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The UAE has issued Federal Decree No. 85 of 2026 approving accession to the United Nations Singapore Convention on Mediation. The convention allows cross-border commercial mediated settlement agreements to be recognized and enforced directly by domestic courts. It enters into force six months after the accession instrument is deposited with the UN, subject to two reservations adopted by the UAE.
The United Arab Emirates has issued Federal Decree No. 85 of 2026 approving its accession to the United Nations Convention on International Settlement Agreements Resulting from Mediation. The framework will allow commercial cross-border mediated settlements to be directly enforced by domestic courts without starting fresh litigation. The convention will take effect six months after the deposit of the UAE's instrument of accession with the UN Secretary-General.
The Saudi Central Bank has concluded its formal participation in Project mBridge following the completion of its proof-of-concept phase. The multilateral central bank digital currency project remains co-anchored by the People's Bank of China, the Central Bank of the UAE, and the BIS Innovation Hub.
Abu Dhabi Customs and the Abu Dhabi Quality and Conformity Council have signed an MoU to enhance trade facilitation and data sharing. The entities will exchange foreign trade and inspection data through digital platforms to accelerate port clearance. The initiative also covers joint advisory services and technical training for commercial businesses.
Abu Dhabi Customs, Abu Dhabi Quality and Conformity Council