DUBAI MARITIME CITY
5 missiles land near ship in the Red Sea in likely the latest attack by Yemen's Houthi rebels
The rebels have targeted more than 60 vessels by firing missiles and drones in their campaign that has killed a total of four sailors. They seized one vessel and sank two since November. A US-led airstrike campaign has targeted the Houthis since January, with a series of strikes on May 30 killing at least 16 people and wounding 42 others, the rebels say.
Suspected Houthi attack targets a ship in the Gulf of Aden, while Iraqi-claimed attack targets Eilat
Early Wednesday, a suspected missile attack by Yemen's Houthi rebels targeted a ship in the Gulf of Aden. Concurrently, an Iraqi militant group allied with the Houthis claimed responsibility for a drone attack on the southern Israeli port city of Eilat. These incidents mark an ongoing escalation linked to the Israel-Hamas conflict in Gaza, as well as tensions involving Yemen's internal politics.
Houthi rebels say at least 16 killed, 35 others wounded in joint US-British airstrikes in Yemen
Joint British-US airstrikes on Yemen's Houthi rebels killed 16 and injured 35 in response to attacks on shipping in the Red Sea and Gulf of Aden.
This 56-member family lives in Rs 4000 crore palace, owns 700 cars; All you should know about world's wealthiest family
Dubai's Al Nahyan royal family, spotlighted by GQ as the world's wealthiest dynasty, redefines opulence. From a ₹4,078 crore palace to a private jet fleet led by Sheikh Mohammed bin Zayed Al Nahyan, the family's influence spans vast global holdings, including oil reserves, corporate ventures, and extensive real estate. Automotive extravagance, a majestic presidential palace, and strategic investments under Tahnoun bin Zayed further showcase their financial acumen. With comparable wealth to the British royal family, ownership of Manchester City, and a superyacht collection, the Al Nahyan's boundless wealth cements their status as international powerhouses.
From coastal trading town to high-tech hub: Dubai’s transformation through entrepreneurial stories
Long-time business families, recent entrepreneurs and investors in Dubai share insights into the city's transformation, highlighting business opportunities and challenges.
World Logistics Passport is reimagining logistics to improve the way goods are transported
Designed to enhance cross-border trade and supply chain efficiency, the World Logistics Passport (WLP) is a global initiative operated from Dubai. The basic aim behind WLP is to minimise the trade barriers between countries, particularly logistical costs, via a global, private sector-led, free-to-join initiative.
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Top ship leasing companies make a beeline for GIFT City
Several global shipping companies, including some with Indian ownership, are exploring the possibility of setting up ship leasing businesses at Gujarat International Finance Tec-City (GIFT City) as the financial benefits on offer put it on par with international shipping hubs such as Singapore and Dubai. Eight companies, including Foresight Shipping and Alphard Maritime Group, are in various stages of exploration or authorisation to set up ship leasing at GIFT City.
Dubai seeks to become industrial hub in line with Dubai Industrial Strategy 2030 vision
Established in 2004, Dubai Industrial City is home to more than 750 businesses and hundreds of advanced factories using fourth industrial revolution technologies to make everything from car parts to coffee. Its ease of doing business, advanced infrastructure, logistics network, availability of raw and packaging materials, and access to specialized talent have cemented Dubai’s position as a preferred manufacturing, industrial, and R&D hub.
How a playground for the rich could undermine sanctions on Russian oligarchs
Since the invasion, much of the world has imposed sweeping sanctions on Russian financial institutions and the circle around Putin, and even notoriously secretive banking centers like Switzerland, Monaco and the Cayman Islands have begun to cooperate with the freezing of accounts, seizing of mansions and impounding of yachts. But not Dubai.
Drones across empty quarter: A lot at stake
The seven-year-old Yemeni conflict seems to have reignited across multiple theatres during the past three weeks.
Canal service provider says container ship in Suez set free
After hauling the fully laden 220,000-ton vessel over the canal bank, the salvage team was pulling the vessel toward the Great Bitter Lake, a wide stretch of water halfway between the north and south end of the canal, where the ship will undergo technical inspection, canal authorities said.
Port operator DP World sees 2020 profits drop 29% amid coronavirus
The port operator, which delisted from the stock exchange and returned to full state-ownership last June, stressed that it beat analysts' low expectations for global trade over the difficult period. The maritime firm, one of the world's largest, has faced various challenges with the virus surging, regional tensions rising and trade wars continuing.
Qatar-Saudi Arabia direct flights resume amid Gulf detente
At an annual Gulf summit meeting in Al Ula, Saudi Arabia, representatives of the four boycotting countries signed a pledge to resolve the bitter dispute that has fragmented the typically clubby Gulf Cooperation Council and troubled America's foreign policy in the region, including its efforts to isolate Iran.
Explosion reportedly strikes ship off Jiddah, Saudi Arabia
The United Kingdom Marine Trade Operations, an organization under Britain's royal navy, said the blast happened Sunday, without elaborating.
Dubai: Foul play not suspected in dos Santos' husband death
Dokolo, a 48-year-old Congolese art dealer who married dos Santos in 2002, died Thursday near Umm al-Hatab Island, Dubai police said in a statement Sunday.
Indian, Chinese navies rescue merchant ship in Gulf of Aden
After getting a distress call about the attack by pirates on the cargo vessel OS 35 last night with 19 Filipino crew members, the Indian Navy sent its two frontline warships.
How this Emirati city plans to put Indians on cruise liners
While Indians make up the largest numbers in hotel occupancy, getting them on a cruise in the region has so far proved to be challenging.
PM Narendra Modi to travel to UAE on August 16-17
Modi will undertake a two-day trip to the UAE from August 16 during which he will hold talks with the leadership there on key issues of trade and security.
Dubai to be world's 7th leading maritime center by 2020
Dubai ranked 5th under the Ports and Logistics indicator and was named one of the five largest port operators in the world by headquarters.
Sail the Persian Gulf, shop for spices, gold and more on your next MICE trip
Dubai’s architectural, cultural and maritime heritage is showcased at the Heritage and Diving Village, with displays related to pearl diving and dhow building — two of old Dubai’s historic economic mainstays.
India discusses future maritime cooperation with Dubai
During the meeting, both parties agreed to establish and maintain an effective channel of communication for better and faster coordination.
'Cargo ship with 16 Indians stranded off Dubai for a year'
Sixteen Indian crew members of a cargo ship have been stranded for almost a year aboard an empty vessel anchored off a port in Dubai.
Hinduja Group's lubricant plant commissioned in UAE
A lubricant manufacturing plant and grease processing unit, jointly set up by the Hinduja Group and the government in UAE's Ras Al Khaimah emirate.
Goa barge owners pitch for maritime industrial park
A Norwegian company has evinced interest in joining hands with the government for the project.
Dubai desert storm impacts Chennai companies
Down South, in Chennai to be specific, several companies with substantial stakes in Dubai fear that they have to bear the cascading effect of the Dubai crisis.
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