- A long-term commercial agreement signed for the transport of bulk material between Oman and the UAE, enabling the private sector to enhance the competitiveness of their products to reach regional markets.
- Development of state-of-the-art railway logistics facilities in Al Buraimi and Sohar, designed for high-capacity freight handling and seamless multimodal operations.
- Procurement of an advanced freight wagon fleet, engineered for optimized load distribution, increased efficiency, and smooth integration within the rail network.
Category Archives: Business & Investments
The Ascott Limited Announces Landmark Signing of The Crest Collection in Riyadh
The Ascott Limited, in partnership with Homod Altheeb Holding, is bringing The Crest Collection to Riyadh, marking the brand’s debut in Saudi Arabia. Located in the prestigious An Nakheel district, this high-end property will feature elegantly designed rooms, luxury amenities, and first-class facilities. The project aligns with Saudi Arabia’s Vision 2030, reaffirming Ascott’s commitment to growth in the Kingdom and enhancing Riyadh’s position as a global tourism hub.
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Dubai Chambers signs an MoU with United States Chamber of Commerce
Dubai, UAE – Dubai Chambers has signed a Memorandum of Understanding (MoU) with the United States (U.S.) Chamber of Commerce to strengthen trade relations and enhance the ties between the business communities of Dubai and the United States. The agreement aims to support the growth of bilateral trade and expand economic cooperation.
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Global gold demand hits new high as prices soar in 2024
The World Gold Council’s Q4 and Full Year 2024 Gold Demand Trends report reveals that total annual gold demand hit a new, record high of 4,974t, driven by strong, sustained central bank buying and growth in investment demand. The combination of record high gold prices, and volumes resulted in the highest ever total value of demand at $382bn.
Central banks continued to buy gold at pace in 2024, with purchases exceeding 1,000t for the third year in a row. Buying ramped up significantly in Q4, reaching 333t and bringing the annual total for central banks to 1,045t.
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At the opening of Qatar’s International Agricultural Exhibition (AgriteQ)
HE Dr. Amna Al Dahak Highlights the Unified Vision of UAE, Qatar, and Gulf nations in Advancing Sustainable Regional Food Security
- The UAE is participating in the exhibition as the ‘Guest of Honour’, with a dedicated pavilion that highlights the nation’s achievements in agriculture.
Dubai, UAE, 5 February 2025: Her Excellency Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment (MOCCAE), said that the United Arab Emirates, Qatar, and the Gulf Cooperation Council (GCC) countries share a unified vision to drive cooperation in strengthening sustainable food security in the region. HE underscored the importance of collaborative efforts in addressing the region’s shared challenges, supporting the agricultural sector and enhancing local production of strategic crops.
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