News
Policy updates, China–UAE developments, industry news and official Middle East travel alerts.
Oman Air has announced the launch of a new direct daily service between Muscat and Abu Dhabi starting July 9. The route marks the Omani carrier's 49th destination globally and its tenth destination within the GCC. The service aims to bolster regional connectivity, passenger transit, tourism, and bilateral trade.
A market analysis by Reuters columnist Clyde Russell suggests the UAE's departure from OPEC may not trigger the sharp drop in crude oil prices that many analysts anticipate. Although the UAE accounted for roughly 12% of OPEC output, ongoing geopolitical conflict and disruptions in the Strait of Hormuz introduce significant market uncertainties. Future market dynamics will largely depend on how major producers such as Saudi Arabia and Russia respond.
Abu Dhabi National Oil Company has sold at least 30 million barrels of spot crude to Asian refiners and trading houses, trade sources reported. Chinese purchasers Unipec and Rongsheng Petrochemical secured up to 10 million barrels of Upper Zakum crude. The transactions covered Das, Upper Zakum, and Umm Lulu grades for June to August loading.
The UAE Federal Tax Authority has instructed businesses whose financial year ended on December 31, 2025, to submit their corporate tax returns and settle tax payments by September 30, 2026. Filings and payments must be completed through the EmaraTax digital platform or via accredited tax agents to avoid administrative penalties. The authority also stressed the obligation to maintain all supporting accounting records to substantiate declarations and relief claims.
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