{"id":90574,"date":"2025-11-26T00:00:00","date_gmt":"2025-11-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/11\/26\/today-sohar-taps-local-banks-for-phase-two-of-port-zone-expansions\/"},"modified":"2025-11-26T00:00:00","modified_gmt":"2025-11-26T00:00:00","slug":"today-sohar-taps-local-banks-for-phase-two-of-port-zone-expansions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/11\/26\/today-sohar-taps-local-banks-for-phase-two-of-port-zone-expansions\/","title":{"rendered":"TODAY: Sohar taps local banks for phase two of port, zone expansions"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>We\u2019re inching closer to the last weekend of the month with a brisk read, led by debt updates from Oman\u2019s Sohar. We also take a close look at a new bonded warehouse pilot in Egypt \u2014 and how it could help drive up demand for re-export service. Let\u2019s dive right in. <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong>#1- <\/strong><strong>Maersk <\/strong><strong>has pledged to begin a gradual return to the Red Sea route starting in <\/strong><strong>December <\/strong>after signing a strategic partnership agreement with the Suez Canal Authority, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SuezCanalAuthorityEG\/posts\/pfbid02c87SfyzzjXa6qjn86PhFptHkrLvqJHuo4Luy9zgcJfS7DskV5QDn6PW8BoiM5R27l?locale=ar_AR\" style=\"\" rel=\"noopener\">press release<\/a>. No timeline for a full return, however, was given. CMA CGM also committed to a full return by December, Suez Canal Authority\u2019s Chief Osama Rabie said during a presser yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other players are not fully convinced just yet:<\/strong> Japanese marine logistics giant NYK is holding off its return to the Red Sea on the back of geopolitical risks \u2014 which outweigh the benefits of faster and cheaper routes, <a target=\"_blank\" href=\"https:\/\/www.lloydslist.com\/LL1155606\/NYK-holds-back-from-Red-Sea-as-president-Soga-warns-security-far-from-ideal\" style=\"\" rel=\"noopener\">Lloyd\u2019s List<\/a> reports. The firm is currently waiting to see if talks between Israel, the Houthis, and Iran can bear fruit and deliver a lasting settlement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are other reasons to be wary of a quick return: <\/strong>With spot rates for containers falling more than 50% this year, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/edition\/logistics\/07a3a39e-ce13-4581-80cd-7d20dfe2c055\/emirates-seals-usd-38-bn-order-for-65-boeing-jets\" style=\"\" rel=\"noopener\">shipping lines are incentivized to maintain their current voyages<\/a> around the Cape of Good Hope over fears that a return to the shorter Red Sea route \u201cwould flood the market with capacity and cause freight rates to plunge even lower,\u201d freight analytics firm Xeneta\u2019s Chief Analyst Peter Sand told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2025-11-12\/red-sea-attacks-houthis-and-shipping-lines\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In perspective: <\/strong>A return to the Red Sea route could loosen up about 6% to 7% of the world\u2019s shipping capacity at some 2 mn TEUs, which are otherwise tied up due to the long distance of the Cape of Good Hope route.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><b>#2- <\/b><strong>Construction on Tanzania\u2019s Omani-backed USD 10 bn Bagamoyo port is set to <\/strong><strong>kick off next month<\/strong> \u2014 ending a decade of holdups and contract discussions with the foreign developers, a senior government official told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/tanzania-start-constructing-new-port-december-official-says-2025-11-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The initial phase of construction will feature 14 berths, though the complete port is planned to include 28 berths in total. Once operational, the facility will be able to handle ships carrying up to 25k containers, the newswire adds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a bigger picture: <\/strong>The port is part of a larger special economic zone initiative that is set to encompass industrial parks and crucial rail and road infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>State-run China Merchants Holdings International and Oman\u2019s State General Reserve Fund \u2014 a sovereign wealth fund now merged under the Oman Investment Authority \u2014 inked contracts to develop the project back in 2013. The original framework was tied to a USD 10 bn plan projecting up to 20 mn TEUs by 2045. However, progress <a target=\"_blank\" href=\"https:\/\/en.portnews.ru\/news\/384911\/\" style=\"\" rel=\"noopener\">stalled<\/a> in 2019 after former President John Magufuli criticized the terms \u2014 specifically the 99-year lease and tax exemptions. In 2021, talks with the involved foreign investors were revived under the then-new President Samia Suluhu Hassan. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#3- OpenAI enables UAE-based data storage: <\/strong>OpenAI has activated local data residency in the UAE for organizations using ChatGPT Enterprise, ChatGPT Edu, and its API platform, giving businesses, government entities, and universities the option to store data inside the country to meet compliance and governance requirements, according to a <a target=\"_blank\" href=\"https:\/\/openai.com\/index\/expanding-data-residency-access-to-business-customers-worldwide\/\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move comes as adoption continues to climb:<\/strong> OpenAI says its UAE user base has tripled over the past year, with around 60% of 18 to 24-year-olds and 50% of 25 to 34-year-olds using ChatGPT weekly. Enterprise users now include G42, Mubadala, Abu Dhabi Investment Council, Aldar, MBZUAI, Khalifa University, NYU Abu Dhabi, and Tabby.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Public-service rollout underway:<\/strong> As part of the Stargate UAE initiative, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0e07ee87-d628-4316-97e0-eb1ac4e5f561\/this-morning:-taqa-eyes-acquisitions-in-the-us-%2B-bin-butti-joins-race-for-italian-refiner-ip\" style=\"\" rel=\"noopener\">OpenAI and G42 are integrating ChatGPT Plus into public services<\/a> such as education and healthcare, though personal ChatGPT Plus subscriptions remain USD 20\/month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DISRUPTION WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>China <\/strong><strong>has <\/strong><strong>ordered its airlines to limit Japan-bound flights through March <\/strong><strong>2026<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-25\/china-asks-airlines-to-extend-japan-flight-cuts-until-march-2026\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing unnamed sources. The decision was made last week in response to comments made by Japan\u2019s newly appointed Prime Minister Sanae Takaichi, who told lawmakers that Chinese aggression against Taiwan jeopardizes Japan\u2019s security and leaves military retaliation on the table, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/china-suspends-japanese-film-releases-diplomatic-crisis-deepens-2025-11-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported at the time. The order was instated \u201cfor now,\" indicating that the decision may change if diplomatic relations warm, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The impact, in numbers: <\/strong>Flights from China to Japan scheduled for December have fallen by more than 20% compared to October, with cancellations affecting flights through April 2026, the news outlet reported, citing market research outfit China Trading Desk. More than 50% of China-Japan routes are expected to be axed by the end of the year \u2014 and Tokyo could sustain as much as USD 1.2 bn in losses in visitor spending. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cargo <\/strong><strong>flow hangs in the balance: <\/strong>The limit on flights will significantly hinder cargo movement between the two economies, as passenger aircraft\u2019s belly storage typically accounts for 54% of global air cargo capacity, according to a Boeing <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1947.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. In 2023, the Shanghai\u2013Tokyo route was the seventh busiest cargo route globally, and its 43% y-o-y growth rate was the highest among the world's top 10 busiest routes, according to an International Civil Aviation Organization <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1948.pdf\" style=\"\" rel=\"noopener\">factsheet (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Nationwide s<\/strong><strong>trike <\/strong><strong>cripples Brussels Airport: <\/strong>Belgium\u2019s Brussels Airport is canceling 110 flights scheduled for today amid a <a target=\"_blank\" href=\"https:\/\/www.dw.com\/en\/belgium-faces-nationwide-disruption-as-unions-strike\/a-74870459\" style=\"\" rel=\"noopener\">three-day nationwide strike<\/a> that began on Monday, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/brussels-airport-says-110-extra-flights-cancelled-wednesday-due-strike-2025-11-25\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Some of the airport's security and ground-handling staff are joining the strike, protesting against the government's austerity plans. These 110 canceled flights are in addition to cancellations announced <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/brussels-airport-cancels-all-departing-flights-nov-26-due-strike-2025-11-19\/\" style=\"\" rel=\"noopener\">earlier this week<\/a>, while the remaining 93 flights scheduled for today will remain unaffected, a spokesperson said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil prices went up this morning despite projected oversupply and the prospects of a Russia-Ukraine peace agreement<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-stabilises-after-ukraine-peace-talks-push-prices-one-month-lows-2025-11-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Brent crude futures surged by USD 0.27 to USD 62.75 \/ bbl as of 04:12 GMT, while US West Texas Intermediate (WTI) rose USD 0.24 to USD 58.19 \/ bbl. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But don\u2019t hold your breath: <\/strong>The gains from today are expected to be temporary rather than reflecting a trend. \u201cThe market remains fundamentally skewed to the downside, with investors increasingly pricing in an oversupplied 2026 and no convincing demand catalyst to offset it,\u201d Phillip Nova\u2019s senior market analyst Priyanka Sachdeva told Reuters.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FROM OUR REGION- More Dubai Murban is heading to India: <\/strong>Mangalore Refinery and Petrochemicals (MRPL) has purchased 2 mn bbl of Abu Dhabi\u2019s Murban crude for January loading through a tender awarded to BP, as Indian refineries continue to avoid Russian barrels, <a target=\"_blank\" href=\"https:\/\/energy.economictimes.indiatimes.com\/news\/oil-and-gas\/mangalore-refinery-shifts-from-russian-oil-to-uae-murban-crude-amid-sanctions\/125538407\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Middle East producers are finding a lifeline in China and India<\/strong> \u2014 which have been absorbing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6062622a-ffde-401e-90ca-b6de20ece0b0\/\" style=\"\" rel=\"noopener\">surplus<\/a> from the region \u2014 as the world\u2019s biggest importers shift away from Russian grades. Chinese state-owned refiner Yanchang Petroleum <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7caec85a-9602-4fd1-9856-fa8a2aaea8f1\/\" style=\"\" rel=\"noopener\">secured<\/a> 2 mn bbl of Abu Dhabi Murban from Swiss trader Mercuria last week, while MRPL purchased 2 mn bbl of Abu Dhabi\u2019s Murban for <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/ioc-seeks-24-million-barrels-oil-americas-january-march-2026-document-shows-2025-10-30\/\" style=\"\" rel=\"noopener\">December loading<\/a> from Glencore to replace the Russian supply. India\u2019s Hindustan Petroleum Corp also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a9b71e1d-d3e7-4379-90a6-ca55f51fef14\/\" style=\"\" rel=\"noopener\">booked<\/a> 2 mn bbl of Abu Dhabi\u2019s Murban crude for January. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- China\u2019s appetite for Southeast Asian imports suggests growing Iranian oil <\/strong><strong>exports:<\/strong> Suspiciously high Chinese imports of Indonesian crude oil suggest masked shipments of Iranian fuel into the world\u2019s second-largest economy, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/surging-chinese-imports-indonesia-oil-point-to-rebranded-iranian-crude-traders-2025-11-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing industry traders. Iran-sourced crude oil is thought by industry experts to be transshipped from Malaysia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the suspicion? <\/strong>Chinese imports of Malaysian and Indonesian crude have somehow exceeded the capacities of Southeast Asian countries \u2014 raising scrutiny over the true origin of the cargoes, the newswire reports, citing customs data. <\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Half of the USD 11.6 bn invested in the Suez Canal Economic Zone in the <\/strong><strong>last <\/strong><strong>three and a half years came from China<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid035QnSqoynpmfosqzRQREAHscmWYsY642c8LMmqe4SjottGCvhNLE8twJT1rdj8zDpl\" style=\"\" rel=\"noopener\">statement<\/a>. The China-Egypt Teda industrial zone has so far attracted some USD 3 bn over 200 projects, while the Qantara West Industrial Zone has seen more than USD 700 mn in investments from China.<\/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: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/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 target=\"_blank\" href=\"logistics\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>YOU\u2019RE READING EnterpriseAM Logistics, the essential MENA publication for senior <\/strong><strong>execs who care about the industry that connects producers and retailers to global markets. <\/strong>We\u2019re out Monday through Thursday by 9:15am in Cairo and Riyadh and 11:15am in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Logistics is available without charge <\/strong>thanks to the generous support of our friends at Hassan Allam Utilities, Transmar, and AK-Ships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Logistics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:logistics@enterprisemea.com\" style=\"\" rel=\"noopener\">logistics@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\"><\/a> <strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.blueoceanconferences.com\/international-procurement-supply-chain-conference-ipsc-egypt-2025\/?li_fat_id=7bdb97f7-a09e-4c00-9bfd-7a169a84e1e0\" style=\"\" rel=\"noopener\">International Procurement Supply Chain Conference<\/a><\/strong><strong> on Saturday, 6 <\/strong><strong>December<\/strong> in Cairo. The event will gather over 1k delegates, more than 400 organizations, and over 30 global speakers to discuss the future of trade through keynotes and panel discussions. The discussions will center on Egypt\u2019s transformation in the logistics sector, the future of smart ports and supply chains, as well as digital ecosystems. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Morocco is hosting the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/morocco.railmeetings.com\/en\/\" style=\"\" rel=\"noopener\">Rail Industry Summit<\/a><\/strong><strong> on Tuesday, 9 December until Wednesday, 10 December <\/strong>in El Jadida. The two-day event will gather 130 exhibitors, 250 companies, and over 900 participants from 15 countries. It will feature business meetings, high-level conferences, and workshops focused on new market trends and future strategies.<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Saudi Arabia is hosting the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/globalairportsforum.com\" style=\"\" rel=\"noopener\">Saudi Airport Exhibition<\/a><\/strong><strong> on Tuesday, 16 December until Wednesday, 17 December<\/strong> in Riyadh. Upwards of 10k global attendees are expected to participate in the event from over 100 countries. The two-day event will focus on airport-related innovation, and will feature participation from Saudia, SolitAir, and Amadeus.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar<\/strong> at the bottom of this email for a comprehensive listing of upcoming news events and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":90575,"comment_status":"","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":[18],"tags":[110,126,49,44,118,142,37,178,31,123,194,32,129,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-data-centers","tag-disruption-watch","tag-egypt","tag-investment-watch","tag-maersk","tag-oman","tag-ports","tag-red-sea","tag-saudi-arabia","tag-shipping-maritime","tag-suez-canal-authority","tag-trade","tag-uae","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"7e40b494-ed9c-4f45-a982-c7e128216b8c","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/11\/2004.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Sohar Port and Freezone taps local banks for phase two","related_issue":[90572],"teaser":"What we\u2019re tracking this morning regionally and around the world","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.33d4199d-6e4f-451e-a6ed-dd6bd3cda0c7.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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