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Policy & Legal Updates
Source: Middle East Council on Global Affairs

Think Tank Analyzes Future of GCC Dollar Pegs Amid Growing China Trade

A policy paper by the Middle East Council on Global Affairs examines the GCC currency pegs to the US dollar in light of offshore banking dynamics and increasing trade with China. The research argues that while growing commerce with China weakens the trade rationale for the dollar peg, offshore dollar bank funding keeps oil invoicing tied to the US currency. The author recommends coordinating currency policy across all six GCC states and formalizing liquidity assurances for Bahrain and Oman.

Industry News
Source: russia's pivot to asia

China and UAE Tech Entities Join Global Digital Forum Partnerships in Moscow

Enterprises from China and the United Arab Emirates participated in the Second Global Digital Forum and the 2026 Digital Solutions Forum in Moscow, which gathered over 1,300 attendees from 111 countries. The forum concluded with 150 agreements and memorandums covering artificial intelligence, cybersecurity, digital infrastructure, and digital sovereignty. Among the participants, UAE-based Agile Dynamics and China-based 2Health AI Limited signed memorandums supporting the Digital Sovereignty Index.

Policy & Legal Updates
Source: www.travelsdubai.com

UAE Launches $1 Million Scheme to Fund and License 100 Creator Businesses

The 1 Billion Followers Summit and the UAE's National Media Authority have introduced a $1 million initiative titled '100 Dreams'. The scheme will award $10,000 each to 100 global content creators alongside trade licensing assistance and accelerator mentorship to establish businesses in the UAE. Applications are scheduled to open on November 20, 2026.

Policy & Legal Updates
Source: Emirates 24/7

UAE MoHRE Outlines 12 Work Permit Types and Employer Compliance Rules

The UAE Ministry of Human Resources and Emiratisation has detailed 12 distinct work permit options available to registered establishments, spanning arrangements such as full-time, flexible, and remote work. The ministry reiterated that hiring entities must bear all recruitment fees and employment guarantees, with submissions managed through official digital channels.

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