Brent crude settled at $90.49 on Monday, its highest level since 25 August, after Iran launched missiles at US air bases in Jordan and President Trump threatened a strong retaliatory strike. Markets are pricing escalation risk following strikes on both sides, with no confirmed supply disruption yet.
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Dubai Customs processed 18.2 million air cargo transactions in the first half of 2026, a 53% increase on the same period last year, with total shipment weight up 47% to 1.3 million tons. E-commerce drove much of the growth, with the Free Zone Department recording a 62% rise in transactions and handling more than 6.2 million postal parcels.
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Dubai World Trade Centre and Dubai Exhibition Centre will host 14 major trade shows and conferences through September, covering energy, property, cybersecurity, fintech, healthcare and technology. Events range from Middle East Energy and AIM Congress in the first week to AWS Summit Dubai on the final day of the month.
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Kuwait customs officers intercepted a French national at Kuwait International Airport carrying 1,603 A4 sheets saturated with an unidentified narcotic substance. The arrest follows Kuwait's record drugs bust earlier this week, in which authorities seized nearly $500 million worth of pregabalin.
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Korean skincare brand d'Alba Piedmont has launched on noon in the UAE, making its white truffle-infused range available to regional consumers for the first time through an official e-commerce partner. GCC market expansion is planned for the months ahead.
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UAE President Sheikh Mohamed bin Zayed Al Nahyan has marked the start of the new academic year with an audio message to students, teachers, and parents. He called on students to embrace continuous learning and artificial intelligence, and urged parents and teachers to work together in raising engaged, patriotic generations.
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The UAE Ministry of Foreign Affairs has condemned a drone attack it attributed to Iran, describing it as a dangerous escalation and a flagrant violation of sovereignty. The UAE said it holds Iran fully responsible and reserves the right to respond in accordance with international law.
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The UAE Ministry of Defence has denied media reports claiming Al Menhad Air Base was targeted by missiles, calling the claims false. The Ministry said the Armed Forces remain at a high state of readiness and urged the public not to share unverified information.
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