On 2 October 2023, the UAE issued Federal Law No. 54 of 2023, which amended Federal Law No. 14 of 2018 on the Central Bank and the Organization of Financial Institutions and Financial Activities (the “Central Bank Law”) and changed the definition of currency to include a “National Digital Currency”. The amendment to the Central Bank Law was published in the Official Gazette on 31 October 2023. Article 57.4 of the Central Bank Law has…
In brief In September 2023, the Saudi Authority for Data and Artificial Intelligence (SDAIA) published the “AI Ethics Principles”, intending to support the Kingdom’s effort towards achieving its vision and national strategies related to adopting AI technology. SDAIA has analyzed global practices and developed the AI Ethics Principles to limit the negative implications of AI systems, help companies ensure the responsible use of those systems and protect the privacy of individuals and their rights concerning…
On 13 September 2023, the Communication Space & Technology Commission of Saudi Arabia (CST) proposed a draft law on Global Digital Content Safe Harbor (please find the draft law here). The proposed law is aimed at providing a legal framework for intermediary service providers hosting and transiting global digital content in the Kingdom of Saudi Arabia (KSA) in a way that ensures no objection, deletion or modification of content hosted in and accessible within the…
The law addresses for the first time the processing of personal data via autonomous and semi-autonomous systems In brief On 7 September 2023, the Dubai International Financial Centre (DIFC) enacted amendments to Data Protection Law No. 5 of 2020 (“DIFC Data Protection Law”) which came into force starting on 1 September 2023. These amendments were preceded by a 30-day public consultation launched by the DIFC in April 2023. The amendments are aimed at enhancing the…
On 3 September 2023, Ministerial Resolution No. 3568, dated 07/01/1445H (corresponding to 25 July 2023), which was issued by the Minister of the Ministry of Human Resources and Social Development (MHRSD) regarding the disclosure of training data, has come into effect. The Resolution provides that entities that employ 50 or more employees must annually declare training data on their Qiwa portal in accordance with the Resolution’s accompanying Procedural Guide. The Guide states that an entity…