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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.
On Thursday 26 February 2020, the UAE’s Federal Transport Authority (the “FTA”) issued Circular No. 2 of 2020 concerning measures against the coronavirus threat. Pertinently, the circular states that:
A day earlier on 25 February 2020, Kuwait’s Ministry of Communications published Circular No. 3 of 2020 entitled “NOVEL CORONAVIRUS ALERT”. This circular instructs that all Kuwaiti sea ports are:
Please get in touch if you require legal advice. Our team of lawyers in 17 offices across nine countries in the Middle East would be available to assist.Kuwait had also earlier in the same week made similar prohibitions on arrivals of ships and persons from Iran. Government and port authorities in the Middle East have recently been issuing directives to combat the spread of the coronavirus via official circulars and the general media, and we expect this trend to continue. We therefore recommend members of the maritime community to stay in touch with various information platforms and their agents.
Omar Omar
Partner, Head of Transport & Insurance – UAE
o.omar@tamimi.com
Gabriel Yuen
Associate, Transport & Insurance
g.yuen@tamimi.com
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