DC Aviation Al-Futtaim expands managed fleet
DC Aviation Al-Futtaim (DCAF), a leading business aviation services provider, has expanded its fleet under management with the addition of two aircraft – a Bombardier Global 6000 and Global 5000. DCAF will operate the new aircraft on behalf of the private owners. The addition of these aircraft brings DCAF’s total number of managed aircraft to […]
DP World’s overseas logistics investments since 2012 cross $10bln mark
DP World has invested more than $10 billion (Dh37.3 billion) in the global logistics sector since 2012, making it one of the top five overseas investors in this period, according to the latest foreign direct investment (FDI) data released by leading industry consultants. The FT’s FDI Intelligence recently published its top five list for 2022, […]
AD Ports to develop and operate Safaga Port in Egypt
AD Ports Group, the leading facilitator of global trade, logistics, and industry, today announced the signing of a concession agreement to develop and operate a multi-purpose port in Safaga in Egypt, in addition to signing of two 15-year agreements, a Memorandum of Understanding (MoU) and three Head of Terms (HoT) concerning ports located in Egypt’s […]
Etihad Rail to boost UAE’s economic growth, research shows
The UAE economy is set to get a major boost as Etihad Rail comes onstream, a new report has said. The rail network will boost the country’s freight transport sector, supporting ongoing growth in one of the key components of the local economy, according to Emirates NBD Research. Trade and freight transport services have been […]
RAK signs deals for vertiport, new Germany flights
Three strategic multi-stakeholder agreements were signed at the 10th edition of the Arab Aviation Summit (AAS), which concluded its three-day session in Ras Al Khaimah on Thursday. The agreements underscored the summit’s growing importance as a platform for facilitating public-private cooperation and opening doors for regional and global partnerships, organisers said. AAS 2023 was […]
AD Ports Group signs HoT for new multipurpose terminal in Pointe Noire Port, Congo
AD Ports Group signed today a Head of Terms (HoT) with the Ministry of International Cooperation and Promotion of Public Private Partnership of the Republic of Congo, for a new multipurpose terminal in Pointe-Noire. Under the HoT, AD Ports Group has the exclusive right to invest in the development, operation, and management of the “New […]
UAE: Dnata Catering boosts its presence in Australia
dnata, a leading global air and travel services provider, has expanded its retail catering footprint in Australia, by winning a multi-year contract with the country’s newest airline Bonza to support its operations and services – including the delivery of the airline’s on-demand 100 percent Australian menu. dnata said its global experience and comprehensive, […]
Jafza records 30% growth in new customer registrations in 2022
DP World’s Jebel Ali Free Zone (Jafza) witnessed the highest customer registrations in a decade, marking a 30 percent year-on-year growth, and taking the total number of companies to over 9,500 in 2022. The Free Zone zone has created unparalleled opportunities in a variety of sectors through end-to-end logistics solutions, digital trade platforms and […]
Dubai Salik board proposes $133.7mln dividend
Dubai road toll operator Salik, which listed its shares on the Dubai Financial Market (DFM) last year, posted a net profit of UAE Dirhams 529 million ($144 million) for the second half of 2022 (H2 2022), as road traffic in Dubai rose to pre-pandemic levels. The company’s board of directors has proposed to distribute […]
RTA to tow, impound vehicles found violating traffic rules
The Roads and Transport Authority (RTA) of Dubai on Monday said it signed an agreement with Emirates Parking which allows the Authority to impound vehicles that violate the laws. Under the newly-signed agreement, the RTA can impound both light and heavy vehicles and trailers for not adhering to the parking laws. The Authority completed the […]