Banking, fintech, funds, capital markets and cross-border investment
A report cited by Zawya indicates that the global minimum tax framework is significantly reshaping how companies are bought and sold in the UAE. The shifts directly affect transaction structures, corporate valuations, and dealmaking strategies for businesses operating in the country. The findings underscore the deepening influence of international tax rules on cross-border investments.
The U.S. Financial Crimes Enforcement Network has issued a proposed rule to designate Banque Misr UAE as a primary money laundering concern under Section 311 of the USA PATRIOT Act. The proposal seeks to sever the bank's U.S. correspondent banking access in connection with Treasury's Operation Economic Outcast targeting Iranian illicit finance networks. Public comments on the proposed rulemaking remain open until October 1, 2026.
Sheikh Mohammed bin Rashid Al Maktoum has issued a decree establishing the board of directors of the Investment Corporation of Dubai. Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum was named Chairman, with First Deputy Ruler Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum serving as Vice Chairman. The decree took effect on its issuance date and will be published in the Official Gazette.
The Central Bank of the UAE has introduced the Insurance Company Licensing Regulation (Circular 4/2026), establishing stricter entry rules for domestic and foreign insurers. Regulators will assess applicants based on their commercial proposition, product demand, and domestic premium retention alongside technical compliance. Insurers based in financial free zones such as DIFC and ADGM will be treated as foreign insurance companies for onshore operations.
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