UAE firms raise prices at fastest pace since 2011
UAE non-oil firms raised output prices in September at the steepest rate since May 2011, S&P Global's PMI survey showed; the index held at 55.3, unchanged from August.
What it means: Dubai output price inflation was the fastest since January 2014 as firms passed on higher input costs; S&P Global says volatile oil and constrained shipping may keep prices elevated.
Source: The National
Forward: WhatsApp Telegram
Flights & Airspace Abu Dhabi Iraq
Wizz Air pushed the launch of its Abu Dhabi routes from Poland, Bulgaria, Romania, Cyprus and Hungary from late October to 10 January 2027.
What it means: Wizz Air says Iraq's continued airspace closure forces longer routings and refuelling stops for its A321neo jets, which with high fuel costs makes the routes commercially unviable.
What to do: Booked on these routes before 10 January 2027? Wizz Air says it will contact affected customers with options.
Source: The National
Forward: WhatsApp Telegram
Saudi Aramco set November Arab Light for Asia at $5 a barrel below the regional benchmark, from $2 in October, a six-year low, according to a Bloomberg survey.
What it means: JPMorgan puts Middle East oil shipments at 98% of pre-war levels; with flows recovering, Saudi Arabia is cutting price to compete for market share in Asia.
Source: The National
Forward: WhatsApp Telegram
Shipping & Supply Saudi Arabia
Yemen's government forces said on 5 October they seized positions around Bab al-Mandeb and Dhubab; the Saudi-led coalition said 100 fighter jets are involved in the offensive.
What it means: The coalition says 324 Houthi targets were destroyed, a claim the Houthis have not confirmed; Saudi Arabia's stated aim is to restore free traffic in the Red Sea.
Source: The National
Forward: WhatsApp Telegram
Abu Dhabi's Department of Municipalities and Transport said phase one of the Dh2.85bn Mid-Island Parkway is on track for 2027, cutting Saadiyat to Reem travel from 25 to 10 minutes.
Source: Khaleej Times
Forward: WhatsApp Telegram