United Arab Emirates Archives - Page 33 of 65

UAE: Circular on Rules for Deducting Loan Repayments From Pensions Issued

16/02/202416/02/2024
by Tanya Jain

Al Bayan, 12 February 2024: The UAE’s General Pensions and Social Security Authority has issued a circular to employers in the public and private sectors to highlight the rules for the deductions of pensions or end-of-service gratuities in line with Federal Decree-Law No. 57/2023.

The Circular states that deductions from the pension or end-of-service gratuity must only be limited to the Authority’s debt. The Authority therefore must not make any deductions in favour of any other debts, whether they were in the interest of the employer or alimony debts.

The Decision came into force on 9 February 2024.

For more information, click here .

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News developments

Dubai: International Financial Centre Announces Launch of Sustaining Family Business Success Programme

16/02/202416/02/2024
by Tanya Jain

Arabian Business, 12 February 2024: The Dubai International Financial Centre has announced the launch of a Sustaining Family Business Success Programme.

It has been launched together with the DIFC Academy and MIT Sloan Executive Education.

It will take place from 24 to 26 June and will provide family businesses with training on sustaining success across generations.

It is aimed at equipping family businesses with the knowledge and strategies needed to navigate opportunities and challenges as they expand regionally and globally.

They will earn a certificate from the MIT Sloan School of Management after completing the Programme.

The Programme has been developed around six pillars, including future vision, managing turbulence, governance, talent and succession and multigenerational success.

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News developments

Abu Dhabi Global Market: Financial Services Regulatory Authority Fines Six Financial Institutions for Common Reporting Standard Regulations Breaches

16/02/202416/02/2024
by Tanya Jain

The Financial Services Regulatory Authority of Abu Dhabi’s Global Market has fined six financial institutions a total of 170,000 AED for Common Reporting Standard Regulations 2017 breaches.

The institutions were fined for failing to follow due diligence procedures in line with the Regulations, keep records of the performance of due diligence, report the required information in a complete and accurate way and/or submit the required annual information return.

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News developments

Sharjah: New Property Laws Proposed

16/02/202416/02/2024
by Tanya Jain

Arabian Business, 13 February 2024: Sharjah’s Crown Prince and Deputy Ruler have announced new property laws have been proposed.

The new laws have been proposed as a property boom is being seen in the Emirate.

The laws were formally presented to the Executive Council today.

The Council has approved the proposed laws which relate to the leasing of real estate and the establishment of a Rental Disputes Centre in the Emirate.

The draft laws will now be sent to the Consultative Council to consider.

The leasing of real estate law is aimed at regulating the rental market in the Emirate and developing the legal framework in line with urban development and real estate sector demand.

It is also aimed at streamlining government procedures, protecting the rights of all parties and making procedures easier for landlords and tenants alike.

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News developments

UAE: Draft Emirates Council for Sharia Fatwa Law Approved

09/02/202409/02/2024
by Tanya Jain

Al Bayan, 31 January 2024: The UAE’s Federal National Council has approved a draft federal law regarding the Emirates Council for Sharia Fatwa.

It will organise the Emirates Council for Sharia Fatwa and grant it the necessary capabilities to organise fatwa affairs and consolidate the status of the fatwa in line with the national identity of the state locally and globally.

The draft law specifies various penalties which will be imposed on offenders.

These include a fine of between 10,000 AED and 200,000 AED for anyone who issues a general legal fatwa in the country on any of the issues and topics that concern the Council.

In addition, the facility may be closed and the website blocked.

The Court may also order the closure of the violating facility or institution or block the platform or website that published the fatwa in violation of the provisions of the law or the decisions issued to implement it.

For more information, click here .

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News developments

Dubai: Dubai Financial Services Authority Issues First ESG Fee Waiver

09/02/202409/02/2024
by Tanya Jain

The Dubai Financial Services Authority has announced it has issued the first ESG fee waiver.

It was issued to Emirates NBD Bank PJSC.

The Authority’s Chief Executive announced in December 2023 that it was going to waive all regulatory fees for issuers looking to list sustainability-related debt securities in the DIFC throughout 2024.

All new and repeat issuers who make a relevant application to the Authority are eligible.

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News developments

Abu Dhabi: Multiple Health Facilities Shut Down

09/02/202409/02/2024
by Tanya Jain

Arabian Business, 5 February 2024: Abu Dhabi’s Health Department has announced it has closed numerous facilities for violations of healthcare laws and regulations.

It has fined one healthcare centre one million AED. It has also banned it from offering dental services across all its branches because of suspected fraudulent activities aimed at misappropriating public funds.

Investigations into the centre are ongoing.

Eight healthcare facilities have been shut down. They include an occupational medicine centre, a laboratory and a medical centre.

They were found to have violated Federal Law No. 14/2014 relating to the prevention of infectious diseases.

They were also found to have failed to have complied with electronic reporting regulations and failed to follow the Department’s public health statistics reporting standards.

In addition, four home care facilities were closed for failing to comply with the Department’s standards and regulations governing home care services and committing other violations.

These included failing to obtain proper patient consent and provide comprehensive explanations of treatment procedures and associated risks.

They were also not approved to offer secondment contracts between facilities.

In addition, they were found to have failed to have failed to provide essential medicines, medical supplies, or devices for emergencies and the healthcare facilities were used for unauthorised purposes by unlicensed individuals.

Concerns about the lack of essential medicines, medical supplies and devices for emergency cases at these facilities were also received.

The facilities also failed to adhere to safety procedures and infection prevention measures and inadequately maintained supplies, handled and disposed of medical waste improperly and insufficiently stored patient medical records.

A dental clinic has been closed too for multiple violations, including the employment of unlicensed healthcare professionals, non-compliance with sterilisation protocols and using non-sterile medical supplies.

It was also found to be deficient in recording comprehensive medical histories, procedures, examinations, interventions, or treatments in patient files and was operating in a different field to the one it was licensed for.

Also reported in Al Bayan on 4 February 2024. For the full story, click here.

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News developments

UAE: Financial Action Task Force to Remove UAE From Watchlist

05/02/202405/02/2024
by Tanya Jain

According to a specialist media outlet, the Financial Action Task Force is going to remove the UAE from its watchlist “within days”.

It will officially be removed from the grey list next month.

No further details were publicly available.

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News developments

Sharjah: Publishing City Free Zone Launches Instant Licence Service

31/01/202431/01/2024
by Tanya Jain

Arabian Business, 27 January 2024: Sharjah’s Publishing City Free Zone has announced it has launched an Instant Licence Service.

The service is a first of its kind. It includes essential components such as the business licence and a memorandum of association. It also includes a lease agreement for securing office or business space in the Zone and a share certificate documenting ownership and one shareholder.

In addition, it includes a certificate of formation. This validates the business entity’s existence and a business activity certificate, which specifies approved business activities under the licence.

It gives holders flexibility to choose up to three licence activities from more than 1,500 options across various industries and provisions for an unlimited number of visa quotas.

It will streamline the process for securing visas for key personnel in the company in the UAE. It will expedite the business setup process and empower entrepreneurs to realise their ambitions and gain instant access to the thriving economy in the region.

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News developments

Lexis Middle East HR Alert – January 2024 Edition

29/01/202429/01/2024
by Tanya Jain

Introducing the January 2024 edition of Lexis Middle East – HR Alert!

Delve into our complimentary publication, Lexis Middle East – HR Alert, designed to provide you with a comprehensive source of insights and updates to keep you well-informed about the latest developments in the Labour and Employment landscape of the MENA region. We have meticulously curated the most recent HR updates and developments to ensure you remain empowered. This publication highlights significant cases and offers valuable insights into HR policies and laws within the region.

This edition offers a comprehensive overview of recent employment law developments in the Gulf region, focusing on the UAE, Kuwait, Qatar, and Oman. Featured topics include alternative approaches to end-of-service gratuity in the UAE, trends in remote work and immigration, updates on part-time employment in Kuwait, and key changes in the legal landscape, such as new UAE pensions laws. The publication also includes a case study on discrimination and victimisation, profiles a People Partner supporting career development, covers personnel movements, and examines the impact of Oman’s new Labour Law on parental leave rights. Overall, the magazine serves as a valuable resource for professionals staying abreast of the evolving employment law dynamics in the Gulf.

Stay up-to-date and enhance your HR knowledge with the latest release of Lexis Middle East – HR Alert.

This edition features a diverse range of content, including:

Feature: Rewarding Service

Authors; Shiraz Sethi and Ali Al Assaad of Dentons and, Chris Cain and Ben McLean of Equiom Group explore a voluntary alternative to the traditional end-of-service gratuity in the UAE, aiming to provide employers and employees with higher returns and increased flexibility.

Trend Setter – Remote Working

Vialto Partners‘ survey findings reveal a growing consideration for remote work and virtual assignments among employers in the Gulf, with insights provided by experts on the practical implications.

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

Stay abreast of recent developments, including employment-related matters, highlighting notable changes in Kuwait’s approach to part-time working.

Immigration Focus: Recent GCC Immigration and Visa Changes

Stay updated! Examining key immigration developments, this segment focuses on dependant residency visas in Qatar, shedding light on the latest changes in the region.

What’s Changed? – UAE Freezones

Anir Chatterji of Vialto Partners discusses the consequences of suspending visa and residence permit transfer services within UAE freezones, particularly affecting employees seeking to change employers.

Law Changes: New and Proposed MENA Laws

Highlighting significant legal modifications across the MENA region, this section zooms in on a new UAE Pensions Law. Sabrina Saxena and Noor Jamaluddin of Al Tamimi & Co. provide insights into the radical changes it introduces.

Case Focus

A specific case, Miskofi v Milbart, in the Dubai International Financial Centre (DIFC) Small Claims Tribunal is examined, showcasing how discrimination and victimisation cases are handled, recommended by Ayesha Karim.

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_January 2024

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

Lexis Middle East HR Alert – August 2023 Edition

Moves and Changes

Providing a roundup of significant personnel movements and changes in roles across the Gulf region.

Policy Pointers: Parental Leave

Author Emma Higham from Clyde & Co, explores the implications of Oman Sultani Decree No. 53/2023, the new Labour Law, on parental leave rights and increased employer responsibilities in Oman.

HR Profile: Supporting Development

Delia Popescu, People Partner at Arup, shares insights into how her work in human resources supports and contributes to the career development of others.