The Registration Authority of Abu Dhabi Global Market has imposed financial penalties totalling $100,000 on PKF Accountants and Business Advisers LLP and its audit principal. The penalties follow an inspection that uncovered failures to adhere to International Standards on Auditing and inadequate fraud risk assessments. PKF received a $65,000 fine, while its audit principal was fined $35,000.
United Arab Emirates stock markets ended mixed on Friday as regional tensions eased following remarks from US President Donald Trump regarding Iran. Dubai's benchmark index broke a three-session decline to close 0.3% higher, driven by gains in Emirates NBD and Emaar Properties. Abu Dhabi's index finished lower, pressured by drops in basic materials, telecoms, utilities, and First Abu Dhabi Bank.
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.
Nissan has confirmed that its all-new Navara Pro pickup truck will launch in the UAE and the wider Middle East by the end of 2026. The vehicle is the first Nissan model developed and manufactured in China specifically for global export. Regional options will include a 244 hp 2.0-litre turbocharged petrol engine and a 2.3-litre diesel unit.
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