10 Hrs
Source:
البيان
Conflict reaches markets
The article warns that a renewed U.S.–Iran confrontation could drive up shipping and insurance costs and put pressure on trade, tourism, and investment in the UAE—with more severe risks if maritime traffic or critical infrastructure is disrupted. Since the start of 2026, cement prices in the UAE have risen by 16%, concrete by 10%, and reinforcing steel by 8%. Meanwhile, the Habshan–Fujairah pipeline and an ADNOC pipeline now under construction are strengthening alternative routes for oil exports that bypass the Strait of Hormuz. The article recommends a proactive economic response mechanism that links escalation indicators to temporary measures, including speeding up payments to contractors, providing financing guarantees, and protecting purchasing power, while tracking preparedness and recovery. The cost of responding too late could exceed the cost of acting early.
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