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Emirates News Agency – DP World Group invests $510 million to build tuna container terminal



Emirates News Agency – DP World Group invests $510 million to build tuna container terminal
  • DP World Group is investing USD 510 million to develop the largest Tuna-Tegra container terminal in India.

New Delhi, August 25, WAM, DP World (dbworld) today signed a concession agreement with Tindial Port Authority for the development, operation and maintenance of a new 2.19 million TEU container terminal in Kandla district of western Gujarat. Coast of India.

The concession agreement was signed by Dindal Port Authority Chairman SK Mehta and Rizwan Somar, Managing Director and Chief Executive Officer, Indian Subcontinent, Middle East and North Africa, DB World Group (dbworld). The signing ceremony was attended by Union Minister for Ports, Shipping and Waterways Sarbananda Sonwal, dbworld Group Chairman and CEO Sultan Ahmed Bin Sulayem and India’s Minister of State for Ports, Shipping and Waterways Shantanu Thakur. At a ceremony in the capital New Delhi.

The Dindial Port Authority had in January awarded the concession to develop the mega-container terminal to Hindustan Infralog Pvt Ltd, a joint venture between DP World Group and the National Investment and Infrastructure Fund (NIIF). The concession is being made on a “build-operate-transfer” (BOT) basis for 30 years, with an option to extend the contract for a further 20 years.

The project involves the construction of a large container terminal at Duna Tegra, near the existing port of Tendyal, at a cost of US$510 million through a public-private partnership.

It will have a capacity of 2.19 million TEUs per annum upon completion of construction in 2027 and will include a 1,100-metre deep berth capable of handling next-generation mega-ships carrying over 18,000 TEUs. As part of the concession agreement, the stream may be extended up to 1,375 meters.

The project will connect the hinterland through a network of inland roads, highways, railways and dedicated freight lines, support the growing demand for logistics solutions from North, West and Central India and connect regional businesses to global markets.

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DP World currently operates five container terminals in India – two in Mumbai, and one each in Mundra, Cochin and Chennai – with a total capacity of 6 million TEU. With the addition of Tegra Tuna, DP World Group’s total capacity stands at 8.19 million TEUs. The project is part of the National Infrastructure Plans and will further enhance Government of India initiatives such as PM Jati Shakti Master Plan and National Logistics Policy. The container terminal will be fully compliant with the Green Port Guidelines, which contribute to achieving the long-term sustainability goals set by the Government of India by adopting best practices for managing the port environment.

Union Minister for Ports, Shipping and Waterways, Sarbananda Sonwal said: The signing of the concession agreement between Dindial Port Authority and DB World Group is another significant achievement in building infrastructure excellence. India is public and private through B2B model. This project is in line with Amrit Kaul’s Vision 2047 presented by our Prime Minister and will also quadruple port handling capacity and improve intermodal logistics infrastructure to boost economic growth. A key role in the government’s ambitious vision of making India an ‘export hub’, it will also support direct and indirect job creation in various sectors such as transport, distribution and supply chains.

SK said: Mehta, Chairman, Tendyal Port Authority said, “We are delighted to partner with DB World Group in the development of one of our flagship projects at Tendyal Port. The Tuna-Tegra Mega Terminal will be one of the largest container terminals. This will help increase production and cargo handling capabilities at the port. As one of India’s busiest ports, we are committed to improving our capacity to serve the nation and business by reducing congestion and increasing trade capacity. Recently agreed to raise, apart from this, we are considering implementing several initiatives to improve connectivity between Kandla and Duna Tegra. Indian Ministry of Road Transport, Highways and Railways.

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Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World (dbworld) Group, said: “We are proud to collaborate with Tendyol Port Authority on the new mega-container terminal development at Duna Degra. The group can deliver business opportunities by connecting North and West Central India to global markets, thereby adding value to all stakeholders through the key opportunities that India represents. The signing of this concession agreement marks another milestone in our joint ventures with the National Investment and Infrastructure Fund. DP World’s logistics infrastructure expertise and local knowledge to strengthen supply chains, supply and trade and support industry growth in India.

Rajiv Dhar, CEO and Managing Director, National Investment and Infrastructure Fund of India, said: “We are delighted to be working with the Dindial Port Authority and DP World Group to develop one of the largest new infrastructure projects in the port sector in India. On a public-private partnership basis. “This project will create significant value for end-users and help the government achieve its goal of reducing logistics costs for commercial transport. This project is a testament to our capacity for large-scale infrastructure development in partnership with strategic players.”

Zakaria Mohildin/ Muhammad Jaballa

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Emirates News Agency – Ahmed Belhoul Al Falasi delivers a keynote address to the Youth Media Forum in the presence of Latifah Bint Mohammed.



Emirates News Agency – Ahmed Belhoul Al Falasi delivers a keynote address to the Youth Media Forum in the presence of Latifah Bint Mohammed.

Dubai, 25th September / WAM / Chairman of Dubai Culture and Arts Authority, Member of Dubai Council, His Excellency Dr. Ahmad Belhoul Al Falasi, in the presence of Sheikha Latifah bint Mohammed bin Rashid Al Maktoum, Minister of Education, emphasized the importance of having a platform to exchange experiences and knowledge and improve the presence of talented youth. .In the media sector, it contributes to the qualification of young male and female media professionals and prepares them to absorb the developments and challenges in the sector. Preserving the traditions and ethics of media work, ensuring its authenticity and sustainability of its impact.

This happened during His Excellency’s speech at the Youth Media Forum, which was established under the guidance of His Highness Sheikh Ahmad Bin Mohammed Bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council. The main session of the first session of the forum organized by Dubai Press Club, is exclusively dedicated to male and female students. Media.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced through his “X” platform (formerly Twitter) in search of a famous young man, “May God protect him”. Or the woman representing youth issues in the government of the United Arab Emirates, learned very valuable lessons, caring for the youth, empowering them and listening to their voices and issues is a priority for every country that aspires to uniqueness and excellence, because the future is one that is capable of facing the challenges of time with a proactive attitude and passion for work and achievement. Nations are created by its conscious youth, which indicates that His Highness chose to announce one of the most popular social media platforms. The need to imbibe modern technologies and tools and use them to reach the target audience efficiently and effectively.

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He added: “We in the UAE have learned from our intellectual leadership the importance of understanding the needs of the future and preparing to meet its challenges if we want to achieve global leadership, and those who want to be at the forefront should not hesitate. Invest in the youth because they are the creators of the future.”

Honorable Dr. Ahmad Belhoul Al Falasi praised the Youth Media Forum and the key topics it presents, revolving around the role of youth in creating tomorrow’s media, stressing that the value of media work is to bridge generations by combining expertise and experiences. Pioneering the energy of young media professionals, strengthening the connection between the values ​​and ethics of media work and tools, paving the way for a new generation of Arab media professionals armed with modern technology, knowledge, skills and confidence. Skillfully leading the media scene in our Arab world for years and decades.

He emphasized that it is imperative that the media evolves in line with the changes towards the future, its staff and leaders develop, and create and sustain content that is competitive in terms of value, quality and impact. The pace of development in the UAE and its aspiration for further progress and prosperity in the next phase point to the importance of media-savvy students with values ​​of integrity and authenticity to ensure the influence of Arab media in the future. and to adapt to the rapid changes occurring in the field of media work, to develop the ability to face challenges armed with competence and creative thinking, and to commit to the principles and ethics of the profession in order to carry out their duties effectively and efficiently.

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– The voice of truth.

On the opportunities and challenges facing the media sector, especially in the light of the rapid technological development across the world, the Hon’ble Minister of Education said that today’s media landscape is diverse and has a mix of traditional and mixed media. Digital, in which message and concept are intertwined, and exposes the recipient to a vast stream of usable.

He pointed out that modern technologies play a fundamental role in shaping the future of media, especially artificial intelligence and other technologies that will change the shape of media as we know it, offering opportunities to disseminate information, opinion and analysis in new ways. . At the same time, it creates many challenges, symptoms of which we see today in the spread of fake news and the use of techniques such as deep fakes.

– Accept responsibility.

The Hon’ble Education Minister expressed confidence in the ability of the young media students to carry out the responsibility entrusted to them with all skill and integrity. Knowledge and a negative media that doesn’t care about the truth is like the difference in building society.” It is progressive and believes in the values ​​of tolerance and coexistence and strives to achieve sustainable growth and development for all its groups. And in backward societies ignorance and falsehood are prevalent among their members.

Ahmed al-Boutli/Mohammed Jaballah

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Forex Trading and Global Economics: The Impact of Economic Factors



The forex market is a global marketplace, with traders completing trillions of trades daily. It is also a liquid and volatile market that is highly sensitive to economic factors on a local and global scale. These factors affect market and investor sentiment, current values, and trade decisions, ultimately driving prices up or down.

The Relationship Between Forex Trading and Economic Factors

Forex trading entails speculating on a currency’s price to profit from its sale. The forex market is influenced by several economic factors that determine currency values and the prices traders deem fair at a particular time. If you are interested in forex trading, you should understand that there are numerous indicators, and it is impossible to follow them all. Some are also more important and have a bigger impact than others.

The Gross Domestic Product (GDP)

GDP shows the value of all services and finished products produced within a country in a specified period. It is one of the best measures of the health of an economy. GDP does not move the market much because almost everything in it is known months in advance.

However, it can move the market in two ways. One, the GDP numbers might differ from expectations, leading investors and traders to revise their positions and thinking. As this happens, market activity, trade volumes, and volatility increase, opening up opportunities for keen investors.

Second, GDP can help investors know if a country is in recession, technically defined as a GDP contraction in two consecutive quarters. It, therefore, becomes a crucial macroeconomic factor that helps interested parties better understand a market and the forex opportunities therein.

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The Unemployment Rate

This is the percentage of a country’s working-age population looking for work. Unemployment damages consumer sentiment and spending and can significantly affect a country’s economic health.

Unemployment data released by the government gives traders an insight into a metric that the government follows keenly. Any deviation from established trends or projections can impact the forex market.

For example, a higher-than-expected unemployment rate, which indicates a weakening of the labor market, can mean a bearish run of a currency. Any currency pairs that include it could benefit traders if they position themselves well.

The Direction of International Trade

A balance of trade tells investors and traders the demand for a country’s products. Countries with products in high demand will see currency value appreciations. The reason is that buyers must convert their currency to the country’s currency, increasing demand for the latter. This puts pressure on it, and its price appreciates.

The reverse is true for countries that are net importers of international products.


Although a significant indicator, it might have unintended consequences on currency prices. Many traders assume that high inflation rates cause the value of a currency to fall. The reverse can happen if a central bank raises its rates to slow inflation down.

Currency values hinge on the health of their underlying economies whose health is determined and understood by looking at the most important macroeconomic indicators. Traders should keep an eye on them to understand how the global economies are doing so they can make better investment decisions.

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Emirates News Agency – WAM Until now



Emirates News Agency – WAM Until now

ABU DHABI, 23 September / WAM / The following are the headlines of the important news broadcast by WAM so far:
The President and his two representatives congratulated the Custodian of the Two Holy Mosques on the Kingdom’s 93rd National Day.

– The Head of State and two of his deputies offer their condolences to the President of Italy on the death of former Italian President Giorgio Napolitano.

– The Ruler of Sharjah congratulated the Custodian of the Two Holy Mosques on Sharjah’s 93rd National Day.

– The Ruler of Ajman congratulates the Custodian of the Two Holy Mosques on the Kingdom’s 93rd National Day.
– The Ruler of Fujairah congratulates the Custodian of the Two Holy Mosques on the Kingdom’s 93rd National Day.

– The Ruler of Umm Al Quwain congratulates the Custodian of the Two Holy Mosques on the Kingdom’s 93rd National Day.
– The Ruler of Ras Al Khaimah congratulates the Custodian of the Two Holy Mosques on the Kingdom’s 93rd National Day.

– Sultan bin Ahmed Al Qasimi Sharjah signed a cooperation agreement to implement the SAT-2 satellite project.

– Sheikha Fatima, wife of the Custodian of the Two Holy Mosques and wife of the Saudi Crown Prince, congratulated the Kingdom on its 93rd National Day.
– Abdullah Bin Saeed met several Foreign Ministers in New York.
– Abdullah bin Zayed and the State Committee participate in meetings and meetings within the framework of building bridges of cooperation and strengthening multilateral work within the high-level week of the 78th session of the General Assembly.
– Abdullah bin Zayed and UAE representatives continue their meetings to promote sustainable partnerships on the fourth day of the high-level week of the 78th session of the General Assembly.

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Assem Al-Gholi

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