The UAE Ministry of Finance has issued Ministerial Decision No. 197 of 2026 amending executive provisions for the national e-invoicing system. The update introduces a 24-month temporary exemption for intra-tax group transactions starting January 1, 2027, and removes domestic data storage mandates.
Dubai Aviation Engineering Projects has awarded an estimated AED 10 billion ($2.7 billion) contract to a joint venture of CCECC and Abu Dhabi-based Tristar Engineering & Construction. The package covers substructure works for the new West Terminal at Al Maktoum International Airport. The project advances the AED 128 billion expansion aiming for operations by 2032.
The UAE Ministry of Industry and Advanced Technology concluded its participation in the China International Industry Fair 2026 in Shanghai on October 19, 2026. The delegation held bilateral meetings with Chinese automation and robotics firms to explore pilot automation projects and local distribution networks. The initiative supports the UAE's 'Factory Forward UAE' programme to advance smart manufacturing across domestic industries.
Abu Dhabi National Energy Company (TAQA) has mandated banks and released initial price thoughts for a dual-tranche US dollar-denominated green bond offering. The Abu Dhabi-listed utility is marketing the long five-year tranche at around 130 basis points over US Treasuries. The senior unsecured notes will be issued under Rule 144A and Regulation S formats with listing planned on the London Stock Exchange.
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