In 2017 the Kingdom witnessed a level of regulatory reform and change in the legal landscape unprecedented its recent history. The Saudi Stock Exchange (Tadawul) has been very active on a number of fronts. Furthermore, a number of ministries have also been considering new laws and regulations with many of these expected to come into force in...
Foreign institutions can be confident in the rule of law in Qatar, as its bicephalous legal system is accessible to international investors. Business can be conducted in various ways: by registering with the Qatar Financial Centre; incorporating a local entity under Law No. 5 of 2002; or appointing a commercial agent, branch office or representative trade office.
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The Civil and Commercial Arbitration Law No. 2 of 2017 has introduced major reforms in many areas in Qatar, and supersedes the old commercial and civil procedure code Law No. 13 of 1990.
Within the purview of the legal arena, 2016 has been remarkable for Kuwait. The year brought a raft of regulatory changes in a bid to harmonise commercial objectives with the international vista; the most notable of these changes being those surrounding Kuwait’s mercantile sphere, an area often at the centre of discussions for reform and...
Founded in December 1971 as a federation between six of its seven constituent entities, the UAE includes the emirates of Abu Dhabi – the capital city – Dubai, Sharjah, Ajman, Fujairah and Umm Al Quwain. The emirate of Ras Al Khaimah joined the federation the following year. The UAE is governed by the UAE Constitution, which permits each...
Bahrain is a regional financial hub for investment and business in the GCC. This holds true due to the efforts set forth by the Ministry of Industry, Commerce and Tourism (MoICT), and its minister, Zayed R. Al Zayani, in cooperation with other ministries. The MoICT has taken steps to encourage and create lucrative opportunities for foreign...
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