G20

Policy & Legal Updates

DMCC Chief Urges Including Fertiliser Minerals in Global Critical Mineral Frameworks

DMCC Executive Chairman Ahmed Bin Sulayem stated that fertiliser components such as potash, phosphate rock, and sulphur must be treated as critical minerals for food security. Writing in Gulf News, he highlighted Dubai's trading infrastructure and proposed applying the Dubai Critical Minerals Standard to fertiliser inputs. The UAE remains the world's leading exporter of sulphur, with exports previously projected to reach 11.4 million tonnes annually by 2029.

Policy & Legal Updates

UAE Clarifies Pillar Two Tax Reporting Obligations for Large Multinational Enterprises

The UAE Ministry of Finance has issued ministerial decisions detailing reporting and compliance procedures under the OECD/G20 Pillar Two minimum 15 percent tax framework. The rules apply to multinational groups with consolidated revenue of at least EUR 750 million in at least two of the four preceding fiscal years. Guidelines define GloBE Information Return submissions, Federal Tax Authority notifications, and the appointment of local filing entities.