Global

Policy & Legal Updates

UAE Approves Accession to Singapore Convention on Mediated Settlements Under Federal Decree

The UAE has issued Federal Decree No. 85 of 2026 approving accession to the United Nations Singapore Convention on Mediation. The convention allows cross-border commercial mediated settlement agreements to be recognized and enforced directly by domestic courts. It enters into force six months after the accession instrument is deposited with the UN, subject to two reservations adopted by the UAE.

Policy & Legal Updates

UAE Approves Accession to Singapore Convention on Mediated Cross-Border Settlements

The United Arab Emirates has issued Federal Decree No. 85 of 2026 approving its accession to the United Nations Convention on International Settlement Agreements Resulting from Mediation. The framework will allow commercial cross-border mediated settlements to be directly enforced by domestic courts without starting fresh litigation. The convention will take effect six months after the deposit of the UAE's instrument of accession with the UN Secretary-General.

Industry News

Analysis Highlights Gulf Energy Supply Risks Across Hormuz and Alternative Export Routes

An analysis published by Eurasia Review details growing vulnerabilities across Gulf energy export infrastructure amid ongoing regional hostilities. The commentary notes that alternative transit options such as Saudi Arabia's East-West pipeline have faced disruption, leaving no completely insulated route for regional oil and gas. Rising maritime insurance rates and chokepoint risks pose significant economic exposure for top Asian destinations, including China.

Industry News

UAE’s Port of Fujairah Resumes Oil Loadings Following Drone Attack

Oil loading operations at the UAE's Port of Fujairah resumed following a drone attack and fire, though it remained unclear if operations were fully back to normal. An Indian-flagged tanker carrying 80,800 tonnes of Murban crude departed safely for India after the strike. The port remains a vital strategic export bypass located outside the Strait of Hormuz.