Our first edition of 2022 focuses on Healthcare and Life Sciences. It is a sector that will once again have the spotlight on it this year as we continue to tackle COVID-19 and its subsequent variants. While the pandemic continues to challenge the sector, governments across the region forge ahead with their plans to expand and upgrade healthcare systems and develop robust world-class healthcare infrastructure.
For the region, healthcare is a vital pillar in diversifying its economies, both locally and as medical tourism hubs. To underpin this, healthcare authorities across the region continue to implement frameworks and regulations that provide structure and accountability.
In this edition, you have unique access to great insights and expert commentary on a number of pertinent healthcare regulatory developments. You will find a topical mix of articles; for example, our lawyers discuss vaccines and returning to work during the pandemic. They take you through several other areas, including stem cell research in Bahrain, clinical research laws in Egypt, and Saudi medical device and pharmaceutical laws.Take a read of the edition
The Middle East and North Africa (MENA) region continues to evolve and diversify socio-economically, strengthening its position as a hub for tourism, healthcare, and business. The region has become a hotbed for investment opportunities across various sectors, such as energy, technology, digital, financial services, real estate, and construction, to name a few.
It is well known that several MENA states have focused on reorienting their economies to reduce their dependence on fossil fuel exports. Notable frameworks that have been implemented to aid this include; Saudi Arabia’s Vision 2030; which targets reduced dependence on oil, diversification of its economy, and development of its public sector. Qatar’s National Vision 2030, which focuses on four pillars: economic, social, human, and environmental development. Similarly, the United Arab Emirates and Egypt have put in place comprehensive plans to advance their economies.
Like its neighbour’s, diversification has been at the heart of Bahrain’s economic development. To aid this, His Majesty King Hamad bin Isa Al Khalifa launched The Economic Vision 2030 in October 2008. It focuses on shaping the vision of the government, society, and the economy, based around three guiding principles; sustainability, fairness, and competitiveness. From a business perspective, Bahrain operates an agile Government that works with the private sector to ensure reduced entry barriers for organisations. An example of this is Amazon Web Services Middle East, basing itself in the Kingdom.
We established our office in Bahrain in 2014 based on opportunity, demand, and the business-friendly operating environment. It continues to be a key market for us and since we opened our doors we have continued to grow our footprint in the Kingdom. Our commitment was recognised at the 2021 Oath Middle East Legal Awards, where we were named Law Firm of the Year – Bahrain. This is testament to our team and the in-house expertise we have built to support our clients.
This edition of Law Update will focus on Bahrain, a significant market in MENA for both regional and international organisations. Our lawyers will provide insights and expert commentary on pertinent legal topics. Articles include; an interview discussing the real estate market with the CEO of Bahrain Real Estate Investment Company (Edamah). Commentary on Bahrain’s competition law, amendments to its commercial companies’ law, SME growth subsides, and there is an article about implementing salary reductions. That is not all; there are many more articles for you to read in this standout Bahrain Focus.
In addition, you will find several general articles including (but not limited to) – Egypt’s Debut in the Islamic Finance Market, Successfully Influencing Social Media Platforms by Influencers, Brands and Could Computing and Data in Kuwait.
In the final section of this edition, we share real-life judgments that provide context to the legal landscape across the region.
I hope you enjoy this issue, and should you have any comments or questions, please do not hesitate to reach out to me or any of the lawyers who have contributed.