News
Policy updates, China–UAE developments, industry news and official Middle East travel alerts.
Ras Al Khaimah Economic Zone and RAKBANK have launched a 60-minute business bank account opening service for RAKEZ-licensed companies. The offer includes a zero minimum balance requirement and discounted monthly maintenance fees of AED 49 for the first 12 months. Eligible clients also receive fee waivers on domestic and international transfers through October 31, 2026.
UAE carriers including Emirates, Etihad Airways, flydubai, and Air Arabia cancelled multiple services to Saudi destinations such as Riyadh and Abha on Saturday, October 10. Additional cancellations hit Air Arabia Abu Dhabi routes to Kuwait and Tashkent, while Dubai and Abu Dhabi airports recorded incoming flight delays. Airlines and airport operators urged all passengers to check their flight status directly before travelling.
Chinese fuel exporters have cancelled planned October shipments of diesel and gasoline to safeguard domestic inventories. The export halts follow reduced refined product flows from the Persian Gulf caused by refinery outages and shipping constraints. Supply deficits along Asia-Gulf trade routes were further compounded by an extension of Russian diesel export restrictions.
The U.S. Treasury Department has expanded Iran sanctions to encompass the automotive and railway sectors. The measures designate 30 individuals and entities, including trading firms based in China, the UAE, and Indonesia. Sanctioned targets face asset freezes within the United States and financial transaction bans.
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