Find a Lawyer
Book an appointment with us, or search the directory to find the right lawyer for you directly through the app.
Find out more
Level Up: Unlocking Financial Potential In The Middle East
Welcome 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.
A complete spectrum of legal services across jurisdictions in the Middle East & North Africa.
Effective as of 21 January 2024: Foreign companies do not need a local agent to do business in Kuwait
Following the Kuwait law alert we issued last week, Law No.1 of the year 2024 (“Law 1/2024”), amending Article 24 of Decree No. (68) of 1980 promulgating the Commercial Law (“Commercial Law”) and Article 31 of Law No. (49) of 2016 promulgating the Public Tenders Law (“Tenders Law”) has been officially published in the Kuwait Official Gazette dated January 21 2024 and shall take effect from the date of its publication.
We anticipate that each Ministry will issue resolutions relating to Law 1/2024 and provide practical guidance to its implementation in due course.
Please see here for an informal translation of the amendments and the explanatory memorandum.
We are available to offer additional information on this recent development and can assist your organization in navigating the new regulatory landscape.
To learn more about the details of this alert, please reach out to one of our key contacts.
Key Contacts
o.saab@tamimi.comSpread the news
Stay updated
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.
