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calendar_today2023-12-24
The AI Act: Winds of Change Blowing Towards a Trustworthy Future
Insights
The tech landscape is shifting underfoot, and the EU is leading the charge. With the landmark adoption of the AI Act (Regulation (EU) 2023/2036) on December 8th, 2023, Europe isn't just shaping the future of AI – it's setting the global standard for its ethical and legal governance. But what does this mean for you? Are you a curious citizen eager to grasp the implications? A tech-savvy entrepreneur navigating the new terrain? Or perhaps a legal eagle grappling with the ever-evolving world of AI? Well, fasten your seatbelts, because we're about to embark on a deep dive into the AI Act, exploring its impact and unlocking the hidden opportunities it presents.
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calendar_today2023-12-13
Key Insights into Jordan’s Landmark Data Protection Legislation
Insights
In a significant move for digital privacy, Jordan has enacted its new Data Protection Law, No. 24 of 2023. This significant legislation, inspired by the GDPR, brings forward critical advancements in personal and sensitive data protection, integrating principles like data integrity, storage limitation, and data minimization, tailored to Jordan's context (Article 1).
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calendar_today2023-12-02
Reducing Disputes in the Palestinian Construction Industry
Insights
What is FIDIC?
FIDIC is headquartered in Switzerland and serves as a platform for consulting engineers to exchange knowledge, best practices, and standards and to collaborate on projects and initiatives that advance the field of engineering consulting. Additionally, FIDIC has developed a set of widely recognized standard forms of contract for use in construction and engineering projects, commonly used in international construction contracts.
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calendar_today2023-10-06
Doing Business in Palestine: The Benefits of Setting Up a Foreign Branch Company or a Repr
Insights
Palestine's unusual geographical position makes for a one-of-a-kind business environment. The region has demonstrated development potential and resilience in vital economic sectors such as services, tourism, agriculture, and innovation. According to the World Bank, the economies of the West Bank and Gaza are booming compared to other countries. Palestine ranked highly in two categories: tax collection (55th worldwide, 10th in the region) and investor security (49th globally, 4th in the region). The Investment Promotion Act and the Palestinian Investment Promotion Agency, which serves as the investment promotion authority, provide investors with robust investment support mechanisms. Investments are made and monitored by the Industrial Estate and Free Zone Authority (PIEFZA).
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calendar_today2023-10-04
How can Bankable Power Purchase Agreements (PPAs) play a pivotal role in advancing...
Insights
Palestine faces energy challenges due to heavy reliance on external sources for fuel and electricity, primarily from Israel. This dependency, rooted in political and socio-economic complexities, makes the energy sector vulnerable to external fluctuations. However, renewable energy holds great potential to transform this landscape by boosting the economy, alleviating energy poverty, and ensuring a sustainable energy supply. "Bankable Power Purchase Agreements" (PPAs) are key to this transformation, which provide financial stability, attract investments, and reduce fossil fuel dependence. In summary, backed by bankable PPAs, renewable energy offers a path to energy security, economic growth, and sustainability in Palestine.
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calendar_today2023-10-03
A Closer Legal Look: Zoom’s Pivot to AI Model Training with User Data
Insights
In the 21st century, Artificial Intelligence (AI) has become commonplace. Some view AI as a valuable aid in enhancing and streamlining daily tasks. However, others see it as a crutch for the lazy and reliant. As with any coin, AI has both positive and negative aspects. All the major Tech giants, be it the ChatGPT created by OpenAI or Google Bard, a generative AI chatbot created by Google that uses a similar machine learning process and AI tool that reduces human effort. In September, Zoom announced the launch of its new generative AI tool, 'Zoom AI Companion,' which uses its algorithm to generate real-time feedback in Zoom video conferences/meetings to improve efficiency.
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calendar_today2023-09-25
The Ultimate Guide to Talent Outsourcing in Palestine
Insights
Adaptability, creativity, and access to niche expertise are essential in today's corporate environment. Talent outsourcing is one of the most popular tactics, as it enables companies to find qualified workers worldwide to meet their varying requirements.
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calendar_today2023-09-24
Cybersecurity Laws in Palestine
Insights
In today's interconnected world, it's impossible to overstate the critical importance of cybersecurity. Better technological development and adoption are undoubtedly numerous benefits ranging from an increase in efficiency and access to information worldwide with this digital revolution. The need to protect vulnerable information has also become important. With this digital revolution, any nation is exposed to new challenges, threats, and vulnerabilities that demand attention and comprehensive solutions.
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calendar_today2023-08-18
Global entity management services
Insights
Companies in the modern, interconnected world always seek to broaden their horizons and enter new areas. The difficulty of overseeing operations in multiple jurisdictions, each with its laws and regulations, is a natural consequence of this growth. When managing a company's global operations, the intricacies might be overwhelming without the help of global entity management services. As per a recent survey by EY, 89% of companies have difficulty managing their legal entities.