The Legal 500: 2nd Edition Insurance & Reinsurance Comparative Guide

Michael Kortbawi and Raghad Hammad contribute to the UAE Chapter of  The Legal 500: 2nd Edition Insurance & Reinsurance Comparative Guide. This country-specific Q&A gives a pragmatic overview of the law and practice of insurance & reinsurance law in the United Arab Emirates (UAE). It addresses topics such as contract regulation, licensing, penalties, policyholder protection, alternative dispute resolution as well as personal insight and opinion…

Warning to Contractors Dealing with GCC Governments

Analysis Offset obligations (“Offsets”) are required by most of the GCC governments from their foreign service and product providers (“Contractors”). In short, as a matter of public policy, GCC governments will never contract with foreign corporate entities without any specific offset agreement which will provide an economic benefit from their expenditure. This article, explores the…

The Islamic Economy Problems & Potential

Although, the UAE’s Islamic Economy has been growing, there are outstanding issueswhich have slowed development. Rima Mrad of BSA Ahmad Bin Hezeem & Associates LLP explains the problems and changes being taken to tackle them. Over the past four years, there has been considerable growth in the Islamic economy in the UAE, which as a…

Business Forum in Turkey

Speaker at business forum organised by Turkish Ministry of Economy and Turkish Exporters Assembly (TIM) as TIMAKADEMI. Held in Adana, Turkey on 1 June 2016. Topic: Doing business in Saudi Arabia Speaker: Cyrille Naffah, Senior Associate The topics of discussion were: Current economic relationships between Turkey and Saudi Arabia Incentives offered by Saudi Arabia to…