Skip to content

Connecting business. Building understanding. Advancing peace.

Daily BriefVerify a certificateDue Diligence
Become a Member

Logistics & Trade

Ports, shipping, aviation cargo, warehousing and trade

Policy & Legal Updates
Source: Iran International

Investigation Details Parsian Exchange Moving Millions in UAE Dirhams and Yuan

An investigation by Iran International based on leaked documents reveals that US-sanctioned Bank Parsian used its foreign-exchange arm, Parsian Exchange, to move funds abroad via intermediaries between November 2022 and May 2023. Leaked instruction letters directed roughly $36 million in UAE dirhams, Chinese yuan, and US dollars to overseas bank accounts designated by Iranian importers. The transactions utilized Iranian export proceeds held overseas to obscure ties to sanctioned Iranian institutions.

Industry News
Source: Gulf News

UAE Registered New-Economy Firms Rise 37 Percent to Nearly 125,000

The number of registered new-economy companies in the UAE grew by approximately 37% year-on-year to reach nearly 125,000 by mid-2026. Announced during the Investopia Bridge 2026 forum, the expansion focuses on artificial intelligence, digital infrastructure, renewable energy, and logistics. The ministry highlighted AI-driven productivity as a key driver for scaling trade and manufacturing partnerships with China.

Industry News
Source: The Business Times

Chinese Independent Refiners Boost Iraqi and Qatari Crude Purchases as Iranian Flows Drop

Chinese independent refiners have increased imports of crude from Iraq and Qatar for October and November delivery to replace dwindling Iranian supplies. Private refineries purchased between 15 million and 20 million barrels of Gulf crude through major international trading houses. Delivered cargoes commanded premiums ranging from $12 to $20 per barrel above ICE Brent.

The UECN Brief

Policy updates, China–UAE business news and industry insights, delivered to your inbox.

Language
Subscriptions

Double opt-in: we send a confirmation link. Unsubscribe at any time. Privacy