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Policy & Legal Updates
Source: Global Competition Review

UAE Champions AI-Driven Model for Competition Law Enforcement

The UAE Ministry of Economy and Tourism has championed an artificial intelligence enforcement model to modernize national antitrust regulation and merger control, Global Competition Review reported. Presented during the GCR Live: MENA 2026 conference in Dubai, the system forms part of the country's AI-enabled National Competition Platform. The platform is designed to automate antitrust assessments and significantly shorten merger clearance timelines.

Policy & Legal Updates
Source: Global Competition Review

UAE Cautious on ‘Copy and Paste’ Antitrust Leniency Regime, Official Says

A senior official from the United Arab Emirates has cautioned against directly transposing foreign antitrust leniency models into the country's legal system. Speaking at an industry event, the official indicated that the UAE aims to tailor competition enforcement policies to local economic and market conditions rather than relying on a copy-and-paste approach.

Industry News
Source: Billionaires.Africa

China’s Sinohydro and Elsewedy Win $2.2 Billion Saudi Gas Power Plant Contract

A joint venture between China's Sinohydro and Egypt's Elsewedy Electric has secured a $2.2 billion EPC contract for a 2.3-gigawatt gas-fired power plant in Saudi Arabia. The Rabigh 2 IPP expansion facility is backed by ACWA Power and Saudi Energy, with commercial operations planned for May 2029. Financing includes $2.58 billion in long-term debt backed by 14 lenders, including the Industrial and Commercial Bank of China.

Policy & Legal Updates
Source: Morgan Lewis

CBUAE Introduces Updated Remuneration Rules for Banks and Insurance Companies

The Central Bank of the UAE has issued Circular No. 5/2026, introducing an updated governance and remuneration regime for banks and insurance firms. Regulated institutions must complete an internal gap analysis within 180 days and achieve full compliance within 15 months. The framework mandates stricter controls over risk-linked pay, incentive schemes, and annual compensation disclosures.

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