DFM ---ADX ---
1hMiddle East Transforms into a Global Hub for Private InvestmentBusiness
2hADQ Secures Majority Stake in AD Ports Group Following Successful OfferBusiness
2hUAE Private Credit Market Set for Major Growth as Funding Gap Hits $250 BillionBusiness
2hDubai’s Luxury Rental Market Sees Surge in High-Value ContractsBusiness
2hUK and Gulf Leaders to Convene in London for Strategic DialogueBusiness
2hNew Air Arabia-Led Saudi Carrier Launches Domestic Flights From DammamBusiness
2hOman and Angola Forge Strategic Energy PartnershipBusiness
2hFreight Costs Surge in UAE and GCC Amidst Hormuz DisruptionsBusiness
2hUAE Set for Strong Economic ReboundBusiness
1dSharjah-Oman Trade Corridor Sees Massive 66% Growth in Early MonthsBusiness
1dUAE Becomes a Key Hub for India’s Expanding UPI and RuPay NetworkBusiness
1dUAE and Oman’s Economic Resilience Amid Regional TensionsBusiness
1dAbu Dhabi’s IHC Announces Strategic Ownership RestructuringBusiness
1dThe UAE Has Become a Global Powerhouse for Family Wealth ManagementBusiness
1dUAE Borrowing Costs Poised to Stay Elevated Following Fed Rate HikeBusiness
1dGCC Islamic Banks Poised to Outperform Conventional RivalsBusiness
1dNavigating the Final Stretch: What Investors Should Anticipate for Q4 2026Business
1dSolid-State Batteries: A Cooling Solution for the UAE’s Extreme HeatBusiness
2dFlight Operations in UAE Face Ongoing Disruptions Amid Regional TensionsBusiness
2dUAE’s Tourism Sector Hits New Heights with Dh251 Billion ContributionBusiness
2dTakaful Sector Faces Minimal Direct Impact from Middle East TensionsBusiness
3dUAE iPhone 18 Launch Sparks Resale FrenzyBusiness
3dEmirates Sweeps Top Honors for Inflight Entertainment and Family TravelBusiness
3dWarren Buffett Steps Down as Berkshire Hathaway ChairBusiness
3dSoftware Glitch Blamed for Recent UK Air Traffic Control MeltdownBusiness

Freight Costs Surge in UAE and GCC Amidst Hormuz Disruptions

Tue, Sep 22, 2026(2h ago)Business

Freight costs across the UAE and the broader Gulf region have skyrocketed, with some rates climbing tenfold since the closure of the Strait of Hormuz following the outbreak of the US-Israel-Iran conflict. Industry experts warn that the situation remains precarious, as persistent container shortages and disrupted supply chains are expected to drive prices up by another 25 percent in the coming months. Transit times that previously averaged 25 days have ballooned to as long as 90 days, forcing businesses to absorb significant "war surcharges" while navigating a highly volatile logistics landscape.

Despite these mounting logistical hurdles, many regional companies are demonstrating notable resilience by diversifying their export markets and expanding into new territories, including various African nations and Georgia. While developers and manufacturers are burdened by the inflated cost of raw materials and shipping, firms like the Danube Group and Casa Milano continue to report growth. However, experts like Masna Haseen of tradeX Link caution that elevated rates will likely persist through the fourth quarter, advising importers to plan carefully around upcoming holiday closures in China to avoid further delays in year-end deliveries.

Comments0
No comments yet. Be the first to share your thoughts.