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Finance & Investment

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

China–UAE News
Source: Qazinform

Kazakhstan Integrates Interbank Mobile QR Payments With China, UAE, and Other Partners

The National Bank of Kazakhstan is working to integrate its national mobile payment infrastructure with systems in partner nations, including China and the UAE. Deputy Chairman Binur Zhalenov stated the initiative will enable reciprocal QR code payments for travellers and foreign visitors using their domestic banking apps. Central Asian central banks also agreed to establish regional QR connectivity mechanisms by the end of 2026.

Industry News
Source: Bloomberg.com

First Abu Dhabi Bank Weighs Multibillion-Dollar Rights Issue

Executives at First Abu Dhabi Bank PJSC have held preliminary discussions about potentially raising billions of dollars through a rights issue, Bloomberg reported. The lender is weighing the potential equity offering, though discussions remain preliminary. No finalized terms or official statements have been made public.

China–UAE News
Source: russia's pivot to asia

Russia Proposes Aircraft Manufacturing Collaboration With China and UAE Investors

Russian Industry and Trade Minister Anton Alikhanov proposed aviation manufacturing cooperation with China's COMAC and Brazil's Embraer, highlighting Russia's domestic engine and system capabilities. Alikhanov also noted ongoing collaboration with UAE investors to establish an aviation and shipbuilding division under the Aurus brand. The outreach comes as Chinese aircraft manufacturers seek to localize component supplies to meet domestic fleet growth.

Policy & Legal Updates
Source: Exiloz

UAE Clarifies Reverse Charge VAT Rules for Imported Services under VATP044

Tax advisory firm Exiloz published an analysis detailing the operational impacts of FTA Public Clarification VATP044 on cross-border transactions. The guidance defines how the reverse charge mechanism applies to imported services from foreign vendors via a three-part test. Businesses must record output tax in Box 3 and recoverable input tax in Box 10 of their VAT returns.

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