USA sanctions Iran-linked oil transport entities and warns buyers may face secondary sanctions
→ Correspondent banks face secondary-sanction risk when holding Iranian oil funds
China
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UAE
United States sanctions Iranian oil shipping network and associated ships
→ Shipping compliance teams cannot process transactions for Shamkhani-linked ships
USA
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UAE suspends Borouge petrochemical operations after interception debris
→ Petrochemical production and logistics at Borouge halted, disrupting feedstock shipments
UAE
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UAE tightens tax procedures, extends refund-linked record-keeping by two years
→ Corporate tax teams must keep records longer and follow stricter disclosure rules
UAE
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Abu Dhabi suspends operations at Habshan gas facilities
→ Gas facility operators at Habshan must halt production and begin damage assessments
UAE
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India's RBI approves Emirates National Bank of Dubai takeover of RBL Bank
→ India's RBI approved Emirates National Bank of Dubai (ENBD) to acquire up to 74% of RBL Bank, granting a one-year approval window and capping ENBD's voting rights at 26% of total voting rights.
UAE
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UAE's DFSA bars HDFC Bank DIFC branch from onboarding new clients
→ UAE's DFSA barred HDFC Bank's Dubai International Financial Centre (DIFC) branch from onboarding new clients and conducting fresh business, citing that compliance and audit teams failed to escalate alleged mis‑selling of Credit Suisse additional tier‑1 (AT1) bonds — a risky form of bank capital — for over five years.
UAE
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India's RBI approves Emirates NBD majority buy of RBL Bank
→ India's RBI approved Emirates NBD Bank's acquisition of a 60% stake in RBL Bank and cleared a scheme to amalgamate Emirates NBD's India branch, triggering a mandatory open offer for up to 26% of the expanded voting share capital at Rs 280 per share.
UAE
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Emirates bars Iranian nationals from entering or transiting United Arab Emirates
→ Emirates barred Iranian nationals from entering or transiting the United Arab Emirates, while Flydubai permits entry and transit for holders of the UAE Golden Visa.
UAE
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HDFC Bank sacks three senior executives over Credit Suisse AT1 bond mis-selling
→ Onboarding and fresh-business activities through the DIFC entity are prohibited, creating a formal operational restriction on client acquisition and transaction origination in Dubai.
UAE
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UK's FCA opens enforcement investigation into mortgage lender Market Financial Solutions (MFS)
→ The asset‑freeze legally bars Paresh Raja from dissipating the assets covered by the order and preserves up to £1.3bn in assets linked to MFS for creditor recovery. The Financial Conduct Authority has opened an enforcement investigation into MFS.
UAE
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Iran hits Kuwait's Mina al-Ahmadi refinery
→ Processing capacity at Kuwait's largest refinery is restricted by shutdowns of multiple units, constraining refinery throughput and regional fuel distribution from a facility that handles about 730,000 barrels per day.
Iran
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