Banking, fintech, funds, capital markets and cross-border investment
UAE equity markets closed marginally higher on Friday, 9 October 2026, with both Dubai and Abu Dhabi benchmarks recording slim advances in a subdued session. Dubai's DFM General Index gained 0.36% to settle at 5,819.96, while Abu Dhabi's FTSE ADX General Index inched up 0.08% to finish at 9,808.52. The modest gains completed a positive weekly finish for the UAE's two main stock exchanges.
Abu Dhabi Securities Exchange Group has appointed Alex Krunic as chief capital markets officer. Krunic will support the exchange's market development agenda, product offerings, and institutional engagement. He brings over 25 years of capital markets experience, having most recently served as CEO of Kuwait Clearing Company.
The UAE Ministry of Finance has issued Ministerial Decision No. 168 of 2026, updating accreditation procedures and eligibility criteria for electronic invoicing service providers. The decision took effect on October 1, 2026, repealing the previous 2025 decision and ending the pre-approval framework. Providers with preliminary approval have 30 days to meet the new direct accreditation standards.
China's outbound direct investment into the UAE reached $2.6 billion, more than tripling from the previous reporting year, according to the UAE-China Chamber of Commerce. Bilateral non-oil trade surpassed $100 billion as Chinese financial institutions expanded their presence in the Dubai International Financial Centre. Multiple Chinese energy companies and healthcare delegations also advanced bilateral commercial engagements.
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