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Abu Dhabi unveils AED4bn plan to expand Khalifa Port

ABU DHABI / WAM After seven record years of operational growth, the Abu Dhabi Ports flagship Khalifa Port is set for further expansion, said company executives. Khalifa Port, strategically situated halfway between Abu Dhabi and Dubai, was officially inaugurated on December 12, 2012, by President His Highness Sheikh Khalifa bin Zayed Al Nahyan. Of particular note is the investment of ...

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Abu Dhabi hotel revenue up by 46.0% in October

Abu Dhabi / WAM The hotel establishments room revenue index increased by 13.3% in October as compared with same month last year, while the same index increased by 46.0% against September, according to data released by Statistics Centre – Abu Dhabi (SCAD) on Wednesday. The hotel establishments price index increased by 22.8% in October compared with September. The hotel room ...

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Refined oil product stocks at Fujairah hub rise 2.5%

FUJAIRAH / WAM Refined oil product stocks at the Middle Eastern hub of Fujairah rose 2.5 percent in the week to December 9 on the back of increased gasoline and other light distillate stockpiles, according to data released on Wednesday by the Fujairah Oil Industry Zone, FOIZ. Total inventories rose to 21.337 million barrels during the last week, bringing the ...

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