A record 10.5GW of renewable power generation capacity for ACWA Power isadded on the development portfolio Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, today announced its consolidated financial results for the six months ending 30 June 2024. The company’s net profit – attributable to equity holders of the parent – reached SAR 927 million, growing by 36% or SAR 243 million versus the comparable period in 2023. Operating income before impairment losses and other expenses reached SAR 1,389 million in the same period, with an increase of…
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Jebel Ali Port handled 616,000 vehicles in 2023 with strong volumes continuing into 2024 DP World has welcomed COSCO Shipping’s state-of-the art vehicle carrier, the ‘Min Jiang Kou,’ to Jebel Ali Port for the very first time. The LNG dual-fuel vessel, one of the largest in the world with a capacity for 7,500 parking spaces, called on Jebel Ali Port on her maiden sailing from Shanghai, carrying 4,800 vehicles. Alongside its sister ship, the ‘Liao He Kou,’ the vessel is part of COSCO’s innovative new automobile fleet, designed with multiple advanced green technologies to reduce carbon emissions and conserve energy…
The Saudi-Oman highway’s design focused on upholding the highest standards of traffic safety The highway linking Saudi Arabia and Sultanate of Oman stands as a remarkable engineering feat in the heart of the Empty Quarter desert (Rub Al-Khali), serving as a vital artery that strengthens cooperation between Saudi Arabia and Oman across various fields. This crucial roadway stretches 564 kilometers, from the Batha Haradh intersection to the Empty Quarter border crossing. Its construction required over 1.3 million work hours and the use of 750 specialized pieces of heavy equipment to overcome the harsh desert environment. The project was executed in…
J&T Express leverages its strong logistics network and extensive operational experience to offer users exceptionally fast delivery services in Saudi Arabia J&T Global Express Limited “J&T Express,” a global integrated logistics service provider, is pleased to announce the official launch of J&T SPEED in Saudi Arabia on June 27, 2024. This service is committed to providing more efficient, convenient, and reliable parcel delivery experiences for individual customers and businesses in Saudi Arabia, catering to the region’s growing demand for parcel delivery services. In recent years, with the continuous prosperity of the global digital economy, new business models such as e-commerce…
Mappable’s offerings also feature high-performance, customizable, and data-rich maps Mappable, a global company that brings powerful and highly customizable mapping solutions to the local markets, announces the launch of new advanced features within its existing Route & Navigation products. As the demands of local consumers continue evolving, these updates have been designed to streamline logistics and navigation further to support UAE businesses. The new features include ‘Avoid Custom Zones’, ‘Waypoints Optimization’, and ‘Left Turns Deprioritization’ for trucks. These updates are now available in Mappable’s Distance Matrix solution, which calculates travel time and route length for all combinations of origins and…
The figures represent 7X’s commitment to enabling logistics, digital and financial services 7X, formerly known as Emirates Post Group and the leading enabler of the trade, transport and logistics sectors, announced the operational results for the first half of 2024, showcasing significant achievements and growth. These results demonstrate the Group’s commitment and ongoing efforts to enable the logistics, digital and financial services at the local and regional levels. The performance results highlight the operations of Emirates Post, EMX and the Electronic Documentation Centre, as well as FINTX, which includes Wall Street Exchange and Instant Cash. The report revealed a 12…
This strategic alliance between Al Laith and SMC highlights their mutual dedication to achieving excellence Al Laith, a leading provider of diverse temporary project solutions in the Middle East, is proud to announce its role as the Official Temporary Infrastructure Strategic Partner in an extensive multi-year collaboration with the Saudi Motorsport Company (SMC). As part of this wide-ranging strategic partnership, the company provided equipment and services for the 2024 Saudi Arabian Grand Prix. This strategic collaboration between Al Laith and SMC underscores a shared commitment to excellence, innovation, and the advancement of motorsports in the Kingdom of Saudi Arabia. SMC…
Hamad International Airport broadened its network this year by adding new airline partners Hamad International Airport (DOH) has demonstrated exceptional growth in the first half of 2024, witnessing a significant increase of 25% in passenger traffic. Additionally, its aircraft movement has grown by 19%, total number of bags handled has grown by 19% and cargo operations has increased by 12%, in comparison to the first half of 2023. Impressive Growth in Passengers Hamad International Airport welcomed 25.9 million passengers in the first half of 2024, a 25% increase compared to the first half of 2023. This includes a 22.1% increase…
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…
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…