Source : Gulf News
Dubai: The UAE Cabinet on Sunday directed to postpone the implementation of the resolution regulating weights and dimensions of heavy vehicles in the county
The Cabinet also directed the Ministry of Energy and Infrastructure to conduct an extensive study on the decision. Furthermore, the Cabinet directed the Ministry of Economy to cooperate with all economic entities to study and execute vital measures to prevent any unjustified increase in the prices of any goods and commodities.
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Prices to ship containers from Asia to the U.S. and Europe are rising at a historic pace as cargo owners bid up rates in a search for ocean transportation capacity that shipping industry executives expect to remain tight for the rest of the year.
The average price world-wide to ship a 40-foot container has more than quadrupled from a year ago, to $8,399 as of July 1, according to a global pricing index by London-based Drewry Shipping Consultants Ltd. The measure has surged 53.5% since the first week of May.
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Source : Khaleej Times
The Sharjah Roads and Transport Authority has warned truck drivers of a fine of up to Dh50,000 and seizure of their vehicles for not complying with the rules of the road.
In accordance with the amendment issued by the Executive Council Resolution No. (2) of 2021 to Resolution No. (12) of 2019 on the tolls of trucks in the Emirate of Sharjah, SRTA has launched inspection patrols. These include a fleet of vehicles that carry its new logo to penalise those trucks that do not carry the necessary permits or follow the specified time when they can use the road.
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KIZAD will host the new ammonia production plant
Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of Abu Dhabi Ports, is hosting the formation of a green ammonia production facility, targeting regional and international markets.
Helios Industry, a privately-owned company, plans to invest over AED3.67 billion (USD1 billion) in the construction of the facility over the next few years, developing it with local and international partners in two phases. When complete it is projected to produce 200,000 tonnes of green ammonia from 40,000 tonnes of green hydrogen.The Helios facility at KIZAD, will be powered by a dedicated 800 MW solar power plant that will be set up within the Freezone. The plant will use solar power to electrolyse water and split molecules into hydrogen and oxygen.
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ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) have signed an agreement to construct the utilities facility for TA’ZIZ, the new world-scale chemicals production hub and globally competitive industrial ecosystem currently under development at Ruwais, Abu Dhabi in the United Arab Emirates (UAE).
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In a Standard Chartered poll, 73 per cent of UAE respondents stated that the pandemic has influenced them to think more positively about online shopping. With e-commerce accelerating stable and time-sensitive deliveries, an emphasis and focus on innovation around last mile delivery and same or next day service has transformed global transportation networks. The logistics industry in the GCC is rapidly evolving and adapting to the new normal by increasing their flexibility and infrastructure development.
Hinedi explained that the shift in trends by consumers and their spending behaviors since the onset of the Covid-19 pandemic have essentially made logistics an essential service provider for retail, healthcare, food supply, and many other industries.
SINGAPORE (ICIS)–The Gulf Cooperation Council’s (GCC) chemical industry is projected to post a 15-20% revenue growth in 2021, reversing the contraction of more 20% last year, on the back of higher output and trade despite no dramatic recovery in upstream crude oil prices.
The projected growth, however, is still lower than the pre-pandemic pace of expansion of 25-30%, when incremental annual revenues were posted at $80bn since 2011, the Gulf Petrochemicals & Chemicals Association (GPCA) said on Tuesday.
Higher oil prices and a demand rebound in end-user industries would drive up revenues this year, it said.
Focus article by Nurluqman Suratman
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