INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

‘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.