Qatar: Short selling Rules Issued

The Peninsula, 8 September 2022: Qatar’s Financial Markets Authority has issued short-selling rules.

They have also issued Securities Lending and Borrowing Rules.

They add new financial services activities aimed at increasing the volume of activities and businesses of financial services companies, increasing the ability of these companies to provide various investment alternatives for market investors and encouraging the trading of non-traded securities.

This will help increase trading volumes and liquidity rates in the market, maximise the returns of investors trading in the Qatari capital market and allow securities to be borrowed for various purposes. This will include settling sales transactions for which no securities are available on settlement, establishing index fund units, executing short-selling transactions, or returning previously borrowed securities.

They have been issued as part of their regulation of the capital market sector in the country.

They have also been issued as part of the continuous development and update of capital market regulations and legislation and in line with global developments in this vital sector and local needs.

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Qatar: Companies Have to Sort Waste from 1 October

The Peninsula, 7 September 2022: Qatar’s Municipality Ministry has announced all companies have to provide and place containers for sorting solid waste at their facilities by 1 October this year.

If they do not, they could be penalised. They should sort waste in line with Qatar Law No. 18/2017 and Qatar Ministerial Decision No. 170/2021.

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Thani Bin Ali Al-Thani Law Firm participates as a Gold Sponsor of the Qatar Business Law Forum Conference 2022 – 7th Edition!

LexisNexis Middle East is pleased to announce that Thani Bin Ali Al-Thani Law Firm will participate as a Gold Sponsor at the Qatar Business Law Forum Conference 2022 – 7th Edition held on 12 October 2022.

The conference is 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).

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.

The Qatar International Center for Conciliation and Arbitration (QICCA) participates as a partner at the Qatar Business Law Forum Conference 2022 – 7th Edition!

LexisNexis Middle East is pleased to announce that the Qatar International Center for Conciliation and Arbitration (QICCA) will 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 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).

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.

Qatar: Dentists Must Stop Using Laughing Gas

Gulf Times, 15 August 2022: Qatar’s Ministry of Public Health has ordered all licensed dentists in the private sector and licensed healthcare facilities in the country to stop using laughing gas or nitrous oxide when treating patients.

They have issued a Circular to this effect. It comes into force immediately.

They have ordered the suspension as part of the Department of Healthcare Professions’ efforts to ensure the efficiency and eligibility of all health practitioners working in the private sector in Qatar.

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Qatar: Local Value System to be Adopted in Government Tendering

The Peninsula, 10 August 2022: Qatar will adopt the local Value System in Government tenders under amendments to the Implementing Regulations (Qatar Cabinet Decision No. 16/2019) to the Law on Regulating Tenders and Auctions (Qatar Law No. 24/2015).

The amendments by Qatar Cabinet Decision No. 11/2022 mean companies will have to add the in-country value or local value certificates to their financial bids.

The system has already been in place for some Government tenders in the oil and gas sector.

National products, companies with high local value and those submitting the least expensive monetary bids after In-country value calculation will be given preference in the procurement process.

Micro, small and medium-sized enterprises will now be given greater privileges and exemptions with more tenders available.

They will be able to participate to a degree in tenders valued at less than five million Riyals.

National micro companies and SMEs will also be exempt from paying bid and performance bonds and tender fees if their turnover is less than one million Riyals.

In addition, they will be exempt from up to 50% of the value of the prescribed classification fees.

Procurement in Government agencies will also be developed and accelerated by introducing specific timeframes to organise the offering procedures, and a decision will be made within 60 working days.

The contract will also be signed within 20 working days from the date of the contractor submitting the final insurance.

The implementation of the contract will start within 90 working days from the date it is signed.

The amendments aim to increase the participation of non-oil sectors and the private sector in the economy.

Also reported in Al-Sharq on 9 August 2022. For full story, click here.

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Meet our Silver Sponsor of the Qatar Business Law Forum Conference 2022 – 7th Edition!

LexisNexis Middle East is pleased to announce that Sultan Al-Abdulla & Partners will participate as Bronze Sponsors at the Qatar Business Law Forum Conference 2022 – 7th Edition 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).

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.

Qatar: New Building Permit Requirements Guide Issued

The Peninsula, 7 August 2022: Qatar’s Ministry of Municipality has announced it has issued the first edition of the Guide of Requirements and Services for the Building Permit System in Qatar.

They have issued the third edition of the Building Requirements Guide.

They have been issued to support the real estate sector in the country.

The Guide of Requirements and Services for the Building Permit System in Qatar is aimed at introducing a list of engineering documents and requirements and the permits required from other service authorities when building applications are submitted.

The third edition of the Building Requirements Guide aims to clarify the list of documents, information, plans and engineering drawings which must be attached when submitting applications, as well as the other service authorities required to obtain permits and approvals from them and the forms used by them, according to the types of buildings in the building applications submitted through the electronic building permit system.

The main reasons for rejecting building applications in the electronic building permit system are also mentioned in the guide.

Also reported in Lusail on 6 August 2022. 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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Meet our Bronze Sponsor of the Qatar Business Law Forum Conference 2022 – 7th Edition!

LexisNexis Middle East is pleased to announce that DLA Piper will participate as a Bronze Sponsor at the Qatar Business Law Forum Conference 2022 – 7th Edition 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).

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.