Abu Dhabi Maritime will be responsible for the development of infrastructure and the management of the emirate’s coastal zones. Courtesy Abu Dhabi Ports
Abu Dhabi Maritime will be responsible for the development of infrastructure and the management of the emirate’s coastal zones. Courtesy Abu Dhabi Ports
Abu Dhabi Maritime will be responsible for the development of infrastructure and the management of the emirate’s coastal zones. Courtesy Abu Dhabi Ports
Abu Dhabi Maritime will be responsible for the development of infrastructure and the management of the emirate’s coastal zones. Courtesy Abu Dhabi Ports

Abu Dhabi sets up new body to oversee its maritime sector


Deena Kamel
  • English
  • Arabic

Abu Dhabi established a new body to regulate its maritime sector as it moves to streamline oversight, attract more foreign investment and develop infrastructure to boost the sector’s contribution to the economy.

Abu Dhabi Maritime was formed by the Department of Municipalities and Transport through an agreement with Abu Dhabi Ports. The new body will be the custodian of the emirate’s waterways and marine ecosystems.

“The new entity will commence its work by implementing a comprehensive regulatory framework, developing world-class maritime infrastructure and introducing consolidated strategic planning for coastal zone management,” said Saif Al Mheiri, managing director of Abu Dhabi Maritime.

The move is part of the emirate’s efforts to diversify its economy and grow non-oil sectors to boost job creation and attract investment.

“Our synergistic approach backed by a highly interactive digital single-window portal will ensure that Abu Dhabi’s maritime waterways and ecosystems continue to attract new investors and increase the maritime sector’s contribution to the growth of our national economy,” Mr Al Mheiri said.

Abu Dhabi Maritime will function as a consolidated single point of reference for the sector. It is mandated to administer all the emirate’s waterways and will be responsible for drafting, monitoring and enforcing regulations and codes.

In addition, it will develop and maintain all infrastructure and assets on the waterways, with its own work overseen by a new Maritime Advisory Council.

The establishment of Abu Dhabi Maritime will “take the regulatory oversight of our maritime sector to the next level”, said Falah Al Ahbabi, chairman of the Department of Municipalities and Transport and chairman of Abu Dhabi Ports.

Abu Dhabi Maritime will soon launch the expanded Delma Port, the company said.

This will accommodate more than 60 local fishing dhows, new slipways, a digitised booking system serving the wider boating community and mooring facilities in four marine-protected areas, in co-ordination with the relevant ­entities.

Abu Dhabi has waterways that cover 45,000 square kilometres along a 2,400km stretch of coastline. These are home to 17 commercial and community ports, more than 100 maritime facilities and more than 1,000 companies. Additionally, more than 40,000 vessels move through these waterways each year.

“Establishing Abu Dhabi Maritime serves to advance our emirate’s goal of becoming a world-leading maritime centre through the pursuit of regulatory advancement, fulfilling the needs of the maritime sector and attracting more direct foreign investment,” said Mohamed Al Shamisi, Abu Dhabi Ports group chief executive.

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Director: M Night Shyamalan

Rating: 3/5

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Always use only regulated platforms

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Report to local authorities

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How to join and use Abu Dhabi’s public libraries

• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.

• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.

• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.

• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.

• For more information visit the library network's website.

MATCH INFO

Barcelona 4 (Messi 23' pen, 45 1', 48', Busquets 85')

Celta Vigo 1 (Olaza 42')

SPECS

Nissan 370z Nismo

Engine: 3.7-litre V6

Transmission: seven-speed automatic

Power: 363hp

Torque: 560Nm

Price: Dh184,500

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Profile of VoucherSkout

Date of launch: November 2016

Founder: David Tobias

Based: Jumeirah Lake Towers

Sector: Technology

Size: 18 employees

Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake

Investors: Seed round was self-funded with “millions of dollars” 

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Scoreline:

Barcelona 2

Suarez 85', Messi 86'

Atletico Madrid 0

Red card: Diego Costa 28' (Atletico)

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The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

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The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Sukuk explained

Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.

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Seven tips from Emirates NBD

1. Never respond to e-mails, calls or messages asking for account, card or internet banking details

2. Never store a card PIN (personal identification number) in your mobile or in your wallet

3. Ensure online shopping websites are secure and verified before providing card details

4. Change passwords periodically as a precautionary measure

5. Never share authentication data such as passwords, card PINs and OTPs  (one-time passwords) with third parties

6. Track bank notifications regarding transaction discrepancies

7. Report lost or stolen debit and credit cards immediately

SPEC SHEET

Display: 10.9" Liquid Retina IPS, 2360 x 1640, 264ppi, wide colour, True Tone, Apple Pencil support

Chip: Apple M1, 8-core CPU, 8-core GPU, 16-core Neural Engine

Memory: 64/256GB storage; 8GB RAM

Main camera: 12MP wide, f/1.8, Smart HDR

Video: 4K @ 25/25/30/60fps, full HD @ 25/30/60fps, slo-mo @ 120/240fps

Front camera: 12MP ultra-wide, f/2.4, Smart HDR, Centre Stage; full HD @ 25/30/60fps

Audio: Stereo speakers

Biometrics: Touch ID

I/O: USB-C, smart connector (for folio/keyboard)

Battery: Up to 10 hours on Wi-Fi; up to 9 hours on cellular

Finish: Space grey, starlight, pink, purple, blue

Price: Wi-Fi – Dh2,499 (64GB) / Dh3,099 (256GB); cellular – Dh3,099 (64GB) / Dh3,699 (256GB)

Company profile

Name: Tratok Portal

Founded: 2017

Based: UAE

Sector: Travel & tourism

Size: 36 employees

Funding: Privately funded