Transport and Logistics

Dubai traffic fines can be payed via ATM
Paying traffic fines has now been made easier in Dubai, reported Gulf News. Emirates Bank and National Bank of Dubai customers can now inquire about their traffic fines and pay them through ATM machines, cash deposit machines and online banking through the BankNet service. Motorists should have a bank account to use the facilities, but anyone can pay through cash deposit machines belonging to Emirates NBD bank.
United Arab Emirates: Tuesday, June 24 - 2008 at 08:12

AIAP to invest in Qatar logistics
Ali Iskandar Al-Ansari & Partners Company (AIAP) - Qatar is seeking to increase its capital from QR36m to QR450m. AIAP will expand in the transport, supplies, and logistic service sectors, in cooperation with Capivest Investment Bank - Bahrain. The company is in the process of executing the private placement by offering 59.8% of the capital of Gulf Holding Company to Qatari investors, with a value approaching QR404m, and 32.2% of the capital of Capitra Investment to Gulf, Arab and foreign investors, with a value of QR217m.
Qatar: Monday, June 23 - 2008 at 10:09

Borouge signs up for Khalifa port
The Abu Dhabi Ports Company (ADPC) has signed an agreement with Borouge to provide port services for Borouge's petrochemical operations, said news reports. ADPC has agreed to provide sufficient land, storage facilities, infrastructure and services at Khalifa Port to accommodate Borouge's products and to assure the seamless transition of Borouge's current port operations at Mina Zayed to Khalifa Port.
United Arab Emirates: Sunday, June 22 - 2008 at 09:37

Al Ghadeer gets $50m fund
The Bank of London and The Middle East has completed the $50m syndicated Ijara leasing facility for Al Ghadeer Marine Shipping LLC. The Dubai based shipping company will use the fund for the acquisition of the 53,000DWT double-skinned bulk carrier, Sara V.
United Arab Emirates: Saturday, June 21 - 2008 at 10:59

DP World buys into Spain
UAE-based marine terminal operator DP World has signed a sale and purchase agreement for a 60% stake in Contarsa Sociedad de Estiba (Contarsa), a privately owned company which holds the exclusive concession for Tarragona container terminal in northern Spain, reported Khaleej Times. The transaction has received approval from the Tarragona Port Authority and is currently seeking European Union regulatory clearance. The price was not disclosed.
United Arab Emirates: Thursday, June 19 - 2008 at 11:04 |

Emaar awards bridges contract to Huta
Emaar, The Economic City, the Tadawul-listed company developing King Abdullah Economic City, has awarded a contract worth 83m Saudi riyals ($22m) to Saudi Arabia-based Huta Group to build two bridges across the water canals at Bay La Sun Village within KAEC, reported Gulf News. Emaar E.C had earlier awarded a contract worth 250m riyals to the Huta Group to develop man-made water canals with supporting walls over an area of 1.9 million cubic metres.
Saudi Arabia: Thursday, June 19 - 2008 at 07:41

Iraq transportation summit planned
Lucrative commercial opportunities will be made available for companies operating in the global transportation sector at the Iraq Transportation & Communications Technology Summit in Dubai on 9-10 October 2008. The summit comes as a result of the clearly identified need to improve and develop Iraq's transport infrastructure, with investment needed to regenerate the country's railways, ports, airports and civil aviation sectors, according to a statement by the conference organizers.
Iraq: Wednesday, June 18 - 2008 at 07:38

UAE to ban old cars from roads
The UAE will no longer allow vehicles older than 20 years on its roads from January, reported Khaleej Times. A senior official at the Ministry of Interior said licences for cars manufactured before 1988 would not be renewed, while the import of cars manufactured five years earlier would be banned. The licences of cars manufactured 15 years ago would also not be renewed from January 2010, he added.
United Arab Emirates: Tuesday, June 17 - 2008 at 08:35 |