Construction Dubai launches $30m project to upgrade historic creek By Pramod Kumar February 26, 2024, 5:47 AM WAM The creek renovation intends to reduce disruptions to commercial traffic caused by flooding or bad weather Dubai Municipality is undertaking a project to rebuild and rehabilitate parts of the historic Dubai Creek with a total investment of AED112 million ($30.5 million). The project aims to improve the creek’s retaining walls by upgrading the dock, reconstructing sections that have been damaged and dilapidated over the past 50 years and preventing potential flooding during harsh weather conditions, state-run WAM news agency reported. Work will be tackled in two phases, with the initial phase involving the restoration of a 2.1 km stretch along the Deira side of Dubai Creek and the second a 2.3 km length on the Bur Dubai side. The project is scheduled to complete within 14 months. Dubai Creek plays a key role in driving the economic and social prosperity of the emirate with over 13,000 ships passing through annually. It is one of the emirate’s most vital historic maritime channels, marking the initiation of the emirate’s trade interactions with the world over a century ago.
Tax $660m a year ‘sin tax’ target set by Kuwait Kuwait hopes to raise 200 million dinars ($660 million) a year through a “sin tax” on unhealthy products as part of tax reforms proposed by the International Monetary Fund, the country’s finance minister said on Wednesday. Noora Al-Fassam told the official Kuwaiti news agency that her ministry was working on a new law for a […] 10 hours ago
Transport Tenders issued for high speed Abu Dhabi-Dubai rail link Tenders have been issued for the design and construction of central components in a high-speed rail link between Abu Dhabi and Dubai. Etihad Rail, the national rail company of the UAE, has sent out tenders for designing and constructing civil works and station packages for the line connecting the two cities as part of the […] 10 hours ago
EXCLUSIVE Aviation Wizz Air increases flights from UAE to Israel after ceasefire The budget carrier Wizz Air is increasing the number of flights between Abu Dhabi and Tel Aviv after the ceasefire agreement between Israel and Hamas. The airline had previously scaled back its Tel Aviv-Abu Dhabi service to four flights a week because of the conflict, down from its pre-crisis schedule of two flights a day. […] 11 hours ago
Mining Saudi development fund might invest $100m in Pakistan mining Saudi Arabia might invest more than $100 million in Pakistan’s mining infrastructure through its development fund to scale up operations to meet demand. Minister of industry and mineral resources Bandar Alkhorayef also confirmed that mining company Manara Minerals, a joint venture between Saudi sovereign wealth fund the Public Investment Fund and miner Ma’aden, is interested in investing […] 12 hours ago
