Oil and gas, renewables, storage and environmental industries
Abu Dhabi has raised its 2030 solar target to 14GW as IRENA projects doubling annual global renewable additions to 1.2TW is feasible. Meanwhile, Canada has ended anti-dumping duties on Chinese solar modules, whereas US import module prices surged over 40% following Section 232 tariffs.
Saudi Arabia posted a merchandise trade surplus of SR14.36 billion ($3.83 billion) in July, down 25 percent year-on-year, according to preliminary official statistics. Both exports and imports declined amid logistics route adjustments, while China, the UAE, and Egypt ranked among the kingdom's top trading partners.
An analysis published by Free Malaysia Today indicates that US attempts to enforce a zero-leakage sanctions regime against Iran face significant operational obstacles. Iran's oil trade, of which China purchased an estimated 90% prior to Hormuz disruptions, largely clears outside the US dollar system via renminbi settlements and shadow networks in Dubai, Hong Kong, and Singapore. Consequently, financial compliance scrutiny is intensifying across financial institutions operating within the China-UAE corridor.
Arabian Business highlighted key UAE commercial developments including Etihad Rail's scheduled launch of Dubai passenger services on September 30, 2026. Dubai tenancy registrations also showed new leases outnumbering renewals as asking rents dropped by up to 15 percent in key apartment areas. Motorists and businesses across the country are also awaiting October fuel price adjustments following consecutive increases in August and September.
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