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BUSINESSSep 16Oman pitches new port that could give India better access to Gulf energyLocated away from the conflict-hit Strait of Hormuz, Sohar Port is located close to vital energy pipelines of the United Arab Emirates and eastern Saudi ArabiaThe Hindu
BUSINESSSep 16Saudi Tourism Minister Announces Launch of Second Edition of TOURISE Forum in MarchSaudi Minister of Tourism and Chairman of the TOURISE Forum Board Ahmed Al-Khateeb announced on Wednesday the launch of the second edition of the “TOURISE 2027” Forum, under the theme “Alliances That Move the World,” to be held in Riyadh from March 23 to 25, 2027.aawsat · united arab emirates
BUSINESSSep 16Turkish stocks slide in ‘fund run’ as investors withdraw $1bnFinancial Times
BUSINESSSep 16Chinese oil prices hit record highs after attacks on Saudi pipelineBeijing has cushioned global impact of Iran war by drawing down stocks but is now ‘coming off its crash diet’Financial Times
BUSINESSSep 16Dubai Police highlight tourism security initiatives at ATM 2026Major General Dr. Ahmed Zaal bin Krishan Al Muhairi, Deputy Commander-in-Chief of Dubai Police for Financial and Administrative Sector Affairs, said Dubai Police's participation in Arabian Travel Market 2026 reflects its commitment to taking part in major international events hosted by Dubai. He said the participation provides an opportunity to showcase the force's tourism security system, as well as its smart and innovative services that enhance the visitor experience and reinforce Dubai's position as a safe global destination for tourism and business. The exhibition is being held at Dubai World Trade Centre from 14 to 17 September, with broad participation from the global travel and tourism industry. Al Muhairi made the remarks during a visit to the Dubai Police stand at the exhibition. He was accompanied by Major General Dr. Tariq Tahlak, Assistant Commander-in-Chief for Community Happiness and Logistics Support, Major General Mohammed Essa Al Azab, Director of the General Directorate of Logistics Support, and several directors and deputy directors. During the visit, he reviewed the key services and initiatives being presented to visitors and industry specialists. Al Muhairi praised the platform's smart solutions, which use the latest technologies to serve residents, visitors and tourists. He stressed that security is a key factor in the success of the tourism sector and its continued growth. He added that Dubai Police works closely with its partners to provide proactive and seamless services that improve visitors' experiences and facilitate access to security services throughout their journey. The platform showcased a model of the new Dubai Police Academy building in the First Vision area. The project is one of Dubai Police's strategic developments. It covers an area of 155 hectares and will accommodate up to 2,500 students. The development includes residential, educational, administrative and sports facilities, alongside a health centre and a theatre with capacity for around 1,000 people. The sports complex will feature 17 facilities, including an indoor sports hall, indoor and outdoor Olympic-size swimming pools, a football field, padel, tennis and volleyball courts. It will also include a 26-room hotel for sports teams. The project features a main plaza with capacity for 2,500 people, a police operations training city, and a 3.5-kilometre cycling and running track. Completion is expected in 2027. The platform also highlighted the service that allows users to check circulars and travel bans through the Dubai Police smart app and website. The service enables customers to view their status in most financial and criminal reports and identify the relevant authorities handling any case, without visiting police stations or other government entities. It forms part of Dubai Police's digital transformation efforts and supports the government's goal of reducing bureaucracy. The services on display also included the "Police Eye" service, which allows members of the public to report violations and other negative incidents through text or voice messages, photos and videos. Users can also share the location of an incident, supporting community participation in enhancing security. During the exhibition, Dubai Police is also organising awareness sessions for tourists on tourism security. Visitors are being introduced to services including the Smart Police Station, the Lost and Found System, the e-Crime platform and the Cybercrime Awareness Platform. The initiatives aim to strengthen the integration of security services with the travel and tourism experience in Dubai. The participation also aligns with ATM's role as a platform that brings together travel and tourism industry leaders and experts and showcases the latest solutions and innovations shaping the sector.emirates247 · united arab emirates
BUSINESSSep 16Ajman court orders trading firm to pay supplier Dh107,310Ajman: The Ajman Federal Court of First Instance has ordered a general trading company to pay Dh107,310 to a supplier for materials it received but failed to pay for, while rejecting a request to hold the company's manager and purchasing officer personally liable for the debt. The supplying company filed a lawsuit seeking to compel the defendant company, its manager and its purchasing officer to jointly pay Dh107,310, along with legal interest of 5% from the date of the claim until full payment, in addition to fees, expenses and legal costs. The supplier stated that it had contracted with the defendant company to provide materials according to agreed specifications and conditions. The materials were received by the company, and delivery notes were signed and stamped to confirm receipt in good condition. However, the value of the supplies remained unpaid despite repeated demands for payment. To support its claim, the supplier submitted copies of its commercial licence, invoices, delivery receipts bearing the defendant company's seal, a statement of account detailing the invoices and amounts owed, and a referral decision from the Mediation and Conciliation Centres after settlement efforts failed. During the proceedings, the purchasing officer's lawyer argued that the lawsuit should not be accepted against his client on the grounds that he had no legal standing in the dispute. In its judgment, the court explained that a supply contract obliges a merchant or manufacturer to provide goods or services on a recurring basis according to agreed specifications, quantities and delivery schedules in return for payment. The court noted that established Federal Supreme Court principles recognise commercial records and modern electronic business records as valid evidence in commercial disputes. It also stated that accepted and signed invoices constitute evidence of the validity of their contents and of the debt owed, without the need for additional accounting documents. Applying these principles, the court found that both parties were merchants engaged in a commercial transaction and that the supplier had submitted invoices addressed to the defendant company bearing its seal and confirmation of receipt. The court concluded that the defendant company's representative had received the materials specified in the invoices, including their quantity, type and value, making the company liable for payment. It also noted that the statement of account submitted by the supplier bore the defendant company's seal without any reservations, which the court considered an acknowledgement of the debt. As a result, the court ordered the company to pay Dh107,310. However, the court rejected the supplier's request to hold the company manager and purchasing officer personally liable for the debt. The judgment stated that, under the principles governing limited liability companies, partners' liability is limited to their shares in the company's capital and does not extend to their personal assets. It added that a company manager is not personally liable for company debts provided he has acted within the terms of the company's articles of association and governing regulations. The court found that the supplier had failed to provide any legal basis for holding either the manager or the purchasing officer personally responsible for the company's obligations. Regarding interest, the court ruled that the claimed amount was fixed and clearly determined, and that the company's delay in payment entitled the supplier to compensation in the form of legal interest. The court therefore ordered the defendant company to pay Dh107,310, together with legal interest of 5% from July 1, 2026 until full payment, as well as court fees, expenses and Dh500 in legal costs, while dismissing all other claims.emirates247 · united arab emirates
BUSINESSSep 16Consumers hit by one-two punch of oil and rates from Iran war. The estimated bill is $1,700 per householdRising oil prices and Treasury yields are lifting energy and borrowing costs for U.S. households, pushing consumers to draw more heavily on savings.CNBC
BUSINESSSep 16No word from Riyadh on oil delivery cancellations as scale of disruption remains unclearThe pipeline shutdown has put pressure on Saudi oil supplies to Europe as further conflict in the region threatens shipping routes. Riyadh has yet to comment on reports that some refiners face delays until November.EuroNews [en]
BUSINESSSep 16AM Markets Need to Know: Fed hike, AWS Gulf loss, and moreThis article provides key market insights for the morning, including information on a Fed hike and AWS Gulf losses. It offers a snapshot of significant financial and business news.Seeking Alpha Tech
BUSINESSSep 16Tesla revives China discounts; Iran war drives shift to electric cars: 7 EV readsWe have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Market squeeze: Tesla revives China price cuts to stem slumping deliveries Tesla China has launched discounts on its Shanghai-made cars for the first time since the end of 2024, responding to falling deliveries in the world’s largest market for electric vehicles (EVs). 2. ‘Key pillar’:...South China Morning Post
BUSINESSSep 16The Iran war raised prices, now the US-Canada dispute adds pressure to small businessesEl conflicto comercial entre Estados Unidos y Canadá impacta severamente a pequeñas empresas, con aranceles que afectan ventas y costos operativos.Empresas de ambos lados de la frontera sufren por el aumento de precios y restricciones, complicando su viabilidad en el mercado internacional.Clarín
BUSINESSSep 16Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closureThe pipeline has allowed the Saudis to shift oil exports to the Red Sea while the U.S. and Iran battle for control over Hormuz.CNBC
BUSINESSBREAKINGSep 16Saudi Arabia cancels oil to Europe over East-West pipeline blastAl Jazeera [en]
BUSINESSSep 16Turkish habit of stashing gold "under the pillow' hurts economy, government saysFor years, Turks have stashed their gold at home against a raining day, mistrustful of banks. Now the government says that tradition hurts the economyNPR News
BUSINESSSep 15U.S. crude oil tops $105 as Saudi Arabia said to cancel some European cargoesU.S. crude oil prices have exceeded $105 per barrel following reports that Saudi Arabia has canceled some oil shipments to Europe. This indicates potential shifts in global oil supply and pricing.Seeking Alpha Tech
BUSINESSSep 15Turks often keep gold as a hedge against inflation. It may be hurting Turkey's futureBillions of dollars worth of gold is held in Turkish households outside the banking system. The government aims to convince citizens to put it into the mainstream financial system to help the economy.NPR News
BUSINESSSep 15Mideast escalation risks an oil shock ahead of the midtermsLA Times
BUSINESSSep 15Iran war likely to drive up inflation next year, CBO saysThe Hill
BUSINESSSep 15Iran war driving up inflation for Americans, CBO report saysThe Congressional Budget Office estimates inflation will continue to rise in the first quarter of next year.NBC News
BUSINESSSep 15Lebanon, Syria move to reconnect Tripoli Port to Syrian railway networkBEIRUT, Sept. 15 (Xinhua) -- Lebanon and Syria are advancing plans to reconnect Tripoli Port to the Syrian railway network, with Lebanon commissioning a consultancy to review and update the design of the Tripoli-Al-Aboudieh railway line, Lebanese Minister of Public Works and Transport Fayez Rasamny said Tuesday.thestar_my · malaysia
BUSINESSSep 15Oil prices tick up as conflict widens, disruptions grow in Middle EastOil prices are increasing due to the widening conflict and growing disruptions in the Middle East. This indicates potential economic impacts and escalating instability in a critical energy-producing region.Yahoo Finance
BUSINESSSep 15Ashghal completes Package 1 of Al Asmakh Development Project, begins handoverDOHA: The Public Works Authority (Ashghal) has completed construction on Package 1 of the Al Asmakh Area Development Project in Msheireb and initiated handover procedures, set for...qatartribune · qatar
BUSINESSSep 15Ashghal chief inspects Al Asmakh development project in MsheirebDOHA: As part of efforts to follow up on the implementation of development and rehabilitation projects in areas of historical and heritage significance in central Doha, President o...qatartribune · qatar
BUSINESSSep 15Oil’s next test: Saudi Arabia races to restore a key safety valve for pricesAnalysts warn oil prices could rally sharply if the pipeline remains offline beyond an estimated five-to-seven-day inventory cushion.CNBC
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