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Find out moreThis special edition of Law Update, marking Al Tamimi & Company’s 35th anniversary, explores the evolving legal landscape of energy and climate law across the region.
As the Middle East prioritises sustainable growth, this edition examines key developments shaping the future of the sector. From the UAE’s Federal Law No. 11 of 2024 to advancements in green hydrogen, solar financing, and carbon capture technology, we spotlight the innovative strides and challenges defining this critical area.
We also go into Saudi Arabia’s initiatives to integrate carbon capture into its industrial expansion and Egypt’s AFRICARBONEX platform, which underscores the region’s commitment to a sustainable and inclusive future.
Join us as we celebrate 35 years of legal excellence and forward-thinking insights, paving the way for a more sustainable tomorrow.
Read NowOver the last few years, the UAE has taken strides to further its commitment towards creating an ecosystem that will generate long-term economic growth through digital innovation. In September 2021, the Securities and Commodities Authority (SCA) and the Dubai World Trade Centre Authority (DWTCA) entered into a Memorandum of Understanding to support the regulation, offering, issuance, listing and trading of crypto assets and related financial activities within DWTCA’s free zone. Separately, DWTCA and Binance announced plans to establish a new industry hub for global virtual assets in Dubai. Additionally, last week, the Dubai Financial Services Authority issued its Consultation Paper No. 143 for the Regulation of Crypto Tokens.
In furtherance of this commitment and in a relatively short span of time, the Emirate of Dubai has issued Dubai Law No. 4 of 2022 dated 28 February 2022 on the Regulation of Virtual Assets in the Emirate of Dubai (“Dubai Virtual Assets Law” or the “DVAL”).
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