Emirates Shipping Line (ESL) has named one of its vessels “ESL Khor Fakkan” in recognition of the strategic importance of the coastal city of Khor Fakkan and its port.
The UAE’s non-oil foreign trade for the first half recorded solid growth, surging to over AED1.9 trillion ($517 billion), said a report. The emirates had last year attracted $48.3 billion in foreign direct investments, thus putting it ninth globally among the largest FDI destinations.
Business France has announced the appointment of Jean-Philippe Arvert as Regional Director for the Near & Middle East and French Trade & Investment Commissioner to the UAE.
Islamic finance is evolving beyond its traditional role as a source of funding to become a strategic connector between liquidity-rich markets and fast-growing economies, says a new Standard Chartered report.
The United States is set to unleash what Treasury Secretary Scott Bessent has described as an “economic D-Day” against Iran, threatening to sever the country’s remaining financial and commercial lifelines.
The UAE has said that all trade, commercial exchanges, and financial transactions with Iran have been halted until further notice in light of regional escalations that undermine regional and international peace and security.
Oil extended gains for a fourth day in Asia trade, with Brent and WTI near three-week highs. Brent crude edged up 26 cents to around $91.28 a barrel, while US WTI crude rose 37 cents to around $85.31.
DP World has reached a significant milestone in its $800 million investment programme to transform the Port of Tartous, completing the delivery of three Mobile Harbour Cranes (MHCs) that will strengthen Syria's trade infrastructure and support the country's economic recovery.
DP World, a leading provider of smart end-to-end logistics solutions, has reported revenue of $12.7 billion for the first half of 2026, up 13.1% year-on-year, as the strength of its global network helped the company navigate significant disruption to trade flows in the Middle East.
Persistent payment delays and rising default concerns are putting increasing pressure on liquidity and cash flow management in the UAE, says the latest Atradius Payment Practices Barometer.
