🇦🇪UAE Legal News

In a major development for Omani businesses, the Ministry of Commerce, Industry, and Investment Promotion is rolling out new regulations to facilitate the conversion of limited liability companies (LLCs) into public joint-stock companies (SAOG). This initiative follows the launch of the Financial Services Authority’s Incentivization Program, aimed at boosting opportunities for small and medium-sized enterprises …

Oman Unveils New Regulations to Transform LLCs into Public Joint-Stock Companies Read More »

DOHA – In a decisive move, Qatar’s Ministry of Public Health has shuttered a private health services agency after uncovering significant regulatory violations. The agency, which employed eight healthcare professionals—including five nurses and three physiotherapists—was found to be in breach of several healthcare laws and regulations. An investigation revealed that these practitioners were operating without …

Ministry Shuts Down Private Health Agency in Qatar for Regulatory Breaches Read More »

In a bold move to bolster its fight against financial crimes, the United Arab Emirates has introduced significant revisions to its anti-money laundering and counter-terrorism financing laws. This recent Federal Decree-Law marks a pivotal step in refining the country’s legal and regulatory landscape to better address and counteract financial misconduct. The revised legislation underscores the …

UAE Enhances Anti-Money Laundering Framework with New Legislative Amendments Read More »

In the first half of 2024, the Abu Dhabi Judicial Department (ADJD) achieved remarkable success in financial settlements, resolving a total of 1,234 disputes across various sectors. These disputes, which spanned commercial, real estate, civil, and consumer categories, resulted in settlements amounting to AED44,039,415. The ADJD’s Vital Operations Performance Report highlights that out of these, …

Abu Dhabi’s Judicial Mediation Success: $120.70 Million Settled in H1 2024 Read More »

In a decisive move against financial misconduct, Kuwait’s Disciplinary Board of the Competition Protection Authority has levied substantial fines on 16 out of 20 currency exchange companies. These companies were found guilty of breaching regulations by colluding to set foreign currency exchange rates in unison—a practice the Authority deems detrimental to competitive integrity. The fines, …

Kuwait Cracks Down on Currency Exchange Firms for Rate Fixing Read More »

In a decisive move to enforce fair competition, the General Authority for Competition (GAC) in Saudi Arabia has fined six contracting companies a combined total of SR77.5 million. These firms were found guilty of breaching the Competition Law through collusion and coordination in government bids and tenders. The hefty fines reflect the GAC’s commitment to …

Saudi Authority Imposes $20.53 Million Penalty on Contracting Firms for Collusion Read More »

In a recent legal showdown in Riyadh, an engineer has been handed a six-month prison sentence along with a fine of SR50,000 for practicing without the necessary professional accreditation. The court’s verdict also included a hefty penalty of SR100,000 against the company that employed the engineer. The company was found in breach of Article 11 …

Riyadh Engineer Faces Jail Time and Hefty Fine for Operating Without Proper Accreditation Read More »

ANNAPOLIS, MD — Secretary of Defense Lloyd Austin took a firm stand on Tuesday, insisting that the masterminds behind the 9/11 attacks should be put on trial. This statement came amidst a backdrop of ongoing contention regarding the legal proceedings against Khalid Sheikh Mohammed and his co-defendants. The calls for justice have been reignited following …

Pentagon Chief Advocates for 9/11 Suspects to Face Trial Read More »

Kuwait’s Civil Service Commission (CSC) has unveiled a new regulation requiring all employees to visibly display their work IDs during office hours starting September 1. According to the directive, those without an ID must provide a personal photograph and a copy of their civil ID to the Administrative Affairs Department. This policy, issued by Salah …

Kuwait Implements New ID Display Rule for Employees Read More »

In a notable rise, trademark registration applications in Oman surged by 11% in 2023, reaching a total of 13,043, up from 11,742 in 2022, as reported by the National Intellectual Property Office. In the first half of this year alone, Oman saw 6,109 trademarks and 428 patents filed. The increase reflects a broader trend of …

Oman Sees 11% Surge in Trademark Applications Read More »