Ports, shipping, aviation cargo, warehousing and trade
The UAE Federal Tax Authority is enacting tighter VAT regulations effective October 1. Tax authorities now hold the power to deny VAT refund claims if transactions are linked to tax evasion across the supply chain under a 'should have known' standard.
Yemen's Houthi rebels have expanded territorial control along the Red Sea coast using weapons assembled with Iranian training and imported commercial parts from China, according to media reports cited by Chosunbiz. The military expansion has impacted critical maritime transit routes, contributing to volatility in global oil prices. Intercepted cargo shipments inspected in July reportedly contained commercial dual-use components adaptable for missile and drone manufacturing.
UAE fuel prices will increase for the third consecutive month in October 2026 amid elevated global oil benchmark prices. Super 98 will rise to Dh4.40 per litre and Special 95 will increase to Dh4.28 per litre. Diesel will also rise by 11.6 per cent to Dh4.80 per litre.
A Flydubai flight from Dubai to Tel Aviv diverted safely to Tabuk, Saudi Arabia, after a pilot stabbed the captain and attempted to sabotage the aircraft mid-air. Passengers and crew subdued the attacker before the plane landed, and Saudi authorities placed the suspect under arrest. Flydubai confirmed all passengers were safe, while the Israel Airports Authority set up an information center for families.
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