President Trump announced he will drop a proposed 20% fee on commercial ships passing through the Strait of Hormuz, replacing it with trade and investment deals from Gulf states into the US. This move follows eased oil and gas flow tensions in the strategic waterway, despite ongoing disputes with Iran, which Trump says will face a full blockade on its shipping. Trump highlighted that Gulf nations are willing to invest heavily in the US as compensation for US military protection of the strait. The announcement comes after recent US-Iran military clashes and amid Iran's claims over the strait's control, signaling a shift in US strategy to secure the vital shipping route through economic partnerships rather than direct fees.
Faster Cars in Dubai has expanded its sports car rental services to cater to business travelers, tourists, and special events. The company offers a wide range of high-performance vehicles, including popular models like the Ford Mustang, with flexible...
Capital Link has published its Q2 2026 Quarterly Shipping Insights report, featuring exclusive interviews with senior executives from major shipping sectors including Container, Dry Bulk, LNG, LPG, and Tankers. The 132-page report covers critical the...
The global electric vehicle (EV) market is projected to grow annually by 9.0%, reaching a value of $2.74 trillion in 2026, driven by regulatory changes, expanded charging infrastructure, and battery supply-chain development. Key growth areas include ...
Revenium has successfully completed a SOC 2 Type II audit conducted by AuditOne LLP, confirming the security, availability, and confidentiality controls of its AI cost and spend management platform. This certification is crucial as enterprises increa...
Lyora Therapeutics, a biotech startup, has launched with $2.5 million in seed funding to develop genetic medicines targeting inherited retinal diseases that currently lack treatments. Their lead programs, LYA-101 and LYA-102, aim to treat retinitis p...
