The final Law Update of 2022 is here, and it’s packed full of articles. The double edition features two focus areas, first is a spotlight on Energy and Resources and second we feature a collection of articles on Transport and Logistics. The developments occurring in these sectors in the MENA region are unprecedented and our lawyers cover vast themes for you.
The Energy and Resources focus features topics such as diversifying energy resources, solar PV, mining in the Middle East, renewable energy and green hydrogen. From a transport perspective, we draw attention to the Bahrain metro project, discuss the challenges and remedies associated with the repossession of an aircraft, and there is advice on what to consider should a party vary the terms of a shipping contract.
This edition navigates you through updates from across jurisdictions such as, Oman, Jordan, Saudi Arabia, Egypt, Iraq, Qatar, and the UAE. Each article is timely and provides insights into legal issues and cases that are affecting these sectors across the region.Read the full edition
Abu 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.