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Policy updates, China–UAE developments, industry news and official Middle East travel alerts.

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October 14, 2026Source: Big News Network.com

Russian Fintech A7 Launches Crypto-to-Bank Cross-Border Settlement Service Supporting Yuan and Dirhams

Russian financial technology company A7 has unveiled A7 International, a cross-border payment service enabling payers to settle invoices using USDT while recipients receive traditional SWIFT bank transfers. The service supports payouts in Chinese yuan, UAE dirhams, US dollars, and euros, with a 0.3% commission fee. Transactions are available in jurisdictions where digital currency transactions are legal.

Policy & Legal Updates

October 14, 2026Source: Global Competition Review

UAE Champions AI-Driven Model for Competition Law Enforcement

The UAE Ministry of Economy and Tourism has championed an artificial intelligence enforcement model to modernize national antitrust regulation and merger control, Global Competition Review reported. Presented during the GCR Live: MENA 2026 conference in Dubai, the system forms part of the country's AI-enabled National Competition Platform. The platform is designed to automate antitrust assessments and significantly shorten merger clearance timelines.

Policy & Legal Updates

October 14, 2026Source: Global Competition Review

UAE Cautious on ‘Copy and Paste’ Antitrust Leniency Regime, Official Says

A senior official from the United Arab Emirates has cautioned against directly transposing foreign antitrust leniency models into the country's legal system. Speaking at an industry event, the official indicated that the UAE aims to tailor competition enforcement policies to local economic and market conditions rather than relying on a copy-and-paste approach.

Industry News

October 14, 2026Source: Billionaires.Africa

China’s Sinohydro and Elsewedy Win $2.2 Billion Saudi Gas Power Plant Contract

A joint venture between China's Sinohydro and Egypt's Elsewedy Electric has secured a $2.2 billion EPC contract for a 2.3-gigawatt gas-fired power plant in Saudi Arabia. The Rabigh 2 IPP expansion facility is backed by ACWA Power and Saudi Energy, with commercial operations planned for May 2029. Financing includes $2.58 billion in long-term debt backed by 14 lenders, including the Industrial and Commercial Bank of China.