Air travel between Qatar and key countries resumes, IATA hails decision The International Air Transport Association (IATA) has welcomed the signing of the ‘solidarity and stability’ agreement that will see Saudi Arabia, Bahrain, UAE and Egypt open their air, land and sea borders with Qatar. The agreement paves the way for commercial airlines to restart regional connectivity—which will shorten flight times and provide essential air links to families and businesses across the region. Muhammad Al Bakri, IATA’s Regional Vice President for Africa and the Middle East, said: “The reopening of airspace with Qatar by Saudi Arabia, Bahrain, UAE and Egypt…
Author: Jochebed Menon
Track-laying works across Al Dhafrah Region in Package A of Stage Two of the UAE’s national railway were inaugurated by His Highness Sheikh Hamdan bin Zayed Al Nahyan, the Ruler’s Representative in Al Dhafra Region. His Highness was briefed by Shadi Malak, Chief Executive Officer of Etihad Rail, on the construction progress of Package A, which will connect the UAE rail network to Al Ghuwaifat on the Saudi border and the wider GCC region. Having started in early 2020, steady progress has been made on construction of Package A, which is now 59% complete. A progress report presentation was also…
The British Approvals Service for Cables (BASEC) has been selected as the Approved Body for the UK Construction Products Regulation (CPR) by the Ministry of Housing, Communities and Local Government (MHCLG). Following the Brexit trade agreements, the question arose on the mutual recognition agreement of conformity assessments between EU and UK testing and certification bodies around the CPR. A statement from MHCLG said: “The agreement that was reached with the EU at the end of 2020 did not include a provision which would allow for mutual recognition of conformity assessment. Our understanding of the EU Commission’s position is that type…
A virtual fire safety experience is being hosted by Armstrong Fluid Technology from 17 to 20 January for the Middle East and Africa region. The fire safety experience is said to provide a digital platform for the fire safety industry to share industry updates, showcase innovations and form new partnerships. The event will include an opening address from Todd Rief, CEO, Armstrong Fluid Technology. Sharing his views on the planned event, Rief stated: “We aim to connect industry experts to discuss and collaborate new innovations and ideas within the fire safety industry. This virtual event reflects how, as an industry…
The UAE Ministry of Energy and Infrastructure will utilise the Arab Academy for Science Technology and Maritime Transport branch in Sharjah (AASTS’) capabilities and expertise of its workforce to develop the UAE’s maritime sector. The agreement was signed by Hassan Mohammed Juma Al Mansouri, Under-Secretary of the Ministry of Energy and Infrastructure in the UAE and Ismail Abdel Ghaffar Ismail Faraj, President of the Arab Academy for Science, Technology and Maritime Transport. Hassan Mohammed Juma Al Mansouri said: “In the UAE, we are determined to be ‘Number One’ in all areas and aim to become a unique example in sustainable…
An industrial facility comprising 372,856 sqft has been obtained by the Capital Trust Group in the suburban Milwaukee community of Menomonee Falls, Wisconsin, US. The facility is a research and development, manufacturing and testing facility and has an adjacent 118,620 sqft corporate office. The acquisition was arranged by JLL Capital Markets between Capital Trust Group and Bascom Group, a private equity firm. Apart from arranging the joint venture, JLL also prepared USD63.7 million in financing for a total cost of USD100.2 million for the acquisition. The facility was delivered in July 2020 as a build-to-suit for Leonardo DRS’ naval division.…
District cooling developer, Tabreed, has signed an agreement with Miral to provide cooling services to Abu Dhabi’s marine life theme park, SeaWorld Abu Dhabi. Tabreed will connect the new SeaWorld Abu Dhabi development to its existing Yas Island district cooling scheme and will deliver a cooling capacity of 7,500 refrigeration tonnes with a total concession capacity of 15,000 refrigeration tons (RT). The district cooling developer also plans to build a new dedicated plant by 2022 at the SeaWorld Abu Dhabi site. Bader Saeed Al Lamki, Chief Executive Officer, Tabreed, said: “We are delighted to have signed an agreement with Miral…
Financial institution APICORP and ACWA Power, a Saudi developer, have signed a USD125 million five-year Shariah-compliant corporate facility to support ACWA Power’s future growth pipeline. The agreement is aligned with APICORP and ACWA Power’s shared mission of accelerating the energy transition in the MENA region and globally through green technologies. The facility has been earmarked for funding ACWA Power’s investments in renewable projects in the countries it operates in, as well as future high-growth markets. The five-year tenor is well suited for financing a typical renewable project’s initial life cycle, enabling greater financial strength during the early development phase. The…