If a UAE-based supplier is exporting goods to any registered company in Saudi Arabia, then the local exporter here in the UAE will not have to charge VAT on the goods but the Saudi company will account using the Reverse Charge Mechanism. Companies operating in the UAE will need to prove their VAT compliance to …
From left to right: Mark Geilenkirchen, CEO SOHAR Port and Freezone; Jamal T. Aziz Deputy CEO SOHAR Port and Freezone; His Excellency Sultan Bin Salim Bin Said Al Habsi, Chairman SOHAR Port and Freezone; Chirag Pittie, Managing Director, SVP Group; Vinod Pittie, Chairman, SVP Group. The GCC region’s first major cotton plant is to be …
Home / NEWS / Dubai Shipping Agents Association gears up for annual gala dinner by ASC Staff on Sep 25, 2017 The Federation of National Associations of Ship Brokers & Agents (FONASBA) is a global organization of shipping agents and ship brokers. Dubai Shipping Agents Association (DSAA) has won the bid to organize FONASBA (Federation of …
With the formation of Legendre-BinSulaiman, OBS Group is now looking to take the offering to their current and future customers to a more efficient level and obtain global reach. OBS Group, which has diversified activities across the Middle East, Europe & Asia, has teamed up with Legendre Transport & Logistic Group to launch a new …
Monzer Tohme, regional vice president, Middle East & Africa, Epicor Software. By: Monzer Tohme, regional vice president, Middle East & Africa, Epicor Software One of the key findings of a recent PWC report found that the buzz around Industry 4.0 has moved on from what some saw as marketing hype in 2013 to investment and …
DP World is a 49% shareholder in TPS, which represents a gross capacity of 2.1 million TEUs (twenty-foot containers) out of 85 million TEUs for the Group. DP World will not renew its operating contract for PT Terminal Petikemas Surabaya (TPS) in Indonesia at the end of the agreement in 2019, the company has announced. …
Since they typically operate in or close to harbours and populated areas, tugs are particularly affected by environmental considerations, and the need for regulatory compliance is an increasing concern for tug owners and operators worldwide. [More Images] The technology group Wärtsilä is introducing a new portfolio of tug designs, to be known as the Wärtsilä …
Sultan Ahmed Bin Sulayem, group chairman and CEO, DP World. DP World has entered into agreements to acquire Maritime World, the 100% owner of Dubai Maritime City (DMC), for a purchase consideration of US$ 180 million and to buy 100% of Drydocks World (Drydocks) by means of a capital injection of US$ 225 million, taking …
The Middle East shipping industry needs to urgently reasses how it secures liquidity A decline in traditional ship finance and lack of provision from regional banks threatens Middle East shipping according to reports verified by Reuters. According to the reports, the substantial decline in finance from European banks, compounded by a lack of shipping finance …
Hapag-Lloyd had seen a significant increase in demand for reefer transport following its merger with United Arab Shipping Company (UASC). The German shipping line Hapag-Lloyd is buying 7,700 new reefer containers in response to a surge in demand for cold chain shipping services following its merger with UASC. Part of the order is apparently being …