Banking, fintech, funds, capital markets and cross-border investment
The UAE Ministry of Finance announced a new Cabinet Decision revising administrative penalties under the national eInvoicing system. The updated rules establish an initial AED 5,000 fine for non-compliance, capped at AED 50,000 across a 12-month period. Additionally, the penalty for failing to notify the Federal Tax Authority of a system failure has been abolished.
The UAE Federal Tax Authority has issued updated guidance outlining registration rules for the Pillar Two Top-up Tax on multinational enterprise groups. Qualifying entities whose first in-scope financial year ended prior to 30 April 2026 must complete registration by 30 November 2026. The regime covers groups with consolidated annual global revenues of at least EUR 750 million.
The UAE Ministry of Energy and Infrastructure will participate in ADIPEC 2026 from 2 to 5 November at ADNEC to present federal energy policies and sustainability roadmaps. The ministry will highlight the UAE Energy Strategy 2050, which targets tripling renewable capacity by 2030 backed by up to AED200 billion in national investments. It will also showcase clean electricity generation figures from 2025 and long-term hydrogen production milestones.
Market participants are monitoring key financial metrics including state-backed Chinese ETF purchases and Bank of China Dubai's landmark Yulan bond debut on Nasdaq Dubai. The two-year, 2 billion yuan bond issue was more than five times oversubscribed, with sovereign accounts taking over 30 percent. Other major indicators include Standard Chartered's 46 percent profit rise and steady benchmark interest rates in the US and Hong Kong.
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