Banking, fintech, funds, capital markets and cross-border investment
Fitch Ratings has assigned a final 'A' rating to Bank of China Dubai Branch's CNY 2 billion yulan bonds due in 2028. The notes were issued under Bank of China's USD 40 billion medium-term note programme. Proceeds from the issuance will be allocated toward general corporate purposes.
A YouGov survey of 1,014 UAE expatriates revealed that 56 per cent believe their assets would automatically pass to their spouse upon death, contrary to UAE succession rules. Under default civil inheritance rules for non-Muslim expats, 50 per cent of an estate goes to the surviving spouse while the remaining 50 per cent is split among children. Legal experts warn that 49 per cent of expatriates still lack a registered will, creating severe administrative hurdles for families.
The UAE Ministry of Finance issued Ministerial Decision No. 168/2026, updating accreditation procedures and eligibility criteria for electronic invoicing service providers. The framework took effect on 1 October 2026, abolishing preliminary approvals in favor of a direct accreditation requirement. Service providers with prior preliminary approval have a 30-day transitional window to meet the revised criteria.
In an interview with Gulf Business, Transcorp founder Rodrigue Nacouzi discussed the economics of quick commerce, warehouse automation, and his investment strategy through Enablers Ventures. Nacouzi noted that Enablers Ventures completed six UAE partnerships over the past eight months targeting logistics software, quick commerce, and automation. He emphasized that sustainable quick commerce requires visibility into unit-level profitability, selective dark-store automation, and AI-assisted site evaluation.
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