September, 2022

• 1 September

  Jafza’s trade grows 19% to AED454.7bn in 2021

  

    Dubai / WAM Underpinning its status as a key pillar supporting Dubai’s economy, DP World’s flagship Jebel Ali Free Zone (Jafza) generated over AED454.7 billion in trade in 2021, up 19 percent year-on-year. The rise in trade compares to the AED382.8 billion facilitated by Jafza in 2020. Complementing this growth was an 18.6% increase in the number of new ...

  Read More »
• 1 September

  UAE to launch dialogue on sustainable industrial development at US event

  

    Dubai / WAM The Global Manufacturing and Industrialisation Summit (GMIS), a joint initiative between the United Nations Industrial Development Organisation (Unido) and the UAE Ministry of Industry and Advanced Technology (MoIAT), will host its inaugural edition of the GMIS America in Pittsburgh, Pennsylvania from September 28-30. The step aims to build bridges between manufacturers, governments, multilateral organisations, technologists, the ...

  Read More »
• 1 September

  Emirates flew 10m passengers this summer

    Dubai / WAM Emirates, the world’s largest international airline, carried more than 10 million passengers on nearly 35,000 flights to 130 destinations this summer. The airline also ramped up operations to serve customer demand during this busy period, reinstating daily services to London Stansted, and increasing flights to 33 cities on popular routes across Europe, Asia, and the Middle ...

  Read More »
• 1 September

  Beeah’s new facility to produce alternative green fuel from waste

  

  Sharjah / WAM Beeah Recycling, a waste processing and material recovery business under Beeah group, has added a new Solid Recovered Fuel (SRF) facility to its state-of-the-art, integrated waste management complex in Al Sajaa, Sharjah. The SRF facility will transform commercial residue waste into a high-quality alternative green fuel in cement factories, where the fuel will be injected into the ...

  Read More »
• 1 September

  Al Jalila Foundation receives first donation in cryptocurrency

  

    Dubai / WAM Al Jalila Foundation, a member of the Mohammed Bin Rashid Al Maktoum Global Initiatives, dedicated to transforming lives through medical innovation, announced that it has received the first donation in cryptocurrency at an equivalent value of $16 million to support Hamdan Bin Rashid Cancer Charity Hospital. The donation, the first of its kind in the UAE, ...

  Read More »
• 1 September

  Dubai Esports Festival to kick off in November

    Dubai / WAM Dubai’s Department of Economy and Tourism (DET) has announced that the city will host the inaugural Dubai Esports Festival (DEF 2022) from November 9-20 at Dubai Exhibition Centre at Expo City Dubai. DEF 2022, which will be hosted in partnership with VSPN, a global leader in esports total solutions, will be the first international leisure event ...

  Read More »
• 1 September

  DXB LIVE sees 10% growth in business volume

    Dubai / WAM DXB LIVE, the integrated event management and organisation services arm of the Dubai World Trade Center (DWTC), announced substantial growth in business during the first half of this year achieving an increase of 10 percent from 2019 prior to the global pandemic. Activities and services relating to events organised at the DWTC resulted in record high ...

  Read More »
• 1 September

  Emirates carries over 10mn passengers this summer

  

    Dubai / WAM Emirates, the world’s largest international airline, carried more than 10 million passengers on nearly 35,000 flights to 130 destinations this summer. The airline also ramped up operations to serve customer demand during this busy period, reinstating daily services to London Stansted, and increasing flights to 33 cities on popular routes across Europe, Asia, and the Middle ...

  Read More »
• 1 September

  Essar, ArcelorMittal in $2.4b sale pact for infra assets

  

    Mauritius / Mumbai / Gulf Time In one of the largest post-pandemic M&A deals in India, Essar announced signing definitive agreements with Arcelor Mittal Nippon Steel (AM/NS) for certain Ports and Power infrastructure assets which are primarily captive to Hazira steel plant operations. The deal also envisages a 50-50 joint venture partnership, for building a 4 MTPA LNG terminal ...

  Read More »
• 1 September

  Mikhail Gorbachev’s failures did not go deep enough

  

  Mikhail Gorbachev failed at everything he tried as the Soviet Union’s last leader. The state he led could only change the world for the better by failing — and it did. But, alas, not for long. I will never forget the moment in August 1991 when — at 19 years old, slightly stoned and very much in love — I ...

  Read More »