Updates & Alerts

The new Law came into force on 22 October, 2024 and was published in the Official Gazette 687.

An updated Real Estate Transaction Tax (RETT) Law, issued under Royal Decree No. (D/84) on September 22, 2024 was published in the Official Gazette on October 11, 2024.

Minister of Labour Resolution No. (617) of 2024 has been issued to establish a grievance system for employees

A new Royal Decree No. (47) of 2024 promulgating the Bank Deposits Protection Law repeals Law of Bank Deposits Insurance Scheme promulgated by Royal Decree No. (9) of 1995

The Commercial Registration Law and the Trade Name Law have been published in the Official Gazette on October 4, 2024 and will become effective 180 days after the publication date.

A new amendment to Ministerial Decision No. (209) of 2020, released by the Minister of Commerce, Industry and Investment Promotion Resolution No. (435) of 2024.

Bahrain has published Decree-Law No. (11) of 2024 regarding the implementation of Tax on Multinational Enterprises.

UAE's Federal Decree Law No. 9 of 2024 comes into effect on August 31, 2024. Non-compliance may subject the violator to fines ranging from 100,000 to 1,000,000.

Saudi Arabia's recent Labor Law amendments signify a major shift aimed at enhancing equal employment opportunities and improving working conditions.

Saudi Arabia has published a new Investment Law issued by Royal Decree No. (D/19) of 1446H.

Cabinet Resolutions No. 56 and 57 of 2024 are issued in Federal Gazette issue No. 777 Dated 14 June 2024

The SCA BOD Chairman Resolution No. (25/R.M) of 2024 outlines the regulations for Special Purpose Vehicles (SPVs) in the UAE.