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United Arab Emirates

Industry News
Source: Nikkei Asia

Saudi Arabia and UAE Plan to Bolster Asian Strategic Oil Reserves

Saudi Arabia and the UAE are set to assist Asian nations in expanding their crude oil reserves, Nikkei Asia reported. The two Gulf energy producers are also expected to provide priority crude supplies during emergency situations. The initiative includes exploring agreements to store crude oil in Asian locations to enhance regional energy security.

Policy & Legal Updates
Source: The Fintech Times

ADGM FSRA Signs Cooperation Agreement with UAE Commercial Gaming Authority

The Financial Services Regulatory Authority of Abu Dhabi Global Market has signed a Memorandum of Understanding with the General Commercial Gaming Regulatory Authority. The agreement establishes a framework for regulatory coordination, information sharing, and supervisory oversight between the two entities. Both authorities will maintain independent legal mandates while addressing intersections in payment processing, anti-money laundering, and banking channels.

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