Exploring the EU’s AI Act and Potential Prospects for the GCC Region
Earlier this year, the EU unanimously endorsed the passage of the Artificial Intelligence Act (the “Act”). The Act’s initial proposal, put forth by The European Commission back in April 2021, laid out comprehensive standards and...
Read More
Cabinet Decree No.77 of 2023 – New Investment Incentives in Egypt
The Prime Minister signed on the Ministerial Decree No.77/2023 (the “Decree”) that was issued on 28 December 2023, in relation to investment incentives in Egypt. In alignment with the current necessity for economic growth and...
Read More
CONSEQUENCES! FIRST ECONOMIC CONCENTRATION FINE BY THE SAUDI GENERAL AUTHORITY FOR COMPETITION, SINCE OCTOBER 2020, FOR FAILURE TO NOTIFY AN ECONOMIC CONCENTRATION.
Only for the second time since the implementation of the Saudi Competition Law (Royal Decree No (M75) of 1440H) (the “Competition Law”), The Saudi General Authority for Competition (“GAC”) has fined two companies for their...
Read More
NEWS ALERT! Kuwait’s Communication and Information Technology Regulatory Authority (“CITRA”) repeals its Data Classification Policy under Decision 34/2024, and issues a new set of Data Privacy Protection Regulations under Decision 26/2024
Breaking News: Kuwait’s Communication and Information Technology Regulatory Authority (“CITRA”) repeals its Data Classification Policy under Decision 34/2024, and issues a new set of Data Privacy Protection Regulations under Decision 26/2024 to repeal the previously...
Read More
GLA & Co Senior Associate Asad Ahmad Wins Rising Star Award 2023 by The Law MEA!
We are thrilled to announce that our esteemed Senior Associate, Asad Ahmad, has been honoured with the Rising Star Award 2023 by The Law MEA. Asad’s exceptional dedication to the legal profession, coupled with his...
Read More
GLA & Co ranked in first year of eligibility by Chambers & Partners
GLA & Co proudly announces its inclusion in the renowned Chambers & Partners rankings in its very first year of eligibility for Corporate & Finance in Kuwait. This prestigious acknowledgment reflects the firm’s commitment to...
Read More
NBF FinTech Startups Incorporation and Licensing – A More Specific Take By The FRA
Introduction and Effect: The Egyptian Financial Regulatory Authority (“FRA“) issued decree no. 268 of 2023 on the rules and procedures for the establishment and licensing of startup companies in financial technology to engage in non-banking...
Read More
COMESA Competition Commission Proposes Sweeping Changes to Competition Regulations
The Common Market for Eastern and Southern Africa’s (“COMESA”) Competition Commission (“CCC”) is set to implement significant amendments to its competition regime with the release of the Draft COMESA Competition Regulations (“Draft Regulations”). The proposed...
Read More
UAE Implements Comprehensive Consumer Protection Regulation to Safeguard Consumer Rights
Introduction In a significant move towards strengthening consumer rights and promoting fair trade practices, the United Arab Emirates (“UAE”) has introduced a new consumer protection regulation; Executive Regulations No. 66 of 2023 (the “Regulation”). The...
Read More