Search Results for: "AD Ports"

Kuwait

Kuwait says oil buyers don’t want to boost imports next year

The OPEC member exports about 2 million barrels a day of crude, most of it to Asian countries such as China, South Korea, Japan and India

SME Story: Interview with Dr Walid Saad, CEO, World of Farming

SME Story: Interview with Dr Walid Saad, CEO, World of Farming

Since launching earlier this year, we successfully completed the first prototype of our patent-pending circular farming methodology, that uses our artificially intelligent tracking software technology

Zero

The tools to support net zero are already here – let’s use them

From carbon measurement to hyper efficient value chains, digital solutions can enable industrial firms to simultaneously boost productivity and decarbonise

Quest esports

Quest Esports opens gaming district in Doha

Last year, the Doha-headquartered company managed five large LAN tournaments and online league matches for games such as Fortnite, CS: GO, PUBG Mobile, Dota 2 and FIFA

UAE President

UAE President looks to the future with hope and optimism in his first National Day address

Marking the 51st UAE National Day, the UAE President said the nation will continue investing in opportunities to support economic sectors of strategic importance to its national security

EX Sports partners with Nakheel, to host a series of celebrity World Cup podcasts

EX Sports partners with Nakheel to host celebrity World Cup podcasts

Each episode is hosted by Urbanball’s CEO and superstar freestyle footballer Sean Garnier

Abu Dhabi Airport q3 passenger traffic touched 4.7mn

Abu Dhabi Airports serves 4.7 million passengers in Q3 2022

Abu Dhabi Airports expects to close 2022 with over 15 million passengers

Saudi Arabia

Saudi Crown Prince announces masterplan for new airport in Riyadh

The airport is expected to accommodate up to 185 million passengers and process 3.5 million tons of cargo by 2050

Kuwait exports first shipment of jet fuel from new Zour refinery

The first cargo is currently being shipped aboard the Pacific Sarah tanker

Israel

Calev’s Newsroom: Role of diamond trade between Israel and UAE

Israel exported $188m in rough diamonds to the UAE in 2021, and that number is set to grow after the nations signed a free trade deal in June

KEZAD Group breaks ground on noon’s 252,000 sqm fulfilment centre

KEZAD Group breaks ground on noon’s 252,000 sqm fulfilment centre

The fulfilment centre facility is being designed and developed by KEZAD Group under a build-to-suit agreement and is scheduled for delivery in 2024

chess

The Arab Esports Federation moves into Web3 and launches online chess platform

The federation is headquartered in Riyadh and is led by Prince Faisal bin Bandar bin Sultan

rigs

Abu Dhabi’s ADNOC Drilling purchases three offshore jack-up rigs for $320m

The acquisition supports the company’s accelerated fleet expansion and growth strategy

Dubai

Dubai Future Academy announces the launch of three digital courses

The courses are free of charge, self-paced and available globally

Abu Dhabi Grand prix

Max Verstappen claims winner’s trophy at F1 Etihad Airways Abu Dhabi Grand Prix 2022

Charles Leclerc came in second while the third place was claimed by Sergio Perez

AD Ports Group signs agreements with Kyrgyzstan to promote trade

Abu Dhabi Ports Group acquires Spain’s Noatum in Dhs2.5bn deal

Subject to regulatory approvals, the transaction is expected to close in the first half of 2023

Etihad Airways becomes first airline to participate in World Energy’s net-zero program

Etihad Airways becomes first airline to participate in World Energy’s net-zero program

The announcement comes on the heels of the two companies powering the first net-zero flight using Sustainable Aviation Fuel (SAF) via a Book & Claim system

Agility posts-Q3-2022-profit - July 16, 2022: HH Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates meets with Joe Biden, President of the US, during the Jeddah Security and Development Summit. Image: WAM

Kuwait’s Agility reports KD12.6m in earnings for Q3 2022

In Q3, Agility controlled businesses reported EBITDA of KD47m and revenue of KD256.3m

yalla

UAE-based Yalla Group reports revenue of Dhs839m in first nine months of 2022

The company has also seen significant growth in the third quarter revenues to Dhs294m, an increase of 12.3 per cent compared to Q3 2021

UAE’s Tabreed reports Dhs400m in nine-month net profit

The group revenue increased by 13 per cent to total Dhs1.66bn for the first nine months of the year

Nike

Nike to open its virtual sneaker store and trading platform

The sportswear company will release its goods on the Swoosh platform

TAQA

TAQA Group reports nine-month net income of Dhs6.5bn

TAQA’s Board of Directors also declared an interim cash dividend of Dhs675m

EMAAR announces Jan-Sep 2022-results

Emaar reports net profit of Dhs5.8bn for first nine months of 2022

Emaar recorded the highest-ever group property sales of Dhs26.9bn ($7.3bn) during the nine-month period

RTA completes three roads 2022

Dubai’s RTA completes construction of internal roads in three residential areas

RTA has also begun constructing internal roads and street lighting works in four new residential communities: Margham, Lahbab, Al Lesaily and Hatta

Noon.com Yellow Friday Sale

Noon.com, ADIO partner to set up UAE’s largest e-commerce fulfilment centre at KEZAD

ADIO will provide noon with financial and non-financial incentives to expand operations in Abu Dhabi

Manufacturing

Manufacturing sector leads in highest average ransomware payments – report

Of the organisations surveyed that paid the ransom, the average cost was $2,036,189 – more than double the cross-sector average of $812,360

SHUAA Capital reports financial results for Q2 2022

Dubai’s Shuaa Capital reports Dhs20m in Q3 net profit

Its cost-to-income ratio stood at 77 per cent in the third quarter of the year, decreasing from 90 in Q2 2022

Port of Fujairah

Port of Fujairah opts for Oracle cloud to accelerate growth and support global trade

The port has automated finance, human resources and supply chain functions to enhance business agility and speed up daily work

DEWA

Dubai’s DEWA reports 21% rise in net profit for Jan-Sep 2022

By the end of the third quarter, DEWA served 1,143,153 customers, representing a 4.89 per cent year-on-year increase

aramex earnings Q3 2022

Aramex reports revenue of Dhs4.39bn for the first nine months of 2022

The company’s freight forwarding business reported a strong performance, attributable to increased volumes from industrial, retail and SME verticals