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Abu Dhabi National Oil Company has opened another spot crude tender, offering buyers the option to load cargoes inside the Strait of Hormuz as Gulf exporters test confidence in a shipping route still shadowed by security, insurance and transit concerns after an interim U. S.-Iran peace arrangement. The tender, issued on Friday, covers Upper Zakum, Umm Lulu and Das crude for June, July and August loading, with […]

Arabian Post Staff -Dubai Iran’s Strait of Hormuz regulator has suspended planned transit charges for 60 days, easing immediate pressure on shipowners as Tehran and Washington enter a negotiation window under a memorandum of understanding signed this week. The Persian Gulf Strait Authority said on Friday that vessels seeking passage through the waterway must submit transit requests at least 48 hours before arrival while the interim arrangement […]

HONG KONG SAR – Media OutReach Newswire – 20 June 2026 – Hong Kong’s Government Flying Service (GFS) held its inaugural three-day International Symposium on Emergency Response and Aeromedical Services (ISERAS) (June 16-18), bringing together more than 230 policymakers, experts and academics, and industry representatives from over 70 institutions and accredited organisations.

With participants from places including Hong Kong, the Chinese Mainland, Australia, the United Kingdom, Austria, Indonesia, Singapore and Thailand, the event aimed to foster closer co-operation in emergency linkage, resource sharing, and professional training among different regions.

The inaugural International Symposium on Emergency Response and Aeromedical Services was held in Hong Kong from June 16 to 18. Photo shows the Under Secretary for Security of the Hong Kong Special Administrative Region (HKSAR) Government, Michael Cheuk (fifth left); the Director General of the Rescue and Salvage Bureau of the Ministry of Transport of the People's Republic of China, Wang Lei (fifth right); the Controller of the Government Flying Services of the HKSAR Government, Captain Eddie Liu (fourth right), and other guests at the opening ceremony.
The inaugural International Symposium on Emergency Response and Aeromedical Services was held in Hong Kong from June 16 to 18. Photo shows the Under Secretary for Security of the Hong Kong Special Administrative Region (HKSAR) Government, Michael Cheuk (fifth left); the Director General of the Rescue and Salvage Bureau of the Ministry of Transport of the People’s Republic of China, Wang Lei (fifth right); the Controller of the Government Flying Services of the HKSAR Government, Captain Eddie Liu (fourth right), and other guests at the opening ceremony.

The symposium featured a series of plenary sessions, panel discussions, technical visits, and live demonstrations jointly conducted by the GFS and various government emergency units. A number of memoranda of understanding were signed during the event, to deepen collaboration between the GFS and the Chinese Mainland as well as domestic and international emergency, aviation, and medical institutions.

Speaking at the opening ceremony, the Under Secretary for Security, Michael Cheuk, said that the challenges of emergency response as a result of the realities of climate change are evolving at an unprecedented pace.

“A shift to proactive prevention, continuous enhancement of international and cross-regional collaboration, and enhanced experience and insight sharing among stakeholders are key to rising to new and complex challenges,” Mr Cheuk said, adding that the collaborative spirit of ISERAS will forge stronger partnerships, further strengthen emergency response capabilities, and secure a safer future for communities.

The Director General of the Rescue and Salvage Bureau of the Ministry of Transport of the People’s Republic of China (CRS), Wang Lei, also attended the symposium and delivered a keynote presentation on air rescue capabilities and strategic development in the South China Sea.

The symposium concluded with an interdepartmental counter-terrorism drill and exchange session, with the participation of the GFS, the Hong Kong Police Force and the Hong Kong Fire Services Department, showcasing Hong Kong’s professional capabilities in responding to terrorist attacks.

The symposium concluded with an interdepartmental counter-terrorism drill.
The symposium concluded with an interdepartmental counter-terrorism drill.

The Controller of the GFS, Captain Eddie Liu, said that the GFS has always played an important role in emergency response and rescue. “In addition to assisting in search and rescue, providing air ambulance and other emergency aeromedical services, the GFS also shoulders the responsibility of maintaining internal security of the HKSAR,” he said.

“In emergencies such as terrorist attacks, the GFS would make rapid deployment to assist the disciplined services in conducting air assault, offering all-round support to the HKSAR Government’s overall counter-terrorism efforts.”

Since its establishment in 1993, the GFS has served at the forefront of round-the-clock search-and-rescue and emergency aeromedical operations, while the ISERAS aims to collectively build a truly transnational pool of professional expertise, thereby underscoring Hong Kong’s status as an aviation hub for emergency response in Asia.



Hashtag: #HongKong #BrandHongKong #GFS #Emergency #Response #Aeromedical #Symposium





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Iran has moved to impose a new authorisation regime over the Strait of Hormuz, saying vessels must secure permission and mandatory insurance before crossing the world’s most sensitive energy chokepoint, even as Washington said about 20 ships had quietly sailed through the waterway. The measure, framed by Tehran as a safety and liability requirement, has raised alarm across shipping, insurance and energy markets because it appears to […]

Amazon Web Services has unveiled AWS Continuum, an AI-powered vulnerability management platform designed to discover, prioritise, validate and remediate code security flaws as enterprises struggle with rising software risk and expanding backlogs. The platform, announced on June 17, 2026, is available in gated preview and begins with code vulnerabilities, covering first-party and third-party code before AWS expands it to other areas of security. It uses multiple frontier […]

Security teams have been urged to update the UEFI Forbidden Signature Database after a newly disclosed weakness showed that trusted vendor-signed boot applications can be misused to bypass Secure Boot and run unauthorised code before an operating system starts. The issue, tracked as VU#457458 and made public on June 18, 2026, affects multiple UEFI applications signed by hardware and firmware vendors. The weakness does not rely on […]

Cybersecurity investigators have exposed a cryptocurrency theft campaign that used fake GitHub popularity, AI-narrated YouTube videos, manipulated download figures and favourable platform comments to make malicious software appear safe before victims installed it. The operation centred on a Rust-based clipboard hijacker, known in cybercrime circles as a clipper, that monitors copied wallet addresses and silently replaces them with addresses controlled by the attacker. The malware was built […]

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By T N Ashok On a humid June morning in India’s capital, the birthday wishes began arriving before sunrise. Students posted videos on Instagram. Party workers unfurled banners across small towns. Political allies issued carefully worded messages of solidarity. Critics, never far behind, reminded the nation of his electoral defeats, his verbal missteps and the […]

The article The Twists And Turns In Rahul Gandhi’s 22 Year Old Political Journey appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Dubai International Financial Centre has opened a 30-day consultation on proposed amendments to its Data Protection Regulations, setting out tougher governance requirements for artificial intelligence systems that process personal data across the financial centre. The proposals, published under Consultation Paper No. 3 of 2026, are aimed at reinforcing the framework for autonomous and semi-autonomous systems, clarifying certification obligations and defining the responsibilities of Autonomous Systems Officers. Stakeholders […]

Arabian Post Staff -Dubai MENA mergers and acquisitions are expected to recover only gradually after war-driven volatility hit confidence, even as bankers say the region’s strategic deal pipeline remains alive. Bank of America expects activity lost during the first half of the year to take months, rather than days or weeks, to return, with transactions delayed by the conflict involving Iran, the US and Israel. The bank’s […]

By R. Suryamurthy India’s economy is supposedly doing remarkably well. Growth remains among the fastest in the world. Stock markets continue to flirt with record highs. Billionaires are multiplying. Airports are expanding. Bullet trains are advancing. Defence exports are reaching new milestones. The nation is speaking confidently about becoming a $10 trillion economy and a […]

The article The Great Dichotomy Of The Growing Indian Economy Haunts Millions appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

HONG KONG SAR – Media OutReach Newswire – 18 June 2026 – Hong Kong jumped one place to become the world’s second most competitive economy, according to the 2026 World Competitiveness Ranking published today (June 18) by the Swiss-based International Institute for Management Development (IMD). It is Hong Kong’s highest ranking since 2019, and builds on three consecutive years of improvement.

Welcoming the report, a spokesperson for the Hong Kong Special Administrative Region (HKSAR) Government said, “The World Competitiveness Yearbook (WCY) 2026 reaffirms Hong Kong as one of the most competitive economies in the world, and notes that Hong Kong’s rise to second sustains the strong upward trajectory from 2024 and 2025.”

Hong Kong ranks No.2 globally in 2026 IMD World Competitiveness Ranking
Hong Kong ranks No.2 globally in 2026 IMD World Competitiveness Ranking

In announcing the results, the IMD noted that, amid rising geopolitical tensions, competitive advantage hinges on credible institutions, predictable rules, enforceable commitments and public trust.

According to WCY 2026, Hong Kong’s rise reflects sustained performance across the four competitiveness factors measured. Among these factors, Hong Kong ranks second in “Government efficiency” and third in “Business efficiency”. “Infrastructure” and “Economic performance” rank eighth and 11th respectively.

As regards the various competitiveness sub-factors, Hong Kong tops the rankings in “Tax policy” and “Business legislation”, ranks second in “Finance”, third in “International trade”, “International investment”, “Management practices” and “Education”, and fourth in “Public finance” and “Basic infrastructure”.

“In the competitiveness factor ‘Government efficiency’, Hong Kong continues to rank second globally, reflecting the HKSAR Government’s ongoing efforts to promote free and open, stable, predictable and business-friendly economic policies, as well as the international community’s trust in Hong Kong’s legal and regulatory environment,” the spokesperson said.

“Hong Kong’s ‘Business efficiency’ is ranked third globally, reflecting the strong support for industry development rendered by our robust financial ecosystem, as well as the seamless alignment of the city’s business practices and environment with international best standards.”

Hong Kong has become a "value hub" that offers both security and growth opportunities
Hong Kong has become a “value hub” that offers both security and growth opportunities

Amid rapidly evolving geopolitical dynamics, Hong Kong, with its close connectivity to both the Chinese Mainland and the world under the “one country, two systems” principle, and its sound institutions, open markets and sustained investments in innovation, has become a “value hub” that offers both security and growth opportunities.

In fact, Hong Kong continues to excel in various international rankings including those for economy, finance, and talent. The International Monetary Fund has also given positive recognition to Hong Kong in recent months, and major credit rating agencies have successively reaffirmed Hong Kong’s credit ratings and ‘stable’ outlook.

“All these echo the WCY 2026 results,” the spokesperson said.

Currently, Hong Kong is formulating at full speed its first Five-Year Plan, to proactively align with the National 15th Five-Year Plan.

“With the staunch support of our country, the HKSAR Government will work together with all sectors of society to strengthen our role and function as a ‘super connector’ and ‘super value-adder’, with a view to better integrating into and serving the overall national development, achieving our own high-quality development, creating more new room for development for our people and businesses, as well as opening up new opportunities for global investors and enterprises,” the spokesperson said.

Hashtag: #HongKong #BrandHongKong #Global #Competitiveness





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Washington and Tehran have published the text of an interim agreement signed by their presidents to halt a wider Middle East war, even as President Donald Trump warned that the United States could resume strikes and target Iranian officials if Tehran failed to meet its commitments. The 14-point memorandum, signed on Wednesday by Trump and President Masoud Pezeshkian, extends an earlier ceasefire for 60 days and opens […]

Leonardo and Abu Dhabi’s EDGE Group have set a target of more than €4 billion in orders over five years for a new defence sensors and systems joint venture, signalling a deeper industrial push by the UAE into high-end military technology and a wider export drive by Europe’s defence manufacturers. The venture, detailed at a Paris event on Wednesday, is expected to begin operations with contracts already […]

Gulf economies are forecast to stage a sharp rebound in 2027 after a conflict-driven contraction this year, as energy exports recover, travel demand returns and business confidence improves across the six-member Gulf Cooperation Council. The latest ICAEW-Oxford Economics Economic Insight report projects GCC gross domestic product to shrink 2.4 per cent in 2026, before expanding 8.1 per cent in 2027. The forecast marks one of the starkest […]

Arabian Post Staff -Dubai Investcorp has acquired a strategic stake in Metra, the UAE-headquartered IT distributor, in a deal that strengthens the Bahrain-based alternative investment manager’s exposure to the Gulf’s expanding digital infrastructure, artificial intelligence and cybersecurity markets. The value of the transaction and the size of the shareholding were not disclosed. The investment gives Metra its first institutional shareholder and is intended to support the company’s […]

Luvina Software Singapore officially launches as a trusted technology partner for AI-powered transformation and enterprise modernisation across APAC

SINGAPORE – Media OutReach Newswire – 18 June 2026 – After more than two decades of delivering enterprise-grade software engineering and digital transformation solutions to multinational corporations and leading Japanese enterprises, Luvina Software Singapore today officially launches its operations in Singapore, marking a significant milestone in its global growth strategy and reinforcing the Republic’s role as a regional hub for advanced technology, artificial intelligence (AI) and digital innovation.

Management, partners, and guests commemorate the official launch of Luvina Software Singapore. (Front row, second from left: Lynn Le, Director of Luvina Singapore; Ethan Lim, CEO of Luvina Software Singapore; and Le Quang Luong, Co-Founder and CEO of Luvina Software).
Management, partners, and guests commemorate the official launch of Luvina Software Singapore. (Front row, second from left: Lynn Le, Director of Luvina Singapore; Ethan Lim, CEO of Luvina Software Singapore; and Le Quang Luong, Co-Founder and CEO of Luvina Software).

Established as a strategic joint venture between Luvina Software Vietnam and Singapore-based consulting firm GleamCore, Luvina Software Singapore aims to serve as a trusted gateway for organisations seeking high-quality, scalable and cost-efficient digital transformation solutions across the Asia Pacific region and beyond. The official inauguration was commemorated in the presence of Mr Cao Xuan Thang, Commercial Counsellor and Head of the Vietnam Trade Office in Singapore, alongside other senior representatives from the Embassy of Vietnam in Singapore, including senior diplomatic and trade officials, as well as strategic partners, enterprise leaders and key stakeholders from Singapore’s technology ecosystem.

The Singapore office represents a strategic move to bridge a growing gap in the digital economy, where organisations are under mounting pressure to modernise legacy systems, adopt AI and scale technological capabilities amid rising costs and talent shortages.

As businesses worldwide accelerate digitalisation, Singapore has emerged as one of the world’s most trusted technology ecosystems and a strategic gateway between East and West, with strong global connectivity, a highly developed regulatory environment and growing leadership in AI and Smart Nation initiatives.

Luvina Software’s decision to establish a presence in Singapore comes amid growing demand for trusted technology partners capable of delivering measurable outcomes. While many businesses prioritise digital transformation, organisations continue to face barriers including high implementation costs, delivery quality consistency, fragmented technology ecosystems and shortages in specialised engineering talent.

Singapore’s investments into frontier technologies, including more than S$1 billion committed towards National AI Research & Development between 2025 and 2030, further reinforce the nation’s position as a trusted global AI hub and a launchpad for regional and international expansion.

Founded in 2004 in Hanoi, Vietnam, Luvina Software has grown into a globally trusted software engineering company with over 750 employees, 1,000+ projects delivered, and more than 110 enterprise clients worldwide across sectors including insurance, banking, healthcare, manufacturing and retail. Impressively, 95% of its clients have remained with the company for at least a decade, underscoring its longstanding reputation for consistency, quality and reliability.

Luvina Software also operates delivery centres in Hanoi, Da Nang and Ho Chi Minh City, alongside international footprints in Japan, the United States and now Singapore, enabling seamless hybrid and offshore delivery models for clients across global markets.

Its long-standing experience serving discerning Japanese corporations has shaped a delivery philosophy rooted in precision, accountability and rigorous governance, supported by globally recognised certifications including ISO 27001 and CMMI Level 3 for both Services and Development.

At the heart of Luvina Software Singapore’s proposition is a unique operating model that combines Singapore-based strategic advisory and governance with Vietnam’s large-scale engineering capability, allowing enterprises to modernise systems and accelerate innovation without compromising quality or control.

The company’s core focus areas include:

  • AI-Powered Transformation & Intelligent Solution Engineering
  • Enterprise Systems Modernisation & Managed Business Platforms
  • High-Performance Engineering Capacity Enablement

Through its AI-enabled Offshore Development Centre (ODC) model, Luvina integrates AI-assisted software engineering into software planning, coding, testing and deployment, helping organisations accelerate delivery timelines, reduce inefficiencies and improve operational scalability while maintaining strict governance and quality assurance.

Rather than merely acting as a software vendor, Luvina positions itself as a long-term transformation partner, offering end-to-end accountability from technology strategy and implementation to long-term support and optimisation.

As part of its Singapore growth strategy, Luvina Software Singapore intends to work closely with solution providers, system integrators, professional service firms, venture capital and private equity firms, as well as enterprises seeking to co-develop scalable digital products for regional and international markets.

The company has already secured momentum in the Singapore market, having acquired more than a dozen local projects, with plans to further expand its presence across Southeast Asia, Australia and Europe in subsequent phases of growth.

Among its growing portfolio of clients are Nomura Research Institute Ltd., Japan’s largest economic research, management consulting and IT systems integration firm; CRESCO Ltd., a prominent Japanese IT systems integrator and software development company; and CRESCO Vietnam Co. Ltd., the Vietnam subsidiary of the CRESCO Group providing offshore development and IT solutions for Japanese enterprises. The portfolio also included Soliton Systems K.K., a specialist in cybersecurity, identity management, and secure access technologies, reinforcing Luvina Software Singapore’s reputation as a trusted technology partner for enterprise transformation and high-performance software delivery.

Mr Le Quang Luong, Co-Founder and CEO of Luvina Software, said, “Singapore represents not only a new market for us but it’s also a strategic gateway for how we intend to co-create the future of enterprise technology across the region. As organisations face mounting pressure to modernise, adopt AI and scale with confidence, businesses do not simply need more technology vendors; they need trusted partners who can bridge strategy, execution and measurable outcomes.”

“Through Luvina Software Singapore, we bring together Singapore’s global connectivity and governance strengths, Vietnam’s engineering excellence, and Japan’s deeply rooted standards of quality and reliability to help organisations transform with greater speed, confidence and accountability. Ultimately, we are here to turn complex work into outcomes businesses can count on,” added Mr Ethan Lim, CEO of Luvina Software Singapore.

Looking ahead, Luvina Software Singapore intends to deepen its role in helping enterprises modernise legacy systems, accelerate AI adoption and co-develop scalable digital solutions that can be commercialised globally, reinforcing Singapore’s role as a strategic innovation hub for the region.

For more information, please visit: www.luvina.net

Hashtag: #LuvinaSoftware #LuvinaSoftwareSingapore #AI #Launch #DigitalInnovation #Software #Singapore #Vietnam




The issuer is solely responsible for the content of this announcement.

Luvina Software Singapore

Luvina Software Singapore is the Singapore arm of Luvina Software, a Vietnam-founded enterprise software engineering and digital transformation company with more than 20 years of experience serving multinational corporations and leading Japanese enterprises. Established as a strategic gateway to the Asia Pacific market, Luvina Software Singapore provides AI-powered digital transformation, enterprise systems modernisation, cloud engineering, managed services and high-performance engineering capacity enablement.

Combining Singapore-based strategic advisory and governance with Vietnam’s engineering excellence, Luvina Software Singapore helps businesses accelerate innovation, modernise systems and scale with confidence.

SINGAPORE – Media OutReach Newswire – 18 June 2026 – Seafood Expo Asia/Seafood Processing Asia, organized by Diversified, announces its 2026 conference program ahead of the fourteenth edition of the event, taking place 2–4 September at the Sands Expo & Convention Centre, Singapore. Free to attend to all registered visitors, this year’s program brings leading voices from the industry and across technology and policy to address the defining challenges and opportunities shaping seafood’s future across Asia and beyond.

Consumer Trust & Market Dynamics

A session titled Seafood in the Spotlight: Trust. Taste. Tomorrow’s Consumer will present findings from a GlobeScan bi-annual survey commissioned by the Marine Stewardship Council (MSC), tracking consumer attitudes across 20+ global markets. Fresh from its debut at Seafood Expo Global in April, the research lands in Singapore at a critical moment. Attendees will explore how rising sustainability expectations, cost-of-living pressures and shifting retail dynamics are reshaping purchasing decisions and what it takes to build durable consumer trust.

The most pressing issues facing the Asian shrimp trade will be discussed in a session around rebalancing export-dependent supply as demand and price signals shift across major markets. Amid reduced China import pull, elevated US tariffs and uneven farm output trends, these forces are already reshaping trade flows, pricing power and production planning decisions and will determine which Asian producers can protect margins and maintain market access in 2026–2027.

Innovation & Technology

A panel of industry insiders will discuss the rapid rise of recirculating aquaculture systems across the region in RAS Fish Farming: Why is Asia Leading the Way. The panel will deliver an honest assessment of real-world challenges alongside compelling results already being achieved in markets across Asia, and what this leadership position means for the future of sustainable fish production worldwide.

A session around Asia’s growing demand for seafood processing will discuss how advanced automation, productivity gains and a sharper focus on consumer trends are significantly changing the industry across Asia. Challenging market conditions are driving the industry to rethink the future of the processing environment, with innovative tools and precise systems now enabling processors to optimize resource utilization and promote sustainability to drive maximum profit. The session features Marcel Franz, Managing Director of BAADER Asia and Nils Rabe, Global Sales Director Fish at BAADER.

Eric Enno Tamm, CEO of ThisFish Inc. will map the practical and transformative applications of AI across seafood supply chains in The Definitive Guide to AI & the Tuna Value Chain. From machine learning and computer vision to generative AI and AI agents, Tamm will outline how these technologies are already reshaping operations and offer a forward-looking vision of what an AI-optimized tuna value chain could look like from boat to plate.

Food Integrity & Digital Resilience

FAO GLOBEFISH convenes a timely session on Aquatic Food Fraud: Mislabeling, Market Demand and Consumer Trust. Drawing on FAO’s recent technical paper on food fraud in the fisheries and aquaculture sector, the session will examine a problem of significant scale: up to 20% of fisheries and aquaculture products may be mislabeled globally, with fraud particularly prevalent in processed products, restaurants and catering. The session will examine how price incentives, supply chain complexity and governance gaps interact to enable fraud, and what governments, industry, retailers and standard-setting bodies are doing to address it.

The Invisible Net: Securing the Digital Integrity and Resilience of the Asian Seafood Supply Chain is a session led by the President of the Cyber Security Alliance for the Seafood Industry (CSAFI) that will discuss the emerging risk for the sector. As seafood supply chains become increasingly powered by IoT-enabled processing plants, AI-driven logistics and blockchain-backed traceability, they also become vulnerable to cyberattack. With incidents on global logistics networks rising over 900% in five years, a single breach can trigger immediate product spoilage, financial loss and reputational damage.

The session will present a 2026 roadmap for protecting operational technology, defending traceability data against digital fraud and making the business case for cybersecurity as a core ESG and trade compliance imperative.

Learn More & Register to Attend

Seafood industry professionals can learn more about Seafood Expo Asia/Seafood Processing Asia, find information on the conference program and other special events, and register to attend for free by visiting www.seafoodexpo.com/asia.

To register as media/press, please visit the press center.

Hashtag: #SEASIA26

The issuer is solely responsible for the content of this announcement.

About Seafood Expo Asia/Seafood Processing Asia

is a trade event where buyers from across Asia and industry suppliers from around the world come together to network and conduct business in the lucrative Asian market. The event is produced by Diversified and takes place annually in Asia. SeafoodSource is the exposition’s official media covering industry news year-round.

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About Diversified

Diversified is a global B2B events and media company that strengthens business communities by fostering a space, in person and online, for professionals and businesses to connect and grow. The company serves as a trusted partner across several industries including active lifestyle, business management, clean energy, commercial marine, healthcare, seafood, technology and more. The company’s global seafood portfolio of expositions and media includes Seafood Expo North America/Seafood Processing North America, Seafood Expo Global/Seafood Processing Global, Seafood Expo Asia/Seafood Processing Asia and SeafoodSource.com. Established in 1949 and headquartered in Portland, Maine, the global company has divisions and offices around the world in Australia, Canada, Hong Kong and the United Kingdom. Diversified is a third-generation, family-owned business. For more information, visit: .

A long-running phishing operation has turned GitHub Pages into a low-cost staging ground for fake banking portals aimed at customers of financial institutions operating in Mexico, harvesting logins, payment card details and customer identifiers through a modular kit built for fast redeployment. The campaign, tracked as GitBait, has been active for nearly three years and has impersonated at least a dozen banks and financial services providers. Its […]

A malware campaign on the JetBrains Marketplace has put developer credentials at risk after at least 15 AI-themed plugins were found quietly forwarding users’ large-language-model API keys to an attacker-controlled server while continuing to perform the coding tasks they advertised. The plugins, listed under seven vendor accounts, were presented as coding assistants, code reviewers, bug finders, unit-test generators and Git commit-message tools. They invoked services familiar to […]

NVIDIA has patched three high-severity vulnerabilities in its NeMo Framework, including a Linux command-injection flaw that could let low-privileged attackers run code, escalate access, alter data or expose information on affected AI development systems. The June security update covers NeMo Framework versions from 0.0 through 2.7.2, with users advised to move to version 2.7.3 or later. The flaws are tracked as CVE-2026-24155, CVE-2026-24252 and CVE-2026-24228, each carrying […]

Intersec Saudi Arabia has formed two advisory committees to steer the conference agenda for its 2026 edition, bringing senior security, aviation, infrastructure, fire-protection and emergency-management figures into the planning of the Future Security Summit and the Fire Protection & Technology Summit. The move places artificial intelligence, cyber-physical security, critical infrastructure resilience, predictive risk management and next-generation fire protection at the centre of the Riyadh event, scheduled for […]

Freight costs on key Asia-UAE routes have surged from about $1,000 to as much as $7,000 per container, intensifying pressure on importers, retailers, manufacturers and re-exporters that rely on Dubai and other UAE hubs for supplies moving across the Gulf, Africa and South Asia.

The jump, flagged at an IBPC Dubai logistics session, reflects a wider disruption in maritime corridors linked to Middle East tensions, fuel-cost volatility, security-risk surcharges and capacity constraints. Paras Shahdadpuri, Governor of IBPC Dubai and Chairman of Nikai Group, said the disruption had tested businesses while reinforcing confidence in the UAE’s ability to respond effectively. “Freight rates have risen from $1,000 to $7,000, putting pressure on businesses, but the speed of response here has helped maintain confidence in uncertain times,” he said.

The impact is being felt most sharply by businesses with thin margins or long replenishment cycles. Consumer electronics, appliances, automotive parts, food products, textiles, building materials and pharmaceutical consignments are among the categories most exposed to higher freight, delayed vessel schedules and tighter booking windows. Importers face a difficult choice: absorb added costs, renegotiate supply contracts, delay shipments or pass part of the burden to consumers.

Dubai’s response has centred on route diversification, customs facilitation and closer coordination among ports, logistics operators, carriers and government agencies. The Green Corridor linking Dubai and Oman has become a critical pressure valve, allowing cargo arriving through Omani ports and airports to move overland through streamlined procedures. Customs declarations through the corridor rose from about 12,000 in March to nearly 100,000 in April, while the value of goods moved increased from Dh1 billion to more than Dh8 billion.

The corridor has helped sustain flows for containers destined for Jebel Ali, goods entering the local market and re-export cargo bound for other destinations. More than 100,000 TEUs have already moved through Green Corridor initiatives, underlining how quickly shippers have adapted to alternative supply routes. Food security shipments and refrigerated cargo movements have remained stable, a key benchmark for a market dependent on uninterrupted imports.

Freight inflation is not confined to the UAE lane. Global container benchmarks have moved higher as peak-season demand started earlier than usual and conflict risk reshaped vessel deployment. The World Container Index climbed to $3,549 per 40ft container in mid-June, while Asia-Europe and transpacific routes also recorded rate increases. Fuel costs, insurance premiums and route deviations have widened the gap between contracted and spot-market pricing.

The UAE’s logistics model has so far avoided the deeper breakdown seen during earlier global supply-chain shocks. Jebel Ali remains central to regional trade, while Fujairah, Khor Fakkan and Omani gateways have gained strategic importance as alternative access points. Cargo owners are mixing sea, land and air solutions to balance cost against reliability, making multimodal logistics a boardroom issue rather than a back-office procurement function.

The pressure comes at a sensitive time for India-UAE trade, which has expanded under the Comprehensive Economic Partnership Agreement that entered into force in 2022. Bilateral trade reached $101.25 billion in FY2025-26, with the UAE ranking as India’s third-largest trading partner and second-largest export destination. Higher freight costs risk eroding some of the tariff and market-access gains achieved through the pact, particularly for mid-sized exporters and distributors operating on fixed price commitments.

Business groups say the crisis is accelerating changes that were already under way. Importers are adding supplier options in Southeast Asia and the GCC, splitting shipments across ports, increasing buffer stocks for critical items and using digital tracking tools to manage delays. Logistics providers are offering blended products that combine ocean freight, bonded trucking and air cargo, while retailers are reviewing inventory cycles before the next seasonal demand peak.

The strain is also prompting fresh attention to contract design. More companies are inserting freight-adjustment clauses, separating shipping costs from product pricing and seeking clearer force-majeure language for geopolitical disruption. For smaller traders, the biggest challenge is cash flow: a container that once required a modest upfront freight payment can now tie up several times more capital before goods even reach the warehouse.

A Russian frigate fired warning shots near a UK-registered civilian yacht in the English Channel, causing no injuries or damage but intensifying concern over Moscow’s naval activity close to Britain. The incident took place at about 11.40am on Tuesday, around 20 nautical miles south of the Isle of Wight and outside UK territorial waters. The vessel involved was the 40ft sailing yacht Bright Future, carrying retired couple […]

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