companies Law (Saudi Arabia Cabinet Decision No. 678/1443).

The Ministry stated that simple companies, simple joint-stock companies, limited liability companies, partnerships, and simple recommendations must prepare financial statements at the end of each fiscal year in line with the accounting standards approved in the Kingdom.

They should then deposit them within six months of the end of the fiscal year in line with Article 17 of Saudi Arabia Cabinet Decision No. 678/1443 (the new Companies Law).

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/.

News developments

Saudi Arabia: Compulsory Health Insurance Eligibility Changes Announced

16/08/202316/08/2023
by Tanya Jain

Arab News, 12 August 2023: Saudi Arabia’s Council of Health Insurance has announced orphans whose parents are not known or whose mothers are not known will qualify for compulsory health insurance now. They will qualify through their foster families.

Their coverage is effective from the issued date of their ID certificate. The certificate will be issued by the Human Resources and Social Development Ministry and will be delivered to the foster parent who is the beneficiary of the coverage.

The coverage will end when male dependents reach 25, female dependents marry or custody ends. It will also end if the Ministry cancels the foster family’s custody of the orphan, the orphan dies or the foster parent’s coverage expires.

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/.

News developments

Saudi Arabia: Penalties and Violations Schedule to Labour Law Amended

14/08/202314/08/2023
by Tanya Jain

Gulf News, 11 August 2023: Saudi Arabia’s Human Resources and Social Development Ministry has announced it has amended the schedule of violations and penalties under the Labour Law (Saudi Arabia Cabinet Decision No. 219/1426).

Among other amendments, employers who retain the passports or residency permits of their employees or their family members will be fined 1,000 Riyals. In addition, employers who hire members of staff without the appropriate work permit or without notifying the Ajeer programme will be fined 5,000 Riyals.
An employer who recruits a non-Saudi worker without the requisite work permit or without notifying the Ajeer programme will be fined 10,000 Riyals.

Employers who neglect occupational protection, safety, and health standards approved by the Ministry will be fined between 1,500 and 5,000 Riyals while the firm’s owner or representative will be held accountable for any accidents on the premises.

Entities employing over 50 workers have to provide designated childcare or nursery spaces. If they do not and there are at least 10 children under the age of six in care, they will be fined 5,000 Riyals. Those who hire children under 15 will be fined between 1,000 and 2,000 Riyals. Those who employ women within six weeks post-childbirth will also be fined 1,000 Riyals.

Any employer who commits any form of discrimination against current employees or job applicants will be fined 3,000 Riyals. This includes disparities in work conditions, advertisements, or wages for jobs of equal value between male and female workers.

Employers who retain passports or residency permits of employees or their family members will be fined 1,000 Riyals.
Employers who fail to comply with disbursing wages in the official currency through approved bank accounts will be fined 300 Riyals.
Employers who do not establish an abuse investigative committee or fail to address behavioural violations within stipulated timeframes will be fined 5,000 Riyals.

Fines have to be settled within 60 days of the notification being received. Anyone who fails to comply could have Ministry services suspended.

Also reported in Okaz on 10 August 2023. Read the full story 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.

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/.

News developments

Saudi Arabia: Updated Civil Associations and Organisations Regulations in Force

09/08/202309/08/2023
by Tanya Jain

Almadina,7 August 2023: The National Centre for the Development of the Non-Profit Sector has announced the updated NGO executive regulations came into force on 4 August 2023.

The updated regulations aim to empower civil associations and organisations, help maximise their impact and increase the effectiveness of their development projects. It is hoped the changes will help them develop their work mechanisms and administrative systems, and also help them achieve financial sustainability.

The updates are also intended to enhance the legal status of civil associations and institutions and raise their governance standards and the level of transparency on the work of associations and civil institution departments.

Read the full story 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.

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/.

News developments

Lexis Middle East HR Alert – August 2023 Edition

09/08/202309/08/2023
by Tanya Jain

We are pleased to present the August 2023 edition of Lexis Middle East – HR Alert!

Explore our complimentary publication, the Lexis Middle East – HR Alert, which offers a comprehensive array of insights and updates to keep you well-informed about the latest happenings in the Labor and Employment landscape of the MENA region. We have meticulously brought together the latest HR updates and developments of the region to ensure you stay empowered at all times. The publication showcases significant cases and provides insightful information on HR policies and laws of the region.

Inside this edition, you will find special conversations with leading HR professionals, along with expert advice on upcoming trends in the industry. Stay current and enrich your understanding of HR by diving into the newest release of Lexis Middle East – HR Alert.

This edition presents a diverse range of features:

Feature: Coping with Contracts

Explore the changes to employment contract forms in the UAE and Saudi Arabia. Fadi Hassoun and Hadeel Mohamed of Galadari Advocates and Legal Consultants provide you with the essential knowledge to navigate these adjustments effectively.

Trend Setter – From Employee Well-Being to Healthy Organisations

Learn from a forward-thinking technology company, Atlas’s perspective on employee well-being and the importance of maintaining healthy organizations. Presented by Sushmita Acharjee, Senior Manager, HR Service Delivery & Benefits for Atlas in Africa & the Middle East.

News Round-up: Covering Recent Key Developments – Region-Wide

Stay abreast of recent developments, including updates on the Omani Social Protection Fund and other significant news items.

Immigration Focus: Recent GCC Immigration and Visa Changes

The dynamics team at Vialto Partners shares the latest immigration updates from the region, including changes in Emiratisation policies specifically affecting small companies.

Additionally, Umme Salma, Senior Manager at Vialto Partners explains why keeping connected and being prepared is so important in corporate immigration.

Law Changes: New and Proposed MENA Laws

Explore the ramifications of a recent Ministerial Decision that has brought about changes to Emiratisation fines, thus changing the legal landscape.

Case Focus:

Delve into a case study involving an employee who initially failed to claim all their entitlements, providing valuable lessons for HR professionals.

HR Profile – Hospitality

Meet Monique Dekker, a Senior Vice President of Human Resources at Hyatt, Europe, Africa, and the Middle East in the hospitality sector. Gain insights into managing resilience and growth in this dynamic industry.

Policy Pointers – Family Business Policies

Explore policies tailored for family businesses and their implications. Ayesha Karim, Advocate, shares key insights into the crucial aspect of HR management.

Enrich your understanding of the HR landscape and stay up-to-date with the latest trends, cases, and policies through the newest issue of Lexis Middle East – HR Alert.

For all the latest industry updates and developments, opt for a free HR Alert subscription!

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

Lexis Middle East HR Alert – August 2023 Edition

Have you read the Lexis® Middle East HR Alert – previous 2023 editions? Click the links below to access and read these editions.

LexisNexis Middle East HR Alert_January 2023

LexisNexis-Middle-East-HR-Alert_March-2023

LexisNexis Middle East HR Alert_May 2023 Edition

News developments

Saudi Arabia: SAMA Approves Insurance Financial Technology Rules

02/08/202302/08/2023
by Tanya Jain

Almadina, 30 July 2023: The Saudi Central Bank SAMA has approved the insurance financial technology rules. This follows a public consultation on the draft rules through the “Istitlaa” platform.

The changes are a result of the emergence of a number of insurance financial technology companies that are providing various products and services.

The rules protect the rights of those dealing with insurance financial technology practitioners and encourage fair competition in providing technical solutions and services, in order to support the growth and stability of the sector.

For the full story, click her e.

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

Saudi Arabia: New Real Estate Brokering and Services System Started

26/07/202326/07/2023
by Tanya Jain

Almadina, 19 July 2023: The Saudi Real Estate General Authority has announced the start of brokerage activities and real estate services in line with the Real Estate Brokerage System, which has been approved by the Council of Ministers.

The period was granted for real estate brokers to correct their position and change their operations expired on 18 July 2023.

The new system includes seven real estate activities licensed establishments can undertake. These are real estate brokerage, real estate marketing, property management, facilities management, real estate auctions, real estate advertising, and real estate consultancy and analysis.

Individuals are limited to undertaking only four activities – brokerage, marketing, advertisement, consultancy and real estate analysis.

For the full story, click her e.

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/.