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Logistics & Trade

Ports, shipping, aviation cargo, warehousing and trade

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.

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.

China–UAE News
Source: DealStreetAsia

GCC Sovereign Allocators Deepen Cross-Border Investment and Trade Corridors with Asia

Sovereign wealth funds and state allocators across the GCC are shifting toward strategic cross-border partnerships with Asia, demanding alignment with local economic roadmaps. Chinese institutional investors constitute roughly 40% of Investcorp's $750 million Golden Horizon fund, actively targeting mid-market and technology ventures across the GCC and Greater China.

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