The transaction is expected to close in Q1 2023 subject to regulatory approvals,
The entities will jointly develop procedures for the use and implementation of unscrewed surface vessels, establishing a remote and autonomous testing site for these vessels
The trial programme will deploy aerial drones to carry parcels and documents to specified Emirates Post sites across Abu Dhabi
The two companies are expected to initially commit approximately Dhs463m for the investment into five ships
Once ready, the new terminal will have an initial capacity of 1.8 million TEUs
The launch of KEZAD Group opens new opportunities to scale up adjacent businesses such as KEZAD Communities, which provides integrated solutions for staff residential communities
The group acquired a 70 per cent equity stake in two Egypt-based maritime companies – Transmar International Shipping Company and Transcargo International
The 22.32 per cent stake in Aramex, which was transferred to AD Ports Group in January 2022, contributed Dhs12m to EBITDA and net profit in Q2
The MoU will also boost Hayat Biotech’s global logistics and distribution activities through AD Ports Group’s logistics network, which includes its cold and ultra-cold pharma hub based in KIZAD
AD Ports Group will establish its first foreign office in Uzbekistan to support the project
The report cites the use of digital technology and green fuel alternatives as two of the major ways that countries are modernising their ports
The joint venture with Enter Engineering Group will include sea, land and rail logistics, warehousing, contract logistics and customs clearance
The group reported Dhs1.047bn in revenue for Q1 2022, posting 15 per cent year-on-year growth
The agreement includes AD Ports as part of a consortium that will develop, operate and manage a multi-purpose terminal in Safaga Port
The virtual trade corridor will help customs authorities in both countries access pre-arrival information for international cargo movements
A feasibility study will be conducted into the future development of Ain Sokhna Port to explore potential investment opportunities to enhance its capacity
With this investment, Al Seer Marine has received a 7.36 per cent stake in Abu Dhabi Ports
The company will commence trading on the main exchange from February 8
The agreement is signed with Shandong Port Group to strengthen trade and shipping links
It will be the first facility to be developed by AD Ports Group in the Hashemite kingdom of Jordan and its first cruise facility outside of the UAE
AD Ports signed an MoU with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation
The partnership aims to enhance transparency, efficiency and security within the commodities market, benefitting stakeholders across the globe
Etihad’s operating fleet rose to 95 from 79 in the same period last year
The trade pact will remove tariffs on about 99 per cent of Australian products, resulting in savings of $91m (AUD135m) in the first year
Covestro said in June it was stepping up talks with ADNOC after the UAE’s national energy company made an improved takeover bid
Experts believe that popular sports can teach us many valuable lessons that can be successfully applied to fields such as trading
The multi-year sponsorship deal with Concacaf complements the airline’s existing agreement with Spain’s Atlético de Madrid
The new agreement will establish what is known as a “mixed-economy corporation,” which is not subject to the legal limit
What began as a student-led protest against civil service job quotas has now evolved into a broader anti-government movement in Bangladesh
Mubadala and Trafigura are looking to sell the port terminal Porto Sudeste, in Rio de Janeiro state, say reports