UAE Expands Ports and Invests to Bypass Hormuz Blockade

The United Arab Emirates is expanding its east coast ports and considering alternative routes for oil exports to bypass a blockade of the Strait of Hormuz. FAB will invest Dh100 billion in water projects across the UAE and the region. The government is also changing VAT rules for cash payments, staff housing and medical products, and rolling out e-invoicing as part of a shift toward a smarter digital economy.