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ESG

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In brief The United Arab Emirates (UAE) has constantly been a pioneer in the region when it comes to making decisions to protect the environment and limit the spread of plastic waste, which poses a significant danger to the environment and wildlife. On 30 December 2023, the Dubai Executive Council issued Decision No. 124 of 2023 to regulate the usage of single-use products in the Emirate of Dubai (“Decision”), in support of the previous Dubai…

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…

In brief The Emirate of Dubai continues to strengthen its leading position as a top global business and tourist destination. As the development of visionary architecture and futuristic landscapes are aligned with ambitious sustainability targets, a new real estate law has been introduced to further support sustainable development and urban growth in Dubai. With the issuance of Law No. 16 of 2023 on Urban Planning in the Emirate of Dubai (“Urban Planning Law”), new regulations…

In brief The Government of Egypt has now expressly recognized the production, storage and export of green hydrogen and green ammonia among the areas falling within the state’s economic development strategy. It has also passed a decree that would allow green hydrogen and green ammonia projects to benefit from a wide range of state support under the country’s existing Investment Law No. 72 of 2017 (“Investment Law”), including tax incentives. This is a key development…