International Steels Limited’s Post

UAE Marine traffic to its next level

Gigantic achievement with massive records briefed in interesting 2 minutes! The make of such a long lasting and strategically impactful infrastructure and logistics solution is surely not a simple project, but thanks for the leadership’s unlimited support and the organically-integrated collaboration among management, teams, and other key stakeholders and resources. The invisible but quite vital “success enabler” was/is a “purpose-fit governance model”, among other key enablers.

If a port is offshore like this one then can it be registered & treated as offshore entity ? Is it here in this case ?

Air Arabia, a low-cost carrier based in Sharjah, has initiated a new service to Basra, Iraq. Commencing from June 3, the new direct flights will link Sharjah International Airport to Basra International Airport with a frequency of three flights per week. Basra becomes Air Arabia's fourth destination in Iraq, joining Baghdad, Erbil, and Najaf. In 2023, the airline experienced significant growth in net earnings, reaching 1.5 billion dirhams ($408.4 million), marking a 27% increase from the previous year's AED 1.2 billion. However, the net profit for Q4 2023 was recorded at AED 225 million, reflecting a 37% decrease from the same period in 2022. During the previous year, Air Arabia expanded its operations by introducing 26 new routes within its global network. Additionally, it witnessed a 31% year-on-year increase in passenger traffic, with a total of 16.7 million passengers transported. #airarabia #Flights #Sharjah #Iraq #UAE

Great Success

Air Arabia, a low-cost carrier based in Sharjah, has initiated a new service to Basra, Iraq. Commencing from June 3, the new direct flights will link Sharjah International Airport to Basra International Airport with a frequency of three flights per week. Basra becomes Air Arabia's fourth destination in Iraq, joining Baghdad, Erbil, and Najaf. In 2023, the airline experienced significant growth in net earnings, reaching 1.5 billion dirhams ($408.4 million), marking a 27% increase from the previous year's AED 1.2 billion. However, the net profit for Q4 2023 was recorded at AED 225 million, reflecting a 37% decrease from the same period in 2022. During the previous year, Air Arabia expanded its operations by introducing 26 new routes within its global network. Additionally, it witnessed a 31% year-on-year increase in passenger traffic, with a total of 16.7 million passengers transported. #airarabia #Flights #Sharjah #Iraq #UAE

"The UAE : From humble beginnings to global giants" In the 1970s, the UAE's economy revolved mostly around fishing, pearl diving and trade. Fast forward to 2024 and the UAE is now home to some of the world's largest and most valuable companies. 🔹1970s: Companies like ADNOC Group, dnata, #EmiratesBank (Emirates NBD) and Dubai Electricity & Water Authority - DEWA laid the foundation for the nation's growth. 🔹2024: ADNOC Group continues to dominate the oil and gas sector, while Emirates Airlines soars as a global aviation powerhouse. Emaar Properties shapes skylines worldwide with iconic projects like the #BurjKhalifa, while DP World handles global trade through UAE ports. 🔹Others like First Abu Dhabi Bank (FAB), e& UAE and ALDAR Properties contribute significantly to the nation's financial and infrastructure sectors, while Dubai Islamic Bank and DAMAC Properties excel in Islamic banking and luxury real estate. This journey from local enterprises to global leaders vividly showcases the UAE's astonishing growth and unwavering resilience, propelling it to remarkable heights in record time. #UAEBusiness #FromLocalToGlobal #InnovationJourney #GlobalLeaders #EconomicGrowth #UAEProgress #EconomicPowerhouse #WorldClassCompanies #EmergingMarkets #MarketLeadership

Ras Al Khaimah Economic Zone (RAKEZ), a business hub that offers a wide range of cost-effective solutions to #MSMEs and larger industrial players in the #UAE, has signed a Memorandum of Understanding (MoU) with Emirates Post, the postal arm of 7X. This partnership aims to streamline business processes for clients of both organizations by offering integrated solutions and value-added benefits, eventually fostering sustained business growth in the emirate of Ras Al Khaimah. https://bit.ly/40M219h

An approval from Saudi Arabia and an approval from the African Civil Aviation Commission have been obtained. A new airline focusing on the African market will be launched by Saudi Arabia, according to reports. In a report citing multiple sources, Saudi Arabia's Al Eqtisadiah Arabic newspaper reported that the airline will launch in Riyadh to promote tourism and investment in the kingdom and the African continent. According to the report, Saudi Arabia and the African Civil Aviation Commission (AFCAC) have approved the project. Al Eqtisadiah said the company's routes and details of the launch are still to be announced. It will be the relaunch of a defunct airline that operated in Saudi Arabia between 2016 and 2021 but was forced to shut down because of economic difficulties. Several African countries and Saudi cities are expected to be served directly and via stopover flights by the new airline, Al Eqtisadiah said. #ksa #saudi #saudiarabia #saudivision2030 #riyadh2030 #business #growth #finance #funding #airlines #africa Source - Zawya

🇦🇪 UAE's Ports: Key Drivers of Trade & Economic Growth 🇦🇪 With seven emirates, the UAE is a logistics powerhouse on the Arabian Peninsula, supported by some of the world’s busiest ports. Here’s a quick look at a few: 🚢 Jebel Ali Port – World’s largest artificial harbor; Dubai’s busiest port ⚓️ Mina Zayed – Abu Dhabi’s international gateway for breakbulk and passenger traffic 🌊 Mina Rashid – Dubai’s first commercial port and major cruise terminal 🚚 Khalifa Port – Abu Dhabi’s deep-water facility, handling containers and bulk cargo 🌍 Khor Fakkan – A natural deep-sea port known for container and bulk shipments These ports fuel the UAE's economy, making it a global trade hub. 🌐 #UAE #Ports #Trade #Logistics #GlobalTrade #EconomicGrowth