{"id":116318,"date":"2026-04-30T00:00:00","date_gmt":"2026-04-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=116318"},"modified":"2026-04-30T03:11:09","modified_gmt":"2026-04-30T03:11:09","slug":"this-morning-supply-chain-resilience-is-in-focus-non-oil-foreign-trade-hit-aed-415-4-bn-last-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2026\/04\/30\/this-morning-supply-chain-resilience-is-in-focus-non-oil-foreign-trade-hit-aed-415-4-bn-last-year\/","title":{"rendered":"THIS MORNING: Supply chain resilience is in focus + non-oil foreign trade hit AED 415.4 bn last year"},"content":{"rendered":"<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Good morning, lovely people.<\/strong> We have a packed issue for you today, featuring positive signals and indications that the government is taking supply chain disruptions seriously, with a supply chain resilience program in the works.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Analysts are still digesting the UAE\u2019s decision to exit Opec and Opec+<\/strong>, and the consensus is that more oil and gas investments are coming to the country, as well as a potential ramp-up in capacity that could lead to USD 40 bn in additional annual windfalls.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>On a less positive front: <\/strong>Data from Meed shows project awards slowed in 1Q 2026 \u2014 and March in particular \u2014 as the regional conflict dampened sentiment and led to disruptions.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>And in (very) good news for property owners: <\/strong>There\u2019s now no floor for property investment to be eligible for a two-year visa.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>WEATHER- Abu Dhabi\u2019s seeing a 40\u00b0C high today<\/strong> as summer arrives early, while temperatures in Dubai will peak at 37\u00b0C. Both emirates will see lows of 26-27\u00b0C.<\/p>\n<p class=\"tag-border-left\">Rate watch<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The Cen<\/strong><strong>tral Bank of the UAE kept interest rates unchanged<\/strong>, holding the base rate applicable to the Overnight Deposit Facility at 3.65%, it said in a <a href=\"https:\/\/ent.news\/2026\/4\/1584.pdf\" target=\"_blank\" rel=\"noopener\">statement (pdf)<\/a>. The CBUAE also left short-term borrowing costs unchanged at 50 basis points above the base rate. The decision to hold rates is in line with the US Federal Reserve\u2019s move, which we have more on in the news well below.<\/p>\n<p class=\"tag-border-left\">Watch this space<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt1\"><\/a> <strong>SUPPLY CHAINS \u2014<\/strong> <strong>There\u2019s a \u201cnational supply chain resilience program\u201d in the <\/strong><strong>works<\/strong>, and while details are scant, the focus seems to be on \u201cvital commodities\u201d like food, medicine, and industrial goods, according to a <a href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2026\/april\/29-04\/mohammed-bin-rashid-approves-launch-of-national-programme\" target=\"_blank\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The plan is to first identify which vital goods need to be secured<\/strong>, evaluate the feasibility of their production within the UAE, and then establish \u201cstrategic partnerships with partners capable of large-scale production and supply\u201d \u2014 whether that\u2019s the private sector or partner countries involved in their production. The plan also includes supporting local manufacturing and agriculture.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>This comes as the blockade of the Strait of Hormuz continues to cause supply chain disruptions.<\/strong> Economy Minister Abdulla Bin Touq Al Marri had said (back in March) that the UAE has a <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/10\/could-hormuzs-closure-disrupt-the-uaes-food-supply\/\" target=\"_blank\" rel=\"noopener\">stockpile of essential goods<\/a> that should last it about four to six months. The UAE relies on imports for about 80-90% of its food.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>It seems the strategy is already in its execution phase: <\/strong>UAE-based life sciences firm Arcera and China\u2019s Fosun Pharma just <a href=\"https:\/\/www.arceralifesciences.com\/news\/article\/arcera-life-sciences-and-fosun-pharma-launch-long-term-collaboration-framework\/\" target=\"_blank\" rel=\"noopener\">signed an MoU<\/a> to look into localizing biotechnology and working on R&amp;D around radiopharma, small interfering RNA therapies, and cell and gene therapies. The partnership also involves collaborating on innovative solutions in the neuroscience field, with a focus on neurodegenerative diseases like Alzheimer\u2019s.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>AND- Food and fertilizer imports were apparently topics of discussion<\/strong> during a recent meeting between Russian Deputy Prime Minister Dmitry Patrushev and Vice President Mansour bin Zayed, <a href=\"https:\/\/www.reuters.com\/world\/china\/russia-uae-discuss-fertiliser-supplies-brics-grain-exchange-2026-04-29\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a> reports. Patrushev said Russian domestic firms are \u201cinterested in \u2060further increasing exports to the UAE market not only of food products but also of mineral fertilizers.\u201d Russia accounts for one-fifth of fertilizer exports \u2014 which are disrupted due to the blockade \u2014 and is the world\u2019s largest grains exporter.<\/p>\n<hr style=\"height: 2px;border-width: 0;color: gray;background-color: gray\" \/>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt3\"><\/a> <strong>FINANCE \u2014 Dubai International Financial Center\u2019s (DIFC) growth momentum is holding up <\/strong><strong>despite global uncertainty<\/strong>, with 775 new firms setting up shop in 1Q 2026, up 62% y-o-y, according to <a href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2026\/april\/29-04\/difc-reports-strong-growth-in-global-client-base-in-first-quarter-of-2026\" target=\"_blank\" rel=\"noopener\">Dubai Media Office<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The surprising stat? Growth accelerated in March<\/strong>, with 258 companies established in the month alone, up 59% y-o-y.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The inflows are spreading across segments: <\/strong>Financial services authorizations rose 21% y-o-y, while foundation registrations \u2014 a proxy for wealth structuring demand \u2014 more than doubled during the quarter, underscoring DIFC\u2019s growing role as a hub for both institutions and family capital.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Who are some of the new tenants? <\/strong>Swiss asset manager <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/finreon-opens-difc-office-etihad-expands-china-routes-sobha-enters-abu-dhabi-with-aed-40-bn-plan-and-more-tasreef-work-completed\/\" target=\"_blank\" rel=\"noopener\">Finreon<\/a> and US-based multinational hedge fund <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/29\/vara-gives-the-greenlight-to-more-firms-uae-firm-makes-moves-in-egypt\/\" target=\"_blank\" rel=\"noopener\">Citadel<\/a> are among those to have joined DIFC\u2019s ranks since the start of the war.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Policy tailwinds are helping sustain that momentum:<\/strong> Regulators have rolled out <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/10\/govt-support-extends-to-difc-diez-firms\/\" target=\"_blank\" rel=\"noopener\">support measures for DIFC firms<\/a> amid the regional conflict, as the center pushes toward its ambition of becoming one of the world\u2019s top four financial hubs.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>REMEMBER- DIFC is scaling capacity to meet demand<\/strong>, with an <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/28\/this-morning-difc-in-for-an-aed-100-bn-expansion-eurasian-development-bank-lines-up-more-aed-denominated-paper\/\" target=\"_blank\" rel=\"noopener\">AED 100 bn<\/a> expansion plan set to add 17.7 mn sqft by 2040. Some 1.6 mn sqft of new commercial space is due to come online between 2026 and 2027.<\/p>\n<hr style=\"height: 2px;border-width: 0;color: gray;background-color: gray\" \/>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt4\"><\/a> <strong>BANKING \u2014<\/strong> <strong>T<\/strong><strong>he National Bank of Ras Al Khaimah (Rakbank) is the latest <\/strong><strong>player offering support measures <\/strong>during the regional conflict. The lender is priming around AED 2 bn in extra credit limits for customers, deferring repayment deadlines for clients and businesses, waiving fees on domestic transactions, and offering cashback for FX transfers, according to a <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/rakbank-strengthens-support-for-uae-smes-with-expanded-financing-relief-measures-and-growth-incentives-hitd0kry\" target=\"_blank\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>ICYMI- <\/strong>SMEs have already been thrown a safety line from <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/08\/this-morning-washington-and-tehran-agree-to-a-two-week-ceasefire\/\" target=\"_blank\" rel=\"noopener\">Emirates NBD<\/a>, Dubai-based spend management platform <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/01\/ihc-takes-stake-in-sammaan-smes-get-another-liquidity-cushion-mubadala-ihc-back-whoop-and-hospitality-financing-startup-launches-in-uae\/\" target=\"_blank\" rel=\"noopener\">Qashio<\/a>, and <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/07\/another-support-package-for-smes-rak-developer-pushes-ahead-with-dubai-expansion-and-kezad-sees-new-projects\/\" target=\"_blank\" rel=\"noopener\">Dubai South<\/a>. More widely, authorities moved <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/31\/dubai-is-offering-financial-stimulus-for-tourism-art-and-more\/\" target=\"_blank\" rel=\"noopener\">in late March<\/a> to introduce an AED 1 bn package to cushion the blow to the private sector.<\/p>\n<p class=\"tag-border-left\">Data point<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt2\"><\/a> <strong>36<\/strong><strong>% \u2014 that\u2019s the y-o-y rise in Abu Dhabi\u2019s non-oil foreign trade last year, reaching<\/strong> <strong>AED 415.4 bn<\/strong>, according to <a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/abu-dhabi-non-oil-foreign-trade-records-36-percent-growth-in-2025\/\" target=\"_blank\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The biggest rise came from non-oil exports, which were up 63% y-o-y to AED 175.4 bn in 2025, followed by imports, which saw a 22% yearly rise to AED 170.4 bn. Re-exports came in at AED 70 bn, up 20% y-o-y.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>REMEMBER-<\/strong> Federal non-oil foreign trade <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/03\/this-morning-jpmorgan-trims-gulf-growth-forecast-adnoc-shelves-dim-sum-issuance-amid-regional-conflict-2\/\" target=\"_blank\" rel=\"noopener\">topped USD 1 tn<\/a> last year. The UAE is aiming <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/abu-dhabis-non-oil-foreign-trade-up-25-7-y-o-y-in-1q-2025\/\" target=\"_blank\" rel=\"noopener\">to reach AED 4 tn<\/a> in total foreign trade by 2031 and is already well on its way, having clocked AED 3 tn in total foreign trade <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/06\/the-uaes-non-oil-foreign-trade-hit-aed-3-tn-in-2024\/\" target=\"_blank\" rel=\"noopener\">two years ago<\/a>. More recently, the Emirates was listed among the top 10 goods exports internationally, registering a <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/06\/this-morning-ega-could-need-a-year-to-restore-full-production-at-al-taweelah-the-uae-is-now-the-9th-top-goods-exporter\/\" target=\"_blank\" rel=\"noopener\">trade surplus of AED 584 bn<\/a>. The total value of goods and services traded hit AED 6 tn in 2025, with the Emirates\u2019 ever-expanding Cepa network a major driver of growth.<\/p>\n<hr style=\"height: 2px;border-width: 0;color: gray;background-color: gray\" \/>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a href=\"https:\/\/sub.ent.news\/menaplus\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1560.gif?ssl=1\" \/><\/a><\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Riyadh to Mumbai. Abu Dhabi to Singapore. Dubai to London. Cairo to Shenzhen.<\/strong><\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The most important business stories in MENA aren\u2019t happening inside MENA anymore<\/strong> \u2014 they\u2019re happening at the edges, where regional capital meets global ambition.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>EnterpriseAM MENA+ is our new flagship newsletter<\/strong>, built to cover the flows of capital, people, and ideas across the Middle East \u2014 and beyond it. AI, geopolitics, the war for talent, sovereign wealth strategy, the changing energy economy, and the new corridors reshaping global trade.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong><a href=\"https:\/\/sub.ent.news\/menaplus\/\" target=\"_blank\" rel=\"noopener\">Tap or click here to get your own copy<\/a><\/strong> delivered to your inbox every Monday, Wednesday, and Friday at 12 pm UAE | 11 am KSA | 11 am Egypt.<\/p>\n<hr style=\"height: 2px;border-width: 0;color: gray;background-color: gray\" \/>\n<p class=\"tag-border-left\">The big story abroad<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Jay Powell\u2019s final Fed meeting as chair was an unremarkable one<\/strong>, with the US central bank <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20260429a.htm\" target=\"_blank\" rel=\"noopener\">holding rates<\/a> in line with market expectations. A divided Federal Reserve kept the policy rate in the 3.50%-3.75% range \u2014 four policymakers voiced their dissent, a level of division unseen since 1992. The bank cited persisting inflation and rising energy prices for the move, pointing to a \u201chigh level of uncertainty\u201d stemming from the US-Iran war.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Powell may be stepping down as chair, but he\u2019s not leaving the Fed just yet. <\/strong>After his term as chair comes to an end on 15 May, he will \u201ckeep a low profile as a governor\u201d for an indefinite period, preventing President Donald Trump from clinching a majority on the Fed\u2019s Board of Governors. Powell has expressed concern for the institution\u2019s independence and transparency as he came under attack from Trump in recent months.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Who\u2019s next?<\/strong> Trump-nominated Kevin Warsh <a href=\"https:\/\/www.reuters.com\/business\/fed-likely-hold-rates-steady-what-may-be-last-meeting-powell-era-2026-04-29\/\" target=\"_blank\" rel=\"noopener\">will likely take on<\/a> the mantle of chair in time for the Fed\u2019s meeting in mid-June.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Meanwhile, in the tech world: <\/strong>AI startup Anthropic is <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-29\/anthropic-considering-funding-offers-at-over-900-billion-value?srnd=homepage-middle-east\" target=\"_blank\" rel=\"noopener\">reportedly exploring<\/a> a new funding round that would propel its valuation beyond the USD 900 bn mark. If successful, the move would push the company\u2019s valuation past that of rival OpenAI.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>ALSO- The AI spending boom is alive and well.<\/strong> Tech giants Amazon, Google, Microsoft, and Meta <a href=\"https:\/\/www.nytimes.com\/2026\/04\/29\/technology\/ai-spending-tech-data-centers.html\" target=\"_blank\" rel=\"noopener\">poured around USD 130 bn<\/a> into capital expenditures, with the lion\u2019s share of that investment fueling data center infrastructure required to power AI.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">Get <b style=\"font-weight: bold\">Enterprise<\/b> daily<\/h4>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p><a class=\"btn-green px-3 d-flex align-items-center\" href=\"\/egypt\/en\/user\/NewsLetters\" target=\"_blank\" rel=\"noopener\">Subscribe here<\/a><\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">***<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Were you forwarded this email?<\/strong> <a href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" target=\"_blank\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on <a href=\"mailto:UAE@enterpriseAM.com\" target=\"_blank\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\" target=\"_blank\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a href=\"https:\/\/enterprise.news\/ksa\/en\" target=\"_blank\" rel=\"noopener\">Saudi Arabia<\/a><\/strong>, and the MENA <a href=\"https:\/\/enterprise.news\/logistics\/en\" target=\"_blank\" rel=\"noopener\">logistics<\/a> industry?<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">***<\/p>\n<p class=\"tag-border-left\">Oil watch<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Adnoc sharply hiked the price of its flagship Murban crude for May<\/strong>, raising it to USD 110.75 \/ bbl from USD 69.45, <a href=\"https:\/\/www.zawya.com\/en\/business\/energy\/uaes-adnoc-raises-murban-crude-selling-price-to-11075-bbl-for-may-g7chndbj\" target=\"_blank\" rel=\"noopener\">Reuters<\/a> reports. The move comes as crude benchmarks remain elevated due to the ongoing blockade of the Strait of Hormuz, with Brent crude climbing above USD 110 <a href=\"https:\/\/www.ft.com\/content\/0244cd6d-b0da-435c-9c84-7ff4f37ec9ec?syn-25a6b1a6=1\" target=\"_blank\" rel=\"noopener\">yesterday<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>What does <\/strong><strong>our exit from Opec mean for energy prices? Predictions roll in. <\/strong>US President Donald Trump believes the move will lower energy prices, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-29\/trump-hails-uae-s-exit-from-opec-says-will-lower-energy-prices\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a> reports. \u201cIt\u2019s a good thing for getting the price of gas down, getting oil down, getting everything down,\u201d Trump said.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Moscow agrees: <\/strong>Russia\u2019s Finance Minister made a similar argument, <a href=\"https:\/\/www.reuters.com\/business\/energy\/russia-says-uaes-exit-opec-will-increase-global-production-bring-down-oil-prices-2026-04-29\/\" target=\"_blank\" rel=\"noopener\">saying<\/a> that the exit will prompt the oil cartel to boost production, which will bring down energy prices in the future.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Others are less optimistic: <\/strong>Goldman Sachs <a href=\"https:\/\/www.reuters.com\/business\/energy\/goldman-says-uaes-exit-opec-raises-medium-term-oil-supply-upside-risk-2026-04-29\/\" target=\"_blank\" rel=\"noopener\">predicts<\/a> the exit will trigger greater upside risk to oil supply in the medium term, given that UAE crude production is set to reach 3.8 mn bbl \/ d by October 2026.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Brent hit a multi-year high overnight: <\/strong>The global benchmark surpassed the USD 120 per barrel mark in the early hours of the morning, briefly hovering at around USD 122 \u2014 its highest level since 2022 \u2014 before easing. This followed reports of a prolonged US naval blockade on Iran.<\/p>\n<p class=\"tag-border-left\">Circle your calendar<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: DIFC\u2019s growth momentum held up in 1Q<\/p>\n","protected":false},"author":1,"featured_media":116319,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1543],"tags":[755,7,719,1334,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-116318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-difc","tag-enterpriseam-uae","tag-rakbank","tag-trade","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"d2c2a7e7-16e9-4436-a29d-1c71eb92e0a5","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/7\/1783.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS 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