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Find out moreWelcome to this edition of Law Update, where we focus on the ever-evolving landscape of financial services regulation across the region. As the financial markets in the region continue to grow and diversify, this issue provides timely insights into the key regulatory developments shaping banking, investment, insolvency, and emerging technologies.
2025 is set to be a game-changer for the MENA region, with legal and regulatory shifts from 2024 continuing to reshape its economic landscape. Saudi Arabia, the UAE, Egypt, Iraq, Qatar, and Bahrain are all implementing groundbreaking reforms in sustainable financing, investment laws, labor regulations, and dispute resolution. As the region positions itself for deeper global integration, businesses must adapt to a rapidly evolving legal environment.
Our Eyes on 2025 publication provides essential insights and practical guidance on the key legal updates shaping the year ahead—equipping you with the knowledge to stay ahead in this dynamic market.
Khaled Saqqaf - Partner, Head of Office - Jordan - Corporate / Mergers and Acquisitions / Banking and Finance / Capital Markets
The Jordanian Government, under the patronage of His Majesty King Abdullah II, has introduced a national vision and strategy for Jordan 2025. Aiming to achieve a more integrated social and economic framework, the Jordanian Government has been diligent in implementing legislative reforms with a focus towards greater private sector participation and the rejuvenation of specific sectors.
This edition will touch upon a number of those developments, including the introduction of a new PPP Law, the codification of a comprehensive Real Estate Law, the unification of investment authorities under the Investment Law, and the creation of alternate modes for investment, including Venture Capital companies and cross border offerings.
As part of these efforts, we, at Al Tamimi & Company, were honoured to be appointed to act on one of the largest PPP Projects in Jordan, as well as to assist the Government’s Steering Committee and the European Bank for Reconstruction and Development in the ongoing review and reform of the capital markets’ legal regime in Jordan.
That is not to say that Jordan has been without its challenges. The COVID-19 pandemic and the turbulence in the region continue to adversely impact our national economy and upcoming projects. Further, the activation of the Defense Law in response to the COVID-19 outbreak, has directly affected the way companies and the public sector do business. Whilst the economic strains continue to be felt worldwide, imposed curfews and lock-down measures have also led to greater utilisation of online and remote working solutions. As will be seen in the upcoming articles, the Jordanian Government had previously begun to utilise online sources (including, the creation of a security registration platform); the current realities have, however, further kick-started such initiatives and we are now beginning to see the operation of online portals for registration of companies, court submissions, and compliance with regulatory filings.
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