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Welcome to the latest edition of Law Update titled “Rise of Generative AI.”
In this edition, we dive into the dynamic world of Technology, Media, and Telecommunications (TMT) across the Middle East and North Africa (MENA) region. TMT continues to play a vital role in positioning the region as an international business and social hub, driving significant growth and innovation.
Our focus in this Law Update is on the sector’s ongoing potential to advance and propel the region toward a more digital economy. We explore the benefits of embracing a digital transformation and how local authorities have responded by enhancing regulations to accommodate the evolving TMT landscape.
This edition covers a range of topics, including – the new Telecommunications & Information Technology Law in Saudi Arabia, the intricacies of trademarks in the Metaverse, and the legal challenges faced by the video game industry. Additionally, we take a regional perspective, discussing jurisdictions such as Kuwait, Saudi Arabia, UAE, Oman, and Bahrain to provide a comprehensive understanding of the TMT landscape.
We hope you thoroughly enjoy this packed issue of Law Update, filled with captivating articles that address key legal issues within a vital sector for the region.Read the full edition
Essam Al Tamimi - Chairman - Private Client Services / Arbitration / Litigation / Family Business
Khalid Al Hamrani - Partner, Head of Financial Crime - Financial Crime / Family Business
Ibtissem Lassoued - Partner, Head of Advisory - Financial Crime / Family Business
Faced with unprecedented challenges in the current climate, we have witnessed leaders of our nation become bastions of resilience and positivity for the entire UAE nation. Messages of perseverance, ambition and consideration speak to the power of our national pride and strength in our country, and have resonated with members of the community, including myself. If there is one lesson we have learned from these times, it is that we need to be close to our families and friends to keep us strong, and to our colleagues, our community and Clients to keep us positive.
The motivation behind this special regional Financial Crime edition of the Law Update was to rise to the occasion to provide support to one industry amongst too many that have unfortunately been particularly afflicted by the impacts of the ongoing coronavirus pandemic. The art scene in the UAE is a flourishing example of the diversity and creativity that underpins the success of our country, and plays an important role in advancing our cultural expression. Our collaboration with an emerging UAE-based art initiative in this issue shows the diversity of talent and perspectives that are drawn to our country and provides them with a platform to show their work during this difficult time.
I believe that, in the long term, we can forge some sort of silver lining from the challenges we are all facing and return to the optimistic and ambitious trail that the UAE has blazed for decades. We are determined to remain and will come back stronger. We have faith in our community and the good people of the world who have assisted and taken leadership in fighting this pandemic. Al Tamimi & Company continues to support communities across the Middle East and is committed to adapting to the new normal; finding new ways to revamp old practices and moving forward with positive change.
I hope you enjoy this special Financial Crime edition.
–Essam Al Tamimi, Chairman
This year’s special regional Financial Crime Edition of Law Update is a first for the firm as we have embarked on a collaborative approach with Emerging Scene in the UAE to produce a novel creative concept to cast a spotlight on a local art initiative. Emerging Scene, founded and curated by Rebia Naim, is a Dubai-based outfit that seeks out up and coming artistic talent and elevates their exposure through innovative digital mediums and platforms.
In line with the ways in which all professional industries are having to adapt to a metamorphic work environment, responding to the various pressures that have been applied by the ongoing coronavirus pandemic, this edition has been produced with the future in mind. Optimised for projecting the exciting creativity of new artists to people working remotely, our special edition matches articles covering an array of relevant financial crime topics to curated artworks provided by Emerging Scene. From developing practices in global investigations, and perpetual Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) reform in Middle Eastern jurisdictions, to reinforced anti-corruption legislation and prosecution approaches, we hope that this publication will provide an insight into the darkly capricious risk landscape of financial crime contrasted by a vibrant visual representation of the UAE’s art scene. For any queries on any of the topics included in the issue, please feel free to reach out to us directly.
We would also like to thank Rebia Naim and all of the curated artists of Emerging Scene who have contributed their work to our special edition: Simona Jachimecova, Lauris Zailaa’, Tehos, Oliver Schibli, Yana Rusnak, Mozhdeh Zandieh-Grayson, Myneandyours, Yulia Verigina and Nathaniel Alapide. Information on the artists can be accessed directly from each article.
–Khalid Al Hamrani, Partner, Head of Financial Crime and Ibtissem Lassoued, Partner, Head of Advisory, Financial Crime
ONELOVE, El Hayat 003
Digital Creation and Illustration
120 x 120 cm
Curated by Rebia Naim @EmergingScene
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