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United Arab Emirates

Policy & Legal Updates
Source: The Straits Times

US Treasury Cites UAE and Regional Restrictions in Iran Sanctions Campaign

US Treasury Secretary Scott Bessent stated that international diplomatic pressure has led regional partners to impose banking and aviation restrictions on Iran. The measures include flight bans on Iranian carriers by the UAE, Turkey, and Oman, alongside UAE Central Bank transaction blocks on Iran's Bank Melli. US officials reiterated warnings that foreign entities servicing Iranian aircraft face secondary sanctions risks.

Policy & Legal Updates
Source: Federal Tax Authority

UAE Federal Tax Authority Issues Regulatory Amendments on Tobacco Digital Tax Stamps

The UAE Federal Tax Authority has published amendments to multiple decisions concerning the Marking Tobacco and Tobacco Products Scheme. The updated rules govern the application and verification of digital tax stamps on tobacco products and electronic smoking liquids. Importers and warehouse operators face product seizures and administrative penalties for non-compliance.

Policy & Legal Updates
Source: Gulf News

ADX Integrates with SWIFT Network to Enhance Global Financial Connectivity

The Abu Dhabi Securities Exchange (ADX) has integrated into the SWIFT global messaging network by activating its Business Identifier Code. This connectivity upgrade enables standardized and automated financial communications with foreign institutional investors, international central securities depositories, and custodians. The initiative aims to enhance post-trade infrastructure and expand cross-border capital access.

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