Category: Industry

ABU DHABI: The General Civil Aviation Authority (GCAA) today confirmed that none of the national airlines in the United Arab Emirates is operating any of the Boeing 737- MAX 9 aircraft, affected by the technical malfunction that occurred on a Boeing 737- MAX 9 plane operated by an American company on January 6, 2024.

This came in a statement by the GCAA today in response to the Boeing 737 Max 9 incident of a US company recently, as a result of which the US Federal Aviation Administration (FAA) decided to ground dozens of Boeing 737 Max 9s until the required inspections have been carried out.

The GCAA explained that the records related to the afore-mentioned aircraft model have been checked as well as the FAA’s announcements and directives in this regard, pointing out that it is continuously following up on all updates in this regard.

Source: Emirates News Agency

ABU DHABI: The General Civil Aviation Authority (GCAA) today confirmed that none of the national airlines in the United Arab Emirates is operating any of the Boeing 737- MAX 9 aircraft, affected by the technical malfunction that occurred on a Boeing 737- MAX 9 plane operated by an American company on January 6, 2024.

This came in a statement by the GCAA today in response to the Boeing 737 Max 9 incident of a US company recently, as a result of which the US Federal Aviation Administration (FAA) decided to ground dozens of Boeing 737 Max 9s until the required inspections have been carried out.

The GCAA explained that the records related to the afore-mentioned aircraft model have been checked as well as the FAA’s announcements and directives in this regard, pointing out that it is continuously following up on all updates in this regard.

Source: Emirates News Agency

SHARJHA: SteelFab 2024, the biggest event of its kind across the Middle East and North Africa region, launches tomorrow, Monday, at Expo Centre Sharjah, bringing together over 275 exhibitors hailing from 35 countries for the exhibition’s 19th edition. The event, which is organised by the Centre with support from the Sharjah Chamber of Commerce and Industry, is set to showcase the latest advancements in the metalworking field.

Through January 11, the exhibition will host over 600 local and international brands. Global manufacturers, producers, and suppliers in the iron and steel sector will have the chance to peruse innovative industrial technologies and solutions displayed by the field’s leading companies from the UK, Germany, Italy, the US, China, the Netherlands, and India, alongside local and regional companies.

SteelFab has become a much-anticipated annual event hosted by Expo Centre Sharjah, popular among stakeholders in the iron and steel sector and the numerous related industries. This year’s edition
features a robust agenda of events including a set of live demonstrations of cutting-edge iron and steel technologies, through which producers, industrialists, and experts in the metalworking industries will present the field’s latest developments and future prospects for the steel fabrication market.

The four-day exhibition will feature the latest technologies in the iron and steel industries, including machinery, equipment, and technology for steel production. Additionally, it will showcase CNC cutting systems, energy sources employed in cutting and welding machinery, materials and consumer products, accessories, electronic beam welding apparatus, material handling tools, cost-effective laser systems for metal cutting, steel processing machinery, and artificial intelligence robots.

SteelFab will open its doors to visitors from 10 am to 6 pm daily.

Source: Emirates News Agency

SHARJAH: The Hamriyah Free Zone Authority (HFZA) in Sharjah has announced it is taking part in the 19th edition of the SteelFab 2024 exhibition, organised by Expo Centre Sharjah from 8th to 11th January 2024.

During the event, HFZA will showcase the various opportunities and advantages of investing in the Free Zone as well as the facilities and services it provides for investors seeking to set up their businesses as central hubs in the iron and steel industry or as key destinations for specialised heavy industries.

At the exhibition, featuring over 275 exhibitors and 600 international brands in the sector, along with numerous industry experts, HFZA will highlight the main advantages of establishing a business at its industrial manufacturing park, which currently houses over 180 companies specialising in welding and mining.

HFZA pavilion will also highlight its attractive services, which have successfully attracted investors from both domestic and international markets. The Free Zone offers a multitude of c
ompetitive advantages, including easy access to Hamriyah Port, comprehensive solutions encompassing integrated logistics, warehousing, and merchandise handling, customs exemptions for imports, exports, and re-exports, complete corporate ownership, the ability to repatriate 100 percent of capital and profits, and convenient access to cutting-edge facilities and a skilled workforce.

Saud Salim Al Mazrouei, Director of HFZA, said, “We look forward, through our participation in SteelFab 2024, to gaining valuable insights from global manufacturers, staying informed about the latest developments in the metalworking industry, and understanding the specific requirements of manufacturers and investors in this sector.

‘Furthermore, we aim to promote HFZA’s investment advantages, the diverse range of options it offers, and its solutions that empower investors and businesses operating in the iron and steel industry to expand into new markets and grow their operations. The exceptional infrastructure and investment envir
onment within the Free Zone and throughout the Emirate of Sharjah play a pivotal role in helping us fulfil our investors’ aspirations by connecting them with global markets.’

Al Mazrouei emphasised that Hamriyah Free Zone is committed to maximising its presence at SteelFab 2024 to solidify its status as a leading hub for specialised heavy industries. To achieve this goal, the Free Zone is actively engaging with major global companies and renowned brands within the steel sector, with the aim of attracting new investors to Sharjah.

During such discussions, HFZA showcases its comprehensive offerings, ranging from top-notch facilities to exemplary client services, the simplicity of setting up businesses within the Zone, strategic geographic location advantageous to clients, and various services provided to enhance the productivity of the sector and boost its export capabilities.

Other participants in SteelFab 2024 include prominent iron and steel manufacturers from the UK, Germany, Italy, the United States, Ch
ina, the Netherlands, and India, as well as top local and regional companies operating in metalworking, welding and cutting, laser metal cutting systems, pipe manufacturing, and metal plate fabrication.

Source: Emirates News Agency

AJMAN: Aisha Al Nuaimi, Director of the Legal Affairs Department at the Ajman Chamber of Commerce and Industry (ACCI), revealed that the total number of commercial mediation cases in the Ajman Chamber during 2023 reached 84 mediation cases.

93 percent of the cases were completed, with the continuation of the trial in 6 cases of the total number of cases, explaining that the mediation Commercial service is one of the main legal services that the Ajman Chamber provides to business owners in general, with the aim of providing a sustainable legal service to resolve commercial disputes in an amicable manner with the assistance of an elite group of experts and legal advisors.

Al Nuaimi stated that the Ajman Chamber is keen to implement an annual plan to spread legal awareness among business owners and members of society in general, so that during 2023, the Ajman Chamber organised more than 8 specialised legal seminars within the series of legal seminars, and the legal seminars focused on awareness of corporate ta
x and introducing the laws regulating labor relations and trademarks, and the frameworks regulating the uses of AI, in cooperation with the Ajman Chamber’s partners from government and private agencies.

Al Nuaimi indicated that the Ajman Conciliation and Arbitration Center Committee of ACCI, includes more than 20 experts and arbitrators, and it provides a group of main services, including ‘request an arbitration service, request a conciliation service, request an expert registration, and request an arbitrator registration.’

The Centre seeks to provide Flexible and neutral mechanisms for resolving and settling disputes easily and at the lowest costs, in addition to expanding the circle of its partnerships with local and international bodies and institutions to prepare an elite group of arbitrators in the field of international arbitration and spreading the culture of arbitration among jurists and businessmen through seminars, courses and specialised training programs

She affirmed that the Ajman Chamber is c
onstantly seeking to develop its legal services, provide a work environment that encourages business growth and sustainability, provide innovative proactive services that support the protection of commercial and industrial interests, and enable various sectors to keep pace with legal frameworks and follow the rapid changes in the business environment

Source: Emirates News Agency

SHARJAH: During a media briefing, the Sharjah Chamber of Commerce and Industry (SCCI) and the Sharjah Real Estate Registration Department (SRERD) announced the details of the new edition of the Sharjah Real Estate Exhibition – ‘ACRES 2024’, being held under the patronage of H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, between 17th and 20th January, at Expo Centre, Sharjah.

‘ACRES’ represents a distinguished platform for companies and developers in the real estate sector to promote new projects, with a significant opportunity to meet different segments of people and investors interested in exploring investment opportunities. In addition, it reflects the sharp real estate growth due to the economic initiatives and incentives provided by the UAE government targeting residents wishing to reside, work, and invest in the country as a preferred safe and stable global destination.

During this briefing, the organising committee announced the participation of more th
an 372 new real estate projects from inside and outside the country, including real estate projects from the UAE, the Sultanate of Oman, the Hashemite Kingdom of Jordan, Georgia, the Arab Republic of Egypt, and Turkey. Moreover, the exhibition exclusively includes offers presented by major participating real estate developers.

In addition, the exhibition space has increased by 60 percent compared to last year to accommodate the increased demand from participating companies. This was due to the significant success achieved in the previous edition regarding exclusive investment deals and the high value of sales and transactions. The exhibition is expected to witness unparalleled visitor turnout in its new edition compared to the numbers seen during its previous editions.

Furthermore, the committee also added that each edition of the exhibition is committed to presenting different programmes and activities, including forums, panel discussions, workshops, and specialised industry talks in both Arabic and Englis
h, presented by key industry experts and market leaders discussing the industry and its prospects, in addition to valuable prizes.

The exhibition is officially sponsored by the ‘Sharjah Department of Town Planning and Survey’, ‘Sharjah Economic Development Department’, ‘Sharjah City Municipality’, and ‘Sharjah Housing Department’, in addition to media sponsorship from ‘Sharjah Broadcasting and Television Authority’, ‘The Financial World Magazine’, and academic sponsorship from “Innovation Experts Real Estate Institute’ and “Thinkprop Real Estate Institute”, in addition to advertising sponsorship from “Site Global” and support from the host “Expo Centre Sharjah”.

Abdulaziz Ahmed Al Shamsi, Director-General of SRERD, said during his speech, ‘This year, the exhibition is being held at a time when the emirate is witnessing the launch of various commercial, industrial, and residential projects, which reflects the continuous growth of the real estate sector in Sharjah.’

He added, ‘The emirate is attracting inves
tments and capital, and hence, the population is increasing, which in turn increased the demand for residential real estate. Such demand was met and enhanced by Sharjah Executive Council Resolution No. (30) issued in November 2022, which allowed all nationalities to own real estate of all kinds without limitation of time in real estate development areas and projects, after getting the approval.’

In this context, Al Shamsi pointed out, ‘Such wise decisions by the Sharjah’s Executive Council are critical. Add to them the exclusive discount of buying and selling fees on real estate transactions during the show days at ACRES 2024. “It joins a series of precedent decisions supporting the real estate sector’, he stressed, adding that ‘These decisions represent a strong impetus and an important step to support the real estate sector and provide it with more sustainable growth factors.’

For his part, Mohammed Ahmed Amin Al Awadhi, Director-General of SCCI, stated, ‘The exhibition confirms Sharjah’s remarkable devel
opment and growth, thanks to the continued support of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, and the keen follow-up of Sheikh Sultan, who is also Chairman of the Sharjah Executive Council, in addition to the determined efforts made by Sharjah government to support the real estate sector.’

He added, ‘The real estate sector constitutes one of the pillars of the economic diversification strategy in the emirate, as Sharjah is characterised by a wide urban renaissance that has strengthened its position as a leading global destination.’

Al Awadhi concluded his statement by saying, ‘SCCI is keen to continue organising this event and enabling it to achieve its goals, in terms of contributing to giving additional impetus to the real estate sector, increasing its activity, and highlighting the many investment opportunities in this sector.’

Source: Emirates News Agency