Global

Policy & Legal Updates

UAE Attracts Cross-Border Business Expansion Through Legal and Corporate Tax Frameworks

The United Arab Emirates has become an increasingly prominent destination for international business expansion due to practical connectivity, foreign ownership reforms, and structured corporate frameworks. However, cross-border businesses must manage regulatory requirements including the 9% corporate tax regime introduced in 2023, economic substance rules, and exhaustive bank due diligence. Choosing between free zone and mainland corporate vehicles remains critical depending on target markets and licensing requirements.

Industry News

IEA Chief Says 100 Million-Barrel Reserve Release Pushes Oil Prices Lower

International Energy Agency (IEA) Executive Director Fatih Birol stated that oil prices have begun falling after an agreement to release 100 million barrels of emergency oil and fuel reserves. Birol reported crude prices dropped by about $5 following the announcement, which prioritises diesel alongside crude oil. The emergency initiative, coordinated with G7 nations, aims to ease tight fuel supply and lower global transportation costs.

Policy & Legal Updates

UAE Enforces Mandatory Pre-Load Filing for Inbound Sea Containers from October 2026

The UAE National Advance Information Center has implemented mandatory advance cargo reporting for maritime container shipments starting October 1, 2026. Under the Maritime Pre-Load Cargo Information program, carriers and freight forwarders must submit bill of lading details prior to foreign port loading or face potential Do Not Load orders.

Industry News

Brent Surges Past $102 per Barrel Amid Hormuz Transit Risks and Chinese Export Curbs

Brent crude climbed past $102 per barrel on October 2, 2026, driven by Strait of Hormuz transit concerns and fuel export suspensions by Chinese refiners. Middle East crude exports recovered to 17.5 million barrels per day, while refined product shipments remained constrained at 58% of pre-disruption levels.