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Finance & Investment

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

Industry News
Source: Zawya

Dubai Fintech Ziina Wins Dubai-it Award in Business Category

Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum announced that UAE fintech platform Ziina has won the Dubai-it Award for Companies in the Field of Business. The platform has processed over $1.5 billion in transactions and currently serves 500,000 users and 290,000 business owners. The award recognises Ziina's evolution from a peer-to-peer transfer app into an integrated financial platform facilitating mobile payments.

China–UAE News
Source: يمن مونيتور

Reuters Investigation Uncovers Covert Iranian Military Procurement Network Involving UAE and China

A Reuters investigation reported by Yemen Monitor reveals Iran created a covert network of over 5,000 front entities to procure at least $2 billion in military goods since January 2025. The investigation identified shipments originating from China, Russia, and Germany, alongside $27 million in maritime imports from the UAE. Around 97% of transactions avoided cross-border banking transfers through the use of overseas intermediaries and offshore accounts.

China–UAE News
Source: EnterpriseAM

US Midterm Election Scrutiny Threatens Gulf AI Chip Agreements and Tech Ties

US Democrats are threatening congressional investigations into agreements granting Gulf entities license-free access to advanced artificial intelligence semiconductors. The scrutiny is driven by concerns over technology transfer to China and alleged conflicts of interest. However, extensive cross-border investments between Gulf sovereign funds and US AI leaders complicate potential rollbacks.

Policy & Legal Updates
Source: DLA Piper

UAE Issues VAT Fixed Establishment Guidance and Pillar Two Registration Deadlines

DLA Piper reported on new Federal Tax Authority guidance regarding VAT fixed establishment risks for non-resident companies with personnel at client premises. The briefing also highlighted a November 30, 2026 registration deadline for the Pillar Two Qualified Domestic Minimum Top-up Tax for qualifying multinational entities. Pillar Two rules require applicable multinational groups to satisfy a 15% minimum effective tax rate.

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