Banking, fintech, funds, capital markets and cross-border investment
The UAE Consul General in Guangzhou, Mariam Alshamsi, met with representatives from Guangzhou Industrial Investment Holding Group and Yingke Law Firm. The meeting focused on understanding the Chinese firms' internationalization strategies and identifying avenues to deepen cooperation. Both sides also discussed opportunities to expand commercial presence and operations within the UAE.
In an interview with International Tax Review following the IFLR/ITR Middle East Awards 2026, Eptalex Global Chairman Ramy Torbey detailed major tax trends across the region. Torbey noted that the introduction of UAE corporate tax and free zone qualifying income rules has turned transfer pricing into a Gulf-wide compliance issue. He highlighted growing demand for restructuring cross-border family wealth and intercompany arrangements using Abu Dhabi Global Market and Dubai International Financial Centre foundations.
Binance customers have withdrawn a net $4.72 billion following a record $6.3 billion cyberattack, representing approximately 3 percent of assets held on the platform. The cryptocurrency exchange reported that withdrawals are stabilising and recorded $2.7 billion in deposits since operations resumed on Sunday. Co-CEO Richard Teng stated at Hong Kong Fintech Week that the firm remains in a strong financial position and has replenished 95 percent of affected assets.
Essa Ziad Galadari of Galadari Advocates & Legal Consultants has been named to the ALB Super 50 MENA 2026 list. In an interview with Asian Legal Business, he discussed dispute resolution strategies for corporate clients and the integration of artificial intelligence in legal practice.
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