The UAE's AD Ports Group will open a representative office in Pakistan's capital city of Islamabad to unlock new avenues for foreign direct investment and promote greater regional connectivity.
"This move will enable closer collaboration with government entities and strategic partners, positioning AD Ports Group as a key contributor to Pakistan’s economic transformation," said Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group.
Pakistan holds a strategic geographic position as a maritime gateway to Central Asia, making it a vital component of AD Ports Group’s broader vision for developing an integrated trade corridor spanning from China to Europe.
The Group has already made strategic inroads into key markets along this corridor, including Kazakhstan, Uzbekistan and Georgia.
The Islamabad office follows a series of growing investments by AD Ports Group in Pakistan, including $295 million committed towards the development and enhancement of container, bulk, and general cargo terminals at Karachi Port’s East Wharf.
These investments are central to the Group’s strategy to support the transformation of Pakistan into a regional trade and logistics hub.
The UAE and Argentina have announced the launch of negotiations for a Comprehensive Economic Partnership Agreement (CEPA), marking a new step in efforts to deepen trade and investment relations.
Meraas, part of Dubai Holding Real Estate, has awarded a contract worth nearly AED 1 billion to GCC Contracting to build 272 villas and townhouses in Phase 7 of Nad Al Sheba Gardens.
Meta CEO Mark Zuckerberg on Wednesday has unveiled a small handheld gadget called Meta Charm for using its new Muse AI assistant, taking the company's hardware efforts beyond its successful smart glasses.
The Central Bank of the UAE has imposed strict enforcement measures on the UAE branches of Bank Melli Iran following violations of regulatory requirements, including legislation related to anti-money laundering and combating the financing of terrorism and proliferation financing.
A free trade agreement between India and New Zealand, signed in April, will come into force on October 20, Indian trade minister Piyush Goyal said on Monday, as New Delhi seeks to boost exports and attract investment amid shifts in global trade.
Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need
Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?