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May 15, 2026

This decision serves to formally list the entities that are considered "recognised price reporting agencies." This designation is crucial for implementing Ministerial Decision No. 229 of 2025, as these agencies determine the "Quoted Price" for Qualifying Commodities. The Quoted Price is a key component of the "Trading of Qualifying Commodities" activity for Qualifying Free Zone Persons (QFZPs). The specified agencies include prominent names such as S&P Global Commodity Insights (Platts), Argus Media, ICIS, and Fastmarkets, confirming their official status for defining commodity prices under the UAE’s QFZP tax regime.

Specification of Recognised Price Reporting Agencies for the Purposes of Ministerial Decision No. 229 of 2025 Regarding Qualifying Activities and Excluded Activities for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses

Ministerial Decision No. 230 of 2025

Issued: 29 Aug 2025 - (Effective from 1 June 2023)

Minister of State for Financial Affairs:

Having reviewed the Constitution,
Federal Law No. 1 of 1972 on the Competencies of Ministries and Powers of the Ministers, and its amendments,
Ministerial Decision No. 229 of 2025 Regarding Qualifying Activities and Excluded Activities for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses,

Has decided:

Article 1 - Recognised Price Reporting Agencies

The entities listed in the list attached to this Decision shall be considered recognised price reporting agencies for the purposes of Ministerial Decision No. 229 of 2025 referred to above.

Article 2 - Publication and Application of the Decision

This Decision shall be published and be effective from 1 June 2023.

Mohamed bin Hadi Al Hussaini

Minister of State for Financial Affairs

Issued by us:

On: 06/Rabiʽ al-Awwal/1447H

Corresponding to: 29/08/2025

The list attached to Ministerial Decision No. 230 of 2025 on Determination of Recognised Price Reporting Agencies for the Purposes of Ministerial Decision No. 229 of 2025 Regarding Qualifying Activities and Excluded Activities for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses

S&P Global Commodity Insights (Platts & Fertecon)
Argus Media
ICIS (Independent Commodity Intelligence Services)
OPIS (Oil Price Information Service)
RIM Intelligence
CRU Group
Quantum Commodity Intelligence
Fastmarkets
General Index
ICE (Intercontinental Exchange)
MONTEL
Spark Commodities
Expana