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Industry News
Source: The National

12th World Green Economy Summit Highlights UAE Transition and Regional Green Finance Expansion

The 12th World Green Economy Summit concluded at the Dubai World Trade Centre, gathering policymakers, lenders, and industry leaders to discuss industrial decarbonisation and sustainable finance. According to Fitch Ratings, outstanding green sukuk and bonds across the GCC reached $73 billion, representing about 40 percent of emerging market US-dollar ESG debt issued in the first nine months of 2026, excluding China. Speakers emphasised that predictable policies, capital availability, and low-carbon industrial exports provide the UAE with a distinct competitive edge.

Policy & Legal Updates
Source: Hubbis

Michael Velten Urges Mobile Families to Resolve Tax Residence Before Wealth Structuring

Speaking at the Hubbis Wealth Planning & Structuring Forum in Dubai, Velten Advisors founder Michael Velten stressed that internationally mobile families must establish and document tax residence before selecting wealth structures. Velten cautioned that holding immigration permits like the UAE Golden Visa does not independently resolve cross-border tax status. He highlighted that domestic laws, tax treaties, physical days spent, and economic ties must be analysed sequentially.

Policy & Legal Updates
Source: Travels Dubai

UAE Cuts Tourist VAT Refund Times to One Business Day Using AI Platform

The UAE Federal Tax Authority has introduced an artificial intelligence-powered digital platform reducing tourist VAT refund processing to one business day, down from approximately nine days. Developed with scheme operator Planet, the system is operational at Dubai International Airport, Zayed International Airport, and Sharjah International Airport. The paperless process allows eligible travellers whose purchases do not require physical inspection to complete claims directly via a mobile app.

China–UAE News
Source: Gulf Daily News (Bahrain)

TAQA Prices $1.75bn Dual-Tranche Green and Conventional Bond Offering

Abu Dhabi National Energy Company (TAQA) has priced a $1.75 billion dual-tranche bond offering comprising green and conventional notes, achieving oversubscription of more than three times. The deal marks the first public benchmark bond by an Abu Dhabi government-related entity since March 2026. China's ICBC served among the joint bookrunners and lead managers alongside regional and international banks.

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