Banking, fintech, funds, capital markets and cross-border investment
Updated guidance details the legal requirements for the UAE Remote Working Visa, including a minimum foreign-sourced monthly income of $3,500. The renewable one-year visa provides residency benefits without requiring a local corporate sponsor. It also enables tax residency applications under Cabinet Decision No. 85 of 2022.
The U.S. Treasury Department announced expanded sanctions under Operation Economic Outcast, designating Iran's rail and automotive sectors under Executive Order 13902. The measures penalize dozens of entities, including suppliers and financial intermediaries based in the UAE, China, Hong Kong, Turkey, and Germany. The action also targets heavy machinery, steel export channels, and the Russia-linked A7 shadow banking network.
The Dubai Financial Services Authority has fined wealth advisory firm Vault Wealth Dh401,000 ($109,200) for conducting unauthorised business activities in the DIFC. Although licensed by the FSRA in Abu Dhabi Global Market, the firm lacked DFSA authorisation. The penalty was discounted by 30 percent from Dh573,000 following a settlement.
China's outbound direct investment into the UAE reached $2.6 billion, more than tripling compared to the previous reporting year and lifting cumulative investment stock to $12.47 billion. Meanwhile, bilateral non-oil trade crossed $100 billion alongside major expansions by Chinese firms in autonomous driving, financial services, logistics, and energy.
Policy updates, China–UAE business news and industry insights, delivered to your inbox.
Membership
Tell us about your experience and connection to UAE–China business. UECN assesses your application and offers the right membership category — fees are shared privately with your offer.
We send you a one-time sign-in link — your answers are saved as you go.
