Syria signs $800 mn port deal with DP World to develop Tartus port
Damascus, Syria -- Syria signed a $800 million deal with UAE-based company DP World on Sunday to develop the port...Business
Investments rise in data, AI, outpacing physical assets: UN
Geneva, Switzerland - The purchase of physical assets was eclipsed last year by a surge in investment in intangible items...Business
DAE to acquire 17 aircraft for $1 bn
This portfolio comprises 100 percent next-generation aircraftEighty percent of the aircraft are manufactured by Airbus, and 20 percent are manufactured by Boeing.
These aircraft are expected to reduce DAE’s weighted average passenger fleet age to 6.9 years.
Electric, hybrid and aerial to entirely transform city life: IIT Madras expert
Easier commutes with faster, quieter, and eco-friendly vehicles would reduce travel times significantly and reduce stress for urban residents, says...Large and hugely populous Asian countries like India have abundant sunlight, making solar power a natural fit for supporting EV adoption.
The ePlane Company’s air taxis will revolutionize urban transport by offering faster and more efficient ways to move within cities.
DP World posts record $20bn revenue
The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.DP World capacity exceeded 100 million TEU due to selective infrastructure investment in key growth markets.
Capital expenditure of $2.2 billion ($2.1 billion in 2023) was invested across the existing portfolio.
Meraas awards $544m contract
It has been awarded for construction of Design Quarter at d3It includes the first residential community within Dubai Design District (d3), a global creative and design ecosystem.
Scheduled for completion by mid-2027, the Design Quarter at d3 comprises a collection of 558 apartments.
Smart cities lead GCC’s IoT boom: NEOM and Smart Dubai in focus
IoT applications are transforming critical sectors such as transportation, where connected vehicles improve traffic management, utilities where smart grids enhance...For instance, to manage the flow of massive stadium crowds during the FIFA World Cup, Qatar leveraged “digital twins,” aggregating data from 40,000 IoT devices.
In a similar vein, Dubai’s Enterprise Command and Control Center uses a combination of AI, digital camera, and thermal imaging technologies to oversee 11,000 surveillance cameras.
Tech and sustainability drive Singapore’s smart tourism vision
To realize its vision for “smart tourism”, Singapore Tourism Board is leveraging cutting-edge technologies like artificial intelligence, data analytics, and...STB’s Tcube, a hybrid innovation space launched in 2021, has helped tourism businesses introduce tech solutions, including Al, into their operations.
More than 1,100 tourism companies have benefited from Tcube programs. Its Singapore Tourism Accelerator has supported 47 start-ups to develop 58 industry solutions across 6 cohorts
The Transformative Power of Travel
The framework for future-proofing tourism revolves around three core pillars: People, Planet, and Purpose. This vision is particularly evident in...The UAE’s We the UAE 2031 national development blueprint positions tourism as a key driver of economic growth, targeting a $123 billion contribution to GDP.
Similarly, Saudi Arabia’s Vision 2030 places tourism at the core of its diversification efforts.
AI’s US$19.9tn contribution: Insights from Tealium on digital economy’s future
By 2030, every dollar spent on AI-powered solutions is expected to generate US$4.60 in economic value, according to global analyst...Scaling AI solutions across industries presents significant challenges, particularly around data quality and privacy, Coyne said.
At Tealium, we take an active role in educating and empowering our customers to maximize AI’s potential while mitigating risks, he added.
GCC a key player in global freight and logistics industry, says Trukkin’s Dalmia
The region leverages a strategic major hub, advanced infrastructure, and economic diversification to fuel logistics demand, says Janardan Dalmia, Founder...The GCC Freight and Logistics market size is valued at US$76 billion in 2024 and is projected to reach US$110 billion by 2030.
Governments in the GCC are also reducing bureaucracy, and spending money on improving the infrastructure, Dalmia said.
Logistics: At the heart of economic activity
The global logistics market is expected to be around US$10 trillion in 2024, and is estimated to reach US$21.91 trillion...The logistics market revenue in 2023 was US$485 billion by airways, US$2.85 trillion by waterways, US$2.09 trillion by railways and US$3.52 trillion by roadways.
In the Arabian Gulf countries, the focus of the logistics and transport industry is moving from the UAE to Saudi Arabia.
