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Policy & Legal Updates

Cone Marshall Urges Multi-Jurisdiction Wealth Coordination Amid UAE Tax and Reporting Scrutiny

Speaking at the Hubbis Wealth Planning & Structuring Forum in Dubai, Cone Marshall Group's UAE Managing Director Joy Lahoud highlighted the need for coordinated cross-border wealth structures. He noted that heightened global tax scrutiny and the introduction of UAE corporate tax require structures that satisfy regulatory review across multiple jurisdictions. Lahoud emphasized the importance of unified planning among bankers, lawyers, tax advisers, and fiduciaries.

Policy & Legal Updates

UAE Family Office Planning Requires Clear Sequence and Operational Substance, Advises Shah

Speaking at the Hubbis Wealth Planning & Structuring Forum in Dubai, FAME Advisory DMCC founder Nirav Dinesh Kumar Shah emphasised that families must define their objectives before creating structures. Shah highlighted the transition from holding companies to full family offices, noting that UAE tax authorities are actively reviewing corporate returns and free-zone substance. He stressed that cross-border wealth structuring requires aligning residency, governance, and real operational substance with intended tax positions.

Industry News

Rubio Claims Iran Exports No Oil via Hormuz Amid Ongoing Gulf Shipping Tensions

US Secretary of State Marco Rubio claimed that Iran is currently exporting no crude oil through the Strait of Hormuz amid strict US naval containment and sanctions. In response, Iranian Foreign Minister Abbas Araghchi blamed the US and Israel for maritime instability and called for diplomatic solutions. Regional disruptions have also prompted Saudi Arabia to postpone its Future Investment Initiative conference in Riyadh.

Industry News

Saudi Arabia Postpones 10th Future Investment Initiative Summit to 2027

Saudi Arabia's Future Investment Initiative Institute has postponed the 10th edition of its flagship investment summit, originally scheduled for October 26–29, 2026, in Riyadh, until 2027. FII Institute CEO Princess Dr. Maha Bint Mishari Al Saud said the decision aims to ensure the milestone event delivers its full scale and international impact. The institute confirmed that existing registrations and partnerships remain valid, with revised dates to be announced soon.