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Finance & Investment

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

Policy & Legal Updates
Source: Crowe

Crowe Highlights UAE Transfer Pricing Focus and Federal Tax Authority Scrutiny

Crowe reports that the UAE Federal Tax Authority is expected to increase scrutiny on related-party transfer pricing transactions as corporate tax compliance cycles advance. The firm emphasizes that compliance requires demonstrating commercial rationale, economic substance, and alignment with OECD principles. Businesses are advised to review documentation quality, benchmarking, and cross-border intercompany arrangements.

Industry News
Source: Gulf News

Emirates NBD Deploys OpenAI Models on UAE In-Country Infrastructure

Emirates NBD has partnered with OpenAI to run GPT models on UAE-based infrastructure, becoming the first bank in the MENA region to adopt this approach. The arrangement allows the lender to deploy frontier AI while adhering to strict domestic data residency and compliance regulations. The models will be utilized across customer service, risk analytics, workflow automation, and staff productivity.

Industry News
Source: Gulf Business

Saudi Arabia Postpones 10th Future Investment Initiative Summit to 2027

Saudi Arabia's Future Investment Initiative Institute has postponed the 10th edition of its flagship investment summit, originally scheduled for October 26–29, 2026, in Riyadh, until 2027. FII Institute CEO Princess Dr. Maha Bint Mishari Al Saud said the decision aims to ensure the milestone event delivers its full scale and international impact. The institute confirmed that existing registrations and partnerships remain valid, with revised dates to be announced soon.

Policy & Legal Updates
Source: Detained in Dubai

Legal Advocacy Group Warns Tech Entrepreneurs Over UAE Virtual Asset Regulations

Legal advocacy group Detained in Dubai has highlighted regulatory and legal risks under the UAE's expanded 2026 Virtual Assets Framework and Federal Decree-Law No. 33 of 2025. The legislation broadens regulated virtual asset activities from three to eight categories and introduces criminal penalties, including potential imprisonment and fines reaching AED 250 million for unlicensed financial activities. The organization warned that commercial disputes could expose founders, executives, and advisers to prosecution and asset confiscation.

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