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United Arab Emirates

Industry News
Source: Gulf News

Sharjah Prioritises Ports and Rail Logistics Amid Shifting Global Trade Routes

Sharjah is positioning ports and logistics at the forefront of its investment strategy as geopolitical tensions reshape global trade routes. Speaking at the ninth Sharjah Investment Forum, Sharjah Investment and Development Authority CEO Ahmed Obaid Al Qaseer highlighted Khorfakkan Port and the UAE's rail network as central to this push. Al Qaseer emphasised that the emirate complements rather than competes with Dubai and Abu Dhabi.

Industry News
Source: Gulf Business

UAE-Operated Container Ship Sinks in Strait of Hormuz Following Attack

A Singapore-flagged container ship operated by UAE-based Global Feeder Shipping sank in the Strait of Hormuz after catching fire from an attack. All 21 crew members aboard the GFS Pride were safely evacuated without injury. A second vessel operated by the company was also struck and damaged by a projectile.

Industry News
Source: www.wam.ae

UAE Launches $1 Million 100 Dreams Initiative to Fund Content Businesses

The 1 Billion Followers Summit and the National Media Authority have launched the $1 million '100 Dreams' initiative in collaboration with Dream Group founder Simon Squibb. The programme will provide 100 content creators with $10,000 each, alongside trade licensing support, mentorship, and business acceleration in the UAE. Applications open on 20 November ahead of the fifth summit edition in January 2027.

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