“Ports are focusing on holistic transport system planning”

Captain Mohamed Juma Al Shamisi, Chief Executive Officer, Abu Dhabi Ports, discusses how the company is focused on developing an effective end-to-end infrastructure system What are the latest infrastructure trends that GCC ports are embracing? Capacity expansion There is a big focus on capacity expansion and improving efficiency of port facilities. Over the next ten […]

GCC ports push the boat out

Port authorities across the region are correcting course to stay relevant as customers demand more efficient solutions, while an increasing number of players pose competitive risks. Onboarding new technologies and cross-border collaboration are major routes forward, as GCC operators have recognised. “A new approach is necessary as certain practices are now outdated and it is […]

Modi’s goal of a $5 trillion Indian economy by 2025 is at risk

New Delhi: India’s slowdown and a simmering shadow banking crisis is putting Prime Minister Narendra Modi’s goal of crafting a $5 trillion economy by 2025 at risk. The nation entered 2019 as the world’s sixth-biggest economy poised to become the fifth. Instead, it has slipped a notch to seventh place as a collapse in consumption […]

UAE Maritime Week to promote sector growth

Sultan Ahmed Bin Sulayem, Chairman of Ports, Customs and Free Zone Corporation (PCFC) and Dubai Maritime City Authority (DMCA), on the current edition of UAE Maritime Week starting this Sunday UAE Maritime Week has reached its fifth edition and I congratulate the organisers and patrons of this annual global event. It is another promising week […]

UAE’s Etisalat inks deal to acquire Help AG

Dubai. Etisalat Group announced on Wednesday it has signed a deal to acquire full ownership of Help AG’s businesses in the UAE and Saudi Arabia. The value of the deal was not disclosed. In a statement to the Abu Dhabi bourse, Etisalat said the acquisition of Help AG, a cybersecurity company in the Middle East […]

Qatar Airways loss spirals as costs surge

Doha. Qatar Airways reported a near ten-fold increase in annual losses as higher fuel costs and a weaker regional economy compounded an already tough operating environment from Saudi-led airspace closures. The loss for the 12 months through March swelled to 2.33 billion riyals ($637 million) as currency fluctuations and the increased kerosene bill led costs […]