May, 2022

• 24 May

  AFZ, Zajel to provide smart delivery services to clients

  

    Ajman / WAM Ajman Free Zone signed a memorandum of understanding (MoU) with Zajel- a specialised company in the field of logistics and transport. The agreement was signed by Ali AlSuwaidi, Director-General of Ajman Free Zone and Yousuf Alkhaja, CEO of Zajel. Under the agreement, Zajel will provide smart and efficient delivery services to free zone business partners, including ...

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• 24 May

  Emirates Post gets ‘best carrier of year award’

    DUBAI / WAM Emirates Post, the official postal operator and leading express provider in the UAE, has been awarded the “Amazon Best Carrier of the Year 2021” in the Middle East and North Africa (Mena) region by Amazon, the company’s last-mile delivery solution partner. The award recognises Emirates Post’s service, performance, collaboration, transpar- -ency and ease of communication between ...

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• 24 May

  Enoc group opens new compact station in Dafza

    Dubai / WAM Enoc group on Monday announced the launch of its compact station in the Dubai Airport Freezone (Dafza), offering customers accessible and convenient refuelling services. The station is designed to cater to fuelling needs for the entire Dafza region where major logistics offices are located. The economic zone is home to over 1,600 international firms from various ...

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• 24 May

  Dubai Chamber of Commerce sees 55% membership growth

  

    Dubai / WAM Dubai Chamber of Commerce – one of three chambers operating under Dubai Chambers – revealed that its membership increased 55.4% in April, while member exports and re-exports grew by 16.7%, compared to the same period last year. The new member companies joining Dubai Chamber of Commerce in April 2022 reached 3,056, bringing the chamber’s total membership ...

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• 24 May

  Adnoc sets Borouge’s IPO offer price at AED2.45

  

    Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), together with its long-standing partner Borealis AG, on Monday announced the offer price for the initial public offering (IPO) of Borouge plc, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX). The price per share for the offering has been set at AED2.45, implying an equity value ...

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• 24 May

  Sheikh Mohamed will continue UAE’s prosperous, tolerant march

  

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan will continue the UAE’s march of prosperity and tolerance, New Zealand’s Governor General Dame Cindy Kiro told the Emirates News Agency (WAM). “I am in no doubt that His Highness Sheikh Mohamed bin Zayed will continue the UAE’s onward march in building its prosperous and tolerant society. ...

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• 24 May

  EGA, GE ink deal to upgrade gas turbines in Al Taweelah

  

    Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, and GE Gas Power signed an agreement to upgrade four existing GE 9F gas turbines at EGA’s Al Taweelah power plant, reduce greenhouse gas emissions intensity, and contribute to the UAE’s Net Zero by 2050 Strategic Initiative. GE’s Advanced Gas ...

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• 24 May

  SCRF continues to spread joy of reading among children

  

    Sharjah / WAM Over 12 days, the 13th edition of the Sharjah Children’s Reading Festival (SCRF) took more than 112,350 visitors of all age groups and backgrounds on a journey to new worlds of learning and entertainment. With spaces attractively designed to stimulate thought and creativity, Expo Centre Sharjah spoilt cultural enthusiasts for choice with the festival’s vast offering ...

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• 24 May

  Europe’s plan to replace Russian gas faces hurdles

  

    Bloomberg Europe’s ambitious plan to walk away from Russian natural gas and replace a chunk of it with tanker-borne imports faces a major obstacle: getting it to where it’s needed most without huge price discrepancies. Even as record amounts of liquefied natural gas (LNG) land on Europe’s shores, the lack of interconnectors from key import terminals in the west ...

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• 24 May

  Shipping’s $500b profit can take on Amazon

  

  When French container-shipping giant CMA CGM Group announced a cargo partnership with Air France-KLM, the real surprise was its plan to acquire only 9% of the airline. Having made 18 billion euros ($19 billion) of net profit last year, the world’s third-largest container line by capacity could afford to acquire all of Air France with plenty of change to spare. ...

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