Law

The new law aims at attracting more investors to the kingdom
15 May 01:58 PM Saudi Arabia to introduce new residency scheme for expatriates
Riyadh – Mubasher: Saudi Arabia’s Cabinet has approved the new the “Privileged Iqama” special residency system, or “Green Card” residency scheme, for expats that will enable some expats to live and work in the kingdom without the need of a local …
The court has granted Naqvi bail on a group of conditions
8 May 09:39 PM UK court obliges Abraaj’s founder to pay $19.5mln or stay in prison
Dubai – Mubasher: UK’s Westminster Magistrates Court has given the founder of the collapsed UAE private equity firm Abraaj Group two days to pay GBP 15 million ($19.51 million) bail, Reuters reported on Wednesday. The court has granted Naqvi bail …
Amounts exceeding EGP 10,000 will be paid at banks
8 May 02:58 PM Egypt's finance ministry excludes some gov’t bodies from e-payment law
Cairo – Mubasher: Egypt’s finance minister Mohamed Maait issued a ministerial decree excluding some state-run bodies from the electronic payment law. The decree excluded several bodies from the e-payment law including economic authorities, Social …
The German firm will invest no less than $20 million
8 May 02:27 PM Sisi greenlights oil exploration in Gulf of Suez
Cairo – Mubasher: Egyptian President Abdel Fattah El-Sisi on Wednesday approved law No.9/2019 which authorises the minister of petroleum and mineral resources to enter into an agreement with the Egyptian General Petroleum Corporation (EGPC) and …
Saudi King Salman bin Abdulaziz Al Saud
8 May 12:58 PM King Salman appoints Al Mansouri as GACA president
Riyadh – Mubasher: Saudi Arabia’s King Salman bin Abdulaziz Al Saud on Wednesday issued a royal decree to appoint Abdulhadi bin Ahmed bin Abdulwahab Al Mansouri as the new president of the General Authority of Civil Aviation (GACA). Abdulhadi Al …
The ADGM's court-annexed mediation service is free of charge
21 April 02:15 PM ADGM Courts launch new mediation service
Abu Dhabi - Mubasher: The Abu Dhabi Global Market Courts (ADGM Courts) have launched the court-annexed mediation service to better meet the increasing demand for mediation solutions and services for ADGM entities and litigants before the ADGM …
The new law is in line with the country’s strategy to reduce reliance on cash
18 April 01:12 PM El Sisi approves e-payment law
Cairo – Mubasher: Egyptian President Abdel Fattah El Sisi on Thursday has approved the issuance of law No.18/2019 which regulates e-payment services.  The new law is in line with the country’s strategy to reduce reliance on cash, state-run news …
Foreigners own all the rights of real estate properties within their investment zones
17 April 06:16 PM UAE President amends foreign property ownership rules in Abu Dhabi
Abu Dhabi – Mubasher: UAE President and ruler of Abu Dhabi Sheikh Khalifa bin Zayed Al Nahyan has issued a law amending some provisions of the real estate law in Abu Dhabi.  The new amended law allows UAE citizens, including natural or legal …
“Mr Naqvi maintains his innocence"
12 April 07:55 PM UK authorities arrest Abraaj’s Arif Naqvi
Dubai – Mubasher: The CEO and managing director of the collapsed private equity company Abraaj Capital, Arif Naqvi and Mustafa Abdel-Wadood, were arrested on UK and US on defrauding charges from US prosecutors, according to Reuters. Assistant US …
The decision was announced after a lawsuit submitted to Jeddah’s commercial court
14 March 10:43 AM SIDC to redeem SAR 15.19m from Juhaina after court ruling
Riyadh – Mubasher: The Saudi Industrial Development Company (SIDC) on Thursday said that it will redeem a SAR 15.19 million amount from its former partner Juhaina Trading, Industry and Contracting Co. The decision was announced after a …
Iron ore pellets are a major component in the manufacture of enforced steel
7 March 02:03 PM Egypt gov’t bans iron ore pellet traders, limits imports to factories
By: Abdullah Bedeir Cairo – Mubasher: Egypt’s minister of trade and industry Amr Nassar has issued a decree to amend the regulations of the law governing the import and export of conditioned commodities, including iron ore pellets. The decision is …
The current list comprises 5 jurisdictions
5 March 10:58 PM EU to include UAE, Oman in tax haven blacklist
Dubai – Mubasher: The EU has reportedly added 10 new jurisdictions to a draft tax haven blacklist including the UAE and Oman. Since more than a year, the list was put to target jurisdictions that are non-cooperative on tax matters. The EU envoys …
Both companies are in talks for merger
23 February 04:25 PM Egyptian high court lifts ban on Uber, Careem services
Cairo – Mubasher: Egypt’s top administrative court has lifted a ban on the operations of ride-hailing companies Uber and Careem, a judicial source told Reuters on Saturday. Both companies have faced backlash after 42 taxi drivers filed a lawsuit …
Al Mazaya is listed on both Boursa Kuwait and the DFM
21 February 01:28 PM Kuwait Business Town to pay Al mazaya $3m on court ruling
Mubasher: Al Mazaya Holding announced that the court of cassation in Kuwait has issued a final ruling in favour of the company against Kuwait Business Town Real Estate. Upon this verdict, Business Towa Real Estate will pay approximately KWD …
The court has also ordered the ministry to pay 7% annual interest
20 February 10:22 AM Combined Group to receive KWD 1.5m on court ruling
Mubasher: Combined Group Contracting Company announced that the Kuwaiti court has issued a ruling in favour of the company against the public works ministry of Kuwait. The official entity will pay KWD 1.45 million to Combined Group, according to a …
KCPC closed Monday’s session 1.74% higher at 234 fils
18 February 04:43 PM Court orders KCPC to pay KWD 4.4m to First Kuwaiti
Mubasher: The court of appeal in Kuwait has ordered Kuwait Company for Process Plant Construction and Contracting (KCPC) to pay KWD 4.4 million to First Kuwaiti General Trading & Contracting Company (FKTC), according to a bourse statement on …
Russia has started implementing the new visa policy on Sunday, 17 February
18 February 01:10 PM Emiratis enjoy visa-free entry to Russia
Dubai – Mubasher: The UAE announced that Emiratis will have visa-free entry to Russia, following signing a mutual visa waiver agreement between the two countries in 2018. Russia has started implementing the new visa policy on Sunday, 17 February. …
The seven investment principles have ensured equality between Saudi and non-Saudi investors
7 February 11:51 AM Saudi Arabia's investment principles to shore up investor confidence – SAGIA
Riyadh — Mubasher: Saudi Arabia’s investment principles will play a key role in the kingdom’s plans to lure further foreign investment,  the deputy governor for marketing and communication of the Saudi Arabian General Investment Authority (SAGIA) …
The UAE’s  Minister of Tolerance Nahayan bin Mabarak Al Nahayan
6 February 11:36 AM UAE mulls revising laws to promote tolerance – Minister
Abu Dhabi - Mubasher: The UAE government is to review laws in order to enhance tolerance legislation, the Minister of Tolerance said.  After declaring 2019 as the year of tolerance, the UAE plans to conduct a three-part analysis of relevant laws, …
The court obliged the implicated litigant Hamad Al Naama to pay QAR 9.34 million
4 February 03:59 PM Court rejects Dlala Brokerage’s lawsuit against QNB
Mubasher: Qatar’s court of first instance rejected a case filed by Dlala Brokerage Company, 99.9%-owned by Dlala Brokerage and Investment Holding, against Qatar National Bank (QNB). The court obliged the implicated litigant Hamad Al Naama to pay …
The financial impact is an increase of KWD 3.2 million in revenues
4 February 12:27 PM National Cleaning to receive KWD 3m on court ruling
Mubasher: National Cleaning said that Kuwait’s court has issued a ruling on Sunday, 3 February, in favor of the Boursa Kuwait-listed company against the legal representative of Kuwait Municipality. National Cleaning will receive an amount of KWD …
The two players have not lived continuously in Qatar for at least five years over the age of 18
31 January 03:03 PM UAE lodges protest over 2 Qatari players’ eligibility at Asian Cup
Abu Dhabi — Mubasher: The UAE Football Association (FA) has formally protested over the eligibility of two Qatar players, the Asian Football Confederation (AFC) said on Thursday. The AFC “has received a protest from the UAE FA regarding the …
Saudi Arabia initiates resolution centre for engineering disputes
31 January 01:22 PM Saudi Arabia initiates resolution centre for engineering disputes
Riyadh – Mubasher: The Saudi Council of Engineers has announced the launch of a dispute resolution and arbitration centre in the kingdom. A professional body for engineers in Saudi Arabia, the Saudi Council of Engineers said the new arbitration …
The Asian country will provide visa on arrival and e-visas as of 31 January
28 January 01:57 PM Pakistan to issue visa on arrival for Emiratis
Dubai – Mubasher: Pakistan will issue visa on arrival for UAE nationals, following new visa reform policy. The announcement came on the sidelines of Pakistan's Minister of Information Fawad Chaudhry's visit to Dubai. The Asian country will provide …
The committee is authorized to consider and facilitate the establishment of investment applications in vital sectors
28 January 01:04 PM UAE to launch payment linkage systems in GCC
Dubai – Mubasher: The UAE cabinet has agreed to establish payment linkage systems in the GCC countries. The session presided over by Sheikh Mohammed bin Rashid Al Maktoum, the UAE vice president and prime minister and ruler of Dubai, has also …