Oil and gas, renewables, storage and environmental industries
Middle East crude exports through the Strait of Hormuz climbed to 14.2 million barrels per day in late September, recovering to nearly 80% of pre-war levels, according to Kpler data cited by Reuters. Despite easing crude availability, Brent prices remain above $100 per barrel due to logistical bottlenecks, including record tanker rates and soaring insurance costs.
The Dubai Court of Appeal has acquitted a businessman and a lawyer in a Dh13.5 million breach of trust case. The ruling overturned a lower court conviction that imposed a one-year prison sentence and an equivalent fine. The court determined that the dispute stemmed from a commercial settlement rather than a criminal offence.
The UAE conducted high-level diplomatic, investment, and technology engagements during the 81st UN General Assembly and Climate Week in New York. UAE officials convened more than 50 investors and executives to unlock capital for water infrastructure and discussed AI applications in hydrological management. The initiatives build momentum toward the 2026 UN Water Conference, which the UAE and Senegal will co-host in Abu Dhabi this December.
Saudi Arabia and the UAE are preparing to assist Asian nations in establishing regional oil reserves to strengthen energy security. Officials plan to discuss reserve development at the Asian Zero Emission Community ministerial meeting in the Philippines.
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