The emirate of Dubai, by virtue of being less generously endowed with hydrocarbons than its regional neighbours, has worked hard over the past several decades to develop a wider, more diversified economic bedrock to power growth. As a result the emirate has several sectors whose growth is not wholly contingent on hydrocarbons revenues, and which continue to prosper in the current environment.
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.
The Nigerian power sector has undergone several significant changes in the past decade. In 2010 the Nigerian president at the time presented a roadmap for the sector. In developing the roadmap, the country’s federal government built on the foundation laid down in 2001-02 through the adoption of the National Electric Power Policy, and with the...
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