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United Kingdom: Bill Introduces New Agency for Cutting-Edge Scientific Research

(Apr. 8, 2021) On March 2, 2021, the government of the United Kingdom (UK) introduced the Advanced Research and Invention Agency Bill. The bill provides for the establishment of an independent agency known as the Advanced Research and Invention Agency (ARIA) and sets out the legislative framework that details how the agency should be governed. […]

Argentina: Congress Passes New Law Requiring Congressional Approval for Public Debt

(Mar. 11, 2021) On March 3, 2021, Argentina’s Congress passed Law 27612 on Public Debt Sustainability, which provides that financing agreements with any international organization must be approved by law. The General Budget Law of the National Administration for each fiscal year is now required to provide a maximum percentage amount assigned to the issuance […]

Brazil: Chamber of Deputies Approves Autonomy of Brazilian Central Bank

(Mar. 2, 2021) On February 10, 2021, the Brazilian Chamber of Deputies approved Draft Law No. 19/2019, which grants autonomy to the Brazilian Central Bank (Banco Central do Brasil). The law defines the period for the mandates of the president and directors of the Central Bank, which must not coincide with that of the president […]

United Kingdom: Government Publishes Public Consultation on Environmental Impact of Commercial Spaceflight

(Mar. 2, 2021) On February 10, 2021, the United Kingdom’s government published a consultation (survey) seeking the public’s opinion about the environmental objectives the U.K.’s spaceflight regulator must consider when determining whether to grant a spaceport or launch operator license, along with guidance on how the regulator must implement these objectives. The government acknowledges both […]

Qatar: New Cabinet Resolution Regulating Real Estate Ownership by Foreign Nationals

(Jan. 5, 2021) On October 6, 2020, Qatar’s Ministry of Justice announced the establishment of the Office for Non-Qatari Real Estate Ownership. The main objective of this office is to provide foreign nationals who want to reside or invest in the state of Qatar with all the necessary requirements for the purchase and sale of […]

Algeria: National Bank Officially Launches Islamic Banking

(Nov. 23, 2020) On August 4, 2020, Algeria’s National Bank officially launched Islamic banking as the first state-owned bank to practice Islamic banking services in Algeria. The launching of Islamic banking on the level of state-owned banks is in accordance with the government’s efforts to establish a more effective and diversified national financial market. The […]