The Mohammed bin Rashid Center for Leadership Development has signed two memoranda of understanding with Peking University in China and Seoul National University in South Korea. The agreements establish a new series of Dubai Leadership Research aimed at MBA and executive education curricula. The signing took place during the Mohammed bin Rashid Leadership Forum in Dubai.
Abu Dhabi National Oil Company has sold at least 30 million barrels of spot crude to Asian refiners and trading houses, trade sources reported. Chinese purchasers Unipec and Rongsheng Petrochemical secured up to 10 million barrels of Upper Zakum crude. The transactions covered Das, Upper Zakum, and Umm Lulu grades for June to August loading.
China's sulphur imports dropped 65 percent year-on-year in August 2026 to roughly 277,300 tonnes amid Middle East maritime logistics disruptions, according to customs data. The resulting shortage drove average import prices up by nearly 246 percent. Despite broad regional shipping constraints, the UAE, South Korea, and Canada supplied 80 percent of total August imports.
Chinese customs data reported on September 24, 2026, revealed that China's sulphur imports fell 65 percent year-on-year in August to roughly 277,300 tonnes. The supply contraction caused average import prices to surge nearly 246 percent, or 3.5 times higher per tonne. The United Arab Emirates, South Korea, and Canada supplied 80 percent of China's August sulphur imports as shipments from other Gulf countries dropped sharply.
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