NMDC Group has obtained several important contracts in 2024 NMDC Group, a global leader in engineering, procurement, construction, and marine dredging (Abu Dhabi Securities Exchange: NMDC), today disclosed its financial results for the first half of 2024 (H1 2024). The Group reported a 79% increase in revenues, reaching AED 12.126 billion, compared to AED 6.765 billion in the same period last year. Reflecting the strong growth in its strategic projects, NMDC Group reported a 66% increase in net profits for H1 2024, reaching AED 1.461 billion compared to AED 881 million in the previous year. Gross profits also surged by…
Author: Content Writer
The Dubai Customs AI Platform will create new job opportunities and assist entities unable to build non-AI systems In a move that advances its ambitious vision and reinforces its leadership in innovation, the Ports, Customs, and Free Zone Corporation has announced the launch of its interactive Dubai Customs AI Platform. The new platform enables developers to build AI-powered systems and programmes, providing a seamless customs experience. The platform also provides small and medium-sized enterprises a space to work and collaborate, supporting their growth and development.His Excellency Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs, and Free Zone Corporation, highlighted…
Saudi Maritime & Logistics Congress will be held at Dhahran Expo As the Kingdom of Saudi Arabia continues to sail towards its Vision 2030 ambition, it is not just charting a new course for itself but is also establishing benchmarks for innovation and development on the global stage. Showcasing investment opportunity in the maritime and logistics sectors, this year’s Saudi Maritime & Logistics Congress will highlight how Saudi Arabia’s doors are now open even wider to the world, with investments pouring into sectors like renewable energy, maritime and logistics and other key industries. According to Chris Morley, Group Director of…
Kuehne+Nagel has received certification from MOHAP Dubai, the most populous city in the United Arab Emirates (UAE), plays a strategic role in the logistics industry thanks to its location at the gateway to the Middle East, Asia, and Africa. The UAE’s booming economy boosts demand for products from all industries. Many companies, including those from the pharmaceutical and healthcare sectors, decide to locate their hubs in Dubai. From there, they can easily prepare the products for their outbound or inbound journey into the UAE, depending on the changing inventory levels. Aggregation License “All pharmaceutical products and medical supplies must be…
FedEx has announced previously that it will establish a direct operational presence in Saudi Arabia Federal Express Corporation, the world’s largest express transportation company, has appointed Abdulrahman Al-Mubarak as its new Managing Director Operations of Saudi Arabia. Based in Riyadh, Abdulrahman holds a regional role in the Middle East and is responsible for the company’s strategic direction and operations for Saudi Arabia, Egypt, and Jordan. Abdulrahman joins FedEx with over 15 years of experience in regulatory compliance, business development, strategic planning, and operational excellence across the Kingdom’s aviation and logistics industry, in both the private and public sectors. He has…
Originally written by Julien Moutte, Chief Technology Officer, Bentley Systems, on railway, sustainability, and more… In global initiatives to combat climate change, increased investment in public transportation—particularly rail—is widely touted as a sustainable pathway towards emission reduction and climate mitigation. According to a recent UN report, shifting to trains and buses may reduce greenhouse gas (GHG) emissions by two-thirds per rider, per kilometer. At the same time, expanding public transport infrastructure service coverage and capacity offers communities an array of economic and social benefits, including wider access to employment and education, lower rates of traffic fatalities, and better local air…
Knight Frank recorded a 185% rise in industrial and logistics demand in H1 2024 in Dubai to 18 million sqft The UAE industrial and logistics sector continued to exhibit strong growth in H1 2024, with the highest rental growth being registered in Jebel Ali Industrial (Grade B) (38.5%) (AED 36 psf), according to the H1 2024 Dubai & Abu Dhabi Industrial Markets’ Review (add link) by global property consultant Knight Frank. Maxim Talmatchi, Associate Partner- Co-Head of Industrial & Logistics, UAE explained:“The industrial and logistics market demonstrates robust fundamentals, characterised by strong demand, minimal vacancies, and a promising pipeline of upcoming projects…
Andrew Thompson, CEO of Cleveland Containers, discusses the challenges of supply chain disruptions and its effects on the manufacturing sector With an average output of £224 billion per year and employing about 2.6 million people, the UK is currently the eighth largest manufacturing nation in the world. Despite these resounding figures, the sector has faced a number of challenges over the past few years, which have been especially exacerbated by issues and disruptions at the supply chain level. Almost three in five manufacturing firms across the country say they have been struggling with supply problems ever since the start of the pandemic. What’s…
SINGAUTO aims to create the world’s largest commercial EV industrial district in the UAE In a move set to redefine the future of commercial vehicles, SINGAUTO, the Singapore-based innovator, unveiled its global brand at the iconic Yas Marina Circuit in Abu Dhabi. With an ambitious vision to be a world-leading, new energy, intelligent, complete logistics solutions provider, the company launched its inaugural masterpiece: world’s first one-step new energy intelligent refrigerated vehicle. During the launch on 24 June, the business presented its latest innovative model which integrates autonomous driving capabilities and advanced cold chain logistics technology, featuring an AI-powered digital platform,…
Al Masaood launched this offer in response to insightful customer feedback Al Masaood Automobiles, the authorised distributor of Nissan in Abu Dhabi, Al Ain, and the Western Region, has announced reduced prices on Nissan’s brakes services during the summer. Available until August 31st 2024, this offer includes comprehensive maintenance and safety checks on brakes at competitive, reduced prices. It covers brake services on all models, including brake pad and disc rotor replacements, as well as a full braking system inspection. The company has introduced this offer in response to valuable customer sentiment observations. With customer centricity at the heart of…