Rany Rifaat

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.

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Eyes
On 2025

Legal Updates in
Middle East & North Africa

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.

The leading law firm in the Middle East & North Africa region.

Rany Rifaat

Associate

Biography

Rany, a UK national, joined the White Collar Crime & Investigations practice of Al Tamimi & Company in 2023 after completing his training and qualification at a magic circle firm in London and Dubai. He pursued postgraduate studies in Law in 2019 before embarking on his legal career.

Previously, Rany has worked on various matters including DIFC commercial litigation, construction arbitration, and data protection regulatory advice. Since joining Al Tamimi & Company, he has been involved in a wide range of white-collar crime cases across multiple Middle Eastern jurisdictions. These include investigations, Interpol Red Notices and extradition cases, anti-money laundering and counter-terrorist financing, anti-bribery and corruption regulatory compliance advice, and the implementation of international best practices for drafting AML policies.

In his recent casework, Rany has advised on the implementation frameworks for domestic and international AML compliance requirements, drafted internal anti-fraud and anti-corruption policies for multinational companies in accordance with domestic laws and country risk profiles, conducted and prepared investigation reports, and assisted in extradition and red notice matters.

Recent Experience

Secondment to a European automobile company to assist with an internal monitoring and compliance program.
Providing best practice guidance and tailored AML risk assessment for the government-owned entity.
Advising a GCC energy company in relation to an investigation into potential fraud and bribery conducted by an employee.
Advising a GCC government-owned entity in relation to an investigation into potential white-collar offences conducted by board members and senior managers.
Advising a pharmaceutical company in relation to money laundering, bribery, and corruption charges in connection with an Interpol red notice and extradition request.
Advising an EU citizen in relation to money laundering and tax fraud charges in connection with an Interpol red notice and extradition request.
Advising various private and government-owned regional entities on their compliance with regional anti-bribery and corruption, anti-money laundering, and terrorist financing laws, and conducting comprehensive gap analysis of internal policies.
Advising various private and government-owned entities in relation to specific anti-bribery and corruption, and anti-money laundering queries.

Language(s)

English

Education

2019 – MA (Hons) Legal Practice Course with MSc in Law and Business Management, BPP University London Holborn
2013 – BA (Hons), Law LLB, Queen Mary University of London