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United Arab Emirates

Policy & Legal Updates
Source: Gulf News

UAE Companies Can Now Estimate ICV Scores Ahead of Official Certification

ADEPTS Chartered Accountants has launched a free online ICV Score Calculator for businesses competing for UAE government and semi-government tenders. The tool estimates performance across local spending, investment, Emiratisation, and employee costs using National ICV framework weightings. The firm highlighted that the tool serves as a planning mechanism and does not replace formal certification by authorized bodies.

Industry News
Source: Simply Wall Street

UAE Electric Vehicle Market Projected to Reach $246.3 Million by 2030

The electric vehicle market in the United Arab Emirates is projected to grow at an annual rate of 5.9%, reaching approximately $197.0 million by 2026 and $246.3 million by 2030. According to research cited by Simply Wall St, expansion is driven by accelerating EV adoption and sustained investments in charging infrastructure. The market study evaluates over 100 key performance indicators across sales, vehicle electrification, and infrastructure readiness.

Industry News
Source: Arabian Business

Standard Chartered, Mashreq, and LuLu Launch Hal SME Platform in UAE

Standard Chartered, Mashreq, and LuLu Financial Holdings have launched Hal, a new digital B2B marketplace for small and medium-sized enterprises in the UAE. Unveiled at Investopia Bridge 2026, the platform connects SMEs with buyers, suppliers, and essential financial, tech, and logistics partners. Ecosystem partners including Beehive, Microsoft, Visa, and Aramex have signed initial cooperation agreements.

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