Office of H.H Sheikh AbdulHakim Al Maktoum Group Holdings
Satellite view of the Strait of Hormuz, the narrow sea channel between the Arabian Peninsula and Iran linking the Persian Gulf to the open ocean

Featured · Energy

Hormuz is open again, but oil markets are not yet out of the woods

After months of closure, the first tankers are moving through the Strait of Hormuz again and oil prices have eased. Reopening the waterway, though, is the start of the recovery rather than the end of it.

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Aerial view of Emirates wide-body jets and private aircraft parked across the apron at Al Maktoum International, with desert and airport buildings beyond

Infrastructure

Al Maktoum International is on track for its 2032 launch

The expansion of Al Maktoum International is moving from groundwork to structure, with the first phase scheduled to open in 2032. Behind the headline date sits a build of rare scale: more than ten million work hours logged in fifteen months, a second runway complete and contracts worth tens of billions of dirhams moving into execution.