Sharia-compliant trade finance platform mamun has raised a US$3 million seed round led by Phaze Ventures with participation from Jasoor Ventures. The capital will expand its AI-native underwriting infrastructure across the Greater Bay Area–Oman–UAE trade corridor. Approximately 40% of the platform's settlements currently clear through Hong Kong-based entities.
The UAE Federal Tax Authority has clarified mandatory registration deadlines under the Domestic Minimum Top-up Tax framework. In-scope multinational entities must complete Top-up Tax registration by 30 November 2026 via the EmaraTax portal. Failure to comply can result in an administrative penalty of AED 10,000 per entity.
Major Chinese financial institutions have emerged as leading syndicated debt providers for prominent Gulf energy operators including ADNOC, QatarEnergy, and Saudi Aramco. Analysts note Gulf state champions are deliberately tapping Chinese capital to secure narrow credit margins and diversify financing pools. In the UAE, three Chinese banks joined a consortium delivering up to USD 11 billion for ADNOC's offshore gas project.
The UAE's foreign trade sustained double-digit growth throughout the first nine months of 2026, according to Under-Secretary of the Ministry of Foreign Trade Fahad Al Gergawi. Speaking at the Dubai FinTech Summit, he highlighted that Comprehensive Economic Partnership Agreements stimulate industrial investments beyond tariff reductions. He also noted continued supply chain expansion via port projects in Fujairah and Khorfakkan and the Etihad Rail network.
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