The UAE Ministry of Finance issued Ministerial Decision No. 197 of 2026 to update regulations for the national Electronic Invoicing System. The decision grants a 24-month exclusion for intra-tax group transactions from January 1, 2027, and removes in-country data storage and system failure reporting requirements. The amendments take effect retroactively from October 1, 2026.
Mohamed Juma Al Musharrkh, CEO of the Sharjah FDI Office (Invest in Sharjah), outlined the emirate's strategy focusing on foreign direct investment, artificial intelligence, and economic diversification. Sharjah attracted 142 FDI projects worth AED 7.74 billion ($2.1 billion) in 2025, with around 75 percent already operational. The agency is targeting quality investments across technology, advanced manufacturing, clean energy, and logistics, while expanding outreach across Asian and global markets.
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