Crude oil prices have experienced a notable increase as tensions between the United States and Iran escalate following the collapse of a recent ceasefire agreement. August WTI crude oil has seen a rise of 1.04%, reaching a one-month high, while gasoline prices have risen by 1.47%, marking a 1.5-month peak. This uptick reflects the market’s...
In a significant policy shift, U.S. President Donald Trump has retracted his proposal to impose a 20% fee on cargoes transiting through the strategically critical Strait of Hormuz. This decision marks a pivot from a taxation strategy aimed at regulating maritime trade routes to a more collaborative approach focused on fostering trade and investment partnerships...
Dubai Islamic Bank (DIB) has reported a noteworthy increase in its financial performance for the first half of 2026, with gross revenue rising by 10% year-over-year to reach AED 12.4 billion. This growth has been largely attributed to the bank’s diversified income streams, which include both funded and non-funded sources. The bank’s strong revenue performance...
In response to increasing geopolitical tensions and the ongoing blockade in the Strait of Hormuz, the United Arab Emirates (UAE) is taking proactive measures to bolster its trade infrastructure. The nation plans to develop a new port that aims to reduce its reliance on existing maritime routes, particularly the heavily trafficked Jebel Ali Port in...
The United Arab Emirates is setting its sights on achieving a monumental $1 trillion target for non-oil trade, as it strives to enhance its influence within global supply chains. This ambitious goal is mainly propelled by the burgeoning sectors of e-commerce, healthcare, technology, advanced manufacturing, aerospace, and regional distribution. The UAE recognizes that sustainable trade...
As preparations accelerate for Big5 Dubai 2026, a premier trade event for the construction and infrastructure sectors, excitement among global market players is palpable. The exhibition, considered one of the most significant gatherings in the building and construction industries, will attract manufacturers, suppliers, and industry professionals from around the world. The participation of companies like...
Energy stocks on the Australian Securities Exchange (ASX) experienced a notable boost following recent escalations in the US-Iran conflict. The trigger was President Trump’s declaration that the United States would act as the ‘Guardian of the Hormuz Strait,’ a key maritime passage for global oil transport. This strategic positioning by the U.S. has led to...
According to officials at the recent ICAI Conference held in Dubai, the United Arab Emirates (UAE) is being heralded as the safest and most resilient investment destination in the Middle East. The country’s commitment to safety and security has made it an attractive option for local and foreign investors alike. The UAE’s robust economy, bolstered...
The Arab region, with its rich economic potential and strategic geographical location, remains significantly underrepresented in the global trade landscape. A recent United Nations report highlights that only 14 out of the 22 Arab nations are members of the World Trade Organization (WTO). This limited participation poses a challenge as these countries may miss critical...
The Saudi Ports Authority, known as Mawani, has announced a significant investment of SAR641 million, equivalent to $170 million, aimed at augmenting the operational capacity of Jeddah Islamic Port located on the Red Sea. This strategic investment comes as part of a collaborative effort with Dubai-based DP World and Red Sea Gateway Terminal (RSGT), highlighting...