Japan has introduced additional sanctions targeting Russia's shadow fleet of oil-transporting vessels, according to the Foreign Ministry. The measures restrict maritime services to 35 ships and impose export bans on four entities located in the UAE and Turkey. Restrictions also apply to 33 Russian-linked entities, nine individuals, and 102 export items.
Sheikh Mohammed bin Rashid Al Maktoum has issued Decree No. (27) of 2026 appointing Malek Sultan Al Malek as Chairman of the Dubai Healthcare City Authority. The decree takes effect from its date of issuance and will be published in the Official Gazette.
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.
A Chinese-owned oil products tanker was attacked off the UAE coast near Mina Saqr, marking the first reported strike on a Chinese tanker during the regional conflict. Maritime security sources identified the damaged vessel as the Marshall Islands-flagged JV Innovation, which suffered a deck fire. The incident occurred as shipping through the Strait of Hormuz remains virtually paralyzed, leaving hundreds of vessels stranded.
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