Industry News

UAE to Lead Sugarcane Bio-Based Tubes Market Expansion to USD 454.5 Million

The global sugarcane bio-based tubes market is projected to reach USD 454.5 million by 2036, expanding from USD 266.1 million in 2026 according to Future Market Insights. The UAE is forecast to lead country-level growth at a 6.8% compound annual growth rate, driven by premium beauty retail and travel retail. Market demand is shifting toward hybrid designs combining bio-based sleeves with post-consumer recycled closures.

Policy & Legal Updates

Dubiz Expands Round-the-Clock UAE Business Setup Support for International Founders

Dubai-based business setup consultancy Dubiz has expanded its 24/7 advisory service to support international entrepreneurs across different time zones. Advisers provide round-the-clock guidance on mainland and free zone establishment, licensing, residence and Golden visas, banking, taxation, and corporate structures. The initiative comes amid rising inbound interest, following Dubai Chamber of Commerce welcoming 562 British and 211 French companies in Q1 2026.

Industry News

UAE National Guard Rescues 22 Crew After Oil Tanker Fire in Arabian Gulf

The UAE National Guard rescued 22 Asian crew members from an oil tanker after a fire broke out aboard the vessel in Arabian Gulf waters. Specialist coast guard teams responded to an emergency distress call, safely evacuated the crew, and administered first aid. Authorities reported that all 22 crew members are in stable condition.

Policy & Legal Updates

US Imposes Sectoral Sanctions on Iran Car and Rail Industries Without Wind-Down

The US Treasury determined that Executive Order 13902 applies to Iran's automotive and rail sectors, effective October 1 with no wind-down period. The measures target Iranian manufacturers alongside international suppliers based in the UAE, Hong Kong, and mainland China. Foreign financial institutions facilitating transactions in these sectors now face secondary sanctions exposure.