Home / Tag Archives: expansion

Tag Archives: expansion

Suez canal damages may amount to $1bn

The head of the Suez Canal Authority on Thursday said that losses and damages resulting from the grounding of the Ever Given container ship could run to more than $1 billion. Osama Rabie told media that investigations into the incident, which resulted in the vital trade waterway being blocked to …

Read More »

ADNOC oil and gas expansion strategy approved

Abu Dhabi’s Supreme Petroleum Council (SPC) approved, today, the Abu Dhabi National Oil Company’s (ADNOC) new integrated gas strategy and plans to increase its oil production capacity to 4 million barrels per day (mmbpd) at the end of 2020 and 5mmbpd by 2030. The SPC meeting was presided over by …

Read More »

Sharjah airport gets into expansion mode

Sharjah airport is planning a massive expansion of its passenger terminal in the next four years, which will increase the capacity of Sharjah International Airport to 20 million passengers by 2027. This was announced during the Smart Travel Initiative event held on Wednesday as part of the UAE Innovation Month …

Read More »

Dubai’s DMCC eyes Latin American expansion

The Dubai Multi Commodities Centre (DMCC), one of the world’s biggest free zones in terms of concentration of businesses, is eyeing Latin American markets to further expand its reach and attract more multinational commodities players, according to its executive chairman. The free zone, a centre for trading of everything from …

Read More »