Author: Jochebed Menon

UAE-based perfumer, Salva, unveiled its new fragrance ‘Hope’ devoted to seafarers. Through this initiative, the brand aims to spread awareness about the plight of seafarers around the world and offer support to them. From every sale, 50 per cent of the proceeds will be utilised to aid seafarers with the ‘hope’ of making their lives better and their future brighter. Her Excellency Eng. Hessa Al Malek, President of Arab Women in Maritime Association (AWIMA) and Founder of Salva, joined hands with Marasi News, a specialised maritime magazine and portal in the UAE, for this initiative that she is a staunch…

The Ministry of Transport, Communications and Information Technology in Oman has finalised the main framework for a programme that will serve as the national indicators initiative for the logistics sector. Tamayyiz will elevate the efficiency of the sector. Through this initiative, the Ministry seeks to transform the logistics business environment into a globalised business climate and to enable the sector to benefit from business facilitation instruments available through government departments. The programme aims to upgrade the level of business and economic capabilities of all components of logistics activities in the country, besides improving the timeframe and customs infrastructure and facilitating…

Umm Al Quwain-based manufacturer of luxury yachts, Gulf Craft, has carried out a maiden sea trial on its flagship yacht, Majesty 175. Key highlights of Majesty 175’s first sea trial was its notable maneuverability, speed, robust hull and rigidness. The Majesty 175 undertook a series of inclination experiments for multiple factors at sea in which it reached a top speed of 17 knots powered by its twin heavy duty MTU 12V 4000 M63 engines, delivering 1500kW each. Mohamed Hussein Alshaali, Chairman of Gulf Craft, said that the success of Majesty 175’s maiden sea trial highpoints the world-class megayacht construction competencies…

The Ministry of Transport, Communications and Information Technology in Oman further opened 18km of Adam-Haima-Thumrait dual roadway for traffic. With the inauguration of this part, 280km of Adam-Haima-Thumrait dual carriageway have been opened for traffic, out of 317.5km that constitutes the total length of the dual carriageway project. The project starts from the Wilayat of Adam in the Governorate of A’Dhakiliyah to the Wilayat of Haima in the Governorate of Al Wusta. This road project is the longest dual carriageway in the country. It serves the Duqm Economic Zone and the oil fields in the desert areas. This road will…

As part of the Airport Modernisation Programme (AMP), the construction work at the new Passenger Terminal at Bahrain International Airport is progressing as per plan. The second phase is taking place in the eastern part of the existing airport. The site has been cordoned off to maintain the highest levels of safety and security, according to Bahrain News Agency. Bahrain’s Minister of Transportation and Telecommunications, and Bahrain Airport Company (BAC) Chairman, Kamal bin Ahmed Mohamed, paid an inspection visit to the airport. The minister, BAC officials, and representatives of the project’s main contractor, Arabtec TAV, were briefed on the latest…

Smart Solution Logistics FZE (SSL), DP World’s port-centric logistics arm, has signed an agreement with Tel Aviv-based Allalouf Logistics to explore new growth opportunities for the logistics and general freight forwarding business in the UAE and Israel. According to a report on WAM, the contract will foster trade between key trade hubs in both countries and beyond. DP World’s SSL offers an extensive range of containerised logistics solutions. Using its worldwide network of ports and terminals overseas, SSL helps companies to link their supply chain to any part of the world using high-end IT platforms and variety of transportation modes.…

Automotive parts manufacturer, Bridgestone Corporation, is showcasing Bridgestone World, an interactive city, at CES 2021, held virtually this year from 11-14 January. As part of the digital exhibition, Bridgestone is displaying several sustainable mobility solutions. Live online showcases and on-demand feature videos will also foster opportunities for collaboration with partners across the technology spectrum at the digital event. Bridgestone World, specifically developed in response to this year’s virtual format, allows users to peer into urban, suburban, industrial and transport settings in a city of the future, and explore how the company’s connected products and data-driven services will address pain points,…

Asset management and investment banking firm, SHUAA, has completed a debt buyout of Stanford Marine Group’s Dhs1.13 billion (USD308 million) facility. The Dubai-based Stanford Marine Group (SMG) is a diversified offshore services company in the Middle East, with a focus on chartering, building and repairing offshore support vessels for the oil and gas industry. The restructuring strengthens SMG’s liquidity position. It has also helped save more than 1,800 jobs, and annual exports of close to Dhs20 million worth of (Made in UAE) vessels completed at the ultramodern Grandweld shipyard’s facility in Dubai Maritime City. Jassim Alseddiqi, CEO, SHUAA Capital, said:…

Abu Dhabi Ports has put a freeze on rent escalation during 2021 for all businesses in its Industrial Cities and Free Zone Cluster, in a move aimed at providing further relief to its customers in Khalifa Industrial Zones Abu Dhabi (KIZAD) and ZonesCorp. The effective suspension on rent increase for the entire year will benefit more than 1,400 companies within Abu Dhabi Ports’ Industrial Cities and Free Zone cluster. Abdullah Al Hameli, Head, Industrial Cities and Free Zone Cluster, Abu Dhabi Ports said: “Abu Dhabi Ports is taking steps to help its customers remain competitive during this exceptional economic climate…

Engineering and industrial software developer, Aveva, has achieved a Gold Application Development competency and Silver Cloud Platform, Data Analytics, and Data Centre competencies. This validates the firm’s commitment to Microsoft Corp. customers’ evolving needs in today’s mobile-first, cloud-first world and distinguishing itself within a small percentage of the Microsoft partner ecosystem. Aveva’s competencies demonstrates that it is focused on on-demand, business solution areas, along with ensuring it can meet the evolving needs of its mutual customers. Steen Lomholt-Thomsen, Chief Revenue Officer, Aveva, said: “Aveva is enabling industrial organisations to embrace innovative digital platforms that will allow them to deploy faster, reduce energy consumption and emissions, and work more…