Empower Insulated Pipe Systems (Elips), a subsidiary of Emirates Central Cooling Systems Corporation, recorded strong operational performance for FY 2025 expanding its regional and international reach. The year also witnessed the addition of more than 30 new vital projects to Elips' business portfolio.
Noatum Ports, the international ports operating arm of AD Ports Group, today confirmed the delivery of three new ship-to-shore (STS) and six rubber tyred gantry (RTG) cranes to its new multipurpose terminal in Safaga, Egypt.
Dubai South, the largest urban master development focused on aviation, logistics, and real estate, has announced a flexible and support package for its SME community at the Business Park, aimed at supporting its growing base of businesses.
Sharjah authorities have confirmed that four Asian nationals have been injured in an incident at Khorfakkan Port after falling debris sparked a fire. A Nepali national was severely wounded, while three Pakistanis sustained minor injuries following a successful interception by UAE air defence systems.
In a historic first, the UAE has become one of the world’s top 10 exporting countries, reported state news Agency Wam, citing the latest figures from World Trade Organisation (WTO). The country’s goods and services trade has increased from $949 billion in 2021 to $1.637 trillion last year.
Senior UAE authorities have reported damage at a major plant of leading petrochemicals company Borouge located in Abu Dhabi after falling debris from an air defence interception ignited three fires, but no injuries were reported. Earlier, authorities said operations at the plant were suspended because of the blaze.
Saudi-based Kingdom Holding Company has announced that it has acquired a stake in US-based Breakthrough Energy Ventures (BEV), a key investor in innovative clean-energy and sustainability technologies, from Prince Alwaleed bin Talal bin Abdulaziz AlSaud for SAR255 million ($68 million).
Batic Investment and Logistics Company has announced that its wholly-owned unit Saudi Transport and Investment Company (Mubarrad) had reached an agreement to acquire 90 MAN truck heads from Haji Husein Alireza & Co. Ltd., as part of efforts to modernise its fleet.
Even though the rebound in global airfreight traffic slowed, pricing continued to rise further, indicating that the price of jet fuel is replacing capacity constraints as the driver of upward rate momentum, said a report. GCC-based airlines continued to rebuild their capacity but still face constraints from the conflict.
Abu Dhabi's Metal Park has received its first break-bulk cargo of metals at Fujairah Port, marking a further extension of its operational footprint and reinforcing the continuity of metal flows across the UAE.
