Rising shipping risks, higher costs, and delays to trade flows are affecting multiple sectors and undermining business confidence across the region, according to the company’s latest macroeconomic update.
Shipping Disruptions Weigh On Regional Activity
GlobalData reports that heightened security risks in the Strait of Hormuz—including vessel seizures, shipping delays, and damage to infrastructure across key GCC economies—have tightened logistics capacity and increased insurance and freight costs. These…
