Book an appointment with us, or search the directory to find the right lawyer for you directly through the app.
Find out moreThe first Law Update of 2024 is here, and our first focus of the year spotlights Healthcare and Lifesciences, a sector that is undergoing significant growth and development across the MENA region.
Our focus provides an insight into some of the most important regulatory updates across the region, such as the UAE’s groundbreaking law on the use of human genome, Kuwait’s resolution on nuclear and radioactive materials, the new regulations for healthcare services in Qatar, Egypt’s healthcare regulatory framework, and the impact of the Saudi Civil Transactions Law on the healthcare and life sciences sector … and there is so much more!
Beyond the healthcare pages our lawyers share with you multi-sector insights where you will discover articles on Dubai’s DIFC regulatory framework for startups, Bahrain’s commercial agencies law, and we also shed light on Kuwaiti civil code and the advantages of setting up a joint stock company in Saudi Arabia.
Read the full editionLaw no. 170 of 2020 in respect of the joint contribution to face some of the economic repercussions resulting from the spread of pandemics or natural disasters occurrence (the “Law”) has been issued. The said Law provides that 1% of the net income of the employees resulting from their work shall be deducted monthly and for a period of twelve months. Additionally, 0.5% of the net receivables from the pensions established in accordance with the Social Insurance Law shall be deducted as a contribution to face economic repercussions resulting from the spread of pandemics or the occurrence of natural disasters.
Employees working in the public and private sector shall be subject to the provisions of this Law.
It is permissible by a decision from the Cabinet, the proposal of the Minister of Finance and other competent Ministers, to exempt employees working in the economically affected sectors from this contribution whether in whole or in part.
It is also permissible to increase or shorten the deduction period mentioned above or to specify the period during which the deduction will be made in the future. It is not permissible to increase the total period of deduction for more than twelve months except after obtaining an approval from the House of Representatives.
The following employees shall be exempt from the deductions mentioned above:
Nadine Khaled
Senior Associate, Employment & Incentives – Egypt
n.khaled@tamimi.com
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.