ArchiveMarch 2020

Central Bank Policy on Small Coins

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The Oman Central Bank has announced that it will no longer accepts deposits of small coins, e.g. 100 Baisa and 1 Rial starting from 29 March 2020 to Eid Aladha. The Bank has also said that it will not issue new 100 Baisa and 1 Rial coins for the Eid Aladha. The bank has said this decision aims at improving the circulation of currency to help ensure a reduction in the withdrawal of large value...

Supreme Judicial Council Continues Suspension of Court Hearings

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The Supreme Judicial Council has announced it will continue the suspension of court hearing for the Appeal Court, the First Instance Court, the Committees for Settling Rental Disputes, and the Committees for Settling Labour Disputes starting from 29 March 2020. The aim is to continue efforts combating  COVID-19. The council said in a statement that judges would continue to consider urgent matter...

Internal and International Flight Suspension Extended

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An official source from the Interior Ministry has confirmed that the current precautionary measures against the spread of the COVID-19 impacting transport and employment will continue. Current directives in this area include a continuing of the suspension of working in offices covering all public departments except those which have already been exempted until further notice and the extension of...

DJI Facilitates Remote Access to Resources

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The Dubai Judicial Institute (DJI) has taken steps to provide legal researchers with remote access to research materials in response to COVID-19. Measures include a system of remote electronic notifications about the DJI’s library services. They have also renewed the borrowing system in line with COVID-19 emergency conditions and will continue to provide and feed the system with new...

Banks Classify Customers into Groups for Repayment Postponement

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Banks in the UAE have divided their customers into three groups as part of plans to restructure debts to minimise the impact of the COVID-19. Full story The first group will cover all customers without exception and regardless of the financing they have. This group has been offered a postponement of their monthly repayments for a month without fees but interest will be imposed on them. The second...

Ministry Issues Circular on Contracts for Parties and Events

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The Commerce and Industry Ministry has issued a circular on the subject of contracts signed for hosting parties, festivals, and events requesting that service providers reach amicable agreements with their customers. The request follows orders not host any private parties, festivals, and events. The Ministry has said in a statement that this request is due to its wish to guarantee the stability...

Jeddah Lock Down Times Amended

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An official from the Interior Ministry has revealed a number of decisions have been made as part of the precautions covering COVID-19. The start time of the curfew in the province of Jeddah will be brought forward to start at 3 pm on Sunday 29 March 2020 for the period of time provided in a Royal Order. Entering and exiting the province is also prohibited. However, it is important to note the...

All Activities Suspended Until 30 April

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Sharjah’s Executive Council has announced the suspension of all social and sporting events and celebrations in wedding halls, event halls, hotels, and Government and community facilities have been extended until the end of April.

The aim is to tackle the spread of Coronavirus in the country.

The suspension may be extended again if required.

Banking Limits Announced

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Egypt’s Central Bank has announced it has instructed banks in the country to limit withdrawals and deposits. Individuals will not be able to withdraw more than 10,000 Egyptian Pounds and companies will not be able to withdraw more than 50,000 Pounds. However, companies who are making withdrawals to pay their employees will be exempt. Daily ATM withdrawals and deposits have also been limited...