AD Ports’ Noatum announces acquisition agreement of Sesé’s Finished Vehicles Logistics

AD Ports’ Noatum announces acquisition agreement of Sesé’s Finished Vehicles Logistics

AD Ports Group has announced that Noatum, which now leads its Logistics Cluster operations, has signed the agreement for the acquisition of the 100% equity ownership of Sesé Auto Logistics, the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé, for a total purchase consideration (Enterprise Value - EV) of EUR81 million.

The world’s tallest solar power tower at 262.44 metres in the Mohammed bin Rashid Al Maktoum Solar Park in Dubai

The world’s tallest solar power tower at 262.44 metres in the Mohammed bin Rashid Al Maktoum Solar Park in Dubai

The solar power tower located in the Mohammed bin Rashid Al Maktoum Solar Park in Dubai stands at an impressive height of 262.44 metres, making it the tallest in the world. This project follows the Independent Power Producer (IPP) model and has attracted investments of up to Dh15.78 billion. Its primary objective is to generate clean energy for approximately 320,000 residences, resulting in a significant reduction of carbon emissions by 1.6 million tonnes annually.

Dubai Ruler issues law over use of emblem for the emirate

Dubai Ruler issues law over use of emblem for the emirate

Sheikh Mohammed bin Rashid, the Vice President and Ruler of Dubai, has recently issued a new legislation pertaining to the utilization of the official emblem for the emirate. In accordance with this law, which was announced on Monday, Sheikh Mohammed has declared that "This emblem is the exclusive property of the emirate of Dubai, protected by this Law and its accompanying regulations.