AD Ports inks deal for terminals at Egypt's Red Sea Ports

05 Jan 2024 CW Team

Abu Dhabi Ports has initiated a contract to construct terminals at Egyptian Red Sea ports, marking a significant collaboration in maritime infrastructure development. This venture showcases international cooperation and reinforces Abu Dhabi Ports' commitment to fostering strategic maritime partnerships in the Red Sea region.

In a noteworthy development, Abu Dhabi Ports has officially commenced a contract to build terminals at Red Sea ports in Egypt. This initiative reflects a collaborative effort to enhance maritime infrastructure and trade connectivity, contributing to the economic development of the region.

The contract signifies a milestone in the longstanding relationship between Abu Dhabi Ports and the Red Sea ports in Egypt, emphasising mutual cooperation in bolstering port capabilities. The construction of terminals is expected to facilitate more efficient cargo handling and promote seamless maritime trade operations.

This strategic move aligns with Abu Dhabi Ports' vision of becoming a global maritime hub and reinforces its commitment to international partnerships for sustainable infrastructure development. The terminals' construction is anticipated to have a positive impact on trade flows in the Red Sea, fostering economic growth and strengthening maritime ties between the United Arab Emirates and Egypt.

As Abu Dhabi Ports embarks on this venture to build terminals at Egyptian Red Sea ports, it sets the stage for enhanced maritime collaboration, driving economic prosperity and facilitating smoother trade operations in the strategically vital Red Sea region.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..