Author: Arabian Media staff
Image: Supplied AD Ports Group in partnership with Unicargas and Multiparques, has laid the foundation stone for the Noatum Ports Luanda Terminal at the Port of Luanda, marking the start of a major modernisation and expansion project in Angola. The project involves an initial investment of $250m over the first three years, with total investment expected to reach up to $380m over the 20-year concession period, extendable until 2055. Construction will span 18 months and aims to deliver state-of-the-art infrastructure, advanced technology, and sustainable equipment, positioning the Port of Luanda as one of the most competitive in Central and West…
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Image: Getty Images/ For illustrative purposes RAK Digital Assets Oasis has been rebranded and relaunched as Innovation City (INC), positioning Ras Al Khaimah as a hub for technology and innovation companies, the authority said. The initiative aims to create a global ecosystem for entrepreneurs and innovators, initially focusing on five sectors: Web3 and digital assets, artificial intelligence, gaming and iGaming, robotics, and healthtech and digital health. Sheikh Mohammed bin Humaid Al Qasimi, chairman of Innovation City, said the project would help “shape industries and put Ras Al Khaimah on the map as a capital of innovation for decades to come.”…
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Image: Dubai Media Office Dubai Chamber of Digital Economy will introduce five new features at Expand North Star 2025, the world’s biggest gathering for startups and investors, which will mark its 10th anniversary from October 12-15 at Dubai Harbour. The event, organised by Dubai World Trade Centre and hosted by Dubai Chamber of Digital Economy, will launch ScaleX, the Consumer Tech Zone, North Star Green Impact, the Deeptech MEA Summit and the Digital Assets Forum. ScaleX will spotlight 100 fast-growing tech companies and connect them with partners and investors to support expansion into the Middle East and beyond. The Consumer…
Image: DIEZ The Dubai Integrated Economic Zones Authority (DIEZ) reported record trade of Dhs336bn ($91.5bn) across its three zones in 2024, a 19 per cent increase from the previous year. The growth lifted DIEZ’s contribution to Dubai’s non-oil trade to 13.7 per cent, its highest on record, marking the fourth consecutive year of expansion. Trade volumes rose 28 per cent to 444,300 tonnes compared with 346,700 tonnes in 2023. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, said DIEZ’s results underscored the emirate’s ability to “innovate, unlock new avenues for…
National Industries Park (NIP), DP World’s industrial hub in Dubai, has secured more than Dhs1bn ($272m) in new projects so far this year. Between January and September, NIP leased over 7 million square feet of land, mostly for greenfield projects that will add new manufacturing capacity. The expansion has pushed its tenant base past 400 companies, supporting more than 24,700 jobs. New additions to National Industries Park New customers in 2025 include Danube Building Materials, LT Foods Middle East and Trilogy Fab Trailers Manufacturing. The investments build on a strong 2024, when customer registrations nearly doubled year-on-year. “Nationwide value added…
Image: WAM The UAE Ministry of Finance has signed a multilateral competent authority agreement on the automatic exchange of information under the Crypto-Asset Reporting Framework (CARF), reinforcing its commitment to global tax transparency. The UAE announced in November last year its intention to implement the framework. CARF implementation in the country is scheduled to go live in 2027, with the first exchanges of information expected in 2028. The framework sets out a mechanism for the automatic exchange of tax-related information on crypto-asset activities, aimed at providing certainty and clarity to the sector while aligning with international transparency standards. Public consultation…
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