The UAE has outlined regulations for fundraising ahead of Ramadan, imposing fines of up to $54,000 for infringements. The Ministry of Community Development clarified that authorised charitable associations complying with Federal Law No. 3 of 2021 are permitted to collect donations within the country. The law aims to protect donor funds from exploitation and ensure they reach the intended recipients.

Dubai is gearing up for the construction of two new football stadiums, following the approval from Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, Chairman of Dubai Executive Council, and President of Shabab Al Ahli – Dubai Club, for the architectural designs of the new Shabab Al Ahli – Dubai Club stadium at Al Ruwayyah 3 and the new Al Wasl Club stadium at Al Jaddaf.

Mubadala Investment Company and Goldman Sachs have signed a $1B separately managed account (Partnership) to co-invest in private credit opportunities across the Asia Pacific region. Private Credit at Goldman Sachs Alternatives will manage the Partnership, with a dedicated team on the ground in multiple Asia Pacific markets.