GASTAT reports growth in non-oil exports while oil exports decline, impacting the overall trade balance.
AD Ports Group has acquired five bulk carriers and three crude oil tankers valued at Dhs955m (USD 260m) to expand its commercial shipping capabilities.
AD Ports gains 70% stake in two Egyptian maritime companies for USD 140 million in the company’s first international acquisition.
AD Ports Group has signed an agreement with the Egyptian Group for Multipurpose Terminals to develop Egyptian ports.
The exchange program will target the oil and shipping industries and make use of blockchain technologies.