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Policy & Legal Updates
Source: Arabian Business

RAKEZ and RAKBANK Launch 60-Minute Business Accounts With Zero Minimum Balance

Ras Al Khaimah Economic Zone and RAKBANK have launched a 60-minute business bank account opening service for RAKEZ-licensed companies. The offer includes a zero minimum balance requirement and discounted monthly maintenance fees of AED 49 for the first 12 months. Eligible clients also receive fee waivers on domestic and international transfers through October 31, 2026.

Middle East Travel Alerts
Source: Devdiscourse

UAE Prosecutors State Flydubai Co-Pilot Attempted Terrorist Attack With Crash Axe

The UAE General Civil Aviation Authority announced that seasonal weather changes and reduced horizontal visibility may impact flight operations. The regulator noted that limited flight delays could occur based on prevailing weather and aviation safety requirements. Passengers have been advised to follow schedule updates through official airline and airport channels.

Industry News
Source: ITP Media Group

Chinese Fuel Exporters Halt Shipments Amid Persian Gulf Refined Product Reductions

Chinese fuel exporters have cancelled planned October shipments of diesel and gasoline to safeguard domestic inventories. The export halts follow reduced refined product flows from the Persian Gulf caused by refinery outages and shipping constraints. Supply deficits along Asia-Gulf trade routes were further compounded by an extension of Russian diesel export restrictions.

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