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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
Al Tamimi & Company, the largest law firm in the Middle East, has launched their latest investment handbook “Setting up in Abu Dhabi – a comprehensive handbook on the legal aspects of setting up a business in Abu Dhabi”, written by the firm’s founder and senior partner Essam Al Tamimi. The handbook was officially launched today (Tuesday May 24th) at an evening reception at Cipriani on Yas Island, Abu Dhabi.
The handbook is a detailed guide for companies and individuals wishing to set up in business or invest in Abu Dhabi and provides a complete analysis of the business environment in the UAE capital. It provides an overall insight into the Emirate’s political, social and economic structure, laws, rules, registration and licensing of companies and employment regulations.
The handbook outlines the Emirate’s structure at country, federal, regional and international level. The accession of the UAE to the World Trade Organisation in 1996 highlighted its commitment to a regulatory environment and business practices designed to provide international best practices in efficiency and security for investors and lenders to the country. This commercial and industrial environment, the dynamic and stable nature of the local economy and fiscal regime, as well as a policy of ongoing deregulation in high value sectors such as telecommunications, creates significant new investment opportunities.
In addition, there is dedicated information on housing, accommodation, health and education, transport, leisure activities and local customs and traditions that impact the business and recruitment environment.
Commenting at the launch of the handbook, author Essam Al Tamimi said: “As the capital of the UAE, investing in Abu Dhabi is both challenging and exciting. The local economy is booming due to high oil prices, however, the Abu Dhabi Economic Vision 2030 outlines the Government’s programme to reduce its reliance on the oil sector and diversify into knowledge based sectors. The new handbook offers a guide for investors, entrepreneurs and international corporates on how to access these opportunities in Abu Dhabi.”
Stephen Forster, head of Al Tamimi’s Abu Dhabi office added: “The planned US$40bn development of a new capital, Khalifa City is at the heart of the Government’s vision for the future together with a number of other major transformational infrastructure projects. This new handbook provides an overview and an invaluable first step for those planning to invest in this fast growing economy.”
This is the fifth in a series of inward investment handbooks by Essam Al Tamimi which now cover setting up in Dubai, Qatar, Sharjah and the Dubai International Financial Centre.
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