Policy & Legal Updates

UAE-Led Global Operation Blocks 123m Online Fraud Attempts and Identifies $39bn Assets

A UAE-led international operation thwarted over 123.71 million online fraud attempts and identified more than $39 billion in fraud-linked assets. The three-month crackdown involved law enforcement from 30 countries, including China, alongside international organisations and major private technology firms. The initiative led to the arrest of over 960 individuals, the blocking of 4,126 bank accounts, and raids on 29 fraud centres.

Industry News

Dubai Records 412 Ultra-Luxury Property Deals Exceeding $10 Million in Nine Months

Dubai recorded 412 luxury real estate transactions exceeding $10 million during the first nine months of 2026, totaling $6.67 billion, according to Knight Frank. The deal volume marked a 15.4% increase compared to 357 transactions logged during the same period in 2025. Palm Jumeirah led the ultra-luxury segment, accounting for 31% of sales valued at $10 million or more in the third quarter.

China–UAE News

UAE Industry Ministry Concludes Mission to Shanghai International Industry Fair

A UAE delegation led by the Ministry of Industry and Advanced Technology concluded participation in the China International Industry Fair 2026 in Shanghai. Officials met Chinese firms to explore partnerships in robotics, automation, and smart manufacturing under the Factory Forward UAE program.

Policy & Legal Updates

UAE Updates E-Invoicing Rules and Issues Guidance on Employee Expense Deductions

The UAE Ministry of Finance issued Ministerial Decision No. 197 of 2026, removing mandatory transaction pre-approvals and offering a two-year transitional exemption for internal cross-entity transactions under the Electronic Invoicing System. Concurrently, Federal Tax Authority Decision No. 17 of 2026 clarifies corporate tax and VAT rules for deductible employee expenses including transport, accommodation, and mobile devices.