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The UAE banking sector is preparing new regulations that would govern how borrowers transfer outstanding debt between lenders, potentially taking effect on January 1, 2027. According to an unnamed banking source quoted by Emarat Al Youm, the proposed rules would require borrowers to complete a minimum tenure and make a set number of instalment payments before moving their loans. The final provisions and official implementation dates remain subject to formal regulatory confirmation.
UAE businesses with annual revenues of AED 50 million or more must appoint an accredited e-invoicing provider by October 30, 2026, ahead of mandatory implementation on January 1, 2027. Companies failing to appoint a provider by the deadline face a monthly administrative penalty of AED 5,000. Businesses below the AED 50 million threshold have until March 31, 2027, to appoint a provider, with full deployment required by July 1, 2027.
Abu Dhabi Global Market (ADGM) has concluded its third Global Media Forum, bringing together 33 journalists, including 13 from overseas markets including China, the UK, and the US. The three-day event highlighted Abu Dhabi's regulatory framework, digital economy, and cross-border investment opportunities. The forum also featured briefings on the upcoming fifth edition of Abu Dhabi Finance Week and celebrations marking ADGM's 11th anniversary.
Dubai Crown Prince Sheikh Hamdan bin Mohammed has approved new strategic targets for the Dubai AI Campus to attract over 1,000 companies and generate 5,000 jobs by 2030. The DIFC-based tech cluster surpassed its initial five-year milestones two years ahead of schedule, having already secured 500 AI firms and AED 1 billion in investment. Plans were also reviewed for a new dedicated facility in the DIFC Zabeel District.
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