Diversification in Middle Eastern Economies It seems diversification is the name of the new game being played across the oil producers in the Middle East. The AD Ports Group of Abu Dhabi business model is integrally comprised of Digital, Economic Cities & Free Zones, Logistics, Maritime and Ports. The UAE is a significant investor in
Drones in the Black Sea Credit CNN The downing of a US surveillance drone (Reaper MQ-9 class) which flew from its base in Romania to carry out its routine mission of capturing images of Russian assets and troops deployment and its falling into the Black Sea may heighten tensions in the Ukraine war zone. What
Iran's Quest for Blue Water Supremacy The Islamic Republic of Iran has ambitions to make its navy a blue water power and it demonstrated its resolve and ingenuity when it commenced commercial conversion of ships as mobile forward bases.Iran is vying for an extended naval outreach in the region. Credit Iran Press Last year two
Saudi Arabia's Emerging Financial Strength When the Saudi national oil company which is listed on the bourse announced revenues as high as $161 billion for last year it came as no surprise as oil and gas producers seem to be the prime beneficiaries of the Ukraine conflict. The ploy of the US and Western Europe
Kazakhstan China Extend Collaboration in Logistics Increasing collaboration between Kazakhstan and China is significantly reducing transportation time for goods from China via Kazakhstan rather then using the Black Sea route. Transiting across Kazakhstan will take around 6 days whereas goods enroute to the Black Sea from China will take 14 days. Kazakhstan’s rigorous efforts to
KSA to localise Defense Manufacturing by 50 % The Saudi Vision 2030 is primarily concerned with diversifying the oil and gas exploration ,refining and petrochemical economy and acquiring self sufficiency in the defense and security fields to reduce external reliance, provide business and vending opportunities for Saudi businesses , generate employment for its citizens to
LNG Carrier Survives Collision A bulk carrier of 35,400 dwt collided with a 162,000 cbm and 289 meters long LNG tanker off Gibraltar last August .The LNG vessel is owned by an Omani company and flagged in the Marshall Island.The bulk carrier was beached on a sandy seabed at 17 m depth .The damage caused
Credit SoharPort/Free Zone Oman Rail and Tourism Plans to construct a 303 km passenger and freight rail line connecting the deep sea port of Sohar and its Free Zone to Abu Dhabi seem to be materialising . Investment involved in the rail project is in the range of $ 3 billion. Sohar Port is nestled
Oman Civil Aviation Authority The Civil Aviation Authority of the Sultanate of Oman fulfilling its obligations under the Chicago Convention of 1944 tweeted that the country’s airspace is open for all carriers meeting requirements of the Authority for overflying . Credit Gulf News The decision to open Omani airspace for Israel, although the tweet did
China Criticised Much to the chagrin of the United States China has not outrightly criticised Russia's blatant invasion of Ukraine. China maintains that the US and NATO were to blame for provoking Russia to launch aggression against Ukraine. China and the US continue to exchange diplomatic barbs over Taiwan. The US , EU and UK
