Iran’s new Supreme Leader, Ayatollah Sayyid Mojtaba Khamenei, has signalled that Tehran intends to continue using the threat of closing the Strait of Hormuz as a key strategic lever in the ongoing conflict.
German shipping company Hapag-Lloyd said projectile fragments have hit the Liberia-flagged container vessel 'Source Blessing' near the Strait of Hormuz.
The Annual General Meeting (AGM) of Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, on Thursday approved the distribution of cash dividends to shareholders at Fils 54.06 per share, equivalent to 54.06% of the paid up capital, amounting to BD76.5 million ($202.62 million).
Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has recently organised 35 meetings with business groups and business councils under its umbrella.
Schneider Electric, a global energy technology leader, has announced that it is collaborating with Tradeling, a major B2B digital ecosystem in the Mena region, to introduce its Lauritz Knudsen (LK) and Industrial Automation solutions across the UAE through innovative hybrid route-to-market system.
DP World today announced record financial results for 2025, with revenue up 22% to $24.4 billion, and adjusted EBITDA up 18% to $6.4 billion (margin 26.3%), driven by strong performance across Ports & Terminals and Logistics.
Shipping across the Gulf and the strategic Strait of Hormuz remained severely disrupted as attacks on commercial vessels intensified amid the conflict between Iran and US–Israeli forces.
Maersk is redistributing fuel to supply its vessels as the Iran war disrupts maritime fuel in the Middle East. 10 ships remain stranded in the Gulf, threatening oil flows through the Strait of Hormuz.
In the Strait of Hormuz, hundreds of ships appear on maps where they should not exist. GPS signals that tankers rely on to navigate safely are being scrambled, revealing a new battlefield of invisible electronic warfare. What was once a tool for convenience has become a potential hazard, says an expert.
Ras Al Khaimah Economic Zone (Rakez) has expanded its self-storage offering amid growing demand from individuals and businesses seeking secure and flexible storage solutions in the emirate. These units, located at Al Hamra Industrial Zone, are designed to cater to a variety of storage needs.
