The UAE’s General Civil Aviation Authority (GCAA) has advised airlines operating in the Middle East to avoid the Strait of Hormuz, after Iran allegedly shot down a US surveillance drone
The UAE has not yet blamed anyone for the sabotage of four vessels, including two Saudi tankers, near Fujairah
Federal Aviation Administration warned of "heightened military activities" in the region
US and Iran engage in blame game as UAE says investigation into the attacks on four oil tankers off coast will be completed within days
Saudi Arabia confirms oil tankers suffered significant damage, while US puts out advisory warning of attemps by attackers to disrupt commercial shipping in Arabian Gulf.
The United States serves as a strategic international location that complements the company’s aspirations to reach out to more clients around the world in addition to facilitating its international trade traffic
Many of the costs are coming from its supply chain and delayed deliveries
DP World will take a cautious approach with regard to supply chain and investments says Sulayem
Sulayem said that he believes financial institutions are becoming increasingly cautious and taking measures such as tightening lending in reaction to trade tensions, which is likely to negatively impact growth in emerging markets.
The Canal Crude Oil Terminal is within the Louisiana Offshore Oil Port (LOOP), a deep-water port in the Gulf of Mexico off the coast of Louisiana.
Gulftainer is looking to expand its container volumes to 11-million TEU in the next five years and is dropping major cash to get there.
Sharjah-based Gulftainer has signed a 50-year, $600m concession to develop and operate the port of Wilmington in the US state of Delaware.
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