INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

‘Dubai among key global maritime destinations’

A general view from the Middle East Bunkering Convention 2023. (WAM)
  • Dubai is one of the leading players in the maritime sector, as it ranks among the most important global maritime destinations such as London, Singapore, Shanghai and Hong Kong
  • The emirate has achieved record growth in the service of refuelling vessels during in 2022, as it recorded about 1.1 million metric tonnes, with a growth rate of 30 percent

DUBAI, UAE – Dubai is one of the leading players in the maritime sector, as it ranks among the most important global maritime destinations such as London, Singapore, Shanghai and Hong Kong, said a key official.

Sheikh Saeed bin Ahmed bin Khalifa Al Maktoum

Sheikh Saeed bin Ahmed bin Khalifa Al Maktoum, Executive Director of the Dubai Maritime City Authority (DMCA) at the Ports, Customs and Free Zone Corporation, made this statement during DMCA’s participation in the Middle East Bunkering Convention (MEBC) 2023.

The Executive Director of the Dubai Maritime City Authority added that the emirate of Dubai is a partner and a vibrant hub in maintaining the smooth flow of the global oil market through the main marine ports used to supply ships with fuel, due to its strategic geographical location.

He also highlighted Dubai achieving record growth in the service of refuelling vessels during in 2022, as it recorded about 1.1 million metric tonnes, with a growth rate of 30 percent compared to 2021.

Sheikh Saeed explained that DMCA is keen to streamline all services to enhance and sustain the practice of maritime activities, to support the ambitious approach in consolidating Dubai’s vanguard position as a first-class global maritime centre.