The deal is expected to help improve Saudi’s defense capabilities
The trading sources said Iranian fuel oil shipments are still being presented with documents declaring it of Iraqi origin at the ship refuelling hub of Fujairah
Taiwan’s exports to the UAE have been stagnant over the last year due to a weak yuan and oil price fall, a senior official said
The tender deadline is Friday, October 9 with shipment sought between December and February
More than 772,000 TEUs containers were handled in the first seven months of 2015
Kazakhstan’s president said DIFC was the model for the planned Astana International Financial Centre
The company said the plans are contingent on demand from customers and there is no dollar value yet on the company’s possible investment in Iran
DP World’s revenue for the six months to June 30 was $1.90bn, up from $1.66bn a year earlier
Ian Davis credited Emirates and Etihad Airways with helping the country become a global hub
The Dubai-based company handled 30.6 million twenty-foot equivalent units in the first half of the year
The army began work 10 months ago on the $8 billion canal in order to expand trade along the fastest shipping route between Europe and Asia.
Sources told Reuters last month that the firm could raise between $750 million and $1 billion from the senior unsecured Reg S/Rule 144A issue.
The ban was imposed due to the presence of avian influenza on three Ontario farms.
Earlier on Monday, shareholders approved a proposal to buy back a “limited number” of the company’s shares, according to a bourse filing.
The approval was granted at the firm’s annual shareholder meeting, according to a bourse filing.
Trade has been buoyed by increased ‘bellyhold’ aircraft capacity from Emirates, Qantas and Etihad Airways.
The terminal, in Prince Rupert, British Columbia, has a capacity of 850,000 twenty-foot equivalent unit (TEU).
The commission is hoping that the growing commercial links between the two countries will help restart a stalled FTA agreement.
P&O Ports has signed MOUs for preliminary discussions with the governments of Madagascar, the Republic of Somaliland and Albania to enhance their port infrastructure.
China was Dubai’s top trading partner last year, followed by India and the US, official figures show.
The decision came after Saudi Arabia blocked a speech by Swedish Foreign Minister Margot Wallstrom at a meeting of the Arab League in Cairo.
The GCC and the European Union have remained in a stalemate regarding the agreement for several years.
High fiscal reserves in the GCC act as a strong buffer from global food price fluctuations, an expert said.
Khalifa port handled 1.13 million TEUs (twenty-foot equivalent unit containers) in 2014.
Aramex CEO Hussein Hachem said that lower oil prices could translate into a 5 to 10 per cent drop in its 2015 operating costs.
Gross volumes totalled 60 million 20-foot equivalent units (TEU) in 2014, driven by new developments in Britain and Brazil.
Alderman Alan Yarrow will visit Abu Dhabi and Dubai during his trip next week, part of wider 12-day GCC visit.
The UAE, Oman and Saudi Arabia also ranked favourably in the Agility Index for their infrastructure and transport links.
China was Dubai’s top non-oil foreign trade partner, followed by India and the US, figures revealed.
Within a couple of years, UAE companies plan to grow and sell several hundred thousand tonnes of wheat to the Cairo government.