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Industry News

Explore the industries creating new opportunities for cooperation across both markets.

Each industry contains news, briefs, research and interviews.

Industry News
Source: Menafn

UAE Business Activity Expands in September as Selling Prices Surge to 15-Year High

The S&P Global UAE Purchasing Managers' Index held steady at 55.3 in September, matching August's 20-month high and confirming sustained non-oil expansion. Firm customer demand enabled companies to pass on higher raw material and freight costs, pushing selling prices up at the fastest rate in over 15 years. Dubai's non-oil PMI rose to 54.5, posting its strongest reading in seven months amid accelerating export demand.

Policy & Legal Updates
Source: Funds Global MENA

Regional Tensions Fail to Slow Asset Management Growth in UAE Financial Hubs

Asset management and fund setup activity across DIFC and ADGM has rebounded strongly following the summer months despite regional tensions. According to an analysis published in Funds Global MENA by law firm Simmons & Simmons, proximity to sovereign wealth funds and engaged regulators continue to draw international asset managers. The influx spans hedge fund startups, European relocations, and new regulated fund launches.

China–UAE News
Source: The Straits Times

Radiant World Misses September Salary Payments for Employees Amid Restructuring

Employees at iron ore trader Radiant World in Singapore, China, and Europe reported that their September salaries were not paid on schedule, according to The Straits Times. Staff indicated that recent salaries had been disbursed from a company account in Dubai, with the delay occurring as court-appointed interim judicial managers KPMG assume oversight of operations. The disruption follows legal actions by multiple lenders alleging the company raised financing using falsified documents, claims the trader has previously denied.

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