Connect with us

United Arab Emirates

Indonesia abundance reserve, DP World ink settlement for port turn of events

Published

on

Organization with state port administrator PT Pelabuhan Indonesia is among choices that the two players say will bring monetary worth of up to $7.5bn.

Indonesia’s recently settled abundance reserve has consented to an arrangement with Dubai port administrator DP World to foster seaports in Southeast Asia’s biggest economy.

Under the understanding, Indonesia Investment Authority and DP World, one of the greatest worldwide port administrators, will frame a consortium to investigate long haul speculation openings the nation over, as per a joint assertion on Sunday.

An organization with state port administrator PT Pelabuhan Indonesia is among choices that the two players say will bring monetary worth of up to $7.5 billion.

Indonesia, an archipelago with more than 17,000 islands, thinks about marine coordinations and seaports as a vital help for the homegrown economy, as per Ridha Wirakusumah, president chief at the asset known as INA. The asset allows financial backers to put cash in sub-reserves crossing foundation, medical services, the travel industry, innovation and the improvement of another public capital city anticipated the island of Kalimantan.

DP World as of late reported a series of arrangements to turn into a more broadened and coordinated coordinations organization. Its tasks range from passages in London and Antwerp to centers in Africa, Russia, India and the Americas. The organization, alongside accomplice Caisse de dépôt et arrangement du Québec, marked a port and coordinations park concurrence with Indonesia’s Maspion Group in March.

As per results delivered last week, gross compartment volumes across DP World’s worldwide portfolio recorded a 8.1 percent year-on-year expansion in the second from last quarter (Q3) of the year, contrasted with industry development levels of 6.4 percent.

Continue Reading
Advertisement

Announcements

UAE fuel prices announced for February

Published

on

The UAE fuel price committee on Friday announced petrol and diesel prices for the month of February 2025.

Super 98 petrol will cost Dh2.74, compared to Dh2.61 a litre in January, while Special 95 will cost Dh2.63 a litre, compared to Dh2.50 a litre the previous month.

E-Plus category petrol will be available for Dh2.55 a litre, compared to Dh2.43 a litre in January, while diesel will now cost Dh2.82 a litre, compared to Dh2.68 a litre the previous month.

Fuel prices in the UAE are closely tied to movements in the global oil market, which has experienced significant fluctuations since last year. Geopolitical uncertainties, shifting supply dynamics and concern about slowing economic growth have all contributed to the volatility in oil prices.

The UAE deregulated fuel prices in 2015, aligning them with market fluctuations.

Continue Reading

Announcements

UAE-made MBZ SAT set to launch into space from California tonight

Published

on

The UAE’s most advanced Earth-imaging satellite, MBZ-SAT, will launch on Tuesday, January 14, at 10:49 PM UAE time from Vandenberg Air Force Base in California, the Mohammed Bin Rashid Space Centre (MBRSC) has announced.

This marks the second satellite entirely developed by Emirati engineers. MBZ-SAT, weighing 700 kg, will launch alongside the student-built CubeSat, HCT-SAT 1, as part of SpaceX’s rideshare program. Originally planned for October 2024, the launch was delayed due to technical issues with SpaceX’s Falcon 9 rocket. A livestream of the event will be available from 9:30 PM UAE time at live.mbrsc.ae.

The SpaceX rideshare program, introduced in 2019, has enabled the deployment of over 200 satellites, offering a cost-effective alternative to traditional launches.

MBZ-SAT, named after President Sheikh Mohamed, will revolutionize Earth observation with enhanced imaging capabilities, producing ten times more images than current satellites. Meanwhile, HCT-SAT 1 underscores the UAE’s commitment to fostering future space experts.

Salem Humaid Al Marri, Director-General of MBRSC, stated, “We have a team of seven members on-site in the US and another at Mission Control in Dubai, working around the clock to ensure a successful launch.”

The UAE currently operates 10 satellites, with eight more under development. MBZ-SAT underwent rigorous testing in the UAE before being transported to South Korea for environmental assessments. Afterward, it was shipped to SpaceX in the US for final testing.

Marri described the simultaneous launch of these two distinct satellites as a moment of national pride. He emphasized the significance of combining advanced space technology with initiatives like the HCT-SAT program, which involved 50 students from across the UAE. This dual effort, he said, highlights the country’s dedication to building a robust space industry while nurturing local talent.

4o

Continue Reading

Announcements

Ring in the New Year on Dubai’s waters: Abra, Taxi & Ferry with Atlantis views

Published

on

As Dubai residents and tourists gear up to celebrate New Year, they can ring in 2025 with celebrations in the waters of the emirate.

The Roads and Transport Authority in Dubai has announced special offers and exclusive services during the New Year’s Eve, December 31, 2024, on marine transport means including the Dubai Ferry, the Abra, and the Water Taxi.

Passengers can enjoy views of the Burj Khalifa, Bluewaters, Atlantis, Burj Al Arab and Jumeirah Beach Towers. Residents can cruise into 2025 aboard the Dubai Ferry, Water Taxi, and Abra, with the backdrop of the Dubai coastline, adorned with hotels, heritage areas and landmarks such as The World Islands.

Continue Reading

Popular

© Copyright 2024 HEADLINE. All rights reserved

https://headline.ae/