Prior to 1971 the Sharia Courts had jurisdiction over all civil and criminal matters, as well as personal status matters in the sultanate of...
The Middle East Legal Framework
Displaying 13 - 18 of 120
Chapter | Legal Framework & Tax from The Report: Oman 2020
Chapter | Legal Framework from The Report: Kuwait 2019
The modernisation of the country’s capital markets continued in April 2018 through the promulgation and implementation of Boursa Kuwait’s new...
With the sixth-largest proven oil reserves in the world, and an industry that dates back to the early days of oil and gas dominance in energy, Kuwait is among the world’s principal hydrocarbons powers. Yet, given the lower oil prices seen in global markets in recent years, initiatives outlined in the New Kuwait 2035 development plan come at a critical time in terms of enhancing the state’s competitiveness as a destination for foreign direct investment.
Home to an estimated 15% of the world’s proven oil reserves and the single-largest economy in MENA, Saudi Arabia is a key regional and global player. The Vision 2030 blueprint sets out regulatory, budget and social reforms that will be implemented over the coming decade as the nation sets about curbing its reliance on crude oil production and export, which accounted for 43.5% of GDP in 2018.
Chapter | Legal Framework from The Report: Qatar 2019
The state of Qatar, a peninsula located in the Arabian Gulf, is known for being one of the world’s foremost exporters of natural gas. Its economy has grown from being one that is dependent mainly on pearling – that is, the harvesting of pearls from molluscs – to one that is driven by the production and export of hydrocarbons and other resources. Qatar National Vision 2030 (QNV 2030) was...
Its relatively small population and status as the world’s biggest gas exporter have helped Qatar become the richest country globally in terms of GDP per capita, which stood at $72,700 at current prices in 2019, according to IMF estimates. In recent years, however, the nation has faced strong economic headwinds from a drop in global energy prices to a diplomatic blockade.