Author: Jochebed Menon

Knight Frank leased an impressive 1,000,000 sq.ft commercial facility in Jebel Ali, to CARS24, the largest eCommerce platform for pre-owned vehicles. With a total contract value worth more than Dhs40million, this is one of Dubai’s largest ever leasing deals on record. With a company value of over USD2 billion dollars, CARS24 is revolutionising the way used cars are bought in the UAE, through their next generation, eCommerce platform for used cars and this new site location brokered through Knight Frank will allow further expansion of their business. Commenting on the transaction, Andrew Love, Partner and Head of Commercial Agency at…

The fourth edition of the Global Manufacturing and Industrialisation Summit (GMIS 2021) will convene the Heads of State of the Republic of Austria and Mauritania, the Prime Minister of Namibia and Barbados, former Prime Ministers of France and Italy, and ministerial representatives on behalf of the Presidents of Egypt and the Kingdom of Cambodia. Kicking off this week, from November 22-27 in Dubai, the United Nation Secretary General, the Executive Director of UN-Habitat and the President of the UN General Assembly will also participate, alongside other Heads of United Nations (UN) agencies and John Kerry, the U.S. Special Envoy for…

UAE’s official postal operator and express provider Emirates Post has partnered with ENOC Group to enhance customer experience in its last-mile delivery services in line with its drive to support the growth in logistics and eCommerce in the UAE. ZOOM, a home-grown convenience store chain owned by ENOC Group, has become a convenient pick-up and drop-off location for customers sending or receiving courier shipments via Emirates Post. Both Emirates Post customers and business partners can benefit from this new partnership. The agreement offers a flexible way for customers to pick-up or drop-off their courier packages by choosing the ZOOM store…

AlUla International Airport received its first-ever direct international flight, operated by leading low-cost Saudi Airline flynas. flynas XY219 departed DXB at 11:30 and touched down in AlUla at 13:40 on Friday 19 November marking the first international passenger flight to the ancient city of AlUla. The aircraft was welcomed at AlUla International Airport with a traditional water cannon salute and a Nabataean cultural performance in the presence of airport officials and media. Director at AlUla International Airport, Abdulwahab Bokhari, received the delegation along with government officials and representatives from RCU and flynas, while artists and traditional music performers welcomed the…

UD Trucks has launched Euro 5 versions of its popular Quester and Croner trucks in the region for the first time. The new trucks feature significant upgrades to minimise their environmental impact, improve efficiency and uptime, increase profitability, and optimise the Total Cost of Ownership (TCO), all without compromising the benefits offered by the previous models. The launch of the new Euro 5 trucks comes ahead of the introduction of new regulations in fast-growing regional countries such as the UAE, which currently has a Euro 4 emission standard, and Qatar, which will be adopting Euro 5 emission standards by mid-2022.…

The World Logistics Passport (WLP) has signed a Memorandum of Understanding (MoU) with the Bahraini Ministry of Transportation and Telecommunications, bringing another GCC member state into the Dubai-administered global freight loyalty programme as a gateway participant, thereby enhancing the Kingdom of Bahrain’s access to global markets and offering businesses direct benefits. The WLP is a global, private sector-led, initiative designed to smooth the flow of world trade. It operates as an incentive-based loyalty programme that rewards traders and freight forwarders for high levels of trade by unlocking market access to new and existing trading routes. The signing of the MoU…

Dubai-based Jetex, a general aviation trip support company, and Eve Urban Air Mobility, an Embraer company, signed a Memorandum of Understanding and announced a partnership aimed at developing the Urban Air Mobility (UAM) ecosystem. UAM will make air commuting more accessible and convenient for everyone. 100% electric, quiet and safe, electric vertical takeoff and landing (eVTOL) aircraft are the future of transportation aimed at easing congestion and bypassing any potential ground mobility restrictions. The creation of disruptive and widely accessible UAM solutions will help democratise mobility by making it more accessible, affordable, and offering communities more options. The new eVTOL…

Southeast Asia offers tremendous investment potential as economies in the region remain resilient and competitive in the face of Covid-related challenges, while the outlook for the region’s economic recovery looks bright, a new Dubai Chamber study entitled “Why ASEAN” has revealed. The study was released ahead of the Global Business Forum ASEAN (GBF ASEAN), which is organised by Dubai Chamber in partnership with Expo 2020 Dubai under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The inaugural forum, held under the theme The New Frontiers, takes…

The CARGOES team of DP World, a provider of worldwide smart end-to-end supply chain logistics, announced their new category, Ports and Terminals solutions, at the CARGOES Digital Trade Flow event, in Dubai. The CARGOES event was held on Wednesday, November 10 at DP World’s pavilion, EXPO 2020 Dubai. For now, CARGOES Ports and Terminals solutions will focus on four key sub-categories IOT+, AVA+, GC+, and TOS+ that will house different products. CARGOES Ports and Terminals solution TOS+ supports integrations and is available in 70% of DP World’s ports and other existing port software for advanced process automation. The company has an interconnected…

A UPS 747 flight is now connecting India directly to Europe and connecting UPS customers to North and Latin American markets five days per week. That doubles the company’s previous capacity to and from India for small and medium-sized business customers looking to grow their revenue base. UPS’s first direct flight from India will connect Delhi to its largest international hub at Cologne, Germany. Customers have been diversifying their supply chains as they respond to pandemic disruptions. And cargo space in the belly of passenger aircraft – normally reliable and cost-effective – has been significantly reduced. Now, buoyed by market…