The past year was productive, as we witnessed the further development of the Kuwait capital markets. The promulgation of Resolution 72 of 2015 relating to the issuance of the Executive Bylaws of Law No. 7 of 2010, and of its amendments establishing the Capital Markets Authority (CMA) and regulating securities activities in Kuwait (Executive...
On November 10, 2015 Kuwait received news through the official announcement in the Kuwait Official Gazette that the highly anticipated new bylaws governing the Capital Markets Authority (CMA) and regulating securities activities were issued pursuant to Decree No. 72 of 2015 – Executive Bylaws of Law 7 of 2010 regarding the...
This chapter contains an outline of the legal framework in which local and foreign investors operate, including a look at the key changes made to bylaws governing capital markets and a rundown of the new regulations aimed at boosting investor confidence.
This chapter contains a viewpoint from Alex Saleh, Partner, Al Tamimi & Co, on the new reforms to the capital markets law.
The fall in oil prices led to significantly reduced government revenues for Kuwait in 2015. Despite this the country’s 2016 spending remained largely in line with previous years as the government opted to draw on its considerable financial buffers to help make up for budgetary shortfalls.
Qatar’s Labour Law (Law No. 14 of 2004) and the implementing ministerial resolutions thereof apply to all individuals working in Qatar. The law provides a body of regulations outlining the legal rights, restrictions and obligations of workers, employers and workers’ committees. Qatar’s labour laws are given particular attention both by the...
Joint ventures (JVs) are a common corporate structure chosen by contractors in Qatar. Two companies interested in pursuing a project together often form a JV to increase their chances of being awarded the contract and to share the cost and risk of performing it. The JV structure provides companies with the opportunity to bid for projects they...
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