Tag: Dubai

The city of Dubai now has its own cryptocurrency. This new cryptocurrency, called emCash, runs on its own blockchain and is designed for various financial transactions. emCash uses the latest blockchain technology and works as part of payment system called emWallet. The digital currency has varied advantages – faster processing, improved delivery time, less complexity and cost, to name a few. The city will also have a shared platform, called Blockchain-as -a -Service.

Abu Dhabi Ports will develop the port, in order for it to become the first in the Gulf capable of directly handling this kind of ships. Once Khalifa Port is developed, it will be able to lead to larger ships calling in to Abu Dhabi.

In line with the Abu Dhabi Economic vision 2030 to create a sustainable economy, the stakeholder event aims to raise local community awareness, encourage partner and customer engagement and promote knowledge sharing and a culture of sustainability amongst corporations in Abu Dhabi.

In line with the Abu Dhabi Economic vision 2030 to create a sustainable economy, the stakeholder event aims to raise local community awareness, encourage partner and customer engagement and promote knowledge sharing and a culture of sustainability amongst corporations in Abu Dhabi.

As part of the partnership, data scientists from Bahri Data and Veracity, DNV GL’s data platform, will lead efforts to drive innovative initiatives to bolster safety, security, quality, and compliance frameworks in the global fleet.

Singapore-based Trescorp is to launch a new 45-hectare terminal in Sohar Port with an investment of USD600 million. The strategic location of Sohar, outside the Strait of Hormuz, but close to the Gulf States and the Indian subcontinent, was a key factor in the investment. 

The Dubai Maritime City Authority informed that it shared experience in maritime registration and licensing services with the Department of Municipal Affairs and Transport in Abu Dhabi, during their recently held meeting, with the aim to reinforce UAE’s position as one of the most important maritime and logistics capitals in the world.

Combined Maritime Force recently visited the Dubai-based UKMTO to discuss security issues with global maritime industry representatives, attending the Maritime Information Exchange Vessel Operators Meeting. MIEVOM is a valuable opportunity for merchant vessel owners to discuss ways to collaborate more closely with military naval officers to maintain safe seas and pirate-free waters off Somalia.

Dubai Maritime City Authority is taking part as an exhibitor at Norshipping, Norway, shortly after Dubai's recognition in Menon Business report, as one of the Top 10 global maritime capital cities. Experts also predict that the city will continue to grow in stature and will become the world's 6th most important maritime centre by 2022.

The Dubai Maritime City Authority has announced plans to enhance the competitiveness of the UAE's maritime industry. In this context, the DMCA hosted on May 24, a delegation from the Ajman Tourism Development Department, to share its pioneering experience at the national level. In addition, the city is looking into investing a $1 billion fund focused on shipping.