Following the global oil price drop in 2014, Oman – like the other GCC states – is pushing ahead with its long-term national development plans that seek to diversify the economy.
The Middle East Legal Framework
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Interviews & Viewpoints | Alex Saleh, Partner, Al Tamimi & Co: Viewpoint from The Report: Kuwait 2018
There have been a number of improvements within Kuwait’s legal system over the course of the last 25 years. Back then, we had only three significant pieces of legislation: our civil code, the commercial law and a companies’ law that was already outdated for its usage. It was clear that these laws were insufficient for the requirements of...
Articles & Analysis | Kuwait works to support economic diversification, foreign direct investment and entrepreneurship from The Report: Kuwait 2018
As one of the most democratic states in the GCC, Kuwait has an economy largely based on its petroleum wealth. The legal system has been influenced by Egyptian and French law, as well as Islamic sharia principles, though the latter apply only to family law-related matters. Although the lawmaking process was not very active in the early-mid...
Chapter | Legal Framework from The Report: Kuwait 2018
This chapter contains an overview of the legal framework in which local and international investors operate in Kuwait, including a look at the incentives available for qualifying overseas investors and the changes to intellectual property protection framework.
This chapter contains a viewpoint Alex Saleh, Partner, Al Tamimi & Co.
As hydrocarbons forms the backbone of Kuwait’s economy, the resurgence in global commodity markets bodes well for the future and has led to a renewed sense of optimism. The recovering market is also supporting the government’s diversification efforts under the auspices of the Kuwait National Development Plan, or New Kuwait.
Sharjah has long played an important economic and cultural role in the UAE, and boasts one of the most diversified economies by regional standards, with no individual sector accounting for more than 20% of GDP.