Search Results for: "AD Ports"

cybersecurity company Fortinet

Fortinet innovates in cybersecurity even as earnings miss Wall Street forecast

Fortinet talks SASE, ransomware and subscription-based solutions as the global cybersecurity landscape evolves at a rapid pace

OPEC projection for 2024 energy demand - oil

Oil prices climb amid uncertainty in the Middle East

Despite the volatility in the region, oil prices moved only slightly

JABRAYAIL, AZERBAIJAN - MAY 19: (EDITOR’S NOTE: This Handout image was provided by a third-party organization and may not adhere to Getty Images’ editorial policy.) In this handout image supplied by the Office of the President of the Islamic Republic of Iran, Iranian President Ebrahim Raisi Meets with Azerbaijani President Ilham Aliyev as they inaugurate the Qiz Qalasi Dam, constructed on the Aras River on the joint borders between Iran and Azerbaijan, after which his helicopter has reportedly crashed near the city of Jolfa, on the border with Azerbaijan on May 19, 2024 in Jabrayil, Azerbaijan. (Photo by Office of the President of the Islamic Republic of Iran via Getty Images)

Iran’s President Ebrahim Raisi dies in helicopter crash

Iran’s President along with the country’s foreign minister were en route from East Azerbaijan to Tabriz when their helicopter experienced difficulties due to heavy fog

Zain KSA to invest SAR1.6bn to expand 5G network in Saudi Arabia

Zain KSA to invest SAR1.6bn to expand 5G network in Saudi Arabia

The strategy will see the company increase the number of its 5G network sites in the country to more than 7,000

CBRE real estate

Trends shaping real estate in the GCC: An in-depth conversation with Anshuman Magazine of CBRE

CBRE has expanded its offerings as well as operations as the GCC sees a real estate boom backed by economic versatility and government investment programmes

qatar-energy-min

Qatar to sign more long-term LNG contracts this year: Qatar Energy CEO

Qatar, one of the world’s largest LNG exporters, announced an additional expansion of its LNG production in February

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

Tecom invests Dhs1.7bn in strategic projects, move aligns with future plans

As part of the plan, Tecom will invest Dhs966m to acquire commercial and industrial assets from Dubai Holding Asset Management

Qiddiya, SEVEN merge to boost Saudi entertainment sector

Saudi Arabia’s Qiddiya merges with SEVEN to boost entertainment sector

The move is in line with the strategy to establish an entertainment, sports and culture powerhouse in the kingdom

Mina Al Hamriya expansion project completed by DP World Image DP World

DP World concludes major expansion of Mina Hamriya project

The enhancements will enable the handling of a wider variety of vessels from traditional dhows to Ro-Ro, bulk and container carriers

luxury apartment villa in dubai with blue sky

Villas vs apartments in Dubai: What’s a better investment?

The key to making an informed decision lies in recognising and leveraging the unique features of each property type to build a diversified investment portfolio

How DHL Supply Chain is supporting GCC’s logistics industry

Exclusive: Hendrik Venter on how DHL Supply Chain is supporting GCC’s logistics industry

The CEO for Europe Middle East & Africa (EMEA) tells us that the company is fostering its operations and logistics networks throughout the GCC region while leveraging its strategic partnerships

Air Arabia reports a 22% decrease in Q1 profit

Air Arabia’s Q1 net profit plunges by 22%, despite network expansion

The carrier said the seasonality shift in Ramadan, higher fuel prices and currency fluctuations in key markets hurt its profit in Q1 2024

oil

Goldman Sachs says OPEC+ unlikely to raise oil production at June meeting

Goldman still expects Brent crude futures to remain in a range of $75 to $90 a barrel in most scenarios

OPEC

OPEC switches to ‘call on OPEC+’ in global oil demand outlook

The market share of OPEC crude has fallen to a multi-decade low of 27 per cent after Angola’s exit at the end of last year

Energy firms SNOC, Eni to explore oil in Ras Al Khaimah

Sharjah’s SNOC, Italy’s Eni to explore oil in Ras Al Khaimah

Following the acquisition, Eni holds a 60 per cent stake of Block 7, SNOC 30 per cent and RAK Gas 10 per cent

Turkey-Kuwait-X

Kuwait’s Sheikh Meshal tours Turkey in first non-Arab state visit

The visit underscored the importance of diplomatic ties between Turkey and Kuwait and laid the groundwork for enhanced cooperation in various fields

Abu Dhabi pilots passenger-carrying drone trials

Abu Dhabi pilots MENA’s first passenger-carrying drone flights

The trials were part of an exhibition by the Multi-Level Group, as part of the Abu Dhabi Mobility Week that took place last week

Dubai South HQ

At Dubai South, the future takes shape now: Khalifa Al Zaffin

The executive chairman of Dubai Aviation City Corporation and Dubai South sets out in detail the ongoing mega development in the new city

Dubai airport passenger numbers to exceed 90 million in 2024

Dubai airport passenger numbers to exceed 90 million in 2024

The city’s main airport registered a 31.7 per cent increase in passenger traffic in 2023 to 86.9 million, surpassing pre-pandemic levels

Nigeria-Emirates not happy with Boeing delays in fixing 777X

Emirates chair Sheikh Ahmed “not happy” with Boeing 777X repair delays

The Dubai-based carrier is the biggest customer of Boeing’s 777X, which will be the industry’s largest twin-engined jet with around 400 seats

Biggest water park in the Middle East to open in Qiddiya next year

Aquarabia, in Qiddiya City, will feature 22 rides and the developers aim to break four world-records, including constructing the world’s tallest water coaster

Red Sea - MAERSK

Shipping giant Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%

Maersk’s fuel costs on the affected routes between Asia and Europe are now 40 per cent higher per journey

cyber incidents are a rising concern for travel, leisure and hospitality industry reveals Allianz GettyImages-1269232851

Cyber incidents pose key threat for travel, hospitality sectors, shows survey

The findings of the Allianz Risk Barometer are based on insights from 3,000 risk management professionals and leaders

Dubai says Q1 international visitors up 11% this year

Dubai says Q1 international visitors up 11% this year

The city reported 5.18 million international overnight visitors in Q1 2024

MIRA Developments partners with ELIE SAAB

MIRA Developments and ELIE SAAB announce partnership for 3 exclusive real estate projects in the North Caucasus

ELIE SAAB Residences Caucasus will seamlessly integrate three distinct locations across the North Caucasus region into a singular, unparalleled venture

NEOM, Saudi Red Sea Authority sign marine tourism MoU

NEOM, Saudi Red Sea Authority to formulate marine tourism regulations

The partnership seeks to implement and activate joint initiatives to advance research, deliver innovation and enhance the visitor experience

Egypt-GettyImages-520265584-e1703142282632

Egypt braces for second summer of power cuts as gas supplies dwindle

Power cuts are hurting Egypt’s small businesses that play a crucial role in an economy where growth has slowed

Sha Emirates Island

Sha Emirates by Imkan: Abu Dhabi’s island community dedicated to wellbeing

SHA Emirates will feature an international wellness clinic and residences that reflect a transformative approach to healthy living

oil

OPEC+ likely to extend oil production cuts in June: Insight

Oil inventories and prices close to the long-term average imply ministers are likely to decide to keep output unchanged, based on their behaviour in the past

e& Group refutes reports of potential United Group deal

e& Group refutes report of potential United Group deal

The Abu Dhabi-listed firm said it “continually reviews relevant market opportunities with the objectives of maximising shareholder value”