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United Arab Emirates

China–UAE News
Source: - Disrupt Africa

Kenya Neobank Cloud9 Secures Alliance Investment, Reaching $1M in Total Funding

Kenyan digital bank Cloud9 has secured an undisclosed investment from crypto accelerator Alliance, bringing total funding to $1 million, Disrupt Africa reported. The platform operates on stablecoin rails to facilitate cross-border settlement for African merchants importing goods from hubs including China and Dubai. Cloud9 plans to use the capital to expand trade payment corridors, roll out physical and virtual cards, and grow its user base.

Industry News
Source: Business Upturn

Dubai and Abu Dhabi Equity Indices Post Modest Gains at Friday Close

UAE equity markets closed marginally higher on Friday, 9 October 2026, with both Dubai and Abu Dhabi benchmarks recording slim advances in a subdued session. Dubai's DFM General Index gained 0.36% to settle at 5,819.96, while Abu Dhabi's FTSE ADX General Index inched up 0.08% to finish at 9,808.52. The modest gains completed a positive weekly finish for the UAE's two main stock exchanges.

Industry News
Source: Securities Finance Times

ADX Group Appoints Alex Krunic as Chief Capital Markets Officer

Abu Dhabi Securities Exchange Group has appointed Alex Krunic as chief capital markets officer. Krunic will support the exchange's market development agenda, product offerings, and institutional engagement. He brings over 25 years of capital markets experience, having most recently served as CEO of Kuwait Clearing Company.

Policy & Legal Updates
Source: Emirates News Agency

UAE Ministry of Finance Updates E-Invoicing Service Provider Accreditation Rules

The UAE Ministry of Finance has issued Ministerial Decision No. 168 of 2026, updating accreditation procedures and eligibility criteria for electronic invoicing service providers. The decision took effect on October 1, 2026, repealing the previous 2025 decision and ending the pre-approval framework. Providers with preliminary approval have 30 days to meet the new direct accreditation standards.

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