Policy update

Policy & Legal Updates

China Issues Guidelines to Accelerate Development of New Quality Productive Forces

The Communist Party of China Central Committee and the State Council have jointly issued guidelines on developing new quality productive forces. The policy document outlines 19 key measures across five areas of innovation, defining the initiative as an intrinsic requirement for high-quality development. The directive emphasizes innovation-driven growth, local adaptability, and balancing self-reliance with opening up.

Policy & Legal Updates

Dubai Enacts Law Establishing Dubai Orchestra Foundation to Support Performing Arts

Sheikh Mohammed bin Rashid Al Maktoum has issued Law No. 20 of 2026 establishing the Dubai Orchestra Foundation. The entity is tasked with developing the emirate's orchestral music ecosystem, safeguarding Emirati musical heritage, and encouraging investment in performing arts. It will also set up a local orchestra, host international ensembles, and expand music education initiatives.

Policy & Legal Updates

UAE Ministry of Finance Updates E-Invoicing Service Provider Accreditation Rules

The UAE Ministry of Finance has issued Ministerial Decision No. 168 of 2026, updating accreditation procedures and eligibility criteria for electronic invoicing service providers. The decision took effect on October 1, 2026, repealing the previous 2025 decision and ending the pre-approval framework. Providers with preliminary approval have 30 days to meet the new direct accreditation standards.

Policy & Legal Updates

UAE Updates E-Invoicing Accreditation Rules and Sets 30-Day Transition Window

The UAE Ministry of Finance has issued Ministerial Decision No. 168 of 2026, transitioning the country's electronic invoicing regime from a pre-approval process to direct accreditation. The new regulations took effect retroactively on October 1, 2026, granting previously approved providers a 30-day compliance window. Providers may continue utilizing third-party Peppol solutions but remain directly responsible for regulatory compliance.