Oil extended gains for a fourth day in Asia trade, with Brent and WTI near three-week highs. Brent crude edged up 26 cents to around $91.28 a barrel, while US WTI crude rose 37 cents to around $85.31.
DP World has reached a significant milestone in its $800 million investment programme to transform the Port of Tartous, completing the delivery of three Mobile Harbour Cranes (MHCs) that will strengthen Syria's trade infrastructure and support the country's economic recovery.
DP World, a leading provider of smart end-to-end logistics solutions, has reported revenue of $12.7 billion for the first half of 2026, up 13.1% year-on-year, as the strength of its global network helped the company navigate significant disruption to trade flows in the Middle East.
Persistent payment delays and rising default concerns are putting increasing pressure on liquidity and cash flow management in the UAE, says the latest Atradius Payment Practices Barometer.
The International Association of Dry Cargo Shipowners (Intercargo) warned that attacks on merchant vessels have increased in recent months and called upon governments and parties to armed conflicts to take concrete steps to halt such attacks and ensure the safety of their crews.
World merchandise trade growth exceeded expectations in the first quarter of 2026 as surging trade in electronic components related to artificial intelligence (AI) offset the negative impact of the conflict in the Middle East, which began in the final month of the quarter.
DMCC, a leading international business district in Dubai, has announced a new memorandum of understanding (MoU) between the Dubai Diamond Exchange (DDE) and the London Diamond Bourse (LDB) to strengthen cooperation between the two bourses.
Shipping between Iran’s Dayyer port and Qatar’s Al Ruwais port has resumed following coordination between the Iranian embassy in Doha and Qatari authorities, a Reuters report said quoting Iran’s commercial attaché in Doha.
Bilateral trade between India and Russia has reached a record high of nearly $70 billion, driven primarily by Russian oil and fertilizers exports as well Indian pharma products, thus reflecting the growing scope of economic ties between the two countries, a senior Indian government official said.
Saudia Cargo and Riyadh Cargo, the freight division of the kingdom’s new national carrier Riyadh Air, a wholly-owned Public Investment Fund (PIF) company, have announced the signing of an interline agreement that will strengthen cargo connectivity and expand global network reach.
