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Abu Dhabi-based AD Ports Group has signed a framework agreement with the National Company Maritime Ports Administration (NCMPA), the administrator of the Port of Constanța in Romania, to explore investment and development opportunities in the Black Sea’s largest port.
The agreement establishes a platform for col...
Dr. Thani bin Ahmed Al Zeyoudi, the UAE’s Minister of Foreign Trade, recently chaired a high-level meeting hosted by the Ports, Customs and Free Zone Corporation (PCFC) at its headquarters in Dubai. This brought together senior executives from global shipping lines and representatives of maritime associations as pa...
Oman’s Asyad Shipping Company has taken delivery of three Newcastlemax dry bulk carriers, Ain Garziz, Ain Rabat and Ain Athum, all named after springs in the Dhofar region of the country. The three vessels, which represent a combined investment of around US$ 209 million, have been secured on l...
AD Ports Group has signed an agreement with two leading UAE banks, First Abu Dhabi Bank (FAB) and Emirates NBD Capital Limited (ENBD), to refinance its syndicated loan of AED 9.175 billion (US$ 2.5 billion) one year ahead of schedule, at more favourable terms.
Martin Aarup, AD Ports Group Chief Financial Officer, ...
Khalifa Economic Zones Abu Dhabi (KEZAD) Group has attracted five new industrial and logistics projects across the emirate of Al Ain and Al Ma’mourah in Abu Dhabi, with investors committing a combined investment of AED 147 million for projects covering a total footprint of over 84,000 m2.
These include Haber...