Abu Dhabi / WAM AD Ports Group emerged from a challenging 2020, when the global shipping industry was disrupted by Covid-19, to build a strong trajectory of growth throughout 2021, achieving a series of historic milestones and expanding its footprint in the region and beyond. AD Ports Group closed 2021 with the signing of a number of strategic agreements ...
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Abu Dhabi announces free parking on New Year
Abu Dhabi / WAM Surface parking spaces in Abu Dhabi will be free of charge during the holiday on Saturday, January 1 until 7:59 am on Sunday, January 2, 2022. Additionally, the Mussafah Industrial area parking lot M18 will be free of charge during the official holiday. In an announcement, the Integrated Transport Centre (ITC) of the Department of ...
Read More »Dubai reports AED5.6bn worth of real estate deals
Dubai / Gulf Time Dubai saw the completion of 1,392 real estate transactions valued at AED5.6 billion during the week ending December 30, according to the Dubai Land Department (DLD). The DLD weekly report said 98 plots were sold for AED685.36 million, along with 994 apartments and villas for AED1.93 billion. The top three transactions were for a land ...
Read More »Dubai to witness 2mn passengers on New Year Eve
Dubai / WAM Dubai Airports said that an estimated two million passengers are expected to pass through DXB until January 8, 2022, with average daily traffic exceeding 178,000 travellers. January 2, 2022 will be busiest day of holiday season with more than 198,000 passengers expected. Dubai Airports also announced on Thursday that only ticketed passengers will be allowed entry ...
Read More »EGA pays off $361 million debt ahead of schedule
Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Thursday announced the early, full repayment of the project finance facilities extended by 13 export credit agencies and banks for the development of the company’s Al Taweelah smelter in Abu Dhabi. The project financing was extended to Emirates Aluminium, now an EGA subsidiary, for phase one of the project in ...
Read More »Masdar to develop Georgia’s largest solar power plant
ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, has signed an agreement with the Georgian Energy Development Fund (GEDF) to develop a solar photovoltaic (PV) power project in the country, with a capacity of as much as 100 megawatts (MW). The project, which will be jointly developed with the GEDF, will be Georgia’s largest ...
Read More »Abu Dhabi to host region’s first tyre storage, distribution hub
Abu Dhabi / WAM AD Ports Group has announced the signing of an agreement with China-based Shandong Port Group, to establish a Tyre Hub at Kizad for the storage and distribution of tyres. AD Ports Group will provide space for an upcoming 150,000 sqm facility in Kizad under its Industrial Cities and Free Zone Cluster. This will include warehouse ...
Read More »EGA pays off $361mn debt ahead of schedule
Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Thursday announced the early, full repayment of the project finance facilities extended by 13 export credit agencies and banks for the development of the company’s Al Taweelah smelter in Abu Dhabi. The project financing was extended to Emirates Aluminium, now an EGA subsidiary, for phase one of the project in ...
Read More »Abu Dhabi to set up region’s first tyre storage, distribution hub
Abu Dhabi / WAM AD Ports Group has announced the signing of an agreement with China-based Shandong Port Group, to establish a Tyre Hub at Kizad for the storage and distribution of tyres. AD Ports Group will provide space for an upcoming 150,000 sqm facility in Kizad under its Industrial Cities and Free Zone Cluster. This will include warehouse ...
Read More »Emirates expects a peak travel period on New Year Eve
Dubai / Gulf Time As the year draws to a close, a high volume of passengers are expected to surge through Dubai International to meet their travel plans for the New Year celebrations and the holidays season. With nearly 1 million travellers departing and arriving into Dubai, the peak travel period will last through January 10, 2022. In line ...
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