SAGIA Implements A Fast Track Registration Process In A Bid To Attract Sizable Foreign Investments

In an attempt to address recent criticisms targeted at its complex and time-consuming registration procedures and in order to attract significant foreign investments, perceived as a means of counterbalancing a decrease in oil prices and deficit in budgets, the Saudi Arabian General Investment Authority (“SAGIA”), has embarked upon a comprehensive overhaul of the framework governing…

Saudi Arabia Considers Allowing Full Foreign Ownership Of Retail and Wholesale Business

The Saudi General Investment Authority (SAGIA) and the Ministry of Commerce and Industry (MOCI) have recently announced that they were preparing joint studies to implement the directives of King Salman, following his latest visit to the US, aimed at allowing US and other foreign investors to fully own retail and wholesale businesses in the Kingdom.…

Medical Data Protection

As the UAE continues its ascent towards fully digitising all government services, significant progress has been made in the healthcare sector. From a regulatory standpoint, it is interesting therefore to observe the development of the regulations surrounding medical data in the UAE. Federal Law It is well established that the UAE does not have dedicated…

UAE Practice On Restrictive Provisions and Penalty Clauses

It is common practice for parties entering into contractual arrangements to insert restrictive provisions constraining or limiting either of the parties’ legal or contractual rights.  Such provisions work to restrict a party from committing a certain act in the future, or oblige a party to perform a certain obligation at a predetermined time. The objectives…