Brent crude climbed to an intraday high of $117.45 per barrel on Friday following Houthi attacks on energy infrastructure in Saudi Arabia and a reported oil spill off the UAE coast. Brent futures gained 2.81% to reach $116.35, while US West Texas Intermediate rose 3.52% to $102.97. UAE authorities confirmed a tanker spill off Umm Al Quwain, though the vessel and cause remain unidentified.
Yicai Global, the English-language arm of Yicai Media Group, has announced a 10-year expansion plan titled the MAPS strategy to build a global financial media and business services platform by 2035. The framework incorporates multilingual expansion including Arabic, AI-driven content operations, and commercial support services for cross-border enterprises.
The UAE Gasoline and Diesel Prices Follow-up Committee has approved retail fuel prices for October 2026. The rates reflect international energy market movements under the nation's monthly pricing mechanism. Super 98 was set at AED 4.40 per litre, Special 95 at AED 4.28, E-Plus 91 at AED 4.21, and diesel at AED 4.80 per litre.
Emirates Shipping Line will introduce a new container service connecting China with Egypt, Jordan, and Saudi Arabia in November. Marketed as the China Red Sea Connector, the route will deploy four ships of approximately 2,500 TEU operating on a fortnightly schedule. The service will directly connect Shanghai, Ningbo, and Nansha with Sokhna, Aqaba, and Jeddah.
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