Policy & Legal Updates

Iran Approves 42 Foreign Investment Projects Worth $228 Million Including China and UAE

Iran's Foreign Investment Board has approved 42 foreign investment applications valued at $228 million across multiple economic sectors, according to the Ministry of Economic Affairs and Finance. The approved capital includes funding from investors in China, the United Arab Emirates, Russia, the United Kingdom, and other nations. Since March 21, 2026, the board has cleared 398 foreign investment projects totaling $3.2 billion.

Policy & Legal Updates

UAE-Led Operation Ghost Confrontation Identifies $39 Billion in Fraud-Linked Assets Across 30 Nations

A three-month international law enforcement crackdown led by the UAE Ministry of Interior identified over $39 billion in fraud-linked assets and thwarted more than 123 million online fraud attempts worldwide. The operation engaged 30 countries—including China and the UAE—alongside international agencies and 13 major technology and financial corporations. Joint enforcement measures led to more than 960 arrests, the freezing of 4,126 bank accounts, and raids on 29 fraud hubs.

Industry News

Parkin Renews 10-Year JLT Parking Agreement With DMCC Covering 2,800 Spaces

Dubai parking operator Parkin Company PJSC has renewed its Parking Management Framework Agreement with the Dubai Multi Commodities Centre for 10 years. Under the contract, Parkin will exclusively operate approximately 2,800 paid parking spaces across Jumeirah Lakes Towers, including 250 motorcycle bays. The agreement also includes plans to install solar power infrastructure to support both entities' sustainability targets.

Policy & Legal Updates

UAE Launches Health Sector Climate Adaptation Plan for 2026 to 2031

The UAE Ministry of Health and Prevention has launched the Health Sector Climate Adaptation Plan (2026–2031) to mitigate climate-related health risks. Announced at the Abu Dhabi Future Health Summit, the initiative focuses on shifting healthcare systems toward risk anticipation and early prevention. The strategy was developed in partnership with the Ministry of Climate Change and Environment and aligns with national adaptation frameworks.