China’s Huawei will sell batteries to British business Aggreko for a renewable energy project in Brazil’s Amazon region, in what is expected to become the country’s largest-ever energy storage system, the two companies told Reuters.

Huawei’s batteries will run alongside solar plants set up in microgrids across Brazil’s Amazonas state, in order to diversify Aggreko’s power supply in the region away from polluting thermal plants.

Aggreko’s project will cost about 850 million reais ($165.55m) and take up to three years for full implementation, with the first plants coming online between 2027 and 2028, said Cristiano Lopes Saito, Aggreko’s director for sales to the utilities sector in Brazil.

“It’s an extremely disruptive project, the largest microgrid project currently in the Americas,” Barbara Pizzolato, off-grid director at Huawei in Brazil told Reuters.

While the thermal plants will remain operational to guarantee supply, the project should allow for lower carbon emissions, the companies said.

They forecast that the microgrids will supply energy to communities in 24 locations in Amazonas state, including in large cities such as Tefe, home to about 75,000 people.

The project is a boost to Huawei, as the Chinese manufacturer seeks to expand operations in Brazil amid expectations of an upcoming first-ever government auction for batteries.

Brazil is just starting to adopt battery energy storage systems and has only one large-scale project of this type, by the transmission company ISA Energia on the coast of Sao Paulo state.

Gold prices rose on Monday after the US and Israel launched major strikes on Iran, escalating geopolitical tensions and deepening global economic uncertainty.

Spot gold was up 1.88 per cent at $5,376.44 an ounce, as of 0632 GMT, after hitting its highest point in more than four weeks. Earlier in the session, bullion prices had climbed as much as 2 per cent.

US gold futures rose 2.7 per cent to $5,389.20 per ounce.

Israel launched a new wave of strikes on Tehran on Sunday and Iran responded with more missile barrages, a day after the killing of Khamenei pitched the Middle East and the global economy into deepening uncertainty.

“Unlike previous escalations in this conflict, there is fairly strong incentive here for both sides to continue to escalate potentially – and that runs the risk of leading to a pretty chaotic, uncertain and, therefore, volatile environment for more than just a few days … the dynamic for gold is pretty positive,” said Kyle Rodda, senior financial market analyst at Capital.com.

However, the US dollar index rose 0.27 per cent, making gold more expensive for overseas buyers and capping the metal’s gains.

Bullion, a traditional safe-haven asset, has hit successive record highs this year due to heightened global political and economic uncertainty.

The latest rally builds on a 64 per cent surge in 2025, driven by strong central bank buying, robust inflows into exchange-traded funds and expectations of US monetary policy easing.

“Gold is perhaps the finest barometer to reflect global uncertainty and, to mix metaphors, the mercury is rising. We should expect gold to be repriced higher to fresh records as we enter a whole new era of geopolitical uncertainty,” said independent analyst Ross Norman.

Meanwhile, data on Friday showed that US producer prices rose more than expected in January, suggesting inflation could pick up in coming months.

Investors will also watch a series of US labour market readings this week, including the ADP employment report, weekly jobless claims and the non-farm payrolls report.

Spot silver added 1.3 per cent to $95 per ounce, after registering a monthly gain in February.

Spot platinum was up 0.8 per cent at $2,383.50 per ounce, while palladium advanced 2.3 per cent to $1,826.59.

Over the past 48 hours, the United Arab Emirates has faced one of its most consequential periods in recent history, as regional geopolitical tensions have directly influenced economic, operational and social policy environments. From precautionary closures of financial markets to nationwide remote working advisories and education shifts, UAE authorities have taken an array of measures to safeguard public safety and preserve business continuity. What follows are the major official developments that business leaders, investors and corporate risk teams need to know.

1. UAE stock markets closed for two days

The Abu Dhabi Securities Exchange and the Dubai Financial Market have temporarily halted trading on March 2 and March 3, 2026, as a precautionary measure following regional security escalations and attacks on UAE territory. This decision was issued by the UAE Capital Markets Authority to allow time for assessment and maintain market stability amid uncertainty.

Additionally, the Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of Dubai International Financial Centre (DIFC) has announced the temporary closure of Nasdaq Dubai, effective Monday, 2 March 2026 and Tuesday, 3 March 2026.

Nasdaq Dubai is the international financial exchange based in the DIFC, providing a platform for regional and global investors to trade equities, derivatives, sukuk, and conventional bonds.

2. Major defensive action: hundreds of missiles and drones intercepted

The UAE Ministry of Defence confirmed air defence systems detected and intercepted large waves of Iranian-launched ballistic missiles and drones. Most threats were neutralised, highlighting the operational readiness of defence systems, though debris from interceptions caused some local damage.

3. Remote learning mandated for students as CBSE postpones board exams

All public and private schools and universities will switch to distance learning from Monday, March 2 to Wednesday, March 4. The move — announced by the Ministry of Education and Higher Education & Scientific Research — seeks to safeguard students and staff while maintaining continuity of instruction. In a related development, the Central Board of Secondary Education (CBSE) announced the postponement of Class X and Class XII board examinations in several Middle Eastern countries.

Read more: UAE schools go remote as CBSE postpones board exams across Middle East

4. Private sector urged to adopt remote working

The Ministry of Human Resources and Emiratisation has officially advised private sector employers to implement remote work arrangements through March 3, except for roles essential to physical operations. Authorities also recommended that workers avoid open areas due to safety concerns from intercepted projectiles.

5. Civil aviation and recreational flight permits suspended

The General Civil Aviation Authority has suspended permits for unmanned aerial vehicles (drones), gliders, and recreational aircraft for one week as a safety precaution. This is aimed at reducing airspace risks while broader airspace management continues under heightened security.

6. Partial airspace closure as a precautionary step

Official UAE statements confirmed a temporary and partial closure of the national airspace as an extra precaution to secure passenger flights and aircrew, with updates pending based on security assessments.

7. Temporary airspace restrictions affecting commercial flights

In addition to general airspace measures, major carriers including Emirates Airline announced temporary suspension of flights to and from Dubai, reflecting aviation disruptions tied to security and airspace control decisions.

8. Government reinforces safety communications and official channels

Authorities have emphasised reliance on official sources for updates and guidance, warning against misinformation circulation. This includes directives on where to obtain real-time safety and operational information as the situation evolves.

9. Public safety and community measures remain top priority

Across official statements, the UAE federal government — including Ministries of Defence, Interior, and Education — has reiterated its commitment to civilian safety, continued monitoring of developments, and the implementation of precautionary policies in education, workplaces, and transportation.

Read: UAE authorities on high alert as NCEMA confirms situation stable

10. UAE directs hotels to extend stays for stranded guests

Several local media reported that Dubai’s Department of Economy and Tourism and Abu Dhabi’s Department of Culture and Tourism issued directives to hotel operators across both emirates instructing them to extend accommodation for guests unable to depart due to travel disruptions; Abu Dhabi confirmed its authority will cover the costs of the extended stays.

The 32nd edition of the Dubai International Boat Show 2026 (DIBS) will take place from April 8–12, at Dubai Harbour, positioning Dubai as a strategic, deal-driven platform connecting international marine businesses with high-growth regional and global markets.

Organised by Dubai World Trade Centre, the event has evolved into a substantial marine and luxury lifestyle showcase in the region. More than 1,000 international brands and over 200 boats and marine craft are expected to participate, reflecting the scale, maturity and investment appetite of the Middle East’s maritime economy.

While the show will feature superyachts, advanced marine technology and interactive waterfront experiences, its core strength lies in its commercial impact. DIBS functions as a gateway for shipyards, marine technology innovators, logistics specialists and service providers to engage directly with qualified buyers, investors and decision-makers across the GCC and beyond.

Capital, growth and market momentum

The April gathering comes at a pivotal moment for the industry. The UAE is projected to attract a record net inflow of 9,800 millionaires in 2025, accelerating the country’s transformation into a permanent multi-billion-dollar yachting hub. The MENA region already accounts for approximately 12.6 per cent of the global superyacht fleet, supported by significant marina expansions and waterfront developments.

With the global superyacht market forecast to grow from $11.11bn in 2026 to more than $16.6bn by 2034, DIBS provides exhibitors with direct access to one of the world’s most active and qualified buyer pools.

Innovation at the forefront

Sustainability and smart integration will headline the 2026 edition. Diesel-electric hybrid propulsion, hydrogen-ready hulls, HVO fuels and sustainable interior materials are rapidly becoming industry benchmarks. Meanwhile, AI-driven navigation systems, Digital Bridge technology and LEO satellite connectivity are redefining vessels as fully connected “Smart Sea-Homes,” offering predictive maintenance, autonomous docking and seamless global streaming capabilities.

Innovation will be further amplified through the expanded Startup Zone curated by Yachting Ventures. The initiative will provide 15 early-stage companies with exhibition space, investor introductions and media exposure, alongside engagement opportunities with the Mohammed Bin Rashid Innovation Fund Accelerator Programme. The 2025 edition saw several startups secure partnerships and regional expansion as a result of their participation.

The Annual Dubai Boat Show Leisure Yachting Conference will once again convene senior executives and investors, delivering insight into market trends, ownership models and investment outlooks.

Ticketing and visitor access

DIBS 2026 is designed to be accessible to industry professionals, marine enthusiasts, families and the general public. Tickets are available for purchase ahead of the event, offering flexible access options:

• All says pass: Dhs140 — valid for all five days of the show

• One day pass: Dhs60 — valid for one day of choice during the event

These ticket options make DIBS an inclusive destination for everyone from seasoned industry insiders to first-time visitors seeking a waterfront experience.

Key highlights of DIBS 2026

• Taking place April 8–12, 2026 at Dubai Harbour

• 32nd edition of the region’s known marine and luxury lifestyle event

• 1,000+ international brands and 200+ boats and marine craft expected

• Commercial gateway linking global marine companies with GCC buyers and investors

• Expanded Startup Zone supporting innovation, sustainability and emerging marine technology

• Focus on hybrid propulsion, hydrogen-ready builds and AI-powered smart yacht systems

• Senior-level insights through the Annual Leisure Yachting Conference

As global capital, craftsmanship and technology converge this April, Dubai International Boat Show 2026 stands as a live demonstration of a shifting maritime economy, reinforcing Dubai’s role as a global hub for marine trade, innovation and investment.

In a sweeping move affecting thousands of students and educators, the UAE’s education authorities announced that all public and private schools and universities will transition to distance learning from Monday, 2 March 2026, through Wednesday, 4 March 2026. The decision, issued jointly by the Ministry of Education and the Ministry of Higher Education and Scientific Research, comes amid ongoing developments in the region.

Under the directive, students as well as teaching and administrative staff across the country will shift to remote instruction for the three-day period. Officials confirmed that the situation will be “continuously assessed” throughout the week, with the possibility of extending distance learning if circumstances require.

Further details were shared through the official announcement.

Authorities emphasised that updates will be communicated promptly should there be any changes to the schedule.

CBSE board exams postponed across Middle East

In a related development, the Central Board of Secondary Education (CBSE) announced the postponement of Class X and Class XII board examinations in several Middle Eastern countries.

In a circular dated March 1, 2026, CBSE informed principals of affiliated schools in Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE that examinations scheduled for Monday, March 2, 2026, have been postponed. The Board cited “the current situation affecting parts of the Middle East” as the reason for the decision.

CBSE stated that revised dates for the postponed examinations will be announced later. The Board also confirmed it will review conditions again on Tuesday, March 3, 2026, before deciding on examinations scheduled from 5 March onward.

Students were advised to remain in close contact with their schools and carefully monitor official CBSE announcements.

The circular was signed by Dr Sanyam Bhardwaj, controller of examinations, CBSE. Copies were also sent to Indian ambassadors in the affected countries, as well as to the Consul General of India in Dubai and the director of CBSE’s regional office and centre of excellence in Dubai.