UAE Financial Oversight: The UAE Central Bank has launched a special, urgent forensic review of Banque Misr’s UAE branches after US Treasury moves tied to Iran-related dealings, while Banque Misr says its UAE operations continue under UAE rules and that the US action is still in a comment/review phase. US-Iran Economic Pressure: Washington’s “Operation Economic Outcast” targets Iran’s financial lifelines, including sanctions proposals that could restrict dollar correspondent access for the UAE branches, as Iran’s leaders admit the war’s economic toll but signal no retreat. Renewables Deal: Egypt and Masdar (Abu Dhabi Future Energy Company) discussed accelerating solar, wind and battery storage projects, including grid integration plans and progress on a 200MW Gulf of Suez wind project. Work Permits Compliance: MoHRE outlined conditions that can lead to UAE work permits being refused, cancelled or not renewed, focusing on employer document accuracy, fictitious operations, and labour-system compliance. Leadership Change in Banking: HDFC Bank CEO Sashidhar Jagdishan opted out of reappointment, setting up a successor search as governance scrutiny continues. UAE Tech/Connectivity: The UAE granted Starlink a 10-year satellite internet licence, expanding broadband access for homes, businesses and government users. Business & Trade Events: ADIHEX 2026 in Abu Dhabi drew major turnout, including a record AED 1.5m falcon auction, while Muscat hosts the Rex Fuels Expo & Conference as road-building demand reshapes bitumen supply chains.