Mohammad Bin Rashid Partially Amends Law Regulating Security Industry

The new Law amends Article (21) of Law (12) of 2016

Dubai: In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Shaikh Mohammad Bin Rashid Al Maktoum issued Law No (3) of 2018, which partially amends Law No (12) of 2016 pertaining to the regulation of the security industry in Dubai.

The new Law amends Article (21) of Law (12) of 2016. Pursuant to the amended Law, any violation of Law No (12) of 2016 or its executive rules can invite fines of up to Dh500,000. The fine can be doubled if the violation is repeated within a year, up to a maximum of Dh1,000,000.

The Chairman of the Dubai Executive Council may issue a resolution to define the violations under the purview of this Law and the fines for such violations.

This Law is effective from the date of issuance and will be published in the Official Gazette.

Law No (12) of 2016 seeks to regulate the security industry in Dubai through clear policies and procedures, establish a framework for standards and specifications for preventive security systems, oversee security service providers and support Dubai’s official security bodies.

According to the Law, the Security Industry Regulatory Agency (SIRA) is the government entity responsible for licensing and monitoring security service providers in Dubai.

Loading...
RECENT NEWS

Saudi Asset Management Industry Passed SR1tn For First Time

Saudi Arabia assets under management sector tipped to pass $350bn next year    Read more

Global Financial Firm Lazard Bets On UAE Growth With Abu Dhabi Office Launch

The move is seen as Lazard’s commitment to deepening its presence in MENA, serving as a trusted advisor to clients ac... Read more

PayPal, TerraPay Partner To Boost Real-time Digital Transfers Across Middle East And Africa

The MENA digital payments market, estimated at $251.34 billion in 2025, is expected to reach $422.56 billion by 2030 Read more

Goldman Sachs Alternatives Acquires Majority Stake In UAE HR Firm PeopleStrong

The acquisition underscores the company’s ambitious growth strategy in the GCC region Read more

Al Salam Bank Announces Details Of Its 2025 Danat Savings Scheme

The biggest reward programme in Bahrain to offer prizes worth $10.6 million, including three grand prizes of $2.65 mill... Read more

Saudi Arabia Sees Surge In Cashless Payments As It Adopts Digital Transactions

Saudi Arabia uses digital technology for 79 per cent of retail payments Read more