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Finance & Investment

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

Policy & Legal Updates
Source: Gulf News

UAE FSRA Monitors Binance Following 6.3 Billion Dollar Unauthorised Asset Withdrawals

Abu Dhabi's Financial Services Regulatory Authority (FSRA) is monitoring cryptocurrency exchange Binance following an unauthorized withdrawal incident involving approximately $6.3 billion in digital assets. The regulator said it is engaging closely with Binance to protect clients and ensure market integrity. Binance confirmed that roughly $3 billion has been frozen and committed to covering all losses.

Policy & Legal Updates
Source: Arabian Business

UAE Simplifies VAT Refund Process for Citizens Building Residences

The UAE Federal Tax Authority has overhauled VAT refund procedures for citizens building new homes under the Zero Government Bureaucracy Programme. The update reduces application data fields by 50% and processing times by 80%. A dedicated smart application called 'Maskan' was also launched to verify claims.

Policy & Legal Updates
Source: International Tax Review

UAE Enforces Stricter Input VAT Recovery Rules on Employee Benefits

The UAE Federal Tax Authority has enforced Decision No. 17 of 2026, introducing stricter conditions for recovering input VAT on employee benefits. Following amendments to VAT Executive Regulations, employment contracts or HR policies alone are no longer sufficient to claim VAT recovery. Input tax will become an unrecoverable business expense if employers fail to meet detailed requirements across six expense categories.

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