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middle-east

ports

Qatar’s ports record highest annual growth

Doha - Qatar’s ports have delivered an impressive performance last year with all round growth in all the segments. The ports in the country achieved highest annual performance in containers, vessels and livestock segments in 2018

markets

Aramco secures long term market for its oil

Abu Dhabi - Saudi Aramco’s plan to set up and run petrol stations across the kingdom will help the world’s biggest crude exporter secure a long-term market for its oil barrels

ports

GAC to set up operations in Abu Dhabi

Abu Dhabi -Leading integrated shipping, logistics and marine services provider GAC is opening a warehouse and open yard in the Middle East’s largest industrial zone and a subsidiary of Abu Dhabi Ports, Khalifa Industrial Zone Abu Dhabi (KIZAD)

shipping

Adnoc combines LPG and propylene shipments for first time

Abu Dhabi - Abu Dhabi National Oil Company has co-loaded liquefied petroleum gas, which is used for cooking and in vehicles, and propylene, a building block for petrochemicals, onto the same vessel as the company looks to lower freight costs

oil and energy

OPEC works on deal to cut output

Vienna - OPEC and its allies are working towards a deal to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia’s resistance to a significant production cut was so far the main stumbling block

transport

Virgin Hyperloop One, Bin Sulayem replaces Branson

Los Angeles - Virgin Hyperloop One, the company that has developed a full scale hyperloop system, announced today that Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, has been elected as its new Chairman

shipping

DP World files lawsuit against China Merchants

Dubai - DP World, the port operator based in Dubai, has filed a lawsuit against the state-owned China Merchants Port Holding, about the controversial Terminal project in Djibouti

markets

China’s foreign trade jumps 16%

Beijing - China’s foreign trade jumped year-on-year to €3.4 trillion in the first 10 months of 2018. Imports surged 20.3 percent while exports grew by 12.6 percent

shipping

“Abu Dhabi to develop great LNG export by 2024”

Abu Dhabi - The capital of the United Arab Emirates Abu Dhabi could develop significant liquefied natural gas’ (LNG) export capacity by 2024, writes the English speaking UAE’s journal The National, quoting an analysis by Wood Mackenzie

ports

“Middle East ports must explore innovative approaches”

Dubai - According to a new report by The Boston Consulting Group (BCG), entitled “Will Middle Eastern Ports Continue to Succeed?”, ports across the region have enjoyed success by building high-quality infrastructure to serve the large cargo volumes flowing through the region