Crude oil shipping costs on the TD3C route from the Arabian Gulf to China rose by 406% to reach $229.76 per metric ton at the end of September. The sharp increase in VLCC tanker rates has forced regional crude producers to deepen price discounts to remain competitive in Asian markets. Saudi Arabia reduced its official selling price for Arab Light crude by $3 per barrel for November.
Dubai CommerCity has unveiled an AED 1.8 billion Phase Two expansion scheduled for rollout between Q1 2027 and Q4 2028. The development follows an occupancy rate of nearly 96 percent across office, logistics, and retail spaces.
Dubai CommerCity has announced an AED 1.8 billion Phase Two expansion to meet growing digital commerce demand. Scheduled between Q1 2027 and Q4 2028, the development will add 86,000 square metres across six new commercial buildings. Occupancy across the free zone currently stands at approximately 96 percent.
The Organisational Committee of Ports and Border Points in Sharjah met at the Khatmat Malaha border crossing to review inspection workflows and inter-agency coordination. Discussions focused on speeding up commercial freight transit and clearance while maintaining strict customs standards. Officials highlighted the need for continuous system upgrades to support growing traffic.
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