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Live Updates  >  Live Update Details

2026-07-13 23:44:13

[Report: Dubai Plans New Port to Bypass Strait of Hormuz] The Financial Times, citing sources familiar with the matter, reported that DP World plans to build a new port and container terminal on the east coast of the United Arab Emirates to reduce Dubai's reliance on Jebel Ali Port and bypass the Strait of Hormuz. The report states that the port operator is in talks to develop a multi-purpose port in the Fujairah coastal area and to build a new terminal within the emirate's existing port. DP World is consulting with government officials on a term sheet. The report notes that DP World declined to confirm any details of the east coast project but stated that it is "developing diversification plans to cope with the disruption."

Real-Time Popular Commodities

Instrument Current Price Change

XAU

 4016.36

40.10

(1.01%)

XAG

 55.884

0.395

(0.71%)

CONC

 81.77

3.49

(4.46%)

OILC

 88.08

3.22

(3.80%)

USD

 100.759

0.039

(0.04%)

EURUSD

 1.1438

-0.0004

(-0.03%)

GBPUSD

 1.3455

-0.0022

(-0.17%)

USDCNH

 6.7769

0.0044

(0.06%)

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