The Financial Regulatory Authority (“FRA”) has recently issued two crucial decrees, Decree No. 177 of 2023 amending the Listing Rules issued by virtue of the FRA decision No. 11 of 2014 and Decree No. 178 of 2023 amending...

Introduction Issued on 21 April 2022, the UAE Cabinet Decree No. (38) of 2022 Concerning the Attestation Fees of Documents, Bills and Certificates of Origin Provided by the Ministry of Foreign Affairs and International...

The Kuwait Ministry of Commerce and Industry (“MOCI”) has informally confirmed to GLA & Co that it is set to begin enforcement of Resolution No. 4 of 2023 as amended (“Resolution”) governing...

The Central Bank of the UAE has recently enacted regulations on Risk Management and Internal Control Standards which are applicable on insurance companies, including foreign insurers licensed in the UAE. Our team sheds light...

The General Authority for Competition (“GAC”) in Saudi Arabia (“KSA”) has been making significant strides in promoting fair competition and economic growth in the country.  In its recently released  annual report...

Introduction As the overhauling of the UAE tax regime comes to a conclusion, the United Arab of Emirates (“UAE”) Cabinet (the “Cabinet”) issued its decision no. 74 of 2023 on the Executive Regulation of Federal...

The Egyptian Competition Authority (“ECA”) is currently investigating and examining the possible violations of its rules and regulations specifically in the market sectors of Aluminum, steel, manufacturing of utensils and...

The Saudi Council of Ministers has announced, during its session held on September 19, 2023, the authorization of the Chairman of the Board of Directors of the General Authority for Competition – or his representative...

In an effort to comply with newly enacted global environmental protection measures, the Municipality of the State of Kuwait has recently issued Ministerial Decree No.354 of 2023 to enforce regulations of municipalities’...