UAE: Authorities Activate New Rule to Break Monopoly on Medical Products

Gulf Today, 24 February 2026: The UAE has activated a first‑of‑its‑kind mechanism requiring pharmaceutical companies to appoint multiple agents for each medical product to break long‑standing monopolies and strengthen national pharmaceutical security.

The Emirates Drug Establishment (EDE) said it has activated the new mechanism under Federal Decree‑Law No. 38/2024 on Medical Products, the Pharmacy Profession, and Pharmaceutical Establishments, marking the first time the UAE has obliged pharmaceutical firms to register more than one authorised agent per medical product. The move is part of a national strategy to enhance pharmaceutical security, diversify supply chains, and ensure the continuous availability of medicines and medical products across the country.

Officials explained that the reform aims to end exclusive‑agent control, reduce the risk of supply disruptions during emergencies or operational challenges, and improve the efficiency and resilience of medical‑product distribution. The EDE added that expanding the number of authorised agents will accelerate delivery times, improve inventory management, and boost the UAE’s attractiveness as an investment destination in the pharmaceutical sector.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

Want to learn more about Lexis® Middle East? Visit https://www.lexis.ae/lexis-middle-east-law/.

UAE: VARA Designated as Competent Authority Under Corporate Tax Rules

The UAE Ministry of Finance has issued a ministerial decision designating Dubai’s Virtual Assets Regulatory Authority as a competent authority for specific qualifying activities under the federal corporate tax framework.

The Ministry of Finance announced Ministerial Decision No. 336/2025, which added the Virtual Assets Regulatory Authority—established in Dubai under Dubai Law No. 4/2022 Regulating Virtual Assets in the Emirate of Dubai—to the definition of “competent authority” in Ministerial Decision No. 229/2025 on Qualifying and Excluded Activities for the Purposes of Federal Decree-Law No. 47/2022 on the Business and Corporate Taxation.

Under the update, VARA is recognised as a competent authority for qualifying activities linked to fund management, wealth management and investment‑management services, bringing virtual‑asset supervision into alignment with the broader corporate‑tax framework. The Ministry stated that the decision formed part of efforts to enhance clarity, certainty and regulatory alignment across the UAE’s financial system, supporting its strategic position as a global investment and financial hub.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

Want to learn more about Lexis® Middle East? Visit https://www.lexis.ae/lexis-middle-east-law/.

UAE: Non‑Commercial Sports Bodies Get Corporate Tax Break

Gulf News, 9 February 2026: UAE has introduced a corporate tax exemption for eligible non‑commercial sports entities to boost sector growth and transparency.

The Ministry of Finance has issued UAE Cabinet Decision No. 1/2026 to exempt certain sports organisations that operate on a non‑commercial basis from corporate tax, aligning the regime with international best practice and supporting the UAE’s ambitions as a global sports hub.

Exemptions apply to international sports entities, domestic sports bodies, and specified ancillary entities whose primary purpose is to promote, organise, manage, or develop sport at a regional or international level, provided they are recognised by the competent sports authority.

Qualifying organisations must confine activities to their sporting objectives, ensure all income and assets are used solely to advance those objectives or cover necessary expenses, and avoid any private benefit to members or founders except where beneficiaries are approved public‑benefit or government‑linked bodies.

To access the relief, entities must apply to the Federal Tax Authority with supporting documentation so that eligibility and ongoing compliance can be verified; this process is intended to preserve oversight while directing the exemption to genuine non‑profit sports development.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

Want to learn more about Lexis® Middle East? Visit https://www.lexis.ae/lexis-middle-east-law/.

UAE: State Security Launches Confidential Reporting Service

Gulf News, 2 February 2026: The UAE has introduced a new confidential reporting mechanism aimed at strengthening national security by enabling the public to report threats anonymously.

The UAE State Security Department has launched a confidential security reporting service allowing citizens and residents to submit information on security‑related concerns without disclosing their identity. The initiative was unveiled under the slogan “State Security is Everyone’s Responsibility” and is designed to support early detection of risks to public safety and national unity.

According to the authorities, the service covers a wide range of matters, including extremist activity, suspicious behaviour, espionage, information leaks, threats to public order, and insults or defamation targeting the state and its symbols. Reports may be made at any time through several official channels, including a toll‑free number, a dedicated website, a mobile application and an SMS service.

The State Security Department emphasised that confidentiality and data protection sit at the core of the initiative. Individuals may submit reports anonymously, with assurances that personal data will be handled securely and in line with recognised privacy standards.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

Want to learn more about Lexis® Middle East? Visit https://www.lexis.ae/lexis-middle-east-law/.

UAE: New Stablecoin Rules Reshaped Payments and Banking

Gulf News, 21 January 2026: The UAE had introduced one of the Gulf’s most comprehensive stablecoin regulatory frameworks, formally integrating dirham‑backed digital tokens into its financial system.

The Payment Token Services Regulation (PTSR) had taken effect on 31 August 2024, establishing the legal structure through which dirham‑backed stablecoins may operate inside the UAE. According to S&P Global Ratings, the framework had been designed to connect the traditional banking system with the digital‑asset ecosystem, marking a significant shift in how digital payment instruments are supervised.

Under the PTSR, any stablecoin used for domestic payments must be issued by a licensed entity under ongoing regulatory supervision. The regulation governs issuance, conversion, custody and transfer, and had set strict operational conditions intended to protect consumers and strengthen market integrity. It requires the segregation of reserve assets, monthly external audits, and a minimum initial capital requirement of Dh15 million, together with additional capital linked to tokens in circulation.

The PTSR also draws clear boundaries on what stablecoins can and cannot do. It prohibits interest or any time‑based financial benefits linked to holding payment tokens and bans algorithmic stablecoins entirely. Foreign payment tokens cannot be used locally to buy goods or services—other than virtual‑asset purchases—ensuring that domestic payment activity remains within the regulated UAE environment.

Licensed dirham‑backed tokens have already entered the market. In December 2024, the Central Bank approved AE Coin as the UAE’s first fully licensed payment stablecoin. By January 2026, AE Coin had been integrated into Network International’s point‑of‑sale and online‑payment systems, enabling merchants across the country to accept stablecoin payments. Banks have also begun positioning themselves within the evolving ecosystem: FAB, ADQ and IHC had announced plans in April 2025 to issue a regulated stablecoin, while digital bank Zand launched “Zand AE” in November 2025 and RAKBANK secured initial approval in January 2026.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

Want to learn more about Lexis® Middle East? Visit https://www.lexis.ae/lexis-middle-east-law/.