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03 Nov 2023

Abu Dhabi's Global Market (ADGM) introduced a landmark in the realm of distributed ledger technology governance

Abu Dhabi's Global Market (ADGM) introduced a landmark in the realm of distributed Ledger Technology Governance The Registration Authority of Abu Dhabi's Global Market (ADGM) has unveiled the world's inaugural regulatory framework for Distributed Ledger Technology (DLT) Foundations, known as the Distributed Ledger Technology Foundations Regulations 2023. This pioneering regulatory…

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28 Oct 2023

Oman declared the First Islamic Investment Fund

Oman declared the First Islamic Investment Fund Oman's Capital Market Authority has declared the launch of the Sultanate's inaugural Islamic investment fund, named the Gheras Fund, initiated by the Imam Jabir bin Zaid Waqf Foundation.The fund is open for participation to all private and public Waqf institutions, as well as…

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23 Oct 2023

UAE announces new Federal Law on Pension enhancing adaptability of social security services

UAE announces new Federal Law on Pension enhancing adaptability of social security services The General Pension and Social Security Authority (GPSSA) has announced new Federal Decree Law No. 57 of 2023 on Pension and Social Security, raising the maximum contribution account salary for Emiratis working in the private sector from…

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16 Oct 2023

Saudi Arabia sets $26,666 maximum Health Insurance coverage for foreign tourists

Saudi Arabia sets $26,666 maximum Health Insurance coverage for foreign tourists   Saudi Arabia has set SR100000 most extreme health insurance coverage for foreign tourists coming to the country. As per the details of the insurance policy, which was supported by the Saudi Council of Health Insurance, Foreign tourists would…

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09 Oct 2023

Saudi Arabia implemented Personal Data Protection Law (PDPL)

Saudi Arabia implemented Personal Data Protection Law (PDPL)   The Personal Data Protection Law (PDPL) was implemented by Royal Decree M/19 of 17 September 2021 approving Resolution No.98 dated 14 September 2021, and amended on 21 March 2023. The Saudi Data & Artificial Intelligence Authority ('SDAIA') regulates the statute. The…

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02 Oct 2023

Dubai Land Department Launches Munaqasat Service

Dubai Land Department Launches Munaqasat Service Dubai's land department has reported it has sent off a new Munaqasat administration to further develop transparency in the sector and guarantee top-quality administrations at competitive costs. It will be accessible through the Real Estate Regulatory Agency and will manage tendering processes for all…

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