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Category Archives: News

Largest container vessel ever in Iraq

Taiwan’s 5,551 TEU container vessel calls at Umm Qasr Port

Gulftainer, a privately owned port operator, has received the largest container vessel at an Iraqi port to date, according to the company in a statement on Monday.

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Chinese firms to invest $300m in Abu Dhabi

Chinese companies are involved in sectors ranging from power and metals to natural resources and banking

Abu Dhabi: Five Chinese companies will start operations in Abu Dhabi’s industrial zone with an initial investment of $300 million (Dh1.1 billion) in a boost for the emirate’s economic diversification plans.

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Qatar Crisis Hits Stalemate

The economic and political sanctions imposed on Qatar earlier this month could protract indefinitely, BBC News reports citing a UAE government spokesman, according to whom Qatar seems to be unwilling to comply with a list of demands set by a number of Arab countries.

Namely, after Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt severed ties with Qatar on June 5, the countries requested that Qatar stop funding terrorism, which the country denies doing, reduce its ties with Iran and shut down its Al Jazeera broadcaster, among other things, by July 3.

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