AD Ports to buy majority stake in Egyptian maritime companies
Abu Dhabi-based AD Ports Group has announced that it has reached an agreement to acquire a 70% equity stake in International Associated Cargo Carrier BV, which wholly owns two Egypt-based maritime companies, Transmar International Shipping Company and Transcargo International (TCI). The total purchase consideration (Enterprise Value) of this transaction amounts to AED514 million ($140 million). […]
AD Ports Group receives top five ranking for Khalifa Port in global efficiency index
Executives at Abu Dhabi Ports Group (AD Ports Group) have confirmed that its flagship deep-water port, Khalifa Port, has been ranked in the top five of the global Container Port Performance Index (CPPI), developed by the World Bank and S&P Global Market Intelligence. The ranking is based on time vessels needed to spend in […]
UAE’s Etihad Rail, Spain’s CAF sign $327mln deal for passenger trains
Etihad Rail, the developer and operator of the UAE national railway network, has signed a 1.2-billion-dirham ($327 million) agreement with Spain’s CAF Group for designing, manufacturing, supplying and maintaining passenger trains. The agreement was signed at the construction site of Etihad Rail’s first passenger train station being built at Sakamkam in the heart of Fujairah […]
AD Ports sets up new JV with National Marine Dredging Company
UAE – Abu Dhabi-based AD Ports Group has signed a deal with National Marine Dredging Company Group, one of the world’s leading engineering, procurement, construction (EPC) and marine dredging groups, to set up a new joint venture company that will conduct offshore surveys and subsea services in the UAE, across the GCC region, as well as […]
UAE: Sustainability at the heart of Etihad Rail network
By taking proactive steps, Etihad Rail and Environment Agency — Abu Dhabi (EAD) have been ensuring the highest sustainability standards in the construction of the UAE national rail network, a top official said. Marking the World Environment Day, Khuloud Al Mazrouei, deputy project manager at Etihad Rail, said that the partnership with EAD has resulted […]
RTA opens Dubai-Al Ain road following $544mln revamp work
Dubai has announced the official opening of the road linking Al Ain following the completion of revamp work at a total cost of AED2 billion ($544 million). The scope of the Dubai-Al Ain Road Improvement Project spans 17 km from the intersection of Emirates Road to the intersection of Ras Al Khor Road along the […]
SAA in bid make new alliances at Air Cargo India
Sharjah International Airport Authority (SAA) will participate in Air Cargo India 2022 – scheduled to be held in Mumbai from May 31 to June 2 to showcase its latest services, strengthen existing partnerships and develop new alliances. This event, which will be held at Grand Hyatt in Mumbai, is one of the most important exhibitions […]
AD Ports Group to host Ports Authorities Roundtable
AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, will host the 7th Edition of Ports Authorities Roundtable (PAR 2022), a major annual maritime event that brings together port authorities from around the world together. The event is taking place at a crucial time for the ports and shipping sectors, […]
Dubai Airports ‘running special transport services between DWC and DXB’
Dubai Airports has announced that during the closure of the Northern Runway at Dubai International (DXB), a number of flights are being redirected to Dubai World Central (DWC) to ensure minimal operational disruption. Dubai Airports is the operator of both of Dubai’s airports – Dubai International (DXB) and Dubai World Central (DWC). Throughout the 45-day […]
Abu Dhabi tops list of capitals with least traffic congestion for 2021
Abu Dhabi has been ranked as the world’s least congested capital according to the TomTom Traffic Index for 2021, based on the annual survey of 416 cities in 57 countries by the global navigation services company. The new ranking of the UAE capital is based on a combination of criteria, including the rate of […]