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United Arab Emirates

China–UAE News
Source: South China Morning Post

Saudi Central Bank Exits China-Backed mBridge Cross-Border Currency Platform

The Saudi Central Bank confirmed on September 22, 2026, that it has ended its formal participation in the mBridge cross-border digital currency platform. The initiative continues to operate with central banks from mainland China, Hong Kong, Thailand, the United Arab Emirates, and Macau. Analysts cited by the South China Morning Post noted that the exit removes the Gulf's largest economy from direct membership.

Policy & Legal Updates
Source: PwC Middle East

UAE Cabinet Amends VAT Executive Regulation Under Decision No. 149 of 2026

The UAE Cabinet has issued Cabinet Decision No. 149 of 2026, amending Cabinet Decision No. 52 of 2017 on the Executive Regulation of Value Added Tax. The updates introduce statutory criteria for composite supplies, modify input tax recovery on employee accommodation and medical supplies, and restrict deductions on cash transactions exceeding specific thresholds. Most provisions take effect on 1 October 2026, with input tax apportionment rules applying from the first tax year starting after 1 October 2027.

China–UAE News
Source: Gulf Today

Chinese Women Business Leaders Conclude Official UAE Visit to Boost Commercial Ties

A delegation of 15 women entrepreneurs from China concluded a two-week official visit to the UAE focused on commercial and investment ties. Jointly organized by the UAE General Women's Union and the UAE Embassy in Beijing, the delegates attended the Sharjah-China Businesswomen Forum. Discussions focused on exploring joint ventures and high-value bilateral enterprise partnerships.

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