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  • 28 Nov 2018Abu Dhabi

    Abu Dhabi’s Crown Prince and Executive Council Chairman has approved a Decision exempting all new economic licenses issued in the Emirate from all local fees for two years. It comes into effect on its issued date and applies to all commercial activities in Abu Dhabi and the Emirate's free zones.

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  • 27 Nov 2018Saudi Arabia

    The General Organisation for Social Insurance and the Labour and Social Development Ministry has launched a new initiative which allows employers in the private sector to upload and update electronic version of employment contracts for their Saudi and foreign employees. It is expected the registration process will become mandatory for all employers in Saudi Arabia in the near future.

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  • 27 Nov 2018United Arab Emirates

    The UAE Cabinet has announced new conditions for the issuing of long-term residence permits for investors, entrepreneurs, scientists, specialists, foreign nationals with exceptional talents and outstanding students. It is expected full details of the new law, including the implementation date, will be announced in the coming weeks.

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  • 26 Nov 2018United Arab Emirates

    The new anti-money laundering (AML) law of the UAE took effect at the end of October 2018. Containing features recommended by the Financial Action Task Force (FATF), the new law introduces subtle but important changes to the AML landscape in the UAE.

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  • 26 Nov 2018Egypt

    On 30 September 2018, the Board of Directors (BoD) of the Financial Regulatory Authority (the FRA) issued two decisions amending the cumulative voting and proportional representation provisions for the appointment of the members of the board of directors of companies with listed securities on the Egyptian Stock Exchange (the Listed Companies) and non-banking financial companies (NBFC).

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