Ritchie Bros. Middle East, a trusted global marketplace for insights, services, and transaction solutions for commercial assets and vehicles, held four online auctions in 2023 and sold more than 5,200 lots. The auctions attracted the participation of over 4,400 bidders from over 70 countries and generated 1.6 million visits to Ritchie Bros.’ online auction and buying platform Marketplace-E. In 2023, Ritchie Bros. significantly invested in workforce, infrastructure, and advertising, which enabled the organization to extend its reach in the region and attract many bidders who purchased various heavy machinery at the auctions and via Marketplace-E. Of the total number of…
Author: Vibha Mehta
Menzies Aviation, the leading service partner to the world’s airports and airlines, has announced a new joint venture (JV) with Sociedade Gestora de Aeroportos (SGA-SA) to deliver cargo and lounge services at Luanda International Airport (LAD). As part of the new partnership, Menzies Angola will handle more than 30,000 tonnes of cargo each year, serving many customers, including Taag-Angola Airlines, Air France, TAP Air Portugal and Ethiopian Airlines. It will also manage the VIP lounge at LAD, which serves more than 45,000 passengers each year. Reporting to the Angolan Ministry of Transport, SGA Angola manages 18 airports, including LAD, the…
Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, is celebrating the inauguration of its first flight from Abu Dhabi to Turkistan, one of the most important and historic cities in central Asia. The new route reaffirms the airline’s commitment to unlocking an eclectic mix of travel opportunities for both residents and visitors of the UAE and Kazakhstan. Flights to Turkistan will operate thrice a week on Tuesday, Thursday and Saturday, with tickets already on sale on wizzair.com and the airline’s mobile app, available in Arabic, with fares starting as low as AED 179*. The national airline flies to more…
Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, with Zain KSA and the French Serge Ferrari Group, has announced a new technical breakthrough to deliver a groundbreaking digital experience at Ummahat Island. Through this strategic partnership, which aims to maximize joint sustainability efforts, RSG and Zain KSA have designed and installed innovative telecom towers to provide visitors with an unprecedented communication experience that combines speed and service efficiency. At the same time, the buildings are thoroughly blended with the aesthetic elements of the island, ensuring that guests enjoy…
AJMAL MAKAN Real Estate Development, a leading developer of urban and mixed-use developments, announced its participation in the Sharjah Real Estate Exhibition – ACRES 2024, held under the patronage of H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah, and Chairman of Sharjah Executive Council (SEC). The event is scheduled at the Expo Centre Sharjah from January 17 to 20, 2024. During its participation, the company plans to highlight the first and second phases of the AJMAL MAKAN City – Sharjah Waterfront. They comprise Sun Island, an integrated model residential project designed to offer a…
Today, Alstom announced the appointment of Dalya Al Muthanna as the new managing director and CEO in the Gulf (UAE, Qatar, Oman, Kuwait, and Bahrain). With a track record of customer-oriented success in the Gulf, Dalya held the position of President at GE in the UAE and global Chief of Strategy and operations for GE International Markets, as well as previously holding the position of President and CEO for GE in the Gulf region. Her educational background includes a PhD from Imperial College London and an MBA from the American University in Dubai. “With Dalya Al Muthanna on board, Alstom…
Deyaar Development PJSC (Deyaar), one of Dubai’s leading property developers and real estate service providers, has announced the launch of Rosalia Residences, an exquisite tower of spacious apartments in the heart of Al Furjan that will further elevate the standard of living within the community. Strategically located in one of Dubai’s most vibrant and fast-growing communities, Rosalia Residences is Deyaar’s third project in Al Furjan out of a total project portfolio worth AED 300 million. The first project, Amalia Residences, launched in 2022, is now completely sold out. The second, Millennium Talia Residences, a hotel-serviced apartment operated by Millennium Hotels…
To demystify the language around net zero carbon and environmental, social and governance (ESG) requirements in the built environment, global multi-disciplinary engineering consultancy Cundall has created a glossary of sustainability terms most commonly used in the industry. From frequently misunderstood terms such as carbon neutral, embodied carbon and sequestration, and three different colours of hydrogen (did you know there were eight?), the glossary is a user-friendly guide to the sometimes-complicated jargon that defines net zero carbon and ESG in the built environment. The A to Z of NZC covers commonly used technical terms, tools, scientific terminology, assessments and government regulation. It goes…
Flextock, a leading e-commerce enabler in the Middle East, cites that the KSA was on pace to reach an impressive $13.71 billion in digital sales by the close of 2023 and a projected annual growth rate of 14.37%, leading to a market volume of $23.46 billion by 2027. Against the backdrop of this digital growth, Flextock has emerged as a notable success story, capitalising on the flourishing market to contribute significantly to the evolving e-commerce landscape. The company most recently displayed this during White Friday and Riyadh Season 2023. While traditional companies typically see a doubling of sales during this…
FedEx Corp. (NYSE: FDX) announced today that fdx is the first data-driven commerce platform that connects the entire customer journey — making it easier for companies to grow demand, increase conversion, optimize fulfilment, and streamline returns. FedEx is the only logistics company to connect the entire customer journey by offering end-to-end e-commerce solutions for businesses of all sizes – all in one platform. “FedEx is transforming into a digitally-led business powered by our extensive physical transportation network, leveraging our scale and insights from moving 15 million packages per day,” said FedEx Corp. President and CEO Raj Subramaniam, who announced the…