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Find out moreWe are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.
Read the full editionAbu Dhabi Global Market (ADGM) has announced a new “Tech Startup License” that gives startups the space, structure and support to develop their business model and prove their concept.
This new license:
This new license follows the UAE Cabinet decisions announced earlier in May and supports the UAE’s efforts to diversify the economy, encourage local innovation, and make the investment rules friendlier to small and medium enterprises. There is tremendous interest in this new license considering the large number of startup incubators, accelerators, financiers and professional service providers available in Abu Dhabi and the UAE.
ADGM is building on its experience in hosting fintech startups through its Fintech Regulatory Laboratory (Fintech RegLab). It is supporting fintech startups and helping foster innovation within the UAE financial services market for both new market entrants and existing financial institutions. ADGM’s long-term goal is to develop Abu Dhabi as the premier FinTech hub in the MENA region.
Al Tamimi & Company are experts on ADGM. Contact Hassan Al Jarrah and Nasouh Raslan for advice and assistance.
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