Banking and finance

Economic Liberalization in Kuwait: Welcome, Foreign Investors
Economic Liberalization in Kuwait: Welcome, Foreign Investors

The business and economic landscape of Kuwait just changed. With the ratification of the first law of 2024: Law Regarding the Amendment of Article 24 of the Commercial Law and Article 31 of the Public Tenders Law (1/2024) (the “Foreign Company Amendments Law”) on 21 January… Read more

Meysan’s Cairo Office Secures Moustafa El Sirty’s Immediate Return to Squash After Overturning ITA’s Two-Year Suspension
Meysan’s Cairo Office Secures Mo...

The Cairo office of Meysan successfully represented professional squash player, Moustafa El Sirty, resulting in his return to the courts with immediate effect after the International Testing Agency (ITA) had sought to impose a two-year suspension. In January of 2023, the ITA informed El Sirty that… Read more

New premium residencies in the Kingdom of Saudi Arabia
New premium residencies in the Kingdom...

The Kingdom of Saudi Arabia has introduced a series of groundbreaking premium residency options. Dr. Majid bin Abdullah Alkassabi, Chairman of the Premium Residency Center announced five distinctive categories—special talent, gifted, investor, entrepreneur, and real estate owner residencies. This strategic move, harmonizing with Vision 2030's objectives,… Read more

Meysan Partners advises Ooredoo Kuwait in connection with the creation of MENA’s Largest Tower Company Valued at US$2.2 billion
Meysan Partners advises Ooredoo Kuwait...

Meysan Partners is pleased to announce its pivotal role in advising Ooredoo Kuwait on a landmark transaction involving its towers in Kuwait for the creation of the largest independent tower company in the MENA region, boasting a combined value of 2.2 billion USD. Our team at… Read more

The Egyptian Competition Authority Sharpens its Teeth in Light of Government Strategy
The Egyptian Competition Authority Sha...

The Egyptian Competition Authority (the “ECA”) has traditionally been known for its aggressive stance towards historically tolerated anti- competitive acts. To live up to its slogan, “a stronger economy…for a better life”, it recently began shifting its focus to awareness-raising (in parallel with enforcement), a much-needed… Read more

Kuwait’s Economic Liberalization Measures
Kuwait’s Economic Liberalization Mea...

Recently, Kuwait has initiated some significant economic liberalization initiatives. Kuwait’s National Assembly enacted major reforms to the Commercial Law and Public Tenders Law, effectively removing the longstanding requirement for foreign companies to operate through local agents within the country. On July 16, 2023, the Financial and… Read more

Introducing the 30-year Tax Relief Attracting Foreign Companies into the Kingdom of Saudi Arabia
Introducing the 30-year Tax Relief Att...

On 5 December 2023, the Ministry of Investment of Saudi Arabia (“MISA”), in collaboration with the Ministry of Finance and the Zakat, Tax and Customs Authority (“ZATCA”), officially announced a 30-year tax relief program as an incentive to attract foreign global companies to establish their regional… Read more

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