Abu Dhabi’s Khalifa Port is being expanded to accommodate bigger ships and more cargo. Its main channel will be deepened to 18 metres, while 600,000 square metres of space will be added for cargo handling. The project, involving some 250 workers is set for completion in mid-2018. The expansion work is crucial to supporting local industries and ensuring Abu Dhabi remains a major trade and investment hub.
UAE reinforces trade flow stability, supply chain resilience
The UAE’s Minister of Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has chaired a high-level coordination meeting in Dubai, bringing together global shipping leaders and maritime industry representatives to tackle ongoing challenges affecting regional supply chains.
Meta unveils first AI model from costly superintelligence team
Meta Platforms on Wednesday unveiled Muse Spark, the first artificial intelligence model from a costly team it assembled last year to catch up with rivals in the AI race.
UAE, Bahrain central banks announce currency swap agreement
The Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of Bahrain (CBB) have announced the establishment of a currency swap agreement with a nominal value of AED 20 billion (BHD 2 billion) and a tenor of five years.
Borouge shareholders approve $1.32 billion 2025 dividend
Shareholders in Abu Dhabi-listed Borouge approved a $1.32 billion dividend for 2025 on Tuesday, as the petrochemicals company reported strong financial performance.
Emirates NBD launches business support package for SMEs
Emirates NBD has unveiled a business support package that consists of a set of temporary fee-relief measures to help SMEs manage day-to-day operations over the next few months.
Pinoy Expat Corner
What inspired the establishment of the Filipino senior citizens group here in the UAE?
Pinoy Expat Corner
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Pinoy Expat Corner
What does someone working on a yacht usually do? Are they often out at sea, and how long do they usually stay there?
