Wednesday 4 October 2023

UPU's fourth Extraordinary Congress begins in Riyadh

The fourth Extraordinary Congress of the Universal Postal Union (UPU), in session at Riyadh from October 1 to 5, will decide on several key proposals aimed at ensuring a sustainable future for international postal services.    The Extraordinary Congress of


Theme of World Green Economy Summit revealed

‘Bridging the Gap to the Future: Advancing the Global Green Economy’ is the theme of the 9th World Green Economy Summit (WGES) to be held from November 28 to 29 in Madinat Jumeirah, Dubai.   This was announced by the Dubai Electricity and Water Autho


Special air cargo verticals see ‘continued growth’ in 2023

Special air cargo product verticals have continued to record growth in the first eight months of 2023, while general cargo tonnages have fallen, year on year (YoY), from all of the main world origin regions.   A new analysis from WorldACD Market Data, says total


Shippers need $28bn to decarbonise global fleet by 2050, says report

An additional $8 billion to $28 billion will be required annually to decarbonize ships by 2050, and even more substantial investments of upto $90 billion annually, will be needed to develop infrastructure for 100% carbon-neutral fuels by 2050, according to United Nations Conference on Trade a


Mammoet set to deliver world’s largest electric crane

Global heavy lift and transport specialist Mammoet has announced that work is under way on the world's largest electric crane - SK6000 - which once completed will set a new standard for heavy lifting abilities globally.    Set to become the highest-capa


MoIAT to showcase new investment opportunities at Adipec

The Ministry of Industry and Advanced Technology (MoIAT) is set to showcase a range of new incentives at the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) 2023, which kicks off on October 2 and runs for the next two days in the UAE capital.  


Shipping industry called to combat emissions

The United Nations Conference on Trade and Development (UNCTAD) has called for a "just and equitable transition" to a decarbonised shipping industry in its Review of Maritime Transport 2023 launched ahead of World Maritime Day (28 September). The agency highlights the pressin


EDGE takes 50% stake in Brazilian weapons specialist

The UAE’s EDGE Group, one of the world’s leading advanced technology and defence groups, has announced the acquisition of a 50% stake in Brazilian smart weapons and high-tech systems specialist, SIATT. The acquisition deal was officially signed at SIATT's headquarters i


NEOM, MB92 Group announce yacht repair centre at Sindalah

NEOM and leading superyacht maintenance company, MB92 Group, have tied up to set up a 10,000 square-metre repair facility for yachts at NEOM’s luxury island and yachting destination on Saudi waters of the Red Sea, Sindalah.   The partnership aligns with th


Alba appoints new Acting CFO

The Board of Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, has approved the appointment of Ahmed Abdul Qader Ishaq as the Acting Chief Financial Officer (CFO) of the company, effective October 2.   The current CFO, Bryan Harris,

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