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Dubai conference to focus on piracy
The second public-private international counter piracy conference will be held in Dubai in June, aimed at advancing coordination to counter the growing threat of maritime piracy. Foreign ministers and senior government officials from more than 50 countries as well as CEOs of leading global companies in maritime related industries are being invited for the two-day event on June 27 and 28. The conference, being organised in a partnership between the UAE Ministry of Foreign Affairs and global ports operator DP World, will be entitled ‘A Regional Response to Maritime Piracy: Enh Read More | View Original Article
DP World has been named the winner of the prestigious Golden Peacock Award for corporate social responsibility for 2012 for its work in India, where it operates five marine terminals. The annual award, instituted in India in 1991 to encourage corporate responsibility initiatives promoting sustainable development, was presented at an award ceremony in Dubai in recognition of DP World’s efforts to integrate responsible business practices into its operations in India. Read More | View Original Article
Emirates unit sees big Global Village success
Transguard Group, an Emirates Group company, wrapped up a successful season at Dubai’s Global Village, where it was responsible for logistical movements and secure handling of a record Dh213 million ($58 million) banknotes over a five-month period. The 151-day event, which is also the largest outdoor family entertainment venue in the region, kicked off on November 1, 2011 and closed at the end of March this year, with retail sales topping a staggering Dh1.5 billion. To ensure shoppers had easy access to their cash, Abu Dhabi Islamic Bank (ADIB) installed a total of 10 ATM mach Read More | View Original Article
Cavotec to take part in Jeddah aviation expo
Cavotec, a global engineering group, will participate as an exhibitor and presenter at a major airports, aviation & logistics exhibition set to be held next month in Jeddah. The inaugural Kingdom Airports, Aviation and Logistics Exhibition (KAALE 2012) will be held from May 1 and 2 at the Centre for Events and Forums. “We are very excited about this event as it offers us the opportunity to further develop our presence in Saudi Arabia where we have worked and are also pursuing several large projects.” said Juergen Strommer – managing director for Cavotec Middle East and India. Read More | View Original Article
Riyadh public transport designs completed
The High Authority for the Development of Riyadh (HADR) has completed the engineering designs, technical specifications and blueprints for the two public transport projects using buses and electric trains, a report said. A 17 km-long rail network on King Abdullah Road, starting from King Khaled Road on the west to Khaled bin Al-Waleed street to the east, and including 11 stations, will form the first phase of the project, the Bloomberg report added. The network would also run on the axis of Al-Olaya-Al-Batha Street with a length of 25km, connecting the northern and southern ri Read More | View Original Article
Emirates SkyCargo to service Vietnam
Emirates SkyCargo, the freight division of Emirates, will launch operations between Dubai and Ho Chi Minh City, Vietnam with the launch of a daily passenger service on June 4. The cargo service will use the 240-tonne weekly belly-hold capacity of the aircraft to stimulate trade between Ho Chi Minh City, its Dubai hub and more than 120 other destinations. Ho Chi Minh City will become the 14th Emirates SkyCargo point in the Far East, strengthening its commitment to the region, with major exporters - such as Hong Kong, China, Japan and Korea – already operating on Emirates SkyCar Read More | View Original Article
Lloyd's Register withdraws from Iran
Lloyd's Register, a leading maritime risk management firm, has shut its operations in Iran and can no longer vouch for the safety of the Opec member's fleet due to Western sanctions, the head of the company told Reuters. Lloyd's Register, a classification society that verifies the safety and environmental standards of vessels, has stopped assessing around 60 tankers and container ships owned by Iran's NITC and Islamic Republic of Iran Shipping Lines following pressure from the United States. The company joins a broad spectrum of industries, from banks and insurers to refiners Read More | View Original Article
Aramex Q1 net profit rises 22pc
Aramex, the Dubai-based logistics firm, posted a 22 percent rise in first-quarter net profit on Tuesday, driven by higher revenues from the Gulf and contribution from its recent South African acquisition. Aramex, a favourite of regional fund managers, made a first-quarter net profit of 61 million dirhams ($16.6 million), compared with 50 million dirhams for the same period last year. Revenues rose 25 percent to 746 million dirhams, Aramex said in a bourse filing. Read More | View Original Article
UAE logistics market ‘seeing top demand’
There is strong demand for high quality warehousing and logistics facilities in the UAE and occupiers are seeking both onshore and free zone ‘build to suit’ developments, said a report. However, they are facing limited supply, particularly in the larger, 50,000 sq ft plus range, added the first quarter report for the UAE’s industrial and logistics market by Cluttons, the real estate specialist. The Abu Dhabi Executive Council has announced ambitious plans to develop the infrastructure of the Emirates including 246 km of new road projects, including the expansion of the Emirate Read More | View Original Article
Agility files $225m suit against US agency
Kuwaiti logistics company Agility said on Tuesday it had filed for $225 million in claims against the US Defense Logistics Agency (DLA), saying the agency had breached the terms of a contract. Agility said in a statement US government officials employed by the DLA and Department of Justice "conspired and acted in concert to intentionally deprive Agility of its rights under the Second Prime Vendor Contract." It said this was "breaching the contract's express and implied terms and violating regulatory duties." The US Embassy in Kuwait was not immediately Read More | View Original Article
RAK FTZ takes part in Doha, Hannover events
Top-level trade delegations from Ras Al Khaimah Free Trade Zone (RAK FTZ), one of the fastest-growing free trade zones in the UAE, are taking part in leading events in Doha and Hannover this week. A high-level RAK FTZ delegation, led by its CEO Oussama El Omari, took part in the World Investment Forum (WIF) 2012 – a leading conference facilitating dialogue and action on key investment related challenges in Doha. Organised by United Nations Conference on Trade & Development (UNCTAD), in partnership with Qatar Government, the WIF focused on ‘Investing in Sustainable Development’ Read More | View Original Article
Tadmur, UK’s OCS launch logistics JV
Doha-based Tadmur Group, a leading diversified business group in Qatar, and OCS Group, Britain's largest family-owned facilities services company, have launched a facilities management joint venture. The launch of OCS Qatar marks OCS Group’s first business in the Middle East and brings the number of countries it operates in to more than 30. The new company, which will spearhead OCS’ growth in the Middle East, has incorporated Tadmur Real Estate's property management and maintenance portfolio and also Tadmur Logistics' soft services divisions. Read More | View Original Article
New Jeddah port terminal opened officially
Red Sea Gateway Terminal (RSGT), the new container terminal at Jeddah Islamic Port, was officially inaugurated yesterday. Read More | View Original Article
