Banking, fintech, funds, capital markets and cross-border investment
The UAE Federal Tax Authority reminded taxable businesses to submit VAT returns and settle liabilities for the third quarter by October 28. Filings must be made using Form VAT201 on the EmaraTax portal, with payment handled via MagnatiPay or GIBAN bank transfer. Failure to file or pay on time will result in administrative penalties under the amended regulatory framework.
Chinese Foreign Minister Wang Yi met with Bahraini Foreign Minister Abdullatif bin Rashid Al Zayani in Baku on October 15. The ministers discussed expanding bilateral cooperation following their 2024 comprehensive strategic partnership. Bahrain expressed interest in increasing ties with Chinese firms across energy, logistics, tourism, and finance.
Dubai Chambers signed four bilateral cooperation agreements with trade associations across Beijing, Shenzhen, Guangzhou, and Chongqing during the Dubai Business Forum – China in Shenzhen. The agreements aim to enhance cross-border commercial links, share market intelligence, and support direct business matchmaking. The pact with Chongqing focuses on supporting participation in exhibitions and trade summits.
Foreign entities invested 3.433 billion manats (approximately $2.02 billion) into Azerbaijan's fixed capital in January–September 2026, marking a 17.8% year-on-year increase. According to the State Statistical Committee, the United Arab Emirates, the United Kingdom, and Türkiye were among the leading foreign investor nations alongside China and others. The investments covered capital assets including facility construction, modernization, and industrial equipment.
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