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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.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, passed a new law relating to the manner in which outdoor and public space advertising is approved and displayed in the Emirate. Decree No. 06 of 2020 regarding the regulation of advertisements in the Emirate of Dubai was passed into law on 20 February 2020. Decree 6 of 2020 is limited in scope to the various forms of outdoor and physical advertising that can be placed within the Emirate.
The law repealed an earlier Local Order from the Dubai Municipality (Local Order No 6 of 1986) that applied to the same activity. The differences between the Local Order and Decree 6 of 2020 are minimal, but may prove to be important.
The new decree includes clarifications of the penalties for non-compliance (up to AED 15,000), which can be multiplied in the case of repetition of offences.
The above provisions will apply from 20 August 2020.
Fiona Robertson
Senior Counsel, Head of Media
Technology, Media & Telecommunications
f.robertson@tamimi.com
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