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Policy & Legal Updates
Source: Finance Monthly

UAE Attracts Cross-Border Business Expansion Through Legal and Corporate Tax Frameworks

The United Arab Emirates has become an increasingly prominent destination for international business expansion due to practical connectivity, foreign ownership reforms, and structured corporate frameworks. However, cross-border businesses must manage regulatory requirements including the 9% corporate tax regime introduced in 2023, economic substance rules, and exhaustive bank due diligence. Choosing between free zone and mainland corporate vehicles remains critical depending on target markets and licensing requirements.

China–UAE News
Source: EnergyNow.com

Chinese-Owned Tanker Struck Off UAE Coast Amid Disrupted Hormuz Shipping

A Chinese-owned oil products tanker was attacked off the UAE coast near Mina Saqr, marking the first reported strike on a Chinese tanker during the regional conflict. Maritime security sources identified the damaged vessel as the Marshall Islands-flagged JV Innovation, which suffered a deck fire. The incident occurred as shipping through the Strait of Hormuz remains virtually paralyzed, leaving hundreds of vessels stranded.

Industry News
Source: Gulf Business

IEA Chief Says 100 Million-Barrel Reserve Release Pushes Oil Prices Lower

International Energy Agency (IEA) Executive Director Fatih Birol stated that oil prices have begun falling after an agreement to release 100 million barrels of emergency oil and fuel reserves. Birol reported crude prices dropped by about $5 following the announcement, which prioritises diesel alongside crude oil. The emergency initiative, coordinated with G7 nations, aims to ease tight fuel supply and lower global transportation costs.

China–UAE News
Source: modernghana.com

Dubai’s Burj Khalifa Lights Up to Celebrate China’s National Day

Dubai's Burj Khalifa was illuminated on October 1 to celebrate the 77th anniversary of the founding of the People's Republic of China. The light show, designed by China Media Group, projected Chinese national symbols and cultural landmarks across the 828-meter tower. Spectators and tourists gathered around Downtown Dubai to watch the spectacle alongside the fountain show.

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