According to a report by FT, the new port would be built in the city of Fujairah, which already has a harbor but lacks the necessary infrastructure to serve as a major export hub.

Oman and Iran continue talks to secure Hormuz Strait shipping. Diplomatic meeting by July 31 at 36% YES.

Oman has proposed a two-corridor navigation agreement for the Strait of Hormuz, suggesting unrestricted passage through Omani waters and authorized access through Iranian waters.

DP World is planning to develop a new port and a container terminal on the United Arab Emirates' east coast in a move aimed at reducing Dubai's reliance on its flagship Jebel Ali…