News

Policy & Legal Updates

UAE Central Bank Launches Global Financial Health Innovation Hackathon for Businesses

The Central Bank of the UAE has launched a Financial Health Innovation Hackathon to discover practical solutions that help individuals and businesses manage their finances. Organised in partnership with international and local bodies, applications are open to both UAE-based and international organisations until November 30, 2026. Successful applicants will proceed to evaluation and pilot testing phases running through 2027.

Policy & Legal Updates

UAE Food Producers Prepare for New Sodium, Sugar and Fat Limits

UAE packaged food manufacturers are adjusting operations to comply with new limits on sodium, sugar, and fat introduced by the Ministry of Health and Prevention. The phased regulations cover items including bread, dairy, and snacks, with final limits taking effect on December 31, 2030. Companies violating the requirements face penalties ranging from Dh5,000 to Dh500,000.

China–UAE News

Chinese Storage Firms Win 94GWh Orders Led by Massive UAE Contracts

Chinese energy storage suppliers disclosed approximately 94GWh in system orders during the third quarter of 2026, with overseas contracts accounting for 93% of signed volumes. Major Middle East deals drove this surge, including an 11.275GWh contract between BYD and the UAE's Masdar as well as a 7.5GWh deal won by Sungrow in the UAE. The Middle East represented 21.3GWh, or 28.7% of total signed capacity, behind Europe's 31.2GWh.

Industry News

Baltic Exchange Reports Surging Middle East to China Crude Tanker Rates

The Baltic Exchange reported sharp increases in crude tanker freight rates connecting the Gulf region to China on October 9, 2026. Very Large Crude Carrier earnings on key Middle East to China routes experienced substantial daily gains amid vessel constraints and strong chartering activity.