Kuwait Adopts the Updated Wafid Programme Regulations
Kuwait’s Ministry of Health has issued Ministerial Decision No. 139 of 2026, adopting the updated regulatory framework for the Wafid Programme. The Decision was issued on 7 May 2026 and gives effect in Kuwait to...
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No Disclosure, No License: Kuwait Raises the Stakes on Beneficial Ownership Compliance
Introduction On April 16, 2026, Kuwait’s Ministry of Commerce and Industry (MOCI) issued Ministerial Resolution No. 37 of 2026 (the “Resolution”), introducing significant amendments to the beneficial ownership disclosure framework originally established under Ministerial Resolution...
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CMA Issues Decision No. (85) of 2026: Modernising Kuwait’s Capital Markets and Restructuring the Trading Commission Framework
As part of its ongoing efforts to modernize Kuwait’s capital markets and align its regulatory framework with international best practices, the Capital Markets Authority (“CMA”) has issued decision no (85) of 2026, introducing a series...
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Kuwait’s Capital Markets Authority Introduces Comprehensive ETF Regulatory Framework
In line with the Capital Markets Authority’s (the “CMA”) ongoing efforts to develop and modernise the regulatory framework governing securities activities, and in pursuit of alignment with international standards in capital markets best practices, the...
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Qatar Financial Centre issues Game-Changing Wholesale Advisory Firm (WAF) Rules
On 1 May 2026, new rules came into effect, marking profound changes to the financial services licensing regime in the Qatar Financial Centre (“QFC”). The INMA (Wholesale Advisory Firm) Amendment Rules 2026 (or “WAF Rules”)...
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The 2026 ICC Arbitration Rules: What You Need to Know
The International Chamber of Commerce (“ICC”) has approved a revised version of its Rules of Arbitration, which will enter into force on 1 June 2026 (the “2026 ICC Rules”), replacing the 2021 Rules of Arbitration...
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New Rules for Industrial Plot Withdrawals: PAI Decision No. 8 of 2026
The Kuwaiti Public Authority for Industry (“PAI”) just issued Ministerial Decision No. 8 of 2026 setting out detailed rules and procedures governing the withdrawal of industrial plots under the PAI’s supervision. The Decision was issued...
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GLA & Company Advises on Freedom Holding Corp.’s Acquisition of Turkish Bank A.Ş.
GLA & Company acted as local legal counsel to Freedom Financial Services Inc., a subsidiary of Freedom Holding Corp. (NASDAQ: FRHC), in connection with the signing of the Sales and Purchase Agreement (SPA) for the...
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UAE Merger Control Goes Live: What Dealmakers Need to Know About the New Executive Regulations
What Federal Decree-Law No. 36 of 2023 and Cabinet Decision No. 59 of 2026 mean for transactions with a UAE nexus. Introduction After nearly three years of uncertainty, the UAE’s merger control regime is now...
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