THIS MORNING: Fujairah has become the UAE’s primary export route + the NBA gives the UAE a pass (for now)
UAE jewelry demand was down 28% in 2Q
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UAE jewelry demand was down 28% in 2Q
The recycling plant at Al Taweelah has 185k tons of annual capacity
DIFC firms are getting more AI supervision + a new ports authority is coming to Fujairah
Plus: Int’l neobank Revolut has cleared the last formal hurdle before a UAE customer launch
Plus: Abu Dhabi opens another lane for dispute resolution
Borouge is now looking into building new export infrastructure and assessing new routes and shipping lines via Fujairah
A new desalination plant is coming to Fujairah
Fertiglobe had a solid quarter on higher urea and ammonia prices as supply tightened
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