Up in the air: Abu Dhabi-listed Easy Lease plans for drone delivery service
Abu Dhabi has moved a step closer to having delivery drones buzzing across its skies: Motorcycle-leasing company Easy Lease has teamed up with drone technology company SkyGo to provide package-delivery services. The company said in a statement to the Abu Dhabi Securities Exchange (ADX) that it has signed an MoU with SkyGo, which is the […]
Abu Dhabi Export Office finances capacity expansion of solar park in Togo
The Abu Dhabi Exports Office (ADEX) announced on Thursday that it signed an agreement with Togo’s Ministry of Economy and Finance to finance the increase in production capacity of the Mohammed bin Zayed Solar Park in the country. The financing will help increase the Park’s capacity from the current 50 megawatts (MW) to 70 MW […]
Stats Group wins big Abu Dhabi subsea pipeline project work
UK-based Pipeline technology specialist Stats Group said it has been commissioned by UAE-headquartered oil and gas EPC contractor National Petroleum Construction Company (NPCC) to provide pipeline isolation, hot tapping and plugging services to the world’s largest diameter subsea pipeline intervention project, on behalf of a national operating company. Stats said the project win is the […]
Uber appoints Hachem as GM to lead UAE and Levant
Uber has announced the appointment of Pia El Hachem as the General Manager at Uber across the UAE, Jordan, and Lebanon. In her new role, Hachem will be leading Uber’s strategy, operations, policy, and business development, while overseeing the company’s end-to-end business. Hachem has been at Uber since 2018 as the Strategy & Planning Lead […]
Daimler Truck teams up with DHL to operate new Dubai warehouse
UAE – Daimler Truck AG has announced that its regional unit, Daimler Commercial Vehicles Mena (DCV MENA) has sealed a strategic, long-term partnership with global logistics provider DHL Global Forwarding for the operations and management of its Daimler Truck Dubai Parts Centre. The deal was inked with the co-operation of Danzas AEI Emirates, a joint […]
NPCC pens pipe deal with Al Gharbia Pipe Company
National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), has signed a purchase order agreement with Abu Dhabi-based Al Gharbia Pipe Company (AGPC) on the sidelines of ADIPEC 2022, the world’s most influential gathering for the energy ecosystem. The agreement entails the supply of 87 KMs of 34” Submerged […]
AD Ports Group acquires 80% of GFS for $790mln
Abu Dhabi’s AD Ports Group has announced an AED 2.9 billion ($790 million) acquisition of an 80% stake in Dubai-based Global Feeder Shipping (GFS), implying a 100% enterprise value of AED 3.7 billion ($1 billion). The ports company said the acquisition of GFS had been fully funded through a new acquisition loan. “This earnings and […]
DP World Marine Services adds UAE coastal service
DP World has introduced a new coastal service for the UAE, connecting its Jebel Ali hub to other ports around the country, supporting key customers by easing supply chain bottlenecks. The inaugural shipment of roughly 200 TEUs sailed from the Jebel Ali Port to the Port of Ajman and arrived on-time on October 7, 2022. […]
AD Ports reaches key milestone in new terminal work
AD Ports Group has installed the first 90-tonne block for the quay wall of the new CMA Terminals Khalifa Port, marking the major development milestone with a special ceremony. Announced in September 2021, the development of the new terminal is on track with budgeted capital expenditure of AED3.3 billion. The terminal is expected […]
Dubai’s Emirates enters codeshare deal with US flag carrier United Airlines
Dubai’s long-haul operator Emirates Airline has entered a deal with American carrier United Airlines to expand its market presence and boost passenger access to hundreds of new destinations. The “historic” commercial agreement will see Emirates passengers bound to three major business US hubs – Chicago, San Francisco and Houston – easily connect onto United flights […]