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Finance & Investment

Banking, fintech, funds, capital markets and cross-border investment

Policy & Legal Updates
Source: Arabian Gulf Business Insight

Saudi Central Bank Concludes Participation in Cross-Border mBridge Digital Currency Platform

The Saudi Central Bank has concluded its formal participation in Project mBridge following the completion of a proof-of-concept phase in May 2025. The cross-border digital currency initiative was developed jointly with China and the UAE to facilitate non-dollar trade settlements. Operations continue among the remaining participants, including the central banks of the UAE, China, Hong Kong, and Thailand.

Industry News
Source: Proactive Investors

Petro Matad and ACWA Power Partner on 4.5GW Mongolia-to-China Renewable Project

Petro Matad shares rose over 14 percent following an MoU signed between subsidiary SunSteppe Power and Saudi utility company ACWA Power. The partnership plans to build a 4.5-gigawatt renewable complex in Mongolia with 500 megawatt-hours of battery storage. The facility aims to export clean electricity directly across the border into China.

Policy & Legal Updates
Source: The National

UAE amends e-invoicing rules ahead of compliance deadline

The UAE Ministry of Finance has issued Ministerial Decision No. 197 of 2026 amending executive provisions for the national e-invoicing system. The update introduces a 24-month temporary exemption for intra-tax group transactions starting January 1, 2027, and removes domestic data storage mandates.

Industry News
Source: TradingView

Abu Dhabi’s TAQA Mandates Banks for Dual-Tranche USD Green Bond Offering

Abu Dhabi National Energy Company (TAQA) has mandated banks and released initial price thoughts for a dual-tranche US dollar-denominated green bond offering. The Abu Dhabi-listed utility is marketing the long five-year tranche at around 130 basis points over US Treasuries. The senior unsecured notes will be issued under Rule 144A and Regulation S formats with listing planned on the London Stock Exchange.

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