Chinese refiners have suspended refined-product exports beyond Hong Kong and Macau until further notice, pushing Brent futures above $100 per barrel. The move comes as Middle East crude exports rebounded to 17.5 million barrels per day following the restart of Saudi Arabia's East-West Pipeline.
Abu Dhabi's Mubadala led GCC sovereign wealth funds in the first nine months of 2026, deploying $26.2 billion globally. China, including Hong Kong, emerged as the second-largest international destination for Gulf sovereign capital, attracting 10% of total invested funds.
An Iranian authority stated that three oil tankers recently struck in the Strait of Hormuz were owned or chartered by the United Arab Emirates. The three Liberian-flagged vessels were accused by Tehran of non-compliance with navigation rules over multiple transits. Two of the tankers are managed by UAE-based ADNOC Logistics & Services, and one by Anglo-Eastern Tanker Management.
Dubai's Knowledge and Human Development Authority (KHDA) announced the opening of 26 new private educational institutions for the 2026-27 academic year under its Education 33 Strategy. The expansion adds nearly 17,000 school seats and features international university launches, including Peking University HSBC Business School. The authority is also prioritising AI literacy, future workforce skills, and the addition of 18,000 affordable school places over the next two years.
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