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Policy & Legal Updates
Source: Lawnut

UAE Mandates Accredited Service Provider Appointments for E-Invoicing by October 2026

UAE authorities have stated that businesses generating at least AED 50 million annually must appoint an Accredited Service Provider for e-invoicing by October 30, 2026. Under Ministerial Decision No. 244 of 2025, large enterprises must achieve system go-live by January 1, 2027. Smaller enterprises must contract a provider by March 31, 2027, ahead of a July 1, 2027 deadline.

Industry News
Source: Chamber of Shipping

US-China Tanker Freight Surges to $76 Million Amid Middle East Shipping Constraints

A supertanker chartered by commodity merchant Trafigura to transport crude from the U.S. Gulf Coast to China was fixed at an unprecedented $76 million. Middle East producers' ship-to-ship shuttle transfers in the Strait of Hormuz have restricted global fleet availability. On a 2-million-barrel cargo, the freight cost equates to approximately $38 per barrel.

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