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Fitch sees UAE non-oil economy shrinking 3.7% in 2026 before rebounding next year
Hormuz disruptions have dented the logistics, tourism and talent advantages behind the UAE’s growth model
DTC and Bolt add vehicles to platform, DP World taps Egypt’s Edecs for Tanzania’s busiest port, Parkin heads to Egypt, ADIB backs Glasgow logistics asset
Dubai Taxi adds 1.6k Arabia Taxi vehicles to Bolt platform Dubai Taxi Company (DTC) and Bolt are expanding the supply…
DP World to build special economic zone in Kenya
Mombasa will become DP World’s ninth active African market, joining existing operations in Algeria, Angola, Egypt, Mozambique, Rwanda, Senegal, Somaliland,…
AriseIIP will invest USD 3 bn in Kenya over the next five years
The region is poised to benefit from the regional war as global firms diversify trade routes
THIS MORNING: Dubai, Oman team up to bypass logistics bottlenecks + IHC signs off on buyback program up to AED 5 bn
Middle East crude benchmarks are also posting record highs
TotalEnergies halts offshore oilfield production, Citi shuts down offices as war enters day 14
Plus: Attacks continued on vessels off of the coast of the UAE
More attacks at Hormuz
Operations at DXB were halted temporarily yesterday morning
Could Hormuz’s closure disrupt the UAE’s food supply?
Alternatives like rerouting through neighboring countries and air freight could help, but they’re slower and more expensive
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