Category Archives: Business & Investments

Business & Investments

AD Ports Group Prepares to Receive State-of-the-Art Panamax-Class Cranes for New Multipurpose Cargo Terminal in Safaga, Egypt

Expected to be operational in the second half of 2026

AD Ports Group Prepares to Receive State-of-the-Art Panamax-Class Cranes for New Multipurpose Cargo Terminal in Safaga, Egypt

Abu Dhabi, UAE – 04 March 2025: AD Ports Group (ADPORTS:ADX), an enabler of integrated trade, transport and logistics solutions, today announced it was preparing to receive  three new state-of-the-art Panamax cranes from Shanghai Zhenhua Heavy Industries Co. Ltd (“ZPMC”), ordered for the Group’s new multipurpose cargo terminal in Safaga, Egypt, which is expected to be operational in the second half of 2026.

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Business & Investments

LSEG Risk Intelligence Launches Global account verification to tackle cross-boarder payment fraud in APAC and EMEA

  • Real-time verification improves security for faster cross-border payments
  • Helping companies validate supplier and customer payments
  • Follows launch of Global Account Verification (GAV) for US customers last year

Dubai, UAE – LSEG Risk Intelligence, a leader in compliance, risk management and fraud prevention solutions, has announced the launch of Global Account Verification (GAV) in APAC and EMEA. GAV is an innovative solution which checks that payee and account details match before transfers are confirmed, protecting businesses and individuals from fraudulent transactions. The expansion of GAV globally follows the initial launch for US customers in October 2024.

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Business & Investments

Al Seer Marine Adds Tabit and Rigel MR Tankers to Fleet, Completing First Stage of Expansion and Reaching 16 Vessels

Abu Dhabi, 4th March 2025: Al Seer Marine (ADX: ASM), a frontrunner in the maritime industry and a subsidiary of International Holding Company (ADX: IHC), announced the delivery of motor tankers Tabit and Rigel, the final two vessels in its series of six new build Medium Range (MR) tankers ordered from K Shipbuilding Korea.

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Business & Investments

Korean Food Innovations Take Center Stage at​ Korean Pavilion

Dubai, UAE – The vibrant flavors and cutting-edge innovations of Korean cuisine were on full display at a premier pavilion event, where 12 leading K-Food export companies showcased an impressive selection of products tailored to Middle Eastern consumers.

Visitors had the opportunity to explore a diverse range of authentic and innovative Korean offerings, including ramen, beverages, dumplings, ginseng, health foods, kimchi, bulgogi sauce, and fresh fruits. These products were carefully curated to cater to the region’s unique culinary preferences, reflecting Korea’s commitment to expanding its footprint in the Middle Eastern food market.

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Business & Investments

DUBAI SOUTH AND UPS SIGN AGREEMENT TO LAUNCH A NEW FACILITY IN THE LOGISTICS DISTRICT

Dubai, UAE, 3 March 2025: Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, and UPS, a global logistics leader, have signed an agreement to open a new facility at Dubai South’s Logistics District. This launch is part of UPS’s strategic expansion in the region.

The agreement was signed by Tariq Badri, Director, Business Development and Investor Relations, and Andrew Sleiman, VP Legal, India Subcontinent, Middle East & Africa in the presence of Mohsen Ahmad, CEO of the Logistics District, Dubai South and Ismet Demirel, VP Transportation, India Subcontinent, Middle East & Africa.

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