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Rail Infrasructure Projects in the GCC Rail Projects are always an ambitious and expensive affair every country hopes for, not to mention the long time periods required to complete and establish such projects as operational. While providing extensive environmental benefits, reducing the pollution created by cars and other heavy operational…
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Initial Public Offering - Kuwait Introduction As per Law Number 7 of 2010, Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, Security is defined as, “Any instrument - in any legal form - that evidences ownership of a share in a financial transaction and that is…
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Contracts for Differences in Kuwait Introduction Contracts for Differences (CFDs) is a type of security investment wherein investors make a profit from the difference of a company’s fluctuating stock value in the market. CFD is a form of derivative trading, formed as an agreement between an investor and a CFD…
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Copyright Registration in the Middle East Admittedly, the Middle East has something of a "Wild West" reputation, when it comes to some business behaviors. One of the most protuberant of these is the Middle Eastern perception of copying someone as a form of flattery, rather than as theft. In this…
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Extradition Treaty of UAE In International Law, extradition is when one state (Requesting state) requests another state (Requested state), to effect the return of a person for trial for a crime punishable under the Requesting state's laws and committed outside the Requested state (state of refuge). The extraditable person could…
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CCTV & Invasion to Privacy in the GCC The world in this millennium is techno-dependent for almost every aspect of life whether its payment of debts through credit card, entering into contracts by parties distant through online, i.e. e-contracts, e-booking of railway or air tickets and even social networking platforms.…
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Distribution of Pharmaceuticals, Medical Devices and Medicines: Kuwait Introduction The area of the Gulf Cooperation Council (GCC) is regarded as an "emerging market" for pharmaceutical exports and bilateral trade. Learning this region's regulatory requirements can be beneficial for pharmaceutical exports. The Gulf countries ' regulations promote the importation of quality generic…
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A Guide to Patent Infringement: A Global Perspective Ideas and innovation are the cornerstones of any successful corporation. Given that modernisation and globalisation has had a significant impact on corporations, it is only fair that the ideas defining these businesses are given protection from being misused, manipulated or stolen. Stolen…
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Enforcing Foreign Awards in Kuwait Introduction With the world ever moving towards a more globalised structure, clarity and cooperation are more important than ever. The move towards a more integrated world has been occurring for decades, most notably following the end of the Second World War. Some of the most…
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Guide on Tax in UAE, Saudi Arabia, Kuwait, Bahrain and Oman Introduction: Gulf co-operation council is the abbreviated form of GCC. It came into force in 1981. It is the union of all Arab state except Iraq and UAE is one of its member states. Saudi Arabia has head first…
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Short Term Contracts for Transportation of Petroleum Introduction The Oil and Gas industry has regularly witnessed extensive discussions about the decrease in the term of the natural gas contracts, and many have encountered different unforeseen results which relate to such diminishment. Usually, the best associates of long-term contracts for pipeline…
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A Guide to Information Security and Data Protection Laws in GCC Countries New challenges have arisen with the technological development along with the social and economic globalization. It can be said that our entire personal data is being stored in the gadgets we use. Internet today has brought millions of…
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Kuwait Company Formation The business environment in Kuwait is dynamic as well as flexible. Kuwait is changing and undergoing a massive expansion in the construction industry, and the new law on companies is providing a more realistic and practical perspective than the previous companies law. The Commercial laws in Kuwait…
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Differences between EPC and Design-Build delivery- English Law compared with GCC Any manufacturing company primarily delves on the basics of production efficiency, innovation, cost management and time to market which are the critical factors for achieving a competitive advantage. The company needs to achieve its business strategy, and thus a…
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