Iraq and Syria have signed an agreement to rehabilitate the crude oil pipeline linking Haditha in Iraq with Baniyas in the war-ravaged country, reported the Iraqi News Agency (INA). A vital project for the region, it is likely to be implemented by US energy company Chevron.
Long-term air freight rates, which were earlier set to fall 5% to 10% in full-year 2026, are, however, now expected to rise 5% to 15%, driven primarily by the supply chain shock caused by the escalation of conflict in the Middle East, said Xeneta, the ocean and air freight rate intelligence solution, in its Air Freight Outlook 2026 Mid-Year Update
The UAE economy has shown remarkable resilience to the conflict in the Middle East, supported by strong buffers, timely and well-targeted policy response including by the government and the CBUAE Financial Institution Resilience Package, and the rerouting of oil and other trade flows, an International Monetary Fund (IMF) mission has said.
Paperworld Middle East, the region's leading trade show for paper and stationery products, taking place from 13–15 October 2026 at Dubai World Trade Centre, has announced a strategic partnership with the Forest Stewardship Council (FSC).
Boeing, Lufthansa and Rolls-Royce will soon conduct flight tests of innovations meant to improve fuel efficiency and reduce noise, according to a Boeing statement.
ServHub, a leading facilities management service provider in the GCC, today launched its new business division, Proven Hub Logistics, a worker-centric last-mile delivery business.
The Indian government has ordered shipowners, ship managers and recruitment workers not to place its citizens on voyages through the Strait of Hormuz waterway until further notice, a report in The National newspaper said.
UAE-based defence company EDGE has announced that it has entered into a deal to acquire a 100% stake in Brazilian aerospace and engineering company Akaer, in a move that would give the Abu Dhabi group an established engineering base in Brazil and a highly skilled, multidisciplinary team.
Singapore-based Meranti Green Steel said it has awarded a major FEED contract to a consortium of German group SMS and global direct reduction (DR) technology leader Midrex for its green iron facility at Duqm, Oman, with a planned capacity of 2.5 million tonnes per annum.
Saudi-based Al Yamamah Steel Industries Company has announced that its reinforcing steel bars unit has awarded a major contract to Italian engineering and manufacturing corporation Danieli for setting up a steel billet production plant within its premises in the kingdom by 2029.
