Ports, shipping, aviation cargo, warehousing and trade
Dubai-based Emirates Group reported a 66% decline in first-half profit after tax to AED 3.6 billion ($1 billion) amid high fuel costs and regional conflict. Group revenue fell 12% to AED 66.2 billion, supported by resilient cargo performance despite a 22% drop in passenger numbers. The group maintained robust cash reserves to service debt and fund pre-delivery aircraft payments.
The ADIPEC 2026 conference in Abu Dhabi concluded with over 50,000 commercial agreements valued at roughly US$67 billion, a 26.4% year-on-year rise. Hosted by ADNOC, the event featured prominent international participation from China, the United States, and Italy.
HH Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, has inaugurated the emirate's first business consultancy in Guangzhou, China. The office is designed to support Chinese companies and expand bilateral trade, investment, and cross-sector collaboration. During the visit, Sheikh Saud also met with Guangdong provincial leadership to discuss bilateral economic ties.
The UAE has introduced sweeping amendments to federal traffic regulations that will take effect on January 1, 2027. Key changes include a mandatory nine-hour driving limit in any 24-hour period to curb driver fatigue, impacting commercial, taxi, and logistics operators. The rules also cap individual vehicle registrations at five, introduce specific delivery rider safety mandates, and revise driving licence validity periods.
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