Dubai’s Roads and Transport Authority (RTA) has opened tenders for electronic bike charging stations for the delivery industry, as the city eyes improved sustainability practices amid growth in the sector.
The CEO of the Licensing Agency at the RTA, Ahmed Mahboob, said the project aims to encourage delivery companies to adopt sustainable and environmentally-friendly means of transport.
He added the delivery sector has witnesses growth over the last few years, with the number of registered bikes reaching more than 40,000.
“The Authority affirms its commitment to providing an integrated and safe transportation system in Dubai, which supports economic development plans and contributes to achieving environmental sustainability, by encouraging the use of environmentally friendly means of transportation in various sectors, including the delivery sector, which contributes to providing an integrated transportation system in the sector safely and smoothly, and supports the economic plans in the emirate,” Mahboob said.
The locations up for bidding include strategic delivery areas, including Barsha, Rigga, Zaabeel, Mamzar, and others.
DP World is advancing with the development of its Sokhna Logistics Park, in Egypt. The $80 million (AED 293 million) state-of-the-art logistics hub, is set to enhance Egypt’s logistics infrastructure and position the country as a key regional trade hub.
Emirates, the world’s largest international airline, has signed an interline agreement with West Africa’s largest carrier, Air Peace, enhancing connectivity for passengers travelling to and from Nigeria.
Haitham Al Ghais, Secretary-General of OPEC, said investment needs in the oil sector will remain substantial to meet the expected growth in oil demand, with cumulative investment requirements estimated at $17.4 trillion between 2024 and 2050, or approximately $640 billion annually.
ADNOC Distribution has announced its financial results for 2024, achieving its highest-ever Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of $1.05 billion (AED3.86 billion), an increase of 4.8 per cent year-on-year.
UAE telecommunications company du has posted record-breaking financial results for 2024 with revenue up to AED14.64 billion, a 7.3 per cent increase from the previous year.